A Closer Look at Gagnon Advisors' Q4 2022 vs. Q1 2023 13F Holdings Comparison

Gagnon Advisors, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Gagnon Advisors, LLC is a well-known investment management firm based in New York City that manages more than $1.5 billion in assets. The firm is known for its expertise in identifying investment opportunities that can generate high returns for its clients. This blog will take a closer look at the changes in holdings of this fund from Q4 2022 to Q1 2023 based on the 13F filings submitted to the Securities and Exchange Commission (SEC).

According to the 13F filings, Gagnon Advisors, LLC held 24 different stocks in its portfolio in Q4 2022. By Q1 2023, the number had reduced to 23. This change can be attributed to the sale of shares in Apollo Endosurgery Inc. (ticker: APEN), as the firm decided to completely divest its position in that stock.

The top holdings in both quarters were NAVIGATOR HOLDINGS (ticker: NVGS), AIR LEASE CORP (ticker: AL), and NEW RELIC INC (ticker: NEWR). These stocks accounted for about 19% of the portfolio's total value in both quarters.

However, of the top three holdings, NEWR saw the largest increase in value from Q4 2022 to Q1 2023. The value of Gagnon Advisors, LLC's holdings in NEWR increased by more than 33%, making it the firm's top-performing holding in the quarter. This increase can be attributed to the strong performance of the software company's stock as the tech industry continued to grow in Q1 2023.

Another stock that saw a significant increase in value from Q4 2022 to Q1 2023 was E2OPEN PARENT HOLDINGS INC (ticker: ETWO). The value of Gagnon Advisors, LLC's holdings in ETWO increased by more than 56%. This increase was due to the company's acquisition by Insight Partners, which resulted in a premium being paid for the shares held by Gagnon Advisors, LLC.

On the other hand, ENTERPRISE PRODUCTS PARTNERS LP (ticker: EPD) saw a significant decrease in value from Q4 2022 to Q1 2023. The value of the firm's holdings in EPD decreased by more than 8.7%. This decrease was due to the stock's poor performance in the energy sector, as oil prices continued to fluctuate during this period.

In terms of the percentage of change in value, Gagnon Advisors, LLC's holdings in APOLLO ENDOSURGERY INC (ticker: APEN) saw the biggest change. The firm completely divested its position in this stock during Q1 2023, resulting in a 100% decrease in value. This was due to the company's declining financial performance and weak earnings report during the period.

Other stocks that saw significant changes in holdings include BIOLIFE SOLUTIONS INC (ticker: BLFS), YEXT INC (ticker: YEXT), SECUREWORKS CORP (ticker: SCWX), PROFOUND MED CORP (ticker: PROF), and ZUORA INC (ticker: ZUO). These stocks saw increases in value ranging from 4.4% to 94.2%.

Overall, the changes in holdings of Gagnon Advisors, LLC from Q4 2022 to Q1 2023 reflect the dynamic nature of the market and the firm's ability to adapt to the changing conditions. The firm's strong performance in the tech sector, as evidenced by the increase in value of its holdings in NEWR and ETWO, highlights its ability to identify promising investment opportunities. Conversely, the decrease in value of holdings in stocks such as EPD and APEN reflects the challenges faced by the energy and healthcare sectors.

The fact that the firm divested its entire position in APEN is a bold move that showcases its commitment to maximizing returns for its clients. It will be interesting to see how the portfolio changes in the coming quarters as new investment opportunities arise and market conditions evolve.