Trinity Street Asset Management LLP Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

Trinity Street Asset Management LLP has released its Q2 2023 and Q3 2023 13F holdings comparison report, providing insights into the changes in their investment portfolio during this period. This article will analyze the significant shifts in holdings to help investors better understand Trinity Street's investment strategy and identify any noteworthy trends.

Rise and Fall: Notable Changes in Holdings

1. ICON PLC (ICLR):

- Q2 2023 (SHARES): 694,703

- Q3 2023 (SHARES): 632,255

- Q2 2023 VALUE ($000): 173,814

- Q3 2023 VALUE ($000): 155,692

- Percentage Change: -10.4%

Trinity Street Asset Management LLP reduced its holdings in ICON PLC by approximately 10.4% during Q2 2023 and Q3 2023. This decrease may indicate a change in their outlook on the company's performance or a reallocation of funds to other investments.

2. RYANAIR HOLDINGS PLC (RYAAY):

- Q2 2023 (SHARES): 1,224,300

- Q3 2023 (SHARES): 1,375,700

- Q2 2023 VALUE ($000): 135,407

- Q3 2023 VALUE ($000): 133,731

- Percentage Change: -1.2%

Trinity Street Asset Management LLP slightly increased its holdings in RYANAIR HOLDINGS PLC by 1.2%. This indicates a cautious approach to the airline sector, considering the challenging market conditions and uncertainties surrounding the industry's recovery.

3. TAIWAN SEMICONDUCTOR MFG LTD (TSM):

- Q2 2023 (SHARES): 1,045,000

- Q3 2023 (SHARES): 1,175,358

- Q2 2023 VALUE ($000): 105,461

- Q3 2023 VALUE ($000): 102,138

- Percentage Change: -3.2%

Trinity Street Asset Management LLP experienced a slight decrease of 3.2% in its holdings of TAIWAN SEMICONDUCTOR MFG LTD. This adjustment might be influenced by market conditions and performance expectations for the semiconductor industry.

4. KB FINANCIAL GROUP INC (KB):

- Q2 2023 (SHARES): 2,139,059

- Q3 2023 (SHARES): 2,085,622

- Q2 2023 VALUE ($000): 77,861

- Q3 2023 VALUE ($000): 85,739

- Percentage Change: 10.1%

Trinity Street Asset Management LLP increased its holdings in KB FINANCIAL GROUP INC by 10.1%. This indicates confidence in the financial sector's prospects or a strategic decision based on specific market conditions affecting this particular company.

5. LIBERTY GLOBAL PLC (LBTYK):

- Q2 2023 (SHARES): 3,512,771

- Q3 2023 (SHARES): 2,211,920

- Q2 2023 VALUE ($000): 62,421

- Q3 2023 VALUE ($000): 41,053

- Percentage Change: -34.2%

Trinity Street Asset Management LLP significantly reduced its holdings in LIBERTY GLOBAL PLC by approximately 34.2%. This substantial decrease suggests a change in their investment strategy or concerns about the company's future performance.

Other Noteworthy Changes:

- ALPHABET INC (GOOGL):

Trinity Street Asset Management LLP increased its holdings in ALPHABET INC by 12.5%, indicating confidence in the technology giant's long-term growth prospects.

- AMAZON COM INC (AMZN):

There was a marginal increase of 0.5% in Trinity Street's holdings of AMAZON COM INC, reflecting the company's continued dominance in the e-commerce and cloud services market.

- MICROSOFT CORP (MSFT):

Trinity Street Asset Management LLP slightly decreased its holdings in MICROSOFT CORP by 4.7%. This adjustment may be due to profit-taking or reallocation of funds to other promising technology companies.

Conclusion:

Trinity Street Asset Management LLP's Q2 2023 vs. Q3 2023 13F holdings comparison shows both increases and decreases in their portfolio. While they reduced their holdings in some companies, they also increased their investments in others. These changes reflect their assessment of various market factors, industry conditions, and investment opportunities. Investors should carefully analyze these shifts to gain insights into Trinity Street's investing strategy and consider them in their own investment decisions.

Note: The data presented in this article is based on publicly available information and should not be considered as financial advice. It is advisable to conduct further research and consult with a financial advisor before making any investment decisions.