Millennium TVP Management Co., LLC Q3 to Q4 2021: A Look at Changes in 13F Holdings

Investors are always on the lookout for new and profitable opportunities in the market. One way to keep track of these opportunities is by monitoring the 13F filings of leading investment firms. Millennium TVP Management Co., LLC, a New York-based investment management firm, recently filed their Q3 and Q4 2021 13F reports with the Securities and Exchange Commission. In this article, we will analyze the changes in their holdings and discuss their potential implications for investors.

Aurora Innovation, Inc. - A Revolution in Autonomous Driving

One of the most significant changes in Millennium's holdings was in Aurora Innovation, Inc., a leading player in autonomous driving technology. In Q3 2021, the firm did not hold any shares in Aurora, while in Q4 2021, they acquired 4.15 million shares worth $46.7 million. This represents a significant investment in a company that is expected to revolutionize the automobile industry.

Sunrun, Inc. - Alternative Energy for a Sustainable Future

Sunrun, Inc., a leading provider of residential solar, battery storage, and energy services, was another major holding of Millennium. The firm held 832,582 shares in Sunrun during Q3 2021, which decreased to 825,240 shares in Q4 2021. The value of these shares also dropped from $36.6 million to $28.3 million, a decrease of 22.7%. This suggests that Millennium may have tempered their optimism towards the alternative energy sector.

Alibaba Group Holding Ltd. - A Victim of Regulatory Clampdowns

Another interesting change in Millennium's holdings was in Alibaba Group Holding Ltd., the Chinese e-commerce giant. The firm held 68,770 shares in Alibaba in Q3 2021, which decreased to 63,957 shares in Q4 2021, with a total value drop of 25.4%. This may have been due to the ongoing regulatory clampdowns in China, which have impacted Alibaba's stock prices. It remains to be seen whether Alibaba can bounce back in 2022.

Bigcommerce Holdings, Inc. - A Tough Year for E-commerce

Bigcommerce Holdings, Inc., an e-commerce platform that helps businesses build and run online stores, was another company that Millennium reduced its holdings in. The firm held 118,255 shares in Q3 2021, which decreased to 109,978 shares in Q4 2021. The value of these shares also decreased from $5.99 million to $3.89 million, a drop of 35%. This reflects the growing competition in the e-commerce sector, which has made it harder for established players like Bigcommerce to maintain their market share.

Chegg, Inc. - Riding the Education Technology Wave

On the other hand, Millennium increased its holdings in Chegg, Inc., an education technology company that provides online services designed to improve academic performance. The firm held 76,993 shares in Q3 2021, which increased to 106,993 shares in Q4 2021. However, the value of these shares decreased from $5.23 million to $3.28 million, a decrease of 37.3%. This suggests that while Millennium believes in the future of education technology, they may not be convinced that Chegg is the best way to invest in this sector.

Joby Aviation, Inc. - The Future of Air Transportation

Finally, we come to Joby Aviation, Inc., a California-based aerospace company that is developing electric vertical takeoff and landing aircraft for passenger transportation. The firm held 446,199 shares in Joby Aviation in both Q3 and Q4 2021. However, the value of these shares decreased from $4.49 million to $3.26 million, a drop of 27.4%. This may reflect the higher risk associated with investing in a company that is still in the development stage.

Conclusion

The changes in Millennium TVP Management Co., LLC's holdings provide a fascinating insight into the investment strategies of one of the leading investment firms in the US. While some of their moves reflect optimism towards the future of disruptive industries like autonomous driving and education technology, others suggest a more cautious approach to sectors like e-commerce and alternative energy. As always, investors will need to perform their own due diligence before deciding to invest in any of these companies.