Breaking Down Peregrine Asset Advisers' Q4 2022 vs. Q1 2023 13F Holdings Changes

Peregrine Asset Advisers, Inc. is a well-known financial institution. And like any other financial institution, Peregrine must file the 13F form to the Securities and Exchange Commission. This form allows the public to observe any changes in Peregrine's portfolio. The form discloses numerous holdings, including the securities' stock, share amount, and value.

For the Q4 2022 vs. Q1 2023 13F Holdings Comparison, Peregrine Asset Advisers' portfolio experienced considerable changes across the board. In this blog post, we'll analyze some of the movements, what they mean for Peregrine Asset Advisers, and potentially what it means for the market.

Starting off with PepsiCo Inc. (PEP), there was an 8.1% decrease in the number of shares held from 48,064 in Q4 2022 to 43,779 in Q1 2023, resulting in a decrease in value from $8,683,000 to $7,980,000. The decrease in holdings is a cause for concern for some investors. Still, it's vital to consider the overall movement of the market before drawing any conclusions.

One of the notable increases in holdings is for United Airls Hldgs Inc. (UAL), where Peregrine increased its holdings from 36,774 in Q4 2022 to 98,228 in Q1 2023. This increase resulted in a 213.5% change in value from $1,386,000 to $4,346,000. United Airls Hldgs Inc. experienced a massive decrease in revenue for Q2 2022 placing the company at a five-year low due to the ongoing pandemic. Now with the pandemic under control and consumers ready to travel again, Peregrine's bullish position on United Airlines may favor them in the long run.

In contrast, Johnson Controls Intl Plc (JCI) experienced a 52.8% decrease in value from $7,915,000 to $3,733,000, demonstrating that Peregrine took some risk off the table. The reasoning behind this decision could be attributed to recent earnings talks or market projections.

Moving onto other companies such as Apple Inc. (AAPL), which experienced a modest 8.3% increase in value from $2,040,000 in Q4 2022 to $2,209,000 in Q1 2023, and Microsoft Corp (MSFT), which experienced a 4.1% increase in value from $492,000 in Q4 2022 to $512,000 in Q1 2023, Peregrine is playing it safe by holding onto some of the big tech names.

Another exciting move was the 614.5% increase in value in Amazon Com Inc. (AMZN), resulting from Peregrine's holdings increasing from 7,665 shares in Q4 2022 to 44,537 in Q1 2023. This increase in Amazon's holdings coincides with Jeff Bezos's departure from the Amazon CEO position, with Andy Jassy taking over. This move shows that Peregrine has confidence in both Jassy's capabilities and Amazon's future growth potential.

In conclusion, while the movements in Peregrine Asset Advisers' holdings are not negligible, it's important to take into account the overall context of the market and the companies involved before drawing any conclusions. This form serves as a comprehensive record of what they hold, and it allows investors like us to glimpse their strategies.