Contrarius Investment Management Ltd's Q2 2022 13F: 6 new positions, 9 exits
Form 13F-HR for the quarter ended Jun 30, 2022 · filed Aug 12, 2022 · 51 reported positions · accession 0001387131-22-008723
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | ALPHA METALLURGICAL RESOUR I (AMR) | 4.8% | 1.4% | −3.4 pts | −620K sh | −78% |
| New | PENN NATL GAMING INC (PENN) | — | 4.9% | +4.9 pts | +2.49M sh | new |
| New | UBER TECHNOLOGIES INC (UBER) | — | 4.8% | +4.8 pts | +3.65M sh | new |
| New | DRAFTKINGS INC NEW (DKNG) | — | 4.5% | +4.5 pts | +5.92M sh | new |
| Increased | EQT CORP (EQT) | 0.6% | 5.1% | +4.5 pts | +1.91M sh | +515% |
| New |
WARNER BROS DISCOVERY INC (WBD)
new — newly listed security (e.g. spin-off)
|
— | 4.2% | +4.2 pts | +4.86M sh | new |
| Reduced | MOSAIC CO NEW (MOS) | 6.1% | 2.0% | −4.1 pts | −1.34M sh | −67% |
| Reduced | CENOVUS ENERGY INC (CVE) | 3.6% | 1.9% | −1.7 pts | −3.21M sh | −67% |
| Reduced | ARCH RESOURCES INC (ARCH) | 3.7% | 1.6% | −2.1 pts | −412K sh | −70% |
| Exited | DISCOVERY INC (DISCK) | 3.5% | — | −3.5 pts | −3.09M sh | −100% |
| Increased | DIAMOND OFFSHORE DRILLING IN (DO) | 0.0% | 3.4% | +3.4 pts | +8.91M sh | +9573% |
| Reduced | TECK RESOURCES LTD (TECK) | 8.0% | 5.5% | −2.4 pts | −1.51M sh | −35% |
| Reduced | CLEVELAND-CLIFFS INC NEW (CLF) | 4.5% | 1.1% | −3.4 pts | −1.98M sh | −65% |
| Reduced | SCRIPPS E W CO OHIO (SSP) | 3.6% | 1.1% | −2.4 pts | −2.36M sh | −63% |
| Reduced | FOX CORP (FOX) | 3.1% | 1.8% | −1.3 pts | −947K sh | −51% |
| Increased | SABRE CORP (SABR) | 0.1% | 1.2% | +1.1 pts | +3M sh | +1202% |
| Exited | EXPRESS INC (EXPRXXXX) | 1.0% | — | −1.0 pts | −6.31M sh | −100% |
| Reduced | LIONS GATE ENTMNT CORP (LGFB) | 1.5% | 0.3% | −1.2 pts | −1.67M sh | −76% |
| Increased | COINBASE GLOBAL INC (COIN) | 2.8% | 1.9% | −0.9 pts | +293K sh | +92% |
| Increased | PARAMOUNT GLOBAL (PARA) | 5.6% | 6.0% | +0.4 pts | +503K sh | +15% |
| Exited | CANOPY GROWTH CORP (CGC) | 0.7% | — | −0.7 pts | −2.08M sh | −100% |
| Reduced | AMC NETWORKS INC (AMCX) | 1.9% | 1.3% | −0.7 pts | −359K sh | −34% |
| Increased | RANGE RES CORP (RRC) | 4.6% | 5.9% | +1.3 pts | +367K sh | +11% |
| Exited | ABERCROMBIE & FITCH CO (ANF) | 0.5% | — | −0.5 pts | −309K sh | −100% |
| Reduced | PETROLEO BRASILEIRO SA PETRO (PBR) | 1.5% | 1.3% | −0.3 pts | −593K sh | −26% |
| Exited | CHICOS FAS INC (CHS) | 0.4% | — | −0.4 pts | −2M sh | −100% |
| Reduced | NOV INC (NOV) | 0.6% | 0.3% | −0.3 pts | −396K sh | −59% |
| Reduced | AUDACY INC (AUDA) | 1.6% | 0.4% | −1.2 pts | −5.37M sh | −44% |
| Reduced | BORR DRILLING LTD (BORR) | 0.2% | 0.1% | −0.1 pts | −1.12M sh | −86% |
| Reduced | NUTRIEN LTD (NTR) | 1.3% | 1.1% | −0.2 pts | −61,494 sh | −22% |
| New | OCEANEERING INTL INC (OII) | — | 0.3% | +0.3 pts | +457K sh | new |
| Increased | TRANSOCEAN LTD (RIG) | 4.5% | 5.0% | +0.4 pts | +1.44M sh | +7% |
| New | ALPHABET INC (GOOGL) | — | 0.3% | +0.3 pts | +2,190 sh | new |
| Exited | MACYS INC (M) | 0.3% | — | −0.3 pts | −260K sh | −100% |
| Increased | OVINTIV INC (OVV) | 5.9% | 7.1% | +1.2 pts | +89,556 sh | +4% |
| Increased | SINCLAIR BROADCAST GROUP INC (SBGI) | 5.4% | 5.8% | +0.4 pts | +193K sh | +5% |
| Exited | VMWARE INC (VMW) | 0.2% | — | −0.2 pts | −45,770 sh | −100% |
| Reduced | VALARIS LIMITED (VAL) | 5.7% | 6.3% | +0.6 pts | −84,422 sh | −4% |
| Reduced | PAN AMERN SILVER CORP (PAAS) | 0.8% | 0.6% | −0.2 pts | −173K sh | −27% |
| Exited | BED BATH & BEYOND INC (BBBYQ) | 0.2% | — | −0.2 pts | −200K sh | −100% |
| New | BALLYS CORPORATION (BALY) | — | 0.2% | +0.2 pts | +137K sh | new |
| Exited | KINROSS GOLD CORP (KGC) | 0.1% | — | −0.1 pts | −385K sh | −100% |
| Reduced | FOSSIL GROUP INC (FOSL) | 0.6% | 0.4% | −0.2 pts | −262K sh | −19% |
| Reduced | PROGRESSIVE CORP (PGR) | 0.4% | 0.6% | +0.1 pts | −9,504 sh | −11% |
| Reduced | NOBLE CORP NEW (NE) | 4.3% | 4.3% | 0.0 pts | −41,114 sh | −2% |
| Increased | AMAZON COM INC (AMZN) | 0.2% | 0.2% | 0.0 pts | +5,261 sh | +17% |
| Reduced | BARRICK GOLD CORP (ABX) | 0.4% | 0.4% | 0.0 pts | −25,813 sh | −8% |
| Increased | DISNEY WALT CO (DIS) | 0.2% | 0.3% | 0.0 pts | +4,165 sh | +11% |
| Reduced | META PLATFORMS INC (META) | 0.7% | 0.7% | 0.0 pts | −2,183 sh | −3% |
| Reduced | SNAP ON INC (SNA) | 0.2% | 0.3% | +0.1 pts | −1,741 sh | −8% |
The 50 largest of 60 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 56.4% of the equity book
Changes in the top 10 this quarter: EQT entered · PENN entered · UBER entered · MOS left · AMR left · CLF left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | OVINTIV INC (OVV) | 5.9% | 7.1% | |
| 2 | VALARIS LIMITED (VAL) | 5.7% | 6.3% | |
| 3 | PARAMOUNT GLOBAL (PARA) | 5.6% | 6.0% | |
| 4 | RANGE RES CORP (RRC) | 4.6% | 5.9% | |
| 5 | SINCLAIR BROADCAST GROUP INC (SBGI) | 5.4% | 5.8% | |
| 6 | TECK RESOURCES LTD (TECK) | 8.0% | 5.5% | |
| 7 | EQT CORP (EQT) | 0.6% | 5.1% | Entered the top 10 |
| 8 | TRANSOCEAN LTD (RIG) | 4.5% | 5.0% | |
| 9 | PENN NATL GAMING INC (PENN) | 0.0% | 4.9% | Entered the top 10 |
| 10 | UBER TECHNOLOGIES INC (UBER) | 0.0% | 4.8% | Entered the top 10 |
| — | MOSAIC CO NEW (MOS) | 6.1% | 2.0% | Left the top 10 |
| — | ALPHA METALLURGICAL RESOUR I (AMR) | 4.8% | 1.4% | Left the top 10 |
| — | CLEVELAND-CLIFFS INC NEW (CLF) | 4.5% | 1.1% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).