Pillar Pacific Capital Management LLC's Q1 2021 13F report reveals top holdings and changes in investments

Pillar Pacific Capital Management LLC, a hedge fund based in San Francisco, released its Q1 2021 13F report, detailing the changes in its holdings from the previous quarter, Q4 2020. The report shows the fund's top holdings, the changes in the number of shares held, the value of those shares in dollars, and the percentage change from the previous quarter. This information provides valuable insight into the fund's investment strategy and can serve as a guide for investors looking to make similar investment decisions.

The report shows that Pillar Pacific Capital Management LLC increased its stake in several companies while decreasing its holdings in others. The fund's top five holdings remained unchanged, with Apple Inc. (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), Applied Materials Inc (AMAT), and Taiwan Semiconductor Co ADR (TSM) retaining their positions at the top of the list. However, the number of shares held by the fund in these companies increased or decreased during the quarter, with only TSM showing a slight increase of 5.7%.

While AAPL held its position as the top holding of the fund, the number of shares held remained nearly the same, increasing only 0.4% from Q4 2020. However, the fund's stake in AAPL decreased in value by 7.5% from the previous quarter. On the other hand, the fund's stake in MSFT increased both in shares and value, with a 6.7% increase in shares and a 6.3% increase in value. AMZN, another of the fund's top holdings, saw a decrease in both the number of shares and the value of those shares, down 7.8% from Q4 2020.

The report also shows that the fund increased its holdings in some companies significantly. DEERE & CO (DE) saw the largest increase in the number of shares held by the fund, up 37.1% from Q4 2020, with a corresponding increase in value of 36.9%. The fund also increased its stake in Lowes Companies Inc (LOW) and Caterpillar Inc (CAT), with both showing gains of around 22% in the number of shares held and a corresponding increase in value of approximately 22% and 29%, respectively.

Other notable increases in the fund's holdings include Union Pacific Corp (UNP), gaining 8.8% in the number of shares held, with a corresponding increase in value of 8.2%. Norfolk Southern Corp (NSC) saw an increase of 16.3% in the number of shares held by the fund, with a corresponding increase in value of 16.1%. Also, the fund increased its holdings in Freeport-McMoRan Copper (FCX) with a gain of 27% in the number of shares held, with a corresponding increase in value of approximately 27%.

There were also some notable decreases in the fund's holdings during Q1 2021. Some of the biggest declines include Resmed Inc (RMD), with the fund reducing its stake in the company by 6.5% from Q4 and a corresponding decrease in value of 13.7%. Nice Ltd (NICE) saw the most significant decrease in the number of shares held by the fund, down by 20.3% from Q4 2020, with a corresponding decrease in value of approximately 19.9%.

The report also shows that there were some holdings that remained relatively unchanged, with minimal changes in both the number of shares held and the corresponding value. For example, Bank of America (BAC), Stryker Corp (SYK), and Gilead Sciences Inc (GILD) all showed minor changes in both the number of shares held and the corresponding value.

In conclusion, the Q1 2021 13F report from Pillar Pacific Capital Management LLC offers insight into the fund's investment strategy and performance during the quarter. While some holdings remained relatively unchanged, others saw significant increases or decreases in the number of shares held and the corresponding value. Investors may use this information to gain insight into the fund's investment strategy and to consider investing in similar companies or funds. However, it's important to remember that past performance does not guarantee future results, and investing always carries risks.