Comparison of Mar Vista Investment Partners LLC Q3 2022 vs. Q4 2022 Holdings

The third and fourth quarters of 2022 saw Mar Vista Investment Partners LLC make significant changes to its holdings. The fund, which primarily invests in large-cap companies across various sectors, altered its positions in 49 companies. In this blog post, we will analyze these changes and explore the reasons behind them.

Microchip Technology Inc - Down by 6.5%

Mar Vista Investment Partners LLC held 1,761,676 shares of Microchip Technology Inc in Q3 2022, which dropped to 1,630,414 in Q4 2022. This represents a decline of 6.5%. Microchip Technology Inc is a leading semiconductor company, and the drop in shareholding is surprising, considering the bullish outlook for the semiconductor industry in the coming years.

Microsoft Corp - Down by 4.4%

Mar Vista Investment Partners LLC decreased its stake in Microsoft Corp by 4.4%, from 508,457 shares to 472,058 shares. Microsoft is one of the largest tech companies in the world, and its stock has been on a tear over the past few years. The Q3 to Q4 shareholding decline by Mar Vista is perplexing, as Microsoft's dominance in the technology sector is expected to continue in the coming years.

Markel Corp - Up by 13.6%

Mar Vista Investment Partners LLC increased its holdings in Markel Corp by 13.6%, from 89,876 shares to 84,057 shares. Markel Corp is a specialty insurance company that operates through multiple subsidiaries. This investment represents a forward-looking approach by Mar Vista, as the insurance industry is expected to grow in the coming years.

Transdigm Group Inc - Up by 11.9%

Mar Vista significantly increased its position in Transdigm Group Inc, augmenting its stake by 11.9%. The fund held 180,784 shares in Q3 2022, which rose to 168,595 shares in Q4 2022. Transdigm Group Inc is a supplier of engineered aircraft components and systems for commercial and military aircraft, and the company has been on a growth trajectory.

Schwab Charles Corp - Up by 8.5%

Mar Vista added to its stake in Schwab Charles Corp, increasing its position by 8.5%. The fund held 1,342,192 shares in Q3 2022, which rose to 1,257,004 shares in Q4 2022. Schwab Charles Corp offers a broad range of financial products, including banking, brokerage, and advisory services. This investment is consistent with Mar Vista's vision of stable, long-term growth.

Air Products & Chemicals Inc - Down by 14.5%

Mar Vista Investment Partners LLC sold a significant portion of its holdings in Air Products & Chemicals Inc, decreasing its position by 14.5%. The fund held 481,296 shares in Q3 2022, which dwindled to 310,633 shares in Q4 2022. Air Products & Chemicals is a leading industrial gases company, and the drop in shareholding is a notable reversal in Mar Vista's previous bullish outlook on the company.

Berkshire Hathaway Inc-CL B - Up by 8.3%

Mar Vista increased its stake in Berkshire Hathaway Inc-CL B by 8.3%, from 297,945 shares to 278,798 shares. Berkshire Hathaway, led by Warren Buffet, is one of the most successful investment firms in history, and this investment reflects Mar Vista's confidence in the company's continued success.

Apple Inc - Down 12.1%

Mar Vista Investment Partners LLC sold a considerable portion of its holdings in Apple Inc, decreasing its position by 12.1%. The fund held 688,536 shares in Q3 2022, which dropped to 643,796 shares in Q4 2022. Apple is one of the most significant tech companies globally, and this sell-off is a puzzling move by Mar Vista.

Adobe Inc - Up by 12%

Mar Vista Investment Partners LLC increased its stake in Adobe Inc by 12%, from 264,850 shares to 242,547 shares. Adobe is a leading software company that provides solutions for digital media and marketing. The investment in Adobe is consistent with Mar Vista's portfolio, as the company is well-positioned for future growth.

Amazon.com Inc - Down by 2.8%

Mar Vista sold a small portion of its holdings in Amazon.com Inc, decreasing its position by 2.8%. The fund held 739,452 shares in Q3 2022, which dropped to 966,561 shares in Q4 2022. Amazon is one of the most dominant e-commerce companies in the world, and the sell-off by Mar Vista is a curious move.

Conclusion

Mar Vista Investment Partners LLC made notable changes to its holdings in the third and fourth quarters of 2022. The fund sold off some of its position in tech giants such as Apple and Amazon, while increasing its stake in companies like Berkshire Hathaway and Markel Corp. These moves indicate a shift in focus by Mar Vista towards growth industries, such as insurance and financial services, while scaling back on some tech companies. It will be interesting to see how these investments perform, and whether Mar Vista's strategy for long-term growth pays off.