Chicago Capital, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Chicago Capital, LLC is a renowned investment management firm located in the heart of Chicago. They recently released their quarterly 13F holdings report, which details their investments and changes in holdings from Q2 2023 to Q3 2023. In this blog post, we will analyze the key changes in their portfolio and the implications for the market.

DYNAVAX TECHNOLOGIES CORP (DVAX):

One of the notable changes in Chicago Capital's portfolio is the slight decrease in their holdings of Dynavax Technologies Corp. In Q2 2023, they held 5,810,468 shares, which decreased to 5,791,735 shares in Q3 2023. While the decrease may seem insignificant, it represents a shift in their investment strategy. Despite this change, their investment in Dynavax Technologies Corp still holds significant value, with the Q3 2023 value amounting to $85,543,000.

VISA INC (V):

Chicago Capital maintained a stable position in Visa Inc, with no significant change in their holdings. This demonstrates their confidence in the financial services giant, as they held 362,270 shares in both Q2 and Q3 2023. The value of their investment also remained steady at $83,328,000.

APPLE INC (AAPL):

Apple Inc is a tech giant that consistently attracts the attention of investors. However, Chicago Capital slightly reduced their holdings in the company from 464,629 shares in Q2 2023 to 462,429 shares in Q3 2023. This decrease aligns with the broader market trend, as Apple faced some volatility during this period. The Q3 2023 value of Chicago Capital's investment in Apple amounted to $79,172,000.

ALPHABET INC (GOOGL):

Chicago Capital maintained a stable position in Alphabet Inc, the parent company of Google. They held 599,573 shares in Q2 2023, which decreased slightly to 598,973 shares in Q3 2023. The Q3 2023 value of their investment in Alphabet Inc stood at $78,381,000. This demonstrates their confidence in the tech giant, despite the minor decrease in their holdings.

FAIR ISAAC CORP (FICO):

In the case of Fair Isaac Corp, Chicago Capital had a slight decrease in their holdings. Their share count decreased from 82,717 shares in Q2 2023 to 81,831 shares in Q3 2023. However, the value of their investment increased from $66,935,000 in Q2 to $71,072,000 in Q3. This indicates that Chicago Capital is optimistic about the future prospects of Fair Isaac Corp.

COSTAR GROUP INC (CSGP):

Chicago Capital made a notable decrease in their holdings of CoStar Group Inc. From 920,305 shares in Q2 2023, their holdings decreased to 917,883 shares in Q3 2023. The decrease can be attributed to various factors, including changes in market conditions or the firm's investment strategy. The Q3 2023 value of their investment amounted to $70,576,000.

INTUIT INC (INTU):

Chicago Capital slightly reduced their holdings in Intuit Inc, a leading financial software company. Their holdings decreased from 136,150 shares in Q2 2023 to 136,115 shares in Q3 2023. Despite the decrease, the value of their investment increased from $62,382,000 in Q2 to $69,546,000 in Q3. This signifies their confidence in the long-term prospects of Intuit Inc.

PROGRESSIVE CORP (PGR):

In the case of Progressive Corp, Chicago Capital witnessed a slight increase in their holdings. Their share count increased from 481,773 shares in Q2 2023 to 486,920 shares in Q3 2023. The Q3 2023 value of their investment amounted to $67,827,000. This indicates that Chicago Capital sees potential in the insurance company.

META PLATFORMS INC (META):

Chicago Capital maintained a stable position in Meta Platforms Inc, formerly known as Facebook. They held 217,483 shares in Q2 2023, which decreased slightly to 217,338 shares in Q3 2023. The value of their investment also decreased from $62,413,000 in Q2 to $65,246,000 in Q3. This indicates that Chicago Capital is closely monitoring the company amidst the changing regulatory landscape.

INTERCONTINENTAL EXCHANGE INC (ICE):

Chicago Capital saw a slight decrease in their holdings of Intercontinental Exchange Inc. Their share count decreased from 569,888 shares in Q2 2023 to 568,492 shares in Q3 2023. The Q3 2023 value of their investment amounted to $62,545,000. This minor decrease may indicate a shift in their investment strategy or market conditions at the time.

LITHIA MOTORS INC (LAD):

Chicago Capital witnessed a slight decrease in their holdings of Lithia Motors Inc. From 212,169 shares in Q2 2023, their holdings decreased to 209,522 shares in Q3 2023. The Q3 2023 value of their investment amounted to $61,878,000. This decrease may reflect their evaluation of the company's performance and prospects.

These are just some of the key changes in Chicago Capital's portfolio. It is evident that they are actively managing their investments and adapting to market conditions. As an investor, it is essential to closely monitor such changes to gain insights into their investment strategy and identify potential opportunities in the market.