Peregrine Capital Management LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Peregrine Capital Management LLC is a well-known investment management firm that manages various funds and portfolios. The firm recently released its Q2 2023 and Q3 2023 13F holdings, providing valuable insights into the changes in their holdings during this period. In this article, we will discuss the key findings from the report and analyze the implications for investors.

Amazon.com Inc: A Slight Dip

One of the most significant holdings of Peregrine Capital Management LLC is Amazon.com Inc. In Q2 2023, the firm held 827,764 shares of Amazon.com Inc, with a value of $107,907,000. However, in Q3 2023, the number of shares slightly decreased to 827,589, with a value of $105,203,000. This indicates a 2.5% decline in the holding. The slight dip in Amazon.com Inc's shares might be attributed to various factors, such as profit-taking or a shift in investment strategy.

ARES Management Corporation: A Moderate Increase

Peregrine Capital Management LLC also increased its holdings in ARES Management Corporation during the Q2 2023 to Q3 2023 period. In Q2 2023, the firm held 885,824 shares of ARES Management Corporation, valued at $85,349,000. However, by Q3 2023, the number of shares increased marginally to 885,451, with a value of $91,086,000. This represents a 6.7% increase in the holding. The uptick in the holdings of ARES Management Corporation suggests that Peregrine Capital Management LLC has confidence in the company's future prospects.

Alphabet Inc: Stable Holdings

Peregrine Capital Management LLC maintained relatively stable holdings in Alphabet Inc, the parent company of Google, during the Q2 2023 to Q3 2023 period. In Q2 2023, the firm held 606,135 shares of Alphabet Inc, with a value of $72,554,000. By Q3 2023, the number of shares decreased slightly to 605,903, while the value rose to $79,288,000. This indicates a 9.3% increase in the value of the holding. The stable and slightly increasing holdings in Alphabet Inc indicate that Peregrine Capital Management LLC has confidence in the company's long-term growth potential.

Servicenow Inc: Minimal Change

Another stock that witnessed minimal change in holdings by Peregrine Capital Management LLC is Servicenow Inc. In Q2 2023, the firm held 109,531 shares of Servicenow Inc, valued at $61,553,000. By Q3 2023, the number of shares increased slightly to 109,561, while the value decreased to $61,240,000. This represents a minor 0.5% change in the holding. The minimal change in holdings of Servicenow Inc indicates that Peregrine Capital Management LLC perceives the company's performance as relatively stable.

Dexcom Inc: Significant Increase in Holdings

One of the most notable changes in holdings by Peregrine Capital Management LLC is seen in Dexcom Inc. In Q2 2023, the firm held 578,090 shares of Dexcom Inc, with a value of $74,290,000. However, by Q3 2023, both the number of shares and the value increased significantly. The firm held 644,793 shares, valued at $60,159,000, indicating a 19% increase in the holdings. The substantial increase in holdings suggests that Peregrine Capital Management LLC believes in the growth prospects of Dexcom Inc and anticipates strong performance in the future.

Conclusion

The Q2 2023 to Q3 2023 13F holdings comparison by Peregrine Capital Management LLC provides valuable insights into the changes in their holdings during this period. While some holdings witnessed minor fluctuations, others experienced substantial increases or decreases. These changes reflect the investment decisions made by Peregrine Capital Management LLC based on their analysis of market trends and company performance. Investors can use these findings as a reference while making their investment decisions.