Cramer Rosenthal Mcglynn LLC Q3 2022 vs. Q4 2022: Top Fund Holdings Shake Up

The latest 13F holdings report from Cramer Rosenthal Mcglynn LLC reveals some significant shifts in the fund's top stock picks. Upon comparing the Q3 2022 and Q4 2022 data, it's apparent that the fund managers have made some aggressive moves to diversify their portfolio and capitalize on emerging growth opportunities. This blog post will explore some of the key highlights from the report and shed light on the factors driving these changes.

One of the most notable shifts in CRMC's portfolio is the reduced stake of ChampionX Corp (CHX), a holding that has been a top pick since Q1 2020. The fund sold off 269,203 shares of CHX, a reduction of over 9%, reducing its value from $56.4 million to $75.7 million. Environmental solution provider Envista Holdings (NVST) is now the top holding after adding over 30% more shares during the quarter. CRMC added 308,876 shares of NVST to bring the total value of the holding to $65.6 million.

Another significant shift is how CRMC has increased its stake in Burlington Stores Inc (BURL). The discount retailer saw its share price soar by more than 50% during the quarter and has become a favorite among investors. CRMC increased its stake by over 25%, adding more than 53,000 shares and bringing the value of the holding to $52.6 million. The fund also bolstered its positions in clean energy provider Envestnet Inc (ENV) and real estate investment trust Equity Commonwealth (EQC), adding 22% and 98%, respectively.

However, not all of the holdings were increased during the quarter. Kirby Corporation (KEX), a marine transportation provider, still remains a top holding but saw a decline of around 3.8% in its value. This decrease is likely due to the company's Q3 2022 earnings report where it missed earnings estimates and delayed the resumption of its dividend program. Another holding that saw a decline in value in the CRMC portfolio is Lamb Weston Holdings Inc (LW).

The report shows a few new positions where CRMC entered during Q4 2022. Notably, the fund established new positions in Tenable Holdings Inc (TENB) and Terreno Realty Corp Com (TRNO), investing $34,636 and $21,002, respectively. On the other hand, it eliminated positions in First Republic Bank (FRC), Simply Good Foods Company (SMPL), and Regal Rexnord Corp (RRX).

In Conclusion, CRMC's Q3 2022 vs. Q4 2022 13F holdings report displays a range of strategic moves made to expand its portfolio and capitalize on emerging growth opportunities. The report shows that the fund managers are flexible and agile, closely tracking market trends and adjusting their strategies accordingly. Investors looking to replicate the performance of CRMC must keep an eye on the company's core holdings and closely monitor any changes made to their positions.