Analyzing Mesirow Financial's Q4 2022 vs. Q1 2023 13F Holdings: Which Stocks Changed and Why?

Mesirow Financial Investment Management, Inc. recently released its 13F form, disclosing the changes made in its holdings from Q4 2022 to Q1 2023. The report shows that Mesirow Financial increased its investments in some companies while reducing them in others. In this article, we'll analyze the changes in Mesirow Financial's holdings and discuss the reasons why they made these changes.

First, let's take a closer look at some of the companies that Mesirow Financial increased its investments in. Alphatec Holdings Inc. (ATEC) saw the biggest increase in Mesirow Financial's holdings, with an increase of 29.8%. ATEC is a medical device company that develops and markets spinal fusion technology. The increase in Mesirow Financial's investment can be attributed to ATEC's strong financial performance and promising future growth prospects.

Another company that Mesirow Financial invested more in is NerdWallet Inc. (NRDS), a personal finance website that provides users with financial advice and tools. Mesirow Financial increased its holdings in NRDS by 68.5%. The increase in investment can be attributed to NRDS's success in attracting a larger user base and generating revenue through its affiliate marketing program.

On the other hand, Mesirow Financial reduced its investments in some companies. One such company is Coastal Financial Corporation (CCB), a bank holding company that provides retail and commercial banking services. Mesirow Financial reduced its holdings in CCB by 23.7%. The reduction in investment can be attributed to CCB's underperformance compared to other financial institutions and concerns regarding its loan portfolio.

Another company that Mesirow Financial reduced its investments in is Old Second Bancorp Inc. (OSBC), a bank holding company that provides retail and commercial banking services. Mesirow Financial reduced its holdings in OSBC by 12.3%. The reduction can be attributed to concerns regarding the bank's loan portfolio and its non-performing assets.

In conclusion, Mesirow Financial made various changes to its holdings from Q4 2022 to Q1 2023. While they increased their investments in companies like Alphatec Holdings Inc. and NerdWallet Inc., they reduced their investments in Coastal Financial Corporation and Old Second Bancorp Inc. These changes are a reflection of Mesirow Financial's investment strategy, which involves investing in companies that have strong financial performance and future growth potential while reducing investments in companies with concerns regarding their loan portfolios or non-performing assets.