ICONIQ Capital's Recent 13F Filings: Notable Changes in Holdings for Q3 and Q4 2022

ICONIQ Capital, LLC is an investment firm that manages several funds. One of its funds, the ICONIQ Strategic Partners L.P., recently disclosed its 13F filings for the third and fourth quarters of 2022. These filings provide a comprehensive overview of the fund's holdings, including any changes made over the quarter. Here, we will analyze some of the notable changes in holdings of the fund, based on the provided CSV.

PROCORE TECHNOLOGIES INC

Procore Technologies is a construction project management software company that has gained significant traction in recent years. ICONIQ Capital’s holdings of the company remained stable between the two quarters, with a change of only 0.03% in the number of shares held. However, there was a 4.7% decrease in the value of the shares held, with a drop from $2,254,444 to $2,149,588 between the two quarters.

SNOWFLAKE INC

Snowflake Inc is a cloud-based data warehousing company that has seen exponential growth in recent years. ICONIQ Capital’s holdings of the company saw a significant decrease between the two quarters, with a 33.1% reduction in the number of shares held. This reduction was accompanied by a drop in the value of the shares, with a decrease from $2,451,728 in Q3 2022 to $1,639,553 in Q4 2022, representing a 33.1% drop in the value of the shares.

MICROSOFT CORP

Microsoft is one of the largest technology companies in the world and offers a wide range of software products and services. ICONIQ Capital's holdings of the company saw a significant decrease, with a 69.9% drop in the value of the shares held, from $11,612,000 in Q3 2022 to $3,492,000 in Q4 2022. This decrease was accompanied by a sharp drop in the number of shares held, with a reduction from 49,857 shares in Q3 to 14,561 shares in Q4.

ROBINHOOD MARKETS INC

Robinhood is a trading application that has dominated the news cycles in recent years, especially in relation to the GameStop short squeeze. ICONIQ Capital’s holdings of the company saw a decline in the number of shares held between the two quarters, with a decrease of 3.8%, from 13,912,710 in Q3 to 13,529,601 in Q4 2022. Also, the value of the shares saw a decline of 21.6%, dropping from $140,518 in Q3 2022 to $110,130 in Q4 2022.

COINBASE GLOBAL INC

Coinbase is a US-based digital currency exchange that went public through a direct listing in early 2021. ICONIQ Capital’s holdings of the company saw a decrease of 61.3% in value between the two quarters, from $6,489,000 in Q3 2022 to $2,511,000 in Q4 2022. This decrease was accompanied by a sharp drop in the number of shares held, from 100,626 shares in Q3 to 70,963 shares in Q4.

ALIBABA GROUP HOLDING LTD

Alibaba is a Chinese technology conglomerate that operates in e-commerce, cloud computing, and digital media. ICONIQ Capital rose its holdings of the company by 9.8%, increasing the number of shares held from 62,016 in Q3 to 61,809 in Q4 2022. Alongside this, there was an increase in the value of the shares held, from $4,961,000 in Q3 to $5,444,000 in Q4.

Conclusion

The data provided in the CSV reveals that ICONIQ Capital made some significant changes to its holdings over the third and fourth quarters of 2022. Although some of the holdings showed modest variations, others experienced profound changes. Some companies, such as Snowflake and Microsoft, suffered a sharp decrease in the value of shares held. On the other hand, companies like Alibaba, experienced an increase in the number of shares held.

Investing in the stock market is inherently risky, and even the most experienced investors do not always get it right. It is essential to keep in mind that the changing dynamics of the global economy can impact the financial performance of companies. Therefore, investor portfolios should always be diversified, with careful attention paid to the underlying companies and a focus on long-term growth.