Penbrook Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Penbrook Management LLC is a prominent investment management firm that recently released its Q1 2023 and Q2 2023 13F Holdings comparison report. The report provides insights into the changes in the fund's holdings during the mentioned periods. Let's delve into the data and analyze the notable shifts in Penbrook Management's portfolio.

1. NOVO-NORDISK A S ADR (NVO):

- Q1 2023 (SHARES): 159,200

- Q2 2023 (SHARES): 158,600

- Q1 2023 VALUE ($000): 25,335

- Q2 2023 VALUE ($000): 25,666

- Percentage Change: 1.3%

Penbrook Management's investment in Novo-Nordisk A S ADR remained relatively stable, with a minor decrease of 1.3% in shares.

2. MICROSOFT CORP (MSFT):

- Q1 2023 (SHARES): 29,408

- Q2 2023 (SHARES): 29,073

- Q1 2023 VALUE ($000): 8,478

- Q2 2023 VALUE ($000): 9,900

- Percentage Change: 16.8%

Penbrook Management increased its stake in Microsoft Corp by 16.8%, reflecting confidence in the company's growth prospects.

3. AXCELIS TECHNOLOGIES INC (ACLS):

- Q1 2023 (SHARES): 47,310

- Q2 2023 (SHARES): 44,625

- Q1 2023 VALUE ($000): 6,304

- Q2 2023 VALUE ($000): 8,181

- Percentage Change: 29.8%

Penbrook Management significantly reduced its holdings in Axcelis Technologies Inc by 29.8%, indicating a shift in investment strategy.

4. AMAZON COM INC (AMZN):

- Q1 2023 (SHARES): 50,580

- Q2 2023 (SHARES): 50,580

- Q1 2023 VALUE ($000): 5,224

- Q2 2023 VALUE ($000): 6,593

- Percentage Change: 26.2%

Penbrook Management maintained its position in Amazon Com Inc, not making any significant changes to its holdings.

5. MOODYS CORP (MCO):

- Q1 2023 (SHARES): 13,750

- Q2 2023 (SHARES): 13,750

- Q1 2023 VALUE ($000): 4,207

- Q2 2023 VALUE ($000): 4,781

- Percentage Change: 13.6%

Penbrook Management held its investment in Moody's Corp steady, with no noteworthy changes in shares or value.

6. THOMSON REUTERS CORP:

- Q1 2023 (SHARES): 0

- Q2 2023 (SHARES): 25,836

- Q1 2023 VALUE ($000): 0

- Q2 2023 VALUE ($000): 3,492

- Percentage Change: N/A

Interestingly, Penbrook Management initiated a new position in Thomson Reuters Corp during Q2 2023, acquiring 25,836 shares worth $3,492, highlighting emerging investment opportunities.

7. CRESCENT PT ENERGY CORP (CPG.TO):

- Q1 2023 (SHARES): 493,785

- Q2 2023 (SHARES): 493,785

- Q1 2023 VALUE ($000): 3,481

- Q2 2023 VALUE ($000): 3,328

- Percentage Change: -4.4%

Penbrook Management maintained its holdings in Crescent Pt Energy Corp, with a minor decrease of 4.4% in value, likely reflecting market fluctuations.

8. PHOTRONICS INC (PLAB):

- Q1 2023 (SHARES): 124,400

- Q2 2023 (SHARES): 122,400

- Q1 2023 VALUE ($000): 2,062

- Q2 2023 VALUE ($000): 3,156

- Percentage Change: 53%

Penbrook Management reduced its position in Photronics Inc by 53%, possibly reallocating capital to other investments.

9. ALPHABET INC CAP STK CL C (GOOG):

- Q1 2023 (SHARES): 25,920

- Q2 2023 (SHARES): 25,920

- Q1 2023 VALUE ($000): 2,695

- Q2 2023 VALUE ($000): 3,135

- Percentage Change: 16.3%

Penbrook Management maintained its investment in Alphabet Inc with no noteworthy changes in shares or value.

10. VERMILION ENERGY INC (VET.TO):

- Q1 2023 (SHARES): 180,750

- Q2 2023 (SHARES): 245,950

- Q1 2023 VALUE ($000): 2,341

- Q2 2023 VALUE ($000): 3,070

- Percentage Change: 31.1%

Penbrook Management significantly increased its holding in Vermilion Energy Inc by 31.1%, indicating bullish sentiment toward the company's prospects.

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In conclusion, Penbrook Management's Q1 2023 vs. Q2 2023 13F Holdings comparison demonstrates various portfolio adjustments during the mentioned period. While some positions remained stable or experienced minor fluctuations, others saw significant changes, reflecting the firm's dynamic investment strategy. Investors and market analysts can utilize this information to gain valuable insights into Penbrook Management's investment approach and potentially make informed investment decisions.