Unveiling North Run Capital, LP's Q3 2022 vs. Q4 2022 13F Holdings: A Comprehensive Analysis

North Run Capital, LP, a prominent investment management firm, recently released its third-quarter 2022 (Q3 2022) 13F holdings report, revealing its latest publicly traded equity holdings. According to the report, the firm's investment portfolio witnessed significant changes in the fourth quarter of 2022 (Q4 2022), indicating an active trading season for North Run Capital, LP.

In this article, we will conduct a comprehensive analysis of North Run Capital, LP's Q3 2022 vs. Q4 2022 13F holdings and highlight the significant changes in the portfolio.

Before we dive into the details, let's understand what the 13F filings are and how they can guide investment decisions.

Understanding 13F Filings

The Securities and Exchange Commission (SEC) requires institutional investment managers with assets under management (AUM) of $100 million or more to report their equity holdings quarterly on form 13F. These reports contain valuable information on an institution's investment strategies, the number and value of its positions, and changes in holdings between quarters.

As a result, 13F filings can indicate the sentiments of institutional investors and provide a glimpse into their investment strategies. It's essential to note that the 13F filings don't show the entire investment portfolio of institutions, as filings exclude investments in non-publicly traded companies.

North Run Capital, LP's Q3 2022 vs. Q4 2022 13F Holdings Comparison

North Run Capital, LP's Q3 2022 vs. Q4 2022 13F holdings comparison report reveals that the firm made significant changes to its investment portfolio in Q4 2022. Here are some of the notable changes:

Powerfleet Inc (PWFL)

North Run Capital, LP added 328,024 shares of Powerfleet Inc (PWFL) to its portfolio, a 13.86% increase from its Q3 2022 holdings. Powerfleet Inc is a global leader in wireless IoT and Machine to Machine (M2M) devices that provide fleet management solutions to commercial vehicles.

Varonis Systems Inc (VRNS)

North Run Capital, LP added 92,000 shares of Varonis Systems Inc (VRNS) to its portfolio, which represents a significant increase of 306.67% compared to its Q3 2022 holdings. Varonis Systems is a leading provider of software solutions that protect data from insider threats and cyberattacks.

Pegasystems Inc (PEGA)

North Run Capital, LP added 500 shares of Pegasystems Inc (PEGA) to its portfolio, a 0.76% increase from its Q3 2022 holdings. Pegasystems Inc is a leading provider of customer engagement and digital process automation software.

Sculptor Capital Management (SCU)

North Run Capital, LP reduced its holding of Sculptor Capital Management (SCU) by 2,054 shares, a 0.91% decrease from its Q3 2022 holdings. Sculptor Capital Management is a global alternative asset management firm that offers a range of investment solutions to institutional and individual investors.

Olo Inc (OLO)

North Run Capital, LP reduced its holdings of Olo Inc (OLO) by 12,500 shares, representing a 6.19% reduction from its Q3 2022 holdings. Olo Inc is a food ordering and delivery platform that provides digital ordering solutions for restaurant chains and other foodservice organizations.

Significant Holdings Changes by North Run Capital, LP

North Run Capital, LP's Q3 2022 vs. Q4 2022 13F holdings report revealed some significant changes in the firm's portfolio. Here are some of the portfolio changes that stood out:

- Biggest Holding: North Run Capital, LP's most prominent holding in Q4 2022 was Powerfleet Inc, accounting for 4.01% of the portfolio.

- Top Sector Holdings: Information Technology, Healthcare, and Consumer Discretionary sectors dominated the portfolio, accounting for 55.11%, 23.21%, and 19.54% of the total holdings, respectively.

- Largest Buy: North Run Capital, LP's largest buy in Q4 2022 was Varonis Systems Inc, adding 92,000 shares to its portfolio.

- Largest Sell: North Run Capital, LP's largest sell in Q4 2022 was PFSweb Inc, selling 44,559 shares of the e-commerce solutions provider.

Conclusion

In conclusion, North Run Capital, LP's Q3 2022 vs. Q4 2022 13F holdings comparison report reveals that the firm actively traded its equity holdings in Q4 2022. The portfolio changes show a shift in the investment strategy with a focus on strengthening its position in the information technology and healthcare sectors. Investors can use this report, along with other relevant information, to make informed investment decisions.