The Changing Landscape of TimesSquare Capital Management's Q3 2022 vs. Q4 2022 Holdings

TimesSquare Capital Management, LLC has recently released its 13F holdings comparison report for Q3 2022 vs. Q4 2022. The report shows the changes in the holdings of various issuers, their option types, the number of shares owned in Q3 vs. Q4 2022, and the value of these shares in thousands of dollars. The report also reveals the percentage change in the value of the holdings. In this blog post, we'll dive deep into the changes in TimesSquare Capital Management's portfolio and the possible reasons behind these changes.

Introduction

TimesSquare Capital Management's 13F holdings comparison report shows the changes in the company's portfolio between Q3 2022 and Q4 2022. The report provides a detailed view of the changes in the number of shares and the value of shares held by the company in various issuers during the two quarters. This analysis will help investors and other stakeholders understand the current investment trends and the potential reasons behind the changes in the company's portfolio.

Main Body

The report reveals that TimesSquare Capital Management decreased its holdings in Waste Connections Inc. (WCN) by 2.1% in Q4 2022 compared to Q3 2022. Similarly, the company reduced its holdings in Palo Alto Networks Inc. (PANW) by 19.5% during the same period. On the other hand, the company increased its holdings in Ascendis Pharma A/S (ASND) by 46.3% and in PowerSchool Holdings Inc. (PWSC) by 47.7%.

One possible reason for the decrease in the company's holdings in Palo Alto Networks could be the company's Q4 2022 earnings report, which failed to meet analysts' expectations. The company's revenue growth was lower than forecasted due to supply chain disruptions caused by the COVID-19 pandemic. This could have prompted TimesSquare Capital Management to divest its holdings in the company.

It is worth noting that TimesSquare Capital Management increased its holdings in the healthcare sector during Q4 2022. The company increased its holdings in Legend Biotech Corp. (LEGN) by 23%, in Atricure Inc. (ATRC) by 13%, and in National Vision Holdings Inc. (EYE) by 4.3%. This increase in healthcare holdings could be due to the sector's ability to withstand economic turbulence, as the demand for healthcare services and products remains largely stable.

The report also reveals that TimesSquare Capital Management divested its entire holdings in Smith(AO)Corp. (AOS) during Q4 2022. It is unclear why the company divested its holdings in the issuer, which specializes in producing electrical products for various industries, including residential, commercial, and industrial markets.

Conclusion

The Q3 2022 vs. Q4 2022 13F holdings comparison report by TimesSquare Capital Management provides insights into the changes in the company's investment portfolio. The report shows that the company increased its holdings in some sectors while reducing them in others. The changes could be due to various factors, such as a company's earnings report, changes in the economic environment, and strategic reallocation of resources. It is essential to keep up with these trends to make informed investment decisions as an investor or stakeholder.