Prime Capital Management Co Ltd Q3 2022 vs. Q4 2022 13F Holdings Comparison

Tech Stocks Lead the Reshuffle in Prime Capital’s Q4 2022 Portfolio

As the Q4 2022 13F filings came to a close, Prime Capital's reshuffling of its portfolio was hard to miss. The most striking changes were observed in the tech sector, where the investment management firm has made significant moves to solidify and diversify its holdings.

Tesla Inc Takes the Helm

Tesla Inc (TSLA) was by far the most notable addition to Prime Capital's Q4 2022 portfolio, with the firm acquiring 1034690 shares worth $127.5 million, which is more than 16x the number of shares it held in Q3 2022. The investment move points to the electric vehicle industry's immense potential, with Tesla being one of its most significant leaders.

Alibaba Group Holdings Ltd (BABA) Raises Positive Eyebrows

Another noteworthy holding for Prime Capital in Q4 2022 is Alibaba Group Holdings Ltd (BABA), with the firm increasing its stake by 558,095 shares valued at approximately $49.2 million. Alibaba's performance over the past year has been impressive, with the firm posting quarterly earnings that exceeded expectations. It is no surprise that Prime Capital increased its holdings in the e-commerce giant.

Snowflake Inc (SNOW) Melts in Q4 2022

The tech stocks reshuffle comes with winners and losers, and Snowflake Inc (SNOW) is one of the most significant losers in Prime Capital's Q4 2022 portfolio. The firm reduced its holdings in the cloud-based data warehousing company by 12.6%, amounting to 32,649 fewer shares compared to Q3 2022, and valued at $11.7 million.

Nvidia Corporation (NVDA) Boosts its Position

Nvidia Corporation (NVDA) is another company that Prime Capital has increased its holdings in, albeit marginally. The firm acquired 3,307 more shares, bringing its total portfolio to 133,656 shares, worth approximately $19.5 million. Nvidia's outstanding earnings, growth potential, and stable financials make it a solid investment for Prime Capital.

Lockheed Martin Corp (LMT) Reduced to Zero

Prime Capital has liquidated its position in Lockheed Martin Corp (LMT), selling all of its 31,829 shares, valued at $15.5 million, that it held in Q3 2022. The airline industry's struggles due to the pandemic have affected many companies associated with it, including the defense sector.

DoorDash Inc (DASH), Sea Ltd (SE), Uber Technologies Inc (UBER), and Agora Inc (API) Decrease in Value

Finally, DoorDash Inc (DASH) recorded the steepest fall in value, with Prime Capital slashing 87.6% of its holdings by 223,256 shares valued at $13.4 million. Sea Ltd (SE), Uber Technologies Inc (UBER), and Agora Inc (API) also shed significant value in Prime Capital's Q4 2022 portfolio by -88.3%, -88.8%, and -86.8% percent, respectively.

Closing Thoughts

Prime Capital's Q4 2022 portfolio is a clear indication of the investment management firm's confidence in the technology industry. It has been alert to the changing trends in the market and has made the necessary changes to solidify its position. The firm's decision to increase its holdings in Tesla Inc and Alibaba Group Holdings Ltd shows that it believes in supporting leaders in their respective industries.