Wl Ross & Co LLC slashes International Seaways holdings by over 50%

Investment management is one of the most challenging and dynamic fields that require a great deal of expertise and patience. Every investment manager strives to maximize returns and minimize risks while ensuring that the investments align with the clients' financial goals. A crucial part of this process is understanding changes in holdings and strategizing accordingly.

Wl Ross & Co LLC is one of the investment management firms in the United States that has been in business since 2000. The firm’s founder, Wilbur Ross, is a prominent investor with years of experience in the industry. In this blog post, we will analyze the changes in holdings of Wl Ross & Co LLC between Q3 2021 and Q4 2021, focusing on International Seaways.

International Seaways is a shipping company that primarily transports crude oil and petroleum products worldwide. The company has a market capitalization of $729.14 million and operates a fleet of 36 vessels. According to the 13F filings, Wl Ross & Co LLC owned 4,950,646 shares of International Seaways in Q3 2021, valued at $90,201,000. However, in Q4 2021, the company sold 2,661,569 shares of International Seaways, resulting in a decrease of over 50% in their holdings.

The Q4 2021 13F filing reveals that Wl Ross & Co LLC holds 2,741,077 shares of International Seaways, valued at $40,239,000. The value of their holdings has also decreased by over 50%, from $90,201,000 in Q3 2021 to $40,239,000 in Q4 2021. This indicates a noteworthy change in the investment strategy of Wl Ross & Co LLC.

Many factors could influence why Wl Ross & Co LLC slashed its holdings of International Seaways. First, the company's financial performance might not have met expectations, prompting Wl Ross & Co LLC to divest. Secondly, sector-specific developments in the shipping industry might have caused Wl Ross & Co LLC to rethink its investment priorities. Lastly, Wl Ross & Co LLC might have found other investment opportunities with more potential than International Seaways.

In conclusion, a change in investment management strategy isn't uncommon for institutional investors like Wl Ross & Co LLC. Slashing its holdings of International Seaways by 50% between Q3 2021 and Q4 2021 might have been a smart move for the investment firm, considering the specific circumstances of the shipping industry. Investment managers always have to evaluate their investment strategies continually, and this case is no different.