Congress Park Capital LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

The second and third quarter of 2023 showed some interesting changes in the holdings of Congress Park Capital LLC. In this blog post, we will analyze the changes in the top holdings of the fund during this period and explore the potential reasons behind these shifts.

1. QQQ - INVESCO QQQ TR:

- Q2 2023 (SHARES): 55,500

- Q3 2023 (SHARES): 50,000

- Q2 2023 VALUE ($000): 20,502

- Q3 2023 VALUE ($000): 17,913

- Chg %: -12.6%

The first holding on the list is INVESCO QQQ TR, an exchange-traded fund (ETF) that tracks the performance of the Nasdaq 100 Index. Congress Park Capital LLC reduced its holdings of QQQ by 5,500 shares, representing a 12.6% decrease in value. This reduction could indicate a shift in the fund's investment strategy or a change in market conditions.

2. BRK-B - BERKSHIRE HATHAWAY INC DEL:

- Q2 2023 (SHARES): 28,354

- Q3 2023 (SHARES): 26,735

- Q2 2023 VALUE ($000): 9,668

- Q3 2023 VALUE ($000): 9,365

- Chg %: -3.1%

The second holding, BERKSHIRE HATHAWAY INC DEL, also experienced a decrease in holdings. Congress Park Capital LLC reduced its shares by 1,619, resulting in a 3.1% decrease in value. The reason behind this reduction could be attributed to various factors, including market trends or the fund's assessment of the company's future prospects.

3. AAPL - APPLE INC:

- Q2 2023 (SHARES): 55,457

- Q3 2023 (SHARES): 54,136

- Q2 2023 VALUE ($000): 10,757

- Q3 2023 VALUE ($000): 9,268

- Chg %: -13.8%

Another notable change in holdings is Apple Inc., one of the largest technology companies in the world. Congress Park Capital LLC decreased its holdings in Apple by 1,321 shares, resulting in a 13.8% decrease in value. This reduction could be attributed to several factors, including the fund's reassessment of Apple's future growth prospects or the reallocation of funds to other opportunities.

4. GOOGL - ALPHABET INC:

- Q2 2023 (SHARES): 70,884

- Q3 2023 (SHARES): 70,599

- Q2 2023 VALUE ($000): 8,484

- Q3 2023 VALUE ($000): 9,238

- Chg %: 8.9%

Unlike the previous holdings, ALPHABET INC (Google) saw an increase in Congress Park Capital LLC's holdings. The fund increased its shares by 285, resulting in an 8.9% increase in value. This could indicate the fund's confidence in Google's future prospects or a positive outlook on the technology sector as a whole.

5. AMZN - AMAZON COM INC:

- Q2 2023 (SHARES): 66,590

- Q3 2023 (SHARES): 66,239

- Q2 2023 VALUE ($000): 8,680

- Q3 2023 VALUE ($000): 8,420

- Chg %: -3%

Amazon, one of the largest e-commerce and cloud computing companies globally, experienced a slight decrease in holdings by Congress Park Capital LLC. The fund reduced its shares by 351, resulting in a 3% decrease in value. This change could be driven by market conditions, the fund's assessment of Amazon's growth prospects, or other factors influencing its investment decisions.

These are just a few examples of the changes in Congress Park Capital LLC's top holdings during the second and third quarter of 2023. It's essential to note that these changes represent a dynamic investment landscape, where fund managers must continuously evaluate and adjust their portfolios based on market conditions, industry trends, and individual company performance. Investors should always conduct thorough research and consult with their financial advisors before making any investment decisions.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be considered as financial advice. The data mentioned above is based on publicly available information from the 13F filings and may not reflect the current holdings of Congress Park Capital LLC.