Portfolio Changes of Permit Capital, LLC Q3 2022 vs. Q4 2022

Permit Capital, LLC is one of the most prominent investment companies in the United States. It manages a massive portfolio that includes several stocks and shares in various publicly trading companies. As with any investment firm, Permit Capital experienced changes to its holdings between Q3 2022 and Q4 2022. In this blog post, we will take a closer look at these changes.

SBA Communications Corp -2.1%

The shares of SBA Communications Corp saw a decline of 2.1% between Q3 and Q4 2022. In Q3, Permit Capital held 620662 shares of SBA Communications Corp, which decreased to 617225 shares in Q4. The value of these shares also fell from $176,671,000 in Q3 to $173,014,000 in Q4.

CVS Health Corp -7.5%

There was a significant decrease of 7.5% between Q3 and Q4 2022 in the shares of CVS Health Corp. This significant decline saw Permit Capital's shares decrease from 132,500 to 125,500. The value of these shares also saw a fall from $12,637,000 in Q3 to $11,695,000 in Q4.

Alphabet Inc -12.6%

The shares of Alphabet Inc experienced a downfall of 12.6% between Q3 and Q4 2022. In Q3, Permit Capital held 108,663 shares of Alphabet Inc, which then decreased to 103,013 shares in Q4. The value of these shares decreased from $10,453,000 in Q3 to $9,140,000 in Q4.

Pitney Bowes Inc 114.3%

The shares of Pitney Bowes stood out as the highest increase with 114.3% between Q3 and Q4 2022. The shares of the company skyrocketed to 2377615 from 1810000. This increase saw the value of shares rise from $4,217,000 in Q3 to $9,034,000 in Q4, making it a notable gain for Permit Capital.

Other Notable Changes

Permit Capital's position in Interdigital Inc experienced a 22.4% increase as its amount of shares remained almost constant. The value of shares, however, increased from $6,131,000 in Q3 to $7,505,000 in Q4. Further, the shares of Raytheon technologies Corporation also saw progress with a 23.3% increase. The investment firm held 69000 shares of the company, which increased in value from $5648,000 in Q3 to $6963,000 in Q4.

In Conclusion

In conclusion, Permit Capital, LLC, experienced a mix of incline and decline in its holdings between Q3 and Q4 2021. Analysts suggest that these changes are typical for an investment firm, and the company can expect to experience more changes in the future. Nevertheless, the investment firm remains one of the dominant players in the maret, managing a huge portfolio that includes a diverse range of companies.