Sitrin Capital Management LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

As the first quarter of 2023 comes to a close, it's time for investors to analyze how Sitrin Capital Management LLC's holdings have changed since the end of 2022. The latest 13F filings from the firm reveal some interesting trends in its investments in various companies across sectors. In this article, we'll take a closer look at the changes in holdings and their implications for the future.

Firstly, let's examine the companies in which the firm reduced its holdings. One of the most significant decreases was in the holdings of Schlumberger LTD (SLB). Sitrin Capital Management LLC held 134,004 shares of the company at the end of Q4 2022, which decreased to 133,065 shares by the end of Q1 2023. This is a reduction of 8.8%, which is worth $6301 thousand. The decline in holdings can be attributed to the uncertainties surrounding the oil and gas industry, given the ongoing pandemic and global economic slowdown.

Next, we'll look at the companies in which the firm increased its holdings. One of the most notable increases was in the shares of NVIDIA Corporation (NVDA). The firm's holdings of NVDA went up from 28,439 shares in Q4 2022 to 28,234 shares by the end of Q1 2023. This is an increase of 88.7% and is worth $7842 thousand. The growth can be attributed to the increasing demand for NVIDIA's graphics processing units (GPUs) and its partnerships with leading tech giants like Microsoft and Amazon.

Another company in which the firm increased its holdings was Apple Inc (AAPL). The firm's holdings of AAPL went up from 35,257 shares in Q4 2022 to 35,015 shares in Q1 2023. This is an increase of 26% and is worth $5,773 thousand. The rise in holdings can be attributed to the optimistic outlook on the company's growth prospects, as Apple continues to launch new products and expand its services offerings.

In addition to these changes, there were several companies in which the firm's holdings remained relatively stable. These include Visa Inc (V), Walmart Inc (WMT), Starbucks Corp (SBUX), Waste Mgmt Inc (WM), and Comcast Corp (CMCSA). The stability in holdings suggests that Sitrin Capital Management LLC is confident in these companies' long-term growth prospects, despite short-term fluctuations in their stock prices.

On the other hand, there were a few companies in which the firm completely sold out of its holdings. American International Group Inc (AIG) is one such company, in which the firm held 0 shares at the end of Q4 2022. However, the firm added Regency Ctrs Corp (REG) to its portfolio, holding 72,210 shares by the end of Q1 2023.

In conclusion, Sitrin Capital Management LLC's 13F filings for Q4 2022 and Q1 2023 reveal several changes in holdings across sectors and companies. While the firm decreased its holdings in some companies due to uncertainties and risks, it increased holdings in other companies with promising growth prospects. The stability in holdings of other companies suggests that the firm is confident in their long-term performance. These changes in holdings give investors insights into the firm's investment strategy and could guide them in making informed decisions in the future.