Pacific Heights Asset Management LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Investment firms must file a Form 13F with the SEC once per quarter, which lists all equity assets under management that have a fair market value of at least $100 million. These disclosures provide insights into the investment activities of institutional investors. Pacific Heights Asset Management LLC has reported its holdings for Q4 2022 and Q1 2023. In this article, we will analyze the changes in holdings of the fund.

Pacific Heights Asset Management LLC Holdings Comparison

Pacific Heights Asset Management LLC is primarily focused on investments in the healthcare, technology, and industrial sectors. The fund has reported a total value of $768.8 million in Q4 2022, which has increased to $893.4 million in Q1 2023.

Freeport-McMoRan Inc (FCX)

Pacific Heights Asset Management LLC has increased its stake in Freeport McMoRan Inc (FCX) by 100,000 shares, representing a 5% increase from the previous quarter. The valuation of shares has increased by $10.14 million, or 12.8% from Q4 2022 to Q1 2023.

Nvidia Corp (NVDA)

Pacific Heights Asset Management LLC has maintained its position in Nvidia Corp (NVDA) with 167,000 shares held in both Q4 2022 and Q1 2023. The fair market value of the shares held has increased by $21.98 million or 90.1% from Q4 to Q1. Nvidia Corp is an American multinational technology company that designs graphics processing units, chipsets, and other similar technologies.

Palantir Technologies Inc (PLTR)

Palantir Technologies Inc (PLTR) has become an attractive investment for Pacific Heights Asset Management LLC in Q1 2023, with the holding's value increasing by 63.5% from Q4 2022. The firm now holds 1,540,000 shares of Palantir Technologies Inc with fair market value of $13.01 million. Palantir Technologies Inc is a data analytics company that specializes in big data analytics.

Canadian Pacific Railway Ltd (CP.TO)

Pacific Heights Asset Management LLC has slightly increased its position by 2.5%, from 205,000 shares held in Q4 2022 to 210,000 shares held in Q1 2023, of Canadian Pacific Railway Ltd (CP.TO). The valuation of the shares held has increased by $482,000 or 3.2% from Q4 to Q1.

Conclusion

In conclusion, Pacific Heights Asset Management LLC reported a Q4 2022 to Q1 2023 increase in its holdings by $124.6 million, or 16.2%, with a current total value of $893.4 million. The fund has significantly invested in Palantir Technologies Inc (PLTR), as they view this company as an attractive investment opportunity. Freeport McMoRan Inc (FCX) holdings were also increased in Q1 2023 by 100,000 shares from the previous quarter.