Sturgeon Ventures LLP Q4 2022 vs. Q1 2023: Analyzing 13F Holdings Shifts in Top Companies

Investors need to track the changes in the holdings of financial institutions and investment managers that manage more than $100m in assets. Form 13F provides a quarterly report of equities held, the number of shares, and their value. Sturgeon Ventures LLP is among the famous hedge funds that file this form. The fourth quarter of 2022 and the first quarter of 2023 brought about significant changes to the fund's holdings, with the shares of some companies being bought while others were sold.

In this article, we'll delve into how Sturgeon Ventures LLP adjusted its positions in various companies from Q4 of 2022 to Q1 of 2023. We'll examine the fund's top holdings and see why they made the moves they made.

Snapshot of Sturgeon Ventures LLP's Q4 2022 and Q1 2023 Holdings Comparison

The information presented in this section of the article is from the 13F SEC filings for Sturgeon Ventures LLP's Q4 2022 and Q1 2023. The data shows how the fund's holdings in different companies changed between the quarters.

The fund sold all its shares in Booking Holdings Inc. during Q1 2023, while it had no shares in the company during Q4 2022. The value of these shares at the time of sale, according to the Q1 2023 filing, was $2952, an indication that the fund made a tidy profit as there was zero value of these shares during Q4 2022.

Sturgeon Ventures LLP added shares in Meta Platforms Inc. and Microchip Technology Inc. to its portfolio in Q1 2023 after having no shares in the two companies in Q4 2022. The value of the shares rose by 465.5% and 2849%, respectively.

The positions in Microsoft Corp. and NVIDIA Corporation experienced a significant shift from Q4 2022 to Q1 2023. The value of shares of Microsoft Corp. increased by 19.3%, while NVIDIA Corporation recorded a massive 114.4% increase in value. The fund held fewer shares in both companies in Q1 2023 than it did in Q4 2022.

Fortinet Inc., Cintas Corp., and Caterpillar Inc. were among the other companies that saw an increase in the fund's shares and value held in Q1 2023 compared to Q4 2022.

The fund's holdings in O'Reilly Automotive Inc., Corteva Inc., and Salesforce Inc., among others, dropped in Q1 2023 compared to Q4 2022.

What Could Have Led to Sturgeon Ventures LLP's Decisions?

Sturgeon Ventures LLP's buying or selling decisions for various stocks could have resulted from several reasons, including a change in market conditions, a shift in the company's performance, or a need to diversify its portfolio.

For instance, NVIDIA Corporation was among the best performers in Q4 2022, and the company's stock price continued to rise steeply in the first quarter of 2023. It is, therefore, not surprising that Sturgeon Ventures LLP increased its shares in the company during Q1 2023.

Similarly, O'Reilly Automotive Inc. shares' value dropped by 22.2% from Q4 2022 to Q1 2023. It could be the reason why the fund sold some of its shares in the company.

Wrapping Up

Sturgeon Ventures LLP's Q4 2022 vs. Q1 2023 holdings comparison shows that the fund made significant changes in its portfolio during the period. For some companies like NVIDIA Corporation and Meta Platforms Inc., the value of shares held by Sturgeon Ventures LLP sharply rose. It's essential to note that the information presented in this article may not reflect the full picture of why the fund made the buying or selling decisions. Nevertheless, it offers investors insights into the types of factors that hedge funds consider when making moves in the market.