EULAV Asset Management Q4 2022 vs. Q1 2023: A Comprehensive Analysis of Fund Holdings

EULAV Asset Management, as of Q1 2023, has experienced significant changes in holdings of several funds. The massive gains in holdings of NVIDIA Corporation, IQVIA Holdings Inc, and Uber Technologies Inc show the portfolio's ability to grab high-performing stocks. Meanwhile, decreased holdings in PIONEER NAT RES CO, and Waste Connections Inc show a shift from previous investments.

Let's dive deep into the data and understand the significant changes in EULAV Asset Management's holdings and their implications.

Summary of the Fund's Holdings

EULAV Asset Management filed its Q4 2022 and Q1 2023 13F filings with the SEC, revealing significant changes in its fund holdings. Based on the available data, the fund experienced an overall increase in shares held from 7,834,307 to 7,800,059, representing a 0.44% drop in shares.

Top Gainers

NVIDIA Corporation (NVDA) - The fund's holdings in the company have seen a tremendous improvement, rising by over 83.9%, with Q1 2023 holdings of 60,012 shares, up from 62,018 shares. The company's shares rallied in 2022, with the pandemic encouraging remote workforces, leading to NVIDIA's graphics cards' increasing demand.

UBER Technologies Inc (UBER) - EULAV Asset Management raised its holdings in Uber Technologies by 33%, with Q1 2023 holdings of over 695,102 shares, up from 670,115 shares. Uber's increasing financial performance, which beat market expectations, was a major reason why investors increased their holdings in the company.

IQVIA Holdings Inc (IQV) - The fund's holdings in IQVIA Holdings rose by 24.5%, with Q1 2023 holdings of over 167,916 shares, up from 130,913 shares. IQVIA's progress towards developing targeted healthcare solutions, coupled with their adoption of AI and analytics, has earned them a spot in investors' portfolios.

Top Losers

Waste Connections Inc (WCN) - EULAV Asset Management decreased its holdings in Waste Connections by 4.9%, with Q1 2023 holdings of 129,478 shares, down from 129,478 shares. Even though the stock has outperformed the market in the last five years, it is not performing as expected this year, leading to a decrease in shares held.

Pioneer Nat Res Co (PXD) - The fund's holdings in Pioneer Nat Res Co fell by 17.6%, with Q1 2023 holdings of 71,000 shares, down from 77,016 shares. Pioneer has had to rebound, with oil prices contributing to its underwhelming performance.

The Bottom Line

EULAV Asset Management, as with other portfolio management firms, is making moves to hedge portfolios in a bid to maximize profits. Its portfolio changes show the company's inclination towards investing in high-performing companies while taking a new approach to prior investments. The fund's current holdings reflect its diversification strategy across various sectors, which will help it navigate the ever-changing market conditions. This is a crucial portfolio management strategy and sets the standard for other portfolio managers to manage the market's high volatility levels.