Pegasus Partners Ltd.'s Q4 2022 Holdings: A Closer Look at Changes Made and Investment Strategy

Investors who follow Pegasus Partners Ltd. will be keen to learn that the fund's holdings underwent several changes between Q3 2022 and Q4 2022. These changes are summarized in the CSV above, which lists various issuers and the changes in shares held by the fund, the associated values, and the percentage changes.

Overall, the fund significantly increased its holdings in Q4 2022, with a 25.1% increase in the number of shares held and the value of those shares rising to $94,553,000 as compared to $75,611,000 in Q3 2022. Let's take a closer look at the changes in the fund's holdings and what these changes might tell us about Pegasus Partners' investment strategy.

Top Holdings in Q4 2022

In Q4 2022, Pegasus Partners' top holdings were in the following companies:

- ITOT: Ishares TR

- IVV: Ishares TR

- IWR: Ishares TR

- VONV: Vanguard Scottsdale FDS

- SPY: SPDR S&P 500 ETF TR

Interestingly, three out of the top five holdings are in iShares TR funds. This suggests that Pegasus Partners has a significant interest in the broad-based US stock market. Specifically, the fund's top holdings show a preference for low-cost funds that track major indices such as the S&P 500. This approach is consistent with a passive investment strategy aiming to achieve broad market exposure.

Changes in Specific Companies

Let's now turn our attention to some of the specific companies that saw significant changes in holdings by Pegasus Partners.

Microsoft Corporation

Microsoft Corporation's holdings were reduced by 1.3%, with a decrease of 1,423 shares being sold, from 34,410 to 32,987 shares. However, the total value of these shares in the fund rose from $8,014,000 in Q3 to $7,910,000 in Q4. This suggests that Pegasus Partners has a long-term outlook on the tech giant, as it held on to its majority of shares despite the minor reduction made.

Visa Inc.

Pegasus Partners increased its holdings in Visa significantly, with the number of shares held rising from 15,781 to 15,776, and the share value increasing from $2,803,000 to $3,277,000. The increase in the value of Visa shares held by the fund demonstrates that Visa is an attractive investment for Pegasus Partners, likely due to the ongoing growth in the e-commerce industry.

Becton Dickinson and Co.

Pegasus Partners increased its holdings in Becton Dickinson and Co by 222 shares, taking the total number of shares held from 8,790 to 8,740. However, the value of shares decreased from $1,959,000 to $2,222,000. This suggests that Pegasus Partners is confident in the medical technology company's long-term growth potential despite the slight drop in the value of shares.

Amazon Inc.

The eCommerce behemoth Amazon Inc. saw a significant decrease in the number of shares held by Pegasus Partners, with a drop of 1,320 shares in Q4 from its Q3 holdings of 11,407 shares. This decrease equates to a fall of 11.6% in the number of shares held. Additionally, the value of the shares fell from $1,289,000 in Q3 to $847,000 in Q4, an even sharper decrease of 34.3%.

This decrease in holding could be due to the recent negative performance of the company or the fund could have needed to liquidate its position to meet its investors' redemption requests.

Final Thoughts

The changes in the fund's holdings suggest that Pegasus Partners has a focus on investing in low-cost funds and holding a well-diversified portfolio with exposure to various sectors. While there were some increases in the fund's holdings for specific companies, most of the significant changes originated from the buying or selling of shares in ETFs.

Investors should note that the holdings mentioned above only represent a small sample of the Pegasus Partners' holdings. We recommend investors take a closer look at the fund's quarterly holdings reports to get a better understanding of its investment strategy and make informed investment decisions.