Chicago Capital Management, LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison: A Look Into the Latest Changes in Holdings

As the third quarter of 2022 ended, Chicago Capital Management, LLC made significant changes to their portfolio holdings. With some holdings being dropped while new ones were added, the Q4 2022 portfolio looks quite different. In this article, we'll look into the latest changes in holdings and what drove these decisions.

COUPA SOFTWARE INC (COUP)

In Q3, COUP was not in Chicago Capital Management, LLC's radar, and they held 0 shares. However, in Q4, they held 187,973 shares, worth $14,881,000. This addition to the portfolio shows the firm's confidence in the cloud-based platform that helps businesses manage their expenses. With COUP's recent impressive performance, it's no wonder the firm added it to its holdings.

STORE CAP CORP (STOR)

Another addition to the portfolio, STORE CAP CORP, reflects Chicago Capital Management, LLC's interests in the real estate sector. In Q3, they held 35,000 shares, worth $1,097,000, while in Q4, their position increased to 408,600 shares, worth $13,099,000. This addition shows the firm's positive outlook on the real estate sector's future and the strong performance expected from STOR.

IROBOT CORP (IRBT)

On the other hand, Chicago Capital Management, LLC reduced its holdings of iRobot Corp, a well-known home robotics company. They held 115,000 shares in Q3, worth $6,478,000, but by Q4, their position decreased to 115,000 shares worth $5,534,000. The reduction in positions might be due to the recent dip in iRobot's financial performance, making the firm rethink its decision to invest in the company.

PROFESSIONAL HLDG CORP (PFHD)

While iRobot's performance caused a decrease in position, the same can't be said for Professional Holding Corp (PFHD), where their position increased. In Q3, they held 372,418 shares, worth $9,661,000, and by Q4, their position increased to 383,140 shares worth $10,628,000. The increase could be due to PFHD's impressive Q3 2022 performance, which saw the company beat analysts' expectations.

Conclusion

Chicago Capital Management, LLC's Q3 2022 funds' changes show the firm's outlook on different sectors, the belief in companies' predicted growth and performance, and the need to reduce holdings in companies experiencing a dip in performance. As investors keep a close eye on the next financial year, it will be interesting to see if these changes continue, and more importantly, what drives the next decisions made concerning their holdings.