The Future of Your Investments: Pembroke Management Q3 2022 vs. Q4 2022 Holdings Comparison

When it comes to investing, it’s essential to stay up to date with the latest trends and movements in the market. One way to do this is by reviewing quarterly 13F filings, which disclose institutional investors' holdings. These reports offer a glimpse into the decision-making process of large firms and can provide valuable insights for individual investors. In this article, we will analyze the changes in holdings of Pembroke Management, LTD from Q3 2022 to Q4 2022.

First, let’s define 13F filings. A 13F form is a quarterly report filed by institutional investment managers with at least $100 million in assets under management. The Securities and Exchange Commission (SEC) requires these managers to disclose their holdings in publicly traded companies. The report includes the name of the issuer, the number of shares held, the value of those shares, and the percentage of the portfolio that they represent.

In Q3 2022, Pembroke Management, LTD held positions in 46 stocks. By the end of Q4 2022, the firm owned shares in 47 companies. The total value of the portfolio increased from $648.9 million to $719.9 million, a growth of 11%. Let’s dive deeper into some of the significant changes in holdings between these two quarters.

One of the significant changes occurred in Globus Medical Inc (GMED). Pembroke Management, LTD reduced its position in the company by 6,713 shares, resulting in a total holding of 584,085 shares. However, the value of these holdings increased from $35.2 million to $43.4 million, representing a 23.3% growth. This increase could be due to the growth potential of the orthopedic medical device market.

Another remarkable change was the addition of Telus International (CDA) (TIXT) to the portfolio. In Q4 2022, Pembroke Management, LTD acquired 13,205 shares of the cloud computing company, valued at $477,000. Telus International recently went public, so it could be a growth opportunity in the tech sector.

Tricon Residential Inc. (TCN.TO) saw a 1.6% decrease in Pembroke Management, LTD’s holdings, with a reduction from 1,507,643 shares to 1,697,947. However, the portfolio value of these holdings dropped from $18 million to $17.7 million during the quarter, meaning that Pembroke Management, LTD did not lose significant money by decreasing its position in the company.

One company that experienced significant changes in holdings is Pure Storage, Inc (PSTG). In Q3 2022, Pembroke Management, LTD held 100,000 shares of PSTG. Fast forward to Q4 2022, the company’s holdings increased to 556,882. The total value of these holdings was $14.9 million, making Pure Storage, Inc one of Pembroke Management, LTD’s top holdings.

Energy Recovery, Inc (ERII) is another company that witnessed significant changes in holdings. Pembroke Management, LTD decreased its position from 621,811 shares to 612,722 shares, a reduction of 1.5%. However, the total value of these holdings dropped from $13.5 million to $12.6 million. This decrease could be due to the recent underperformance of Energy Recovery.

In conclusion, reviewing 13F filings can provide investors with a better understanding of institutional investor behavior and decision-making. Pembroke Management, LTD’s Q3 2022 vs. Q4 2022 holdings comparison showed several notable changes in its portfolio, with six stocks accounting for 70% of the total value. While it's essential to note past performance doesn't guarantee future results, investors can use this information to make informed decisions regarding their portfolio.