Pacific Heights Asset Management: A Comprehensive Analysis of Q1 2023 vs. Q2 2023 Holdings Comparison

The first quarter of 2023 has come to an end, and investors worldwide are eager to see how their favorite funds have performed. In this article, we will take a closer look at the 13F holdings comparison of Pacific Heights Asset Management LLC between Q1 2023 and Q2 2023. From the data available, we will analyze changes in share quantities, values, and percentage changes of various issuers in their portfolio.

FREEPORT-MCMORAN INC (FCX):

Pacific Heights Asset Management maintained its holdings of 2,180,000 shares in FCX throughout both quarters, with a market value of $89,183,000. There was no percentage change in their holdings.

TEXAS PACIFIC LAND CORP (TPL):

Pacific Heights Asset Management LLC held onto 55,000 shares of TPL during both quarters, indicating stability in their investment. The market value fell from $93,556,000 to $72,407,000, resulting in a percentage change of -22.6.

NVIDIA CORP (NVDA):

The fund slightly reduced its stake in NVIDIA CORP from 167,000 shares in Q1 2023 to 165,000 shares in Q2 2023. Despite the decrease in share quantity, the market value increased from $46,387,000 to $69,798,000, reflecting a percentage change of 50.5.

META PLATFORMS INC (META):

Pacific Heights Asset Management LLC retained its 195,000 shares in META PLATFORMS INC throughout both quarters, with a market value of $41,328,000 in Q1 2023 and $55,961,000 in Q2 2023. This represented a positive percentage change of 35.4, indicating growth in their investment.

BROADCOM INC (AVGO):

The fund's holdings of BROADCOM INC remained fairly stable with a slight reduction from 47,500 shares to 47,000 shares. However, the market value increased from $30,473,000 to $40,769,000, showing a percentage change of 33.8.

LOCKHEED MARTIN CORP (LMT):

Pacific Heights Asset Management LLC maintained its position in LOCKHEED MARTIN CORP with 78,000 shares throughout both quarters. The market value decreased from $36,872,000 to $35,909,000, resulting in a percentage change of -2.6.

COSTCO WHSL CORP NEW (COST):

The fund continued to hold 62,500 shares of COSTCO WHSL CORP NEW in both quarters. The market value increased from $31,054,000 to $33,648,000, representing a positive percentage change of 8.4.

PARKER HANNIFIN CORP (PH):

Pacific Heights Asset Management maintained its investment in PARKER HANNIFIN CORP with 83,000 shares throughout both quarters. The market value increased from $27,897,000 in Q1 2023 to $32,373,000 in Q2 2023, reflecting a percentage change of 16.

PALANTIR TECHNOLOGIES INC (PLTR):

Pacific Heights Asset Management LLC held onto its significant investment in PALANTIR TECHNOLOGIES INC, with 1,540,000 shares in both Q1 2023 and Q2 2023. The market value grew from $13,013,000 to $23,608,000, showing an impressive percentage change of 81.4.

NUCOR CORP (NUE):

The fund maintained its position in NUCOR CORP, with an unchanged quantity of 139,000 shares. The market value increased from $21,471,000 to $22,793,000, indicating a positive percentage change of 6.2.

Other notable developments in Pacific Heights Asset Management's portfolio:

Pacific Heights Asset Management LLC decreased its holdings in CHEVRON CORP (CVX) from 140,000 shares to 140,000 shares. The market value decreased from $22,842,000 to $22,029,000, reflecting a percentage change of -3.6.

Pacific Heights Asset Management increased its holdings in AIR PRODS & CHEMS INC (APD) from 73,000 shares to 73,000 shares. The market value increased from $20,966,000 to $21,865,000, resulting in a percentage change of 4.3.

Pacific Heights Asset Management LLC held an impressive investment in FEDEX CORP (FDX), maintaining 78,000 shares in both quarters. The market value increased from $17,822,000 to $19,336,000, representing a positive percentage change of 8.5.

The fund slightly reduced its holdings in PROLOGIS INC (PLD) from 150,000 shares to 150,000 shares. The market value decreased from $18,715,000 to $18,394,000, indicating a percentage change of -1.7.

In conclusion, Pacific Heights Asset Management LLC made various strategic decisions in its portfolio during Q1 2023 and Q2 2023. While some holdings remained unchanged, others experienced changes in share quantities, market values, and percentage changes. It is always interesting to analyze and understand the dynamics of a fund's holdings, as it provides valuable insights into their investment strategy and market trends.

Please note that the discussed information is solely based on the publicly available data and does not constitute investment advice. It is always advisable to consult with a qualified financial advisor or conduct thorough research before making any investment decisions.