Park Presidio Capital LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

As the year comes to a close, it's time to analyze the changes in holdings between Q3 2022 and Q4 2022 for Park Presidio Capital LLC. This San Francisco-based investment firm manages over $2 billion in assets, and 13F filings are a window into their investment activity. In this article, we'll explore the top holdings and notable changes in the portfolio.

Starting with the top holdings, we see that WABTEC and HUNT J B TRANS SVCS INC remain in the lead. However, both saw a decrease in shares, with WABTEC dropping 11.7% and HUNT J B TRANS SVCS INC falling by 12.6%. VULCAN MATLS CO follows closely behind, with a 12.2% increase in shares. The Q4 2022 portfolio also saw an increase in shares for MASTERCARD INCORPORATED, with 1,344 more shares than the previous quarter. However, this increase in shares has led to a 23.7% increase in value, making it one of the most valuable investments.

Looking at the changes in value, we see notable movements in the portfolio. META PLATFORMS INC saw the most significant change in value, with a 36.9% increase in Q4 2022. This is likely due to the rise of meta search engines that have recently emerged. SCHWAB CHARLES CORP also saw an increase of 17.2%, making it a top-performing investment in the portfolio. However, FIDELITY NATL INFORMATION SV and AMAZON COM INC saw significant declines, with -100% and -20.2% respectively.

In terms of sector allocation, we see a shift towards the Financials and Materials sectors. Financials now account for 23.9% of the portfolio, up from 22.5%, with the increase in shares for MASTERCARD INCORPORATED, SCHWAB CHARLES CORP and FIDELITY NATL INFORMATION SV. The Materials sector also saw an increase, from 10.4% to 11.2%, due to more shares of VULCAN MATLS CO.

Finally, we see that FIDELITY NATL INFORMATION SV was sold in its entirety, with 439,827 shares sold between Q3 and Q4. This is likely due to performance or a change in the investment strategy. TEXAS ROADHOUSE INC was another investment that saw a decrease in shares, but only by 5.2%. Meanwhile, investments in SCHWAB CHARLES CORP and FISERV INC saw minor increases.

In conclusion, Park Presidio Capital LLC saw a mix of changes in their portfolio for Q4 2022. While the top holdings remained in place, there were notable changes in value and sector allocation. The rise of meta search engines and changes in investment strategy likely contributed to the changes in holdings. As always, 13F filings offer a glimpse into the investment activity of institutional investors, and we'll be keeping an eye out for further changes from Park Presidio Capital LLC.