Meridian Management Co Q4 2022 vs. Q1 2023: Analyzing the Changes in Fund Holdings

The release of the 13F filings provides a glimpse into the stock holdings of institutional investment managers in the US; Meridian Management Co. being one of them. In this blog post, we'll compare their Q4 2022 and Q1 2023 13F holdings and analyze the changes that took place during this short period.

Let's start by taking a look at the table above, which lists the fund's top holdings. In Q1 2023, Meridian Management Co. increased its holdings in 23 out of 44 companies, decreased holdings in 12 companies, and opened new positions in four companies.

One of the most notable changes in holdings was for the company "Meta Platforms Inc", which saw an increase in shares held by Meridian Management Co. by 39%, from 18,496 shares to 25,749 shares. This increase in holdings is likely due to the company's strong financial performance, with its revenue increasing by 53% YoY in Q4 2021.

Another company with a significant increase in holdings by Meridian Management Co. was PayPal Holdings Inc., whose shares held increased by 98%. The company's performance during the pandemic has been remarkable, with a significant increase in online transactions. This increase in shares held by Meridian shows their confidence in the company's growth.

On the other hand, Meridian Management Co. decreased its holdings in some companies, the most notable being in CVS Health Corp and Vanguard Tax-Managed FDS. The reason behind this move is unknown, and it could be due to the company's belief that the stock's value would decline in the future.

Meridian Management Co. also opened new positions in four companies in Q1 2023; these are GXO Logistics Incorporated, Simmons 1st Natl Corp, Carrier Global Corporation, and ConocoPhillips. The reason behind the decision to open positions in these new companies is yet again unknown.

In conclusion, Meridian Management Co's recent 13F filing showcases various changes in holdings. The fund has increased its holdings in some companies, decreased its holdings in others, and opened new positions in some. It's worth noting that these actions could be influenced by various factors, including the companies' financial performance, market trends, and overall economic outlook. Nonetheless, it'll be interesting to see how these changes will play out in the coming months.