Sturgeon Ventures LLP Q1 2023 vs. Q2 2023 13F Holdings Comparison

Sturgeon Ventures LLP is a London-based investment management company that specializes in venture capital and private equity investments. As a registered investment advisor, the company is required to file a Form 13F with the Securities and Exchange Commission (SEC) on a quarterly basis. This form provides detailed information about the company's investment holdings, including the number of shares held, the value of the holdings, and any changes in the holdings from the previous quarter.

In this article, we will compare Sturgeon Ventures LLP's 13F holdings for the first quarter of 2023 (Q1 2023) with its holdings for the second quarter of 2023 (Q2 2023). We will analyze the changes in the company's holdings, identify any significant trends or movements, and discuss the potential implications for investors. Let's dive deeper into the data and explore the key findings.

META Platforms Inc (META):

One of the noteworthy holdings in Sturgeon Ventures LLP's portfolio is META Platforms Inc, a leading social media and technology company. In the Q1 2023, Sturgeon Ventures LLP held 38,212 shares of META Platforms Inc, with a total value of $8,098,000. However, in Q2 2023, the company slightly increased its holdings to 38,368 shares, with a total value of $11,010,000. This represents a 36% increase in the number of shares held and a significant 52.3% increase in the overall value of the holdings. This indicates that Sturgeon Ventures LLP has displayed confidence in the future potential of META Platforms Inc.

NVIDIA Corporation (NVDA):

Another key holding in Sturgeon Ventures LLP's portfolio is NVIDIA Corporation, a leading technology company that specializes in designing and manufacturing advanced graphics processing units (GPUs). In both Q1 2023 and Q2 2023, Sturgeon Ventures LLP held 22,362 shares of NVIDIA Corporation, with a total value of $6,211,000 in Q1 2023 and $9,459,000 in Q2 2023. Despite no change in the number of shares held, there has been a significant 52.3% increase in the value of the holdings. This suggests that Sturgeon Ventures LLP expects positive developments and growth prospects for NVIDIA Corporation in the coming months.

Microsoft Corporation (MSFT):

Sturgeon Ventures LLP also holds shares in Microsoft Corporation, one of the largest technology companies in the world. In both Q1 2023 and Q2 2023, the company held 22,236 shares of Microsoft Corporation, with a total value of $6,410,000 in Q1 2023 and $7,571,000 in Q2 2023. Although there has been no change in the number of shares held, there has been a moderate 18.1% increase in the overall value of the holdings. This indicates that Sturgeon Ventures LLP has a positive outlook on Microsoft Corporation and expects the company to continue performing well.

Apple Inc (AAPL):

Apple Inc, a multinational technology company renowned for its consumer electronics, software, and online services, is also among Sturgeon Ventures LLP's key holdings. In Q1 2023, Sturgeon Ventures LLP held 34,859 shares of Apple Inc, with a total value of $5,748,000. The company slightly increased its holdings to 35,058 shares in Q2 2023, with a total value of $6,800,000. This represents an 18.3% increase in the number of shares held and a significant 18.3% increase in the overall value of the holdings. Sturgeon Ventures LLP's continued investment in Apple Inc indicates its confidence in the company's ability to innovate and generate sustainable growth.

Fortinet Inc (FTNT):

Fortinet Inc, a global provider of network security solutions, is another notable holding in Sturgeon Ventures LLP's portfolio. In both Q1 2023 and Q2 2023, Sturgeon Ventures LLP held 83,015 shares of Fortinet Inc, with a total value of $5,517,000 in Q1 2023 and $6,275,000 in Q2 2023. There has been no change in the number of shares held, but there has been a 13.7% increase in the overall value of the holdings. This suggests that Sturgeon Ventures LLP believes in the long-term prospects of Fortinet Inc and the increasing demand for cybersecurity solutions.

Cintas Corporation (CTAS):

Cintas Corporation, a multinational corporation that provides specialized services such as uniform rental, first aid, and safety products, is also featured in Sturgeon Ventures LLP's holdings. In both Q1 2023 and Q2 2023, the company held 7,876 shares of Cintas Corporation, with a total value of $3,644,000 in Q1 2023 and $3,915,000 in Q2 2023. Although there has been no change in the number of shares held, there has been a 7.4% increase in the overall value of the holdings. This indicates Sturgeon Ventures LLP's confidence in the resilience and growth potential of Cintas Corporation.

SPDR S&P 500 ETF Trust (SPY):

One interesting observation in Sturgeon Ventures LLP's Q1 2023 vs. Q2 2023 holdings comparison is the significant decrease in the holdings of the SPDR S&P 500 ETF Trust. In Q1 2023, Sturgeon Ventures LLP held 15,472 shares of the ETF with a total value of $6,334,000. However, in Q2 2023, the company dramatically reduced its holdings to 8,444 shares, with a total value of $3,641,000. This represents a substantial 42.5% decrease in the number of shares held and a significant downturn of -42.5% in the overall value of the holdings. This decrease could suggest a shift in Sturgeon Ventures LLP's investment strategy or a reallocation of funds to other investment opportunities.

Conclusion:

In conclusion, the analysis of Sturgeon Ventures LLP's Q1 2023 vs. Q2 2023 holdings comparison provides valuable insights into the company's investment strategy and potential sentiments towards specific companies. While Sturgeon Ventures LLP increased its holdings in META Platforms Inc, NVIDIA Corporation, and Apple Inc, it maintained its positions in Microsoft Corporation, Fortinet Inc, and Cintas Corporation. Meanwhile, the significant decrease in holdings of the SPDR S&P 500 ETF Trust indicates a shift in Sturgeon Ventures LLP's investment allocation. These changes in holdings reflect the company's confidence in certain companies' future growth prospects and its active management approach. Investors can use this data as a reference to understand Sturgeon Ventures LLP's investment decisions and potentially identify investment opportunities aligned with the company's strategy.