Comparing Q3 to Q4 2022: Changes in Holdings of HS Management Partners, LLC

HS Management Partners, LLC, a well-known investment management firm, has recently disclosed its 13F holdings. These filings provide insights into the firm's portfolio changes from Q3 to Q4 2022. The stocks' value and the number of shares held by the firm have been adjusted, leading to some interesting changes.

One of the significant changes brought by the firm is the decrease in its stake in Ralph Lauren Corp (RL). The firm reduced its holdings by 3.5%, with 2014899 shares in Q3 compared to 1533259 in Q4. Another notable change was with Alphabet Inc. (GOOG), where the firm increased its holdings by 20.7%, holding 1319165 shares in Q3 and 1752797 shares in Q4.

In this article, we'll take a close look at the changes in the holdings of HS Management Partners, LLC, from Q3 to Q4 2022.

Williams Sonoma Inc (WSM):

The firm has increased its stake in Williams Sonoma Inc by 9.9%, holding 1250094 shares with a value of $144546 in Q4, compared to 1116419 shares with a value of $131570 in Q3. WSM stocks have been on the rise for the last year, and this increase in holding is a positive indicator from HS Management Partners, LLC.

United Parcel Service Inc (UPS):

HS Management Partners, LLC increased its stake in UPS by 8.8%. In Q3, the firm was holding 801582 shares with a value of $129488, and in Q4, they were holding 847172 shares with a value of $140891. UPS is a well-known courier and logistics company that saw a significant boost in their delivery volumes due to the pandemic, and this increase in holdings is indicative of a value proposition from HS Management Partners, LLC.

Microsoft Corp (MSFT):

HS Management Partners, LLC increased its stake in Microsoft Corp by 7.9%, holding 653598 shares with a value of $138999 in Q4, compared to 553271 shares with a value of $128857 in Q3. Microsoft is one of the biggest software companies globally, catering to both business-to-business and consumer markets with various products and services. The increase in holdings by the firm shows that HS Management Partners believe in the future of the company.

Meta Platforms Inc (META):

One of the significant changes in the fund's holdings is with META Platforms Inc (META). The firm had reduced its stake by 10.3%, holding 525411 shares with a value of $122291 in Q4, compared to 1004737 shares with a value of $136323 in Q3. META, previously Facebook, has seen massive growth in revenue over the years; however, they have faced regulatory challenges due to data security and data privacy concerns. Though the holdings reduction is an indicative negative signal, it may signify the firm's strategy to deploy capital elsewhere.

Lockheed Martin Corp (LMT):

HS Management Partners, LLC decreased its stake in Lockheed Martin Corp by 30.6%. In Q3, the firm was holding 344695 shares with a value of $133152, and in Q4, they were holding 216260 shares with a value of $92401. Lockheed Martin Corp is a well-known aerospace and defense company offering products and services to the US government and defense forces. The decrease in holding by HS Management Partners LLC may signify some high selling pressure or some need for capital for the firm's strategic objectives.

Conclusion:

The 13F filings of HS Management Partners, LLC indicate that the firm's portfolio underwent significant changes from Q3 to Q4 in 2022. The firm added new stocks to its holdings while trimming some of its existing positions. Although some holdings reduced, it does not necessarily signify that the firm has little faith in the performance of those companies in the long term. As a disclaimer, we need to note that 13F filings of firms are only a few weeks old, and depending on stock prices, the portfolios can have lots of configuration changes as the year 2023 progresses.