Tran Capital Management, L.P. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction

In the world of finance, 13F filings play a crucial role in providing insight into the investment strategies of institutional investors. These quarterly reports, required by the Securities and Exchange Commission (SEC), detail the holdings of funds with more than $100 million in assets under management. In this article, we will analyze the Q2 2023 and Q3 2023 13F holdings comparison for Tran Capital Management, L.P., a prominent investment management firm. We will explore the changes in their holdings and discuss their potential implications.

PROGRESSIVE CORP OHIO (PGR)

Tran Capital Management, L.P. decreased its holdings in PROGRESSIVE CORP OHIO (PGR) by 2.2%. The number of shares held in Q2 2023 was 365,368, while in Q3 2023, it decreased to 354,837. Similarly, the value of these shares decreased from $48,363,000 to $49,428,000.

MICROSOFT CORP (MSFT)

There was a slight decrease in Tran Capital Management, L.P.'s holdings in MICROSOFT CORP (MSFT) from Q2 2023 to Q3 2023. The number of shares held declined from 150,434 to 149,915, representing a 7.6% change. In terms of value, there was a decrease from $51,228,000 to $47,335,000.

AMAZON COM INC (AMZN)

Tran Capital Management, L.P. also reduced its holdings in AMAZON COM INC (AMZN) during the specified period. The number of shares held went down from 385,912 to 369,743, reflecting a 6.6% decrease. Additionally, the value of these shares decreased from $50,307,000 to $47,001,000.

DANAHER CORP DEL (DHR)

In contrast to the previous examples, Tran Capital Management, L.P. increased its holdings in DANAHER CORP DEL (DHR) from Q2 to Q3 2023. The number of shares held increased from 189,031 to 186,635, indicating a 2.1% increase. Similarly, the value of these shares increased from $45,367,000 to $46,304,000.

FERGUSON PLC NEW (FERG)

Tran Capital Management, L.P. experienced a slight decrease in its holdings in FERGUSON PLC NEW (FERG). The number of shares held declined from 296,085 to 281,483, representing a 0.6% change. Additionally, the value of these shares decreased from $46,577,000 to $46,295,000.

AERCAP HOLDINGS NV (AER)

There was a reduction in Tran Capital Management, L.P.'s holdings in AERCAP HOLDINGS NV (AER) as well. The number of shares held decreased from 730,049 to 711,438, indicating a 3.9% decrease. Similarly, the value of these shares decreased from $46,372,000 to $44,585,000.

IQVIA HLDGS INC COM (IQV)

Tran Capital Management, L.P. reduced its holdings in IQVIA HLDGS INC COM (IQV) significantly during the specified period. The number of shares held declined from 235,971 to 225,908, representing a substantial decrease of 16.2%. In terms of value, there was a decrease from $53,039,000 to $44,447,000.

ALPHABET INC CAP STK CL A (GOOGL)

Tran Capital Management, L.P. decreased its holdings in ALPHABET INC CAP STK CL A (GOOGL) as well. The number of shares held declined from 346,622 to 335,372, indicating a 5.8% decrease. Similarly, the value of these shares decreased from $41,490,000 to $43,886,000.

BAKER HUGHES A GE CO (BKR)

There was a slight increase in Tran Capital Management, L.P.'s holdings in BAKER HUGHES A GE CO (BKR). The number of shares held increased from 1,289,072 to 1,178,813, reflecting a 2.2% change. Additionally, the value of these shares increased from $40,747,000 to $41,635,000.

MARTIN MARIETTA MATLS INC (MLM)

Tran Capital Management, L.P. experienced a significant decrease in its holdings in MARTIN MARIETTA MATLS INC (MLM). The number of shares held declined from 102,964 to 95,060, representing a substantial decrease of 17.9%. Additionally, the value of these shares decreased from $47,537,000 to $39,020,000.

PAYPAL HLDGS INC (PYPL)

There was a reduction in Tran Capital Management, L.P.'s holdings in PAYPAL HLDGS INC (PYPL) as well. The number of shares held decreased from 617,866 to 605,726, indicating a 14.1% decrease. Similarly, the value of these shares decreased from $41,230,000 to $35,410,000.

ENTEGRIS INC (ENTG)

Tran Capital Management, L.P. experienced a significant decrease in its holdings in ENTEGRIS INC (ENTG). The number of shares held declined from 363,966 to 352,104, representing a substantial decrease of 18%. Additionally, the value of these shares decreased from $40,334,000 to $33,066,000.

Conclusion

Tran Capital Management, L.P. made key changes to its holdings during the Q2 2023 to Q3 2023 period. While some holdings saw an increase, others experienced a decrease. This dynamic portfolio management strategy exhibits the firm's ability to adapt to market conditions and explore new investment opportunities. It is essential to note that the changes in holdings should not be considered as investment advice, as the decision-making process behind these changes involves various factors.