Warlander Asset Management, LP: A Detailed Analysis of Q2 2019 vs. Q3 2019 13F Holdings

Warlander Asset Management, LP is a well-known hedge fund that was established by Nathan Fischel in 2013. The fund focuses on equity and macro-economic investments using a global macro approach. In recent times, Warlander Asset Management, LP has attracted attention due to its holdings, which have been subject to some changes. In this article, we delve into the details of the Q2 2019 vs. Q3 2019 13F holdings comparison to better understand the changes that have occurred.

WABTEC CORP

WABTEC CORP is a well-known company in the transportation industry that provides products and services for railroads, freight cars, and transit systems globally. Warlander Asset Management, LP had no change in shares for WABTEC CORP in the Q2 2019 vs. Q3 2019 13F Holdings. The fund has maintained its hold on 1.3 million shares with a value of $93,418, showing stable investment in the company.

GLOBALSTAR INC

GLOBALSTAR INC is a leading provider of mobile satellite voice and data services. Warlander Asset Management, LP showed a decrease of 1.6% in its number of shares for GLOBALSTAR INC in the Q2 2019 vs. Q3 2019 13F holdings. The hedge fund previously held 42.9 million shares of the company valued at $20,621, which were later reduced to 42.9 million shares valued at $17,759 in the third quarter of 2019.

UNITED PARCEL SERVICE INC

UNITED PARCEL SERVICE INC, also known as UPS, is a global leader in logistics, offering a broad range of solutions, including the transportation of packages and freight. Warlander Asset Management, LP showed a 100% decrease in their shares for this particular company in the Q2 2019 vs. Q3 2019 13F holdings. The hedge fund previously held 625,000 shares of UPS, which were worth $64,544. However, they have since sold all of their shares, according to the Q3 2019 filings.

PG&E CORP

PG&E CORP is an energy-based holding company that provides natural gas and electric services mainly within California. Warlander Asset Management, LP showed a 100% decrease in its holding of PG&E CORP in the Q2 2019 vs. Q3 2019 13F holdings. The fund previously held 1,797,123 shares worth $41,190 but has since liquidated its holding in the company.

TENET HEALTHCARE CORP

TENET HEALTHCARE CORP is a reputable healthcare provider that operates hospitals, including acute-care hospitals, ambulatory surgery centers, and diagnostic imaging centers. Warlander Asset Management, LP showed a 100% decrease in its holding of TENET HEALTHCARE CORP in the Q2 2019 vs. Q3 2019 13F holdings. The fund previously held 125,000 shares valued at $2,583 but has since liquidated its holding in the company.

Conclusion

In conclusion, Warlander Asset Management, LP has shown varying levels of investment in five companies according to the Q2 2019 vs. Q3 2019 13F holdings. The hedge fund maintained its holdings for WABTEC CORP, reduced holdings for GLOBALSTAR INC, and completely liquidated their holdings for UPS, PG&E CORP, and TENET HEALTHCARE CORP. The reasoning behind these changes is unknown, but the Q4 2019 filing will reveal if these trends continue or if new companies are added to their portfolio.