Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F Holdings: Analyzing the Changes

As investors, we seek to understand and analyze the positions held by top-performing hedge funds and asset management firms. One such firm is Aristotle Capital Management, LLC, which recently released its Q3 2022 and Q4 2022 13F filings with the Securities and Exchange Commission (SEC). These filings give us an insight into the firm's portfolio and the changes it has made to its holdings over the past quarter.

In this blog post, we will analyze the changes in Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F holdings, looking at the top holdings, the biggest movers, and the sectors and industries these companies operate in.

Top Holdings

Examining the top holdings in Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F filings, we see that Microsoft (MSFT) remains the largest position held by the firm, with 7,438,060 shares valued at $1.74 billion in Q3 2022. However, the firm lowered its position in Microsoft in Q4 2022, holding 7,078,768 shares valued at $1.70 billion.

Other top holdings in Q3 2022 included Corteva (CTVA), Danaher Corporation (DHR), and Ameriprise Financial, Inc. (AMP). Interestingly, the firm significantly increased its position in AMP in Q4 2022, from 4,264,498 shares valued at $1.07 billion in Q3 2022 to 4,014,289 shares valued at $1.25 billion in Q4 2022, representing a 16.3% change.

Biggest Movers

Looking at the biggest movers in Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F holdings, we see that Sysco Corp. (SYY) saw the largest percentage increase in shares held by the firm, with its position growing by 464.8%. In Q3 2022, the company held 2,190,751 shares of Sysco Corp. valued at $154.9 million, while in Q4 2022, the company held 11,444,739 shares valued at $874.9 million.

Other notable percentage increases include Phillips 66 (PSX), which saw its position in the firm grow by 20.6%, and Honeywell International Inc. (HON), which grew by 20.5%. The largest percentage decrease was in TotalEnergies (TOT), which saw its position in the firm fall by 29.8%.

Sectors and Industries

Finally, it's worth examining the sectors and industries in which Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F holdings are concentrated. In Q3 2022, the top sectors were information technology, healthcare, and consumer discretionary, while in Q4 2022, they were healthcare, industrials, and information technology.

Information technology remained the largest sector for the firm in both quarters, with healthcare seeing the largest increase in position in Q4 2022, up 2.1%, while energy saw the largest decrease in position, down 14.9% in Q4 2022.

Conclusion

In conclusion, analyzing Aristotle Capital Management's Q3 2022 vs. Q4 2022 13F filings provides us with valuable insight into the firm's portfolio and the changes it has made to its holdings. The firm appears to have made significant changes to its positions in some of its top holdings, with a particular focus on increasing its position in Ameriprise Financial, Inc. and Sysco Corp. We also see the firm continuing to focus on the information technology sector but with some significant changes in the healthcare and energy sectors. As always, we should keep in mind that these filings represent a snapshot in time and that changes may have been made since they were filed.