The Rise and Fall of V3 Capital Management's Q3 and Q4 2022 13F Holdings

Investing in the stock market can be a rollercoaster ride, and the Q3 and Q4 2022 13F holdings of V3 Capital Management, L.P. are a perfect example. The hedge fund made some notable changes to its portfolio, with some holdings skyrocketing, while others plummeted. In this article, we will delve into the Q3 and Q4 2022 13F holdings of V3 Capital Management and analyze the major changes in its portfolio.

First up, we have American Homes 4 Rent (AMH), which was among the few Q3 holdings that saw an increase in shares. In Q4, V3 Capital Management increased its shares in AMH from 1,488,025 to 1,626,725, worth around $49 million. However, the percentage change was not very high, with just a 0.4% increase.

Moving on, we have Camden Property Trust (CPT), another Q3 holding that saw a considerable increase in shares. V3 Capital Management increased its CPT shares from 371,150 in Q3 to 422,750 in Q4, worth around $47 million. The percentage change was much higher in this case, with an increase of 6.7%.

Now let's talk about one of the biggest winners in V3 Capital Management's portfolio - Healthpeak Properties Inc (PEAK). The hedge fund increased its shares in PEAK by a whopping 51.3% from Q3 to Q4, with shares worth $28,749,000 to $43,483,000. This surge resulted in the stock making up around 8% of the fund's portfolio.

On the losing side, we have Apartment Income REIT Corp (AIRC). The hedge fund reduced its shares in AIRC from 1,125,603 in Q3 to 1,108,103 in Q4, a decrease of 12.5%. This move represented around $5 million and caused the stock to fall from being in the top 10 holdings to being outside the top 15.

Another holding that saw a decrease in shares was Healthcare Realty Trust (HR), with a 5% decrease from Q3 to Q4. The reduction in shares was because the stock underperformed during the Q4 period, resulting in a decrease in the hedge fund's position.

Finally, we have Equity Residential (EQR), AvalonBay Communities Inc (AVB), and JBG Smith Properties (JBGS), which were all removed from V3 Capital Management's portfolio in Q4. The most significant reduction of shares was in EQR, with V3 Capital Management selling all its shares worth around $35 million. This sudden move was surprising, considering that EQR was among the top 10 holdings in Q3.

In conclusion, V3 Capital Management re-shuffled its portfolio in Q4, with some holdings surging and others plummeting. Its decision to sell all its shares in EQR, AVB, and JBGS was unexpected and left many wondering about the hedge fund's next move. However, with a 13F report giving us only a glimpse of the fund's activities, it will be worth keeping an eye on its next moves.