Legato Capital Management LLC Increases Holdings in Apple, Microsoft, and Broadcom while Reducing Holdings in NetApp in Q4 2022.

In recent months, Legato Capital Management LLC has made some notable changes to their holdings. According to their Q3 2022 and Q4 2022 13F holdings comparison, published in a CSV format, Legato has increased its position in several companies while also trimming its holdings in others.

Apple Inc. (AAPL) is perhaps one of the biggest winners in Legato's portfolio. Their shares in the company increased by a remarkable 70.4% from Q3 2022 to Q4 2022, rising from 46,336 shares to 79,003 shares. Their stake in the company is now valued at $10,264,000, up from $6,404,000. This change represents a significant increase in their position in the tech giant and highlights the company's continued growth and significance in the market.

Another major holding that saw an increase in shares is Microsoft Corp. (MSFT), with Legato adding 3,013 shares to their position, a 11.8% increase from Q3 to Q4 2022. Their position in the company is now valued at $6,853,000, up from $5,954,000. This data suggests that Legato believes in the long-term prospects of Microsoft as it continues to be one of the biggest players in the tech industry and expands into new areas like cloud computing.

Broadcom Inc. (AVGO), is another significant position in Legato's portfolio. Although they had no shares in the company in Q3 2022, their holdings increased to 10,770 shares worth approximately $6,021,000. This jump may indicate that Legato sees long-term potential in the semiconductor maker, which boasts a portfolio of products that serve the wireless communications, enterprise storage, and industrial sectors.

The holdings of Conocophillips (COP) were reduced to 30,063 shares from none in Q3 2022, representing a substantial increase in value from $0 to $3,547,000. This move could suggest than Legato has a bullish outlook on the oil and gas sector despite its recent struggles, or that they see an opportunity in the company specifically.

One company that saw a sharp drop in their holdings is NetApp Inc. (NTAP), a data storage management company. Legato's shares in the company fell by almost 50% from 61,800 in Q3 2022 to 32,904 in Q4 2022. The value of their position also dropped significantly, falling from $3,822,000 to $1,976,000. This reduction in holdings may indicate that Legato is losing confidence in NetApp's long-term potential or that they are reallocating their resources to focus on other opportunities.

Insulet Corp. (PODD) and Intuitive Surgical Inc. (ISRG) also saw a significant fall in their holdings with Legato reducing their positions by 100% and 1000% respectively. This reduction in holdings suggests that Legato may have realized their profits and exited their positions in these companies, or that they determined there was no longer a compelling reason to hold these positions.

Facebook Inc. (META) is one of the companies that experienced the most significant percentage increase in their position, with Legato adding 8,115 shares to their position, a 100% increase from Q3 2022 to Q4 2022. The value of their stake in the company also rose from $1,107,000 to $1,958,000, signaling that Legato sees the social media giant as a company with significant room for growth.

Overall, Legato Capital Management LLC has made some interesting changes to its holdings in Q4 2022. While some may view these shifts as reflecting a bullish or bearish outlook on certain sectors, it's important to remember that these portfolio changes may reflect varied strategies and goals. Moreover, considering the unpredictability of the financial market, it may be difficult to determine the precise reasons behind each move. However, these changes in holdings reflect the ongoing evolution of Legato's investment strategy, and it will be interesting to see how they perform in the coming quarters.