Profit Investment Management, LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Introduction:

Profit Investment Management, LLC is a leading investment management firm that manages various funds and portfolios. In this article, we will analyze the changes in the company's holdings during the first quarter (Q1) of 2023 compared to the second quarter (Q2) of 2023. The data provides valuable insights into the shifting landscape of investment holdings and can help investors make informed decisions.

Reliance Steel & Aluminum Co (RS):

During Q1 2023, Profit Investment Management, LLC held 32,504 shares of Reliance Steel & Aluminum Co. However, in Q2 2023, the number of shares reduced to 25,434, representing a decrease of 17.2%. The value of the holdings in Q1 2023 was $8,345,000, which decreased to $6,907,000 in Q2 2023.

Wesco International Inc (WCC):

Profit Investment Management, LLC's holdings in Wesco International Inc also witnessed a slight decrease from Q1 2023 to Q2 2023. The number of shares decreased from 40,057 to 38,497, indicating an 11.4% decrease. The value of the holdings, however, increased from $6,190,000 in Q1 2023 to $6,893,000 in Q2 2023.

Fair Isaac Corp (FICO):

In the case of Fair Isaac Corp, Profit Investment Management, LLC's holdings experienced a significant decrease from Q1 2023 to Q2 2023. The number of shares owned decreased from 9,477 to 6,866, representing a significant drop of 16.6%. The value of the holdings also decreased from $6,659,000 in Q1 2023 to $5,556,000 in Q2 2023.

MasTec Inc (MTZ):

Profit Investment Management, LLC's holdings in MasTec Inc remained relatively stable. The number of shares held decreased slightly from 49,508 to 46,579, indicating a 17.5% decrease. However, the value of the holdings increased from $4,675,000 in Q1 2023 to $5,494,000 in Q2 2023.

Crocs Inc (CROX):

Profit Investment Management, LLC's holdings in Crocs Inc remained almost unchanged during the analyzed period. The number of shares remained stable at 44,996 in both Q1 2023 and Q2 2023. However, the value of the holdings decreased from $5,689,000 in Q1 2023 to $5,044,000 in Q2 2023.

Other Holdings:

Profit Investment Management, LLC's holdings in other companies, such as Plexus Corp, Forward Air Corp, and Patterson Cos Inc, also experienced changes during the analyzed period. However, the overall trend indicates a mix of increases and decreases in the number of shares held and the value of the holdings.

Conclusion:

In conclusion, Profit Investment Management, LLC's 13F holdings comparison between Q1 2023 and Q2 2023 reveals a dynamic investment landscape. While some holdings experienced significant decreases, others remained stable or even showed slight increases. These changes can be indicative of the firm's investment strategy and market conditions. By analyzing such data, investors can gain valuable insights into the investment decisions made by leading firms like Profit Investment Management, LLC.