Investment Company Azimuth Capital's Q4 2021 vs. Q1 2022: What Changed in their 13F Holdings?

Azimuth Capital Management LLC, an investment company, has recently released its Q4 2021 and Q1 2022 13F filings. The 13F filings provide a public snapshot of institutional investment managers' holdings, which includes both equity and equity-related investments. In this blog post, we'll delve into the changes that Azimuth Capital has made to its holdings between the two quarters.

Before we jump into the analysis, let's first understand the methodology and definitions:

- 13F Filings: Form 13F is required to be filed by institutional investment managers who hold assets worth over $100 million. This form must be filed with the Securities and Exchange Commission (SEC) and made publicly available. The form includes a list of all equity securities, options, and debentures that the institutional investment manager has acquired or disposed of during the quarter.

- Issuer Name: The name of the company that issued the security.

- Option Type: This column provides information about the classification of the asset type. In this case, all the entries are blank, which means they are equity securities.

- Q4 2021 (SHARES): The number of shares the company held in Q4 2021.

- Q1 2022 (SHARES): The number of shares the company held in Q1 2022.

- Q4 2021 VALUE ($000): The total value of the shares held by the company in Q4 2021, in thousands of dollars.

- Q1 2022 VALUE ($000): The total value of the shares held by the company in Q1 2022, in thousands of dollars.

- Chg %: The percentage change in holdings between Q4 2021 and Q1 2022.

With that out of the way, let's look closer at the changes in Azimuth Capital's holdings.

Schlumberger Limited (SLB)

Azimuth Capital made significant changes to its holdings in Schlumberger Limited (SLB). They reduced their holdings by 59,940 shares, which amounts to a decrease of 6.94%. This reduction reduced the value of their holdings to $33,238,000 from $25,893,000.

Microsoft Corp (MSFT)

Azimuth Capital reduced its stake in Microsoft Corp (MSFT) by 0.34%, equivalent to 704 shares. As a result, their holdings decreased from 696,522 shares to 636,342 shares, which also led to a decrease in the value of their holdings from $69,652,000 to $63,634,000.

Enphase Energy Inc (ENPH)

Azimuth Capital made significant changes to its holdings in Enphase Energy Inc (ENPH) by adding 65,805 shares, which translate to a 82.99% surge. This addition led to an increase in the value of their stake from $14,452,000 in Q4 2021 to $29,218,000 in Q1 2022.

Broadcom Inc (AVGO)

Azimuth Capital reduced its holdings in Broadcom Inc (AVGO) by 1,547 shares or 3.4%. This reduction decreased the value of their holdings from $20,453,000 in Q4 2021 to $19,763,000 in Q1 2022.

Conclusion

Azimuth Capital Management LLC reported its Q4 2021 and Q1 2022 13F filings, which provided insights into the firm's changes to its holdings. The report showed that the company had made a series of significant moves in its investment portfolio. They reduced their holdings in companies like Microsoft (MSFT) and Schlumberger Limited (SLB) and raised their stakes in Enphase Energy (ENPH). Investments are subject to regular changes by the fund managers, reacting to the dynamic market environment. These changes are not always a sign of weakness, but a strategic move aimed at maximizing returns as well as minimizing risks.