A Deep Dive into Penn Capital Management's Q3 2022 vs. Q4 2022 13F Holdings Comparison
Ava Hoppe | 1 May, 2023
Penn Capital Management Company, LLC is a Philadelphia-based investment management firm with over 15 years of experience in the field. Its Q3 2022 vs. Q4 2022 13F Holdings Comparison, as reported in the latest SEC filing, reflects some significant changes in the fund's stock holdings.
After analyzing the data, we've parsed it down to the 35 stocks that saw the biggest changes in holdings between Q3 2022 and Q4 2022. We've also uncovered some key insights into what drove these changes in Penn Capital Management's portfolio.
First and foremost, we need to take a look at the big picture. The total value of Penn Capital Management's holdings increased by 3.6% between Q3 and Q4, with the value of its holdings increasing from $1.99 billion to $2.06 billion. This is a solid indication that the fund is performing well overall, but as we dig a little deeper, some more nuanced trends emerge.
One of the biggest standouts from the data is Weatherford International Plc (WFRD), which saw a decrease in holdings of 26.50% from Q3 to Q4. The company's position in the fund dropped from 805,975 shares to 593,048 shares, and the value of its holdings decreased from $26.01 million to $29.93 million.
In contrast, H&E Equipment Services Inc (HEES) saw a significant increase in holdings of 15.10% from Q3 to Q4. The company's position in the fund increased from 506,051 shares to 426,530 shares, and the value of its holdings increased from $14.38 million to $19.42 million.
Perhaps one of the most interesting stories on this list is that of Rambus Inc (RMBS). The company saw a drastic reduction in holdings of 38.15% from Q3 to Q4. Its position in the fund decreased from 514,869 shares to 316,189 shares, and the value of its holdings decreased from $13.10 million to $11.34 million. This could indicate that Penn Capital Management is losing confidence in the company's long-term prospects.
On the flip side, Allegro MicroSystems Inc (ALGM) saw a massive increase in holdings of 519.20% from Q3 to Q4. The company's position in the fund increased from 98,654 shares to 450,489 shares, and the value of its holdings increased from $2.19 million to $13.58 million. This suggests that Penn Capital Management has high hopes for Allegro's future growth potential.
Overall, these are just a few snapshots of the trends we spotted when analyzing Penn Capital Management Company's Q3 2022 vs. Q4 2022 13F Holdings Comparison. There are clearly a mix of gains and losses across the fund's holdings, indicating that the investment team is carefully managing their portfolio and making judicious stock purchases and sales to ensure strong returns for their investors.
As always, it's important to keep in mind that past performance doesn't guarantee future results. However, this data does offer key insights into Penn Capital Management's current investment strategy, which can be valuable information for both current and prospective investors in the fund.
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