Port Capital LLC Q3 2022 vs. Q4 2022 13F Holdings: Which Stocks Were On the Rise and Which Ones Fell?

The latest 13F filings from Port Capital LLC for Q3 2022 vs. Q4 2022 have been released, giving investors insight into the fund's changes in holdings during this period. While some stocks witnessed a significant increase in shares held and value, others saw a decline. In this article, we will look into the top-performing stocks in Port Capital LLC's 13F holdings, decipher the reasons behind the changes and evaluate the possible implications.

Let's start by analyzing the stocks that performed the best. HEICO CORP NEW CL A (HEI-A) saw a 6.3% increase in its shares held by Port Capital LLC with 15,419 more shares than in Q3 2022. The total value of the shares also rose by 6.3% to $110,071, making it one of the top performers in the fund. Similarly, RLI Corp. COM (RLI) and TELEDYNE TECHNOLOGIES INC COM (TDY) had a notable increase in their shares held and value, with a 29.8% and 22.8% change, respectively. RLI received a boost from its latest Q3 financial reports, which beat market expectations, while Teledyne Technologies' acquisition of FLIR systems has led to positive investor sentiment.

On the other hand, some stocks in Port Capital LLC's holdings took a hit, with a significant drop in shares held and value. The biggest decliner was SWITCH INC CL A, which was liquidated by the fund, with all 147,240 shares sold, indicating a lack of confidence in the stock. Moreover, Petroleo Brasileiro SA Petrobr (PBR) and Amazon.com Inc. COM (AMZN) saw a 100% decline in shares held, reflecting Port Capital LLC's bearish stance on these stocks. Both companies were affected by the current economic climate and regulatory issues, leading to a decline in investor confidence.

It's worth noting that some companies experienced changes with different rationales. For example, MICROSOFT CORP COM (MSFT) experienced a slight decline in shares held (-4.3%), yet the total value for the shares remained stable. The reason could be attributed to the recent technology sell-off, which has led many investors to reallocate their funds, in addition to the announcement of Nadella's retirement as CEO.

In contrast, companies like IDACORP, INC. COM (IDA) and Brookfield Asset Management Inc. COM (BAM) witnessed a decrease in shares held but an increase in total value held. IDACORP may see a positive outlook due to Biden's 20-year energy plan, calling for a shift towards renewable energy sources, while Brookfield Asset Management's active involvement in the infrastructure sector could provide a good long-term investment opportunity.

In conclusion, while some stocks in Port Capital LLC's 13F holdings have performed exceptionally well during Q3 2022 vs. Q4 2022, others have experienced a decline. These results emphasize that fund managers must continually monitor and analyze their holdings, ensuring that they remain compliant with their investment strategy and objectives. Understanding the reasons behind these changes and assessing the potential impact on future market trends will enable investors to make informed investment decisions.