Penserra Capital Management LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Penserra Capital Management LLC, a registered investment advisor that specializes in quantitative investing, has recently released its 13F filings for Q4 2022 and Q1 2023. The report shows a comparison of the changes in holdings of various funds managed by the firm during the period.

In this article, we'll take a closer look at some of the top holdings in Penserra's portfolio, the changes that took place between the two quarters, and how this may impact the firm's investment strategy moving forward.

Top Holdings:

Penserra Capital Management LLC has a diverse portfolio that includes stocks of various companies across many different sectors. Some of the top holdings within the portfolio for the quarters analyzed in the 13F filings include Microsoft Corporation, Visa Inc, McDonald's Corporation, Procter & Gamble Co, and UnitedHealth Group Inc.

One of the most interesting holdings in Penserra's portfolio is the United Parcel Service (UPS). The company saw a massive increase in holdings from just 3,849 shares in Q4 2022 to 482,321 shares in Q1 2023. This represents a 13,906.4% increase in holdings.

Another notable increase in holdings was seen in Nucor Corporation (NUE). The company saw holdings increase from 337,596 shares in Q4 2022 to 656,257 shares in Q1 2023, representing a 127.8% increase.

Changes in Holdings:

Based on the 13F filings, Penserra made significant changes to its holdings between the two quarters analyzed. Some of the most notable changes include:

- Penserra increased its holdings in Visa Inc by 15.4%, with shares rising from 620,679 in Q4 2022 to 660,257 in Q1 2023.

- Goldman Sachs Group Inc saw a 15.2% increase in holdings, with shares going from 336,024 in Q4 2022 to 406,444 in Q1 2023.

- Procter & Gamble Co experienced a 7.1% increase in holdings, with shares going from 895,282 in Q4 2022 to 977,050 in Q1 2023.

- Penserra decreased its holdings in UnitedHealth Group Inc by -2.2%, with shares dropping from 278,665 in Q4 2022 to 305,652 in Q1 2023.

Analysis and Conclusion:

The significant increase in holdings of companies such as UPS and Nucor may indicate that Penserra has a bullish outlook on the transportation and steel industries. However, the decision to decrease holdings in UnitedHealth Group, one of the top healthcare insurance providers, suggests a shift in strategy towards different sectors.

The changes in Penserra's portfolio also reveal that the firm is paying close attention to macroeconomic trends and adjusting its portfolio to capitalize on attractive investment opportunities. This is not uncommon among investment firms, especially quantitative investors, as they look to maximize returns while minimizing risk.

Overall, the 13F filings show that Penserra Capital Management has made some significant changes to its holdings in Q1 2023 compared to Q4 2022. While it is challenging to determine the exact reasoning behind each decision, the filings provide insight into the firm's investment strategy and give investors an idea of how Penserra is positioning itself for the future.