The Ups and Downs of P2 Capital Partners, LLC Q3 2022 vs. Q4 2022 13F Holdings

Investing in the stock market is always a little bit of a gamble, and it seems that P2 Capital Partners, LLC experienced both gains and losses in the third and fourth quarters of 2022. According to their most recent 13F holdings, there were quite a few changes in terms of which companies they invested in and how many shares they held. Let's take a closer look at some of the highlights from their Q3 2022 vs. Q4 2022 holdings comparison.

First up, we have CBIZ Inc. P2 Capital Partners held 3,486,031 shares of this stock in Q3 2022, but they decreased that number to 2,759,595 in Q4 2022. That represents a 13.3% change. Similarly, they also reduced their holdings in Acadia Healthcare Company Inc. (ACHC) by 9.8%, going from 1,600,000 shares in Q3 to 1,370,000 in Q4.

However, not all of P2 Capital Partners' changes were decreases. In fact, they actually increased their holdings in some companies. One notable example is Blackbaud Inc. (BLKB). They held 1,367,345 shares of this stock in Q3, but by Q4, they had increased their investment to 1,650,000 shares. That represents a whopping 61.2% change. Other stocks that they increased their holdings in include Blucora Inc. (BCOR) and Mirion Technologies Inc. (MIR), with changes of 32% and 18.5%, respectively.

It's also worth noting that P2 Capital Partners made some significant changes to their holdings in a few companies. For example, they held 2,200,000 shares of Outfront Media Inc. (OUT) in Q3 2022, but that dropped by a staggering 43.2% in Q4 2022, with only 1,250,000 shares held. Similarly, they completely liquidated their holdings in ACI Worldwide Inc. (ACIW) and Brinks Co. (BCO) in Q4, selling off all 2,001,962 and 798,533 shares, respectively.

In terms of overall value, P2 Capital Partners' holdings decreased slightly from Q3 to Q4. In Q3, the total value of their holdings was $781,238,000, while in Q4, that number dropped to $765,977,000, representing a change of -1.96%. However, it's worth noting that this decrease was due in large part to the drop in holdings in Outfront Media Inc.

All of these changes in holdings can feel overwhelming, especially for those who don't have experience with investing. However, it's important to remember that every investment decision comes with some risk, and sometimes those risks don't pan out. P2 Capital Partners' changes in holdings reflect their attempt to mitigate those risks and maximize their returns.

In conclusion, P2 Capital Partners, LLC had a mixed bag of changes in their Q3 2022 vs. Q4 2022 13F holdings. While they decreased their holdings in some companies, they also increased investments in others. They made significant changes to their holdings in a few companies, and their overall value decreased slightly in Q4. These changes reflect their attempt to navigate the market and make the best investment decisions possible.