SG Capital Management LLC Q3 2022 vs. Q4 2022: Analyzing the Fund's Changes in Holdings

The third and fourth quarters of the year 2022 were productive for some companies. This also reflects on the holdings of various investors, including SG Capital Management LLC. The boutique investment firm recently released its 13F holdings comparison report for the third and fourth quarters of 2022. The report shows a significant increase in the number of shares held by the firm for MCGRATH RENTCORP, IRIDIUM COMMUNICATIONS INC, and ASTEC INDS INC. On the other hand, the number of shares held in CALIX INC reduced by 58.5%. This blog post analyzes SG Capital Management LLC's Q3 2022 vs. Q4 2022 13F Holdings Comparison.

Introduction

SG Capital Management LLC is a boutique investment firm that manages numerous portfolios for its clients. Every quarter, the SEC requires institutional investment managers to report their equity holdings on Form 13F. An analysis of these holdings provides insights into the investment strategies of these managers. By analyzing SG Capital Management LLC's 13F holdings comparison report, it is possible to understand the recent changes in their portfolio.

Increase in Shares Held

SG Capital Management LLC increased its number of shares in MCGRATH RENTCORP from 221574 to 254099, an increase of 35%. The value of the holdings increased from $18.5 million to $25.1 million. It is notable that MCGRATH RENTCORP is a diversified business-to-business rental company that has consistently delivered strong results. Similarly, the number of shares held by SG Capital Management LLC in IRIDIUM COMMUNICATIONS INC increased from 0 to 171058, a significant increase that reflects the firm's confidence in the company's future prospects. ASTEC INDS INC also saw an increase in the number of shares held, from 0 to 178397.

Decrease in Shares Held

CALIX INC is an American global telecommunications equipment supplier. The number of shares held by SG Capital Management LLC decreased by 58.5% from 274774 to 101991. The value of the holdings also reduced from $16800 to $6979. This could be due to a change in SG Capital Management LLC's investment strategy or a lack of positive reception from investors. Critics suggest that the company has lost its strategic direction, leading to a loss of market share in the telecommunications industry.

Other Holdings

Other notable holdings during the period include PLANET FITNESS INC, which saw an increase in the number of shares held to 89371. VIPER ENERGY PARTNERS LP also had an increase in the number of shares held from 178021 to 178021, representing a 10.9% increase. In contrast, GRAND CANYON ED INC saw a decrease from 102042 to 45020, representing a 43.3% reduction.

Conclusion

In conclusion, SG Capital Management LLC's 13F holdings comparison report shows that the company increased its holdings for some companies and decreased them for others. The report reveals that the boutique investment firm is confident about the future of MCGRATH RENTCORP and IRIDIUM COMMUNICATIONS INC. However, CALIX INC's reduced investments have led to some concern about its future prospects. It is important to note that this report represents only part of SG Capital Management LLC's investments, and it is not an indication of the overall performance of the firm. Overall, the report provides valuable insights into the firm's investment strategy and can be used to guide other investors in assessing potential investment opportunities.