Bristol Gate Capital Partners Inc.'s Q4 2022 vs. Q1 2023: A Deep Dive into their 13F Holdings

In the world of finance, 13F filings are an essential tool for investors looking to keep a pulse on a fund's portfolio. When firms with more than $100 million in assets under management file Form 13F, it's a window into their quarterly investment activity. In this blog post, we'll take a closer look at Bristol Gate Capital Partners Inc.'s 13F filings for Q4 2022 and Q1 2023.

Bristol Gate Capital Partners Inc.'s 13F filings reveal the changes in the firm's holdings from quarter to quarter. During the quarter ending December 31, 2022, the firm held shares in 33 stocks, with a total value of $1.1 billion. This compares to the quarter ending March 31, 2023, where the firm held shares in 32 stocks, worth approximately $1.2 billion. While the total number of shares held by Bristol Gate Capital Partners Inc. decreased by 0.4% quarter over quarter, the total value of the portfolio increased by 11%.

Bristol Gate Capital Partners Inc.'s top holdings, by value, in both quarters were similar. In Q4 2022, the firm's largest holding was in Activision Blizzard Inc, followed by Applied Materials Inc, and Microchip Technology Inc. In Q1 2023, the top three holdings remained the same, but the order changed. The firm's largest holding was in Applied Materials Inc, followed by Activision Blizzard Inc, and Microchip Technology Inc. Bristol Gate Capital Partners Inc. added to its positions in Applied Materials Inc, Microchip Technology Inc, and MSCI Inc, while reducing its positions in Broadcom Inc, Waste Connections Inc, UnitedHealth Group Inc, and Dollar General Corp New.

In terms of sectors, the top three sectors where Bristol Gate Capital Partners Inc. invested its funds in both quarters were Technology, Healthcare, and Consumer Discretionary. Bristol Gate Capital Partners Inc. added to its holdings in all three sectors in Q1 2023, with the largest increase being in the Technology sector. The firm also added to its holdings in the Communication Services and Financials sectors, while reducing its holdings in the Consumer Staples and Industrials sectors.

Bristol Gate Capital Partners Inc. divested its holdings in two companies during the quarter ending March 31, 2023. Advance Auto Parts Inc and The Home Depot Inc were both removed from the firm's portfolio. These positions were worth $53.5 million and $47 million, respectively, in the quarter ending December 31, 2022.

Finally, it's worth noting that Bristol Gate Capital Partners Inc. made a new addition to its portfolio during the quarter ending March 31, 2023, with a position in Corteva Inc worth $78.7 million. Corteva Inc, a leading pure-play agriculture company, was formed in 2019 following the separation of DowDuPont.

In conclusion, while Bristol Gate Capital Partners Inc.'s 13F filings for Q4 2022 and Q1 2023 show some interesting changes, their overall investment strategy appears to remain focused on the Technology, Healthcare, and Consumer Discretionary sectors. The addition of Corteva Inc to the firm's portfolio and the divestment of positions in Advance Auto Parts Inc and The Home Depot Inc are worth noting. It will be interesting to see how these holdings evolve in future quarters and how Bristol Gate Capital Partners Inc. navigates the ever-changing investment landscape.