The Rise and Fall of Top Holdings: A Look into Davidson Kempner Capital's Q3 2022 vs. Q4 2022 13F Comparisons

Investment management firms must file a quarterly report known as a Form 13F with the Securities and Exchange Commission. This report highlights the holdings of the firm as of the end of the quarter, including stocks, bonds, and options. These reports are publicly available and can offer insights into investment strategies and trends.

One firm that filed its 13F report is Davidson Kempner Capital Management LP. In this article, we'll take a closer look at the changes in their holdings from Q3 2022 to Q4 2022.

One of the significant moves that Davidson Kempner Capital made was investing in Arko Corp, a convenience store chain, and Vistra Corp, a retail electricity provider. They did not have any shares of Arko in Q3 2022, but in the following quarter, the firm acquired 23,139,671 shares, valuing approximately $200,158. They also added 7,038,473 shares of Vistra Corp during Q4 2022, valued at $163,293.

Davidson Kempner Capital also invested in popular ETFs. The firm didn't hold any shares of the SPDR S&P 500 ETF or Select Sector SPDR TR ETFs during Q3 2022, but they purchased 399,000 shares of SPDR S&P 500 ETF, which has a market value of $152,589, and 289,641 shares of Select Sector SPDR TR ETF, a position valued at $25,335.

The report also shows a significant increase in the number of shares held by the firm for the Chinese company, JOYY Inc. In Q3 2022, they didn't hold any shares, and in the following quarter, the firm purchased 150,000,000 shares valued at $132,700.

Another notable move is the reduction of positions in companies such as Peloton Interactive Inc, Chegg Inc, and Walmart Inc. Davidson Kempner Capital sold 46,165,000 shares of Peloton Interactive, 30,000,000 shares of Chegg Inc, and 207,900 shares of Walmart Inc. The total value of these positions was $32,723, $23,532, and $29,478, respectively.

Going further, the report reveals other changes, including the purchase of shares in Qiagen NV, Ritchie Bros Auctioneers, and T-Mobile US Inc. The firm also made significant investments in various technology companies, including Cloudflare Inc, Akamai Technologies Inc, Splunk Inc, and Fastly Inc.

In conclusion, analyzing Davidson Kempner Capital Management LP's 13F filing for Q3 2022 and Q4 2022 allows us to see how they shifted their holdings over those three months. The changes to the firm's portfolio suggest a focus on a diverse range of sectors, including retail, energy, and technology. However, it remains to be seen how these investments will perform moving forward.