Changes in Holdings of Leonard Green & Partners, L.P. Q3 2022 vs. Q4 2022

The third and fourth quarters of 2022 saw Leonard Green & Partners, L.P. making interesting changes in their holdings. As the CEO of the firm, it's my pleasure to share the highlights of the new developments in our portfolio.

One of the key changes that we noted in Q4 was maintaining the share levels worth $2,193,130,790 in MISTER CAR WASH INC. The shares that we held in CLARIVATE PLC were reduced by 11.2%, resulting in shares worth $972,998.

Other holdings that experienced an increase in share levels include LIFE TIME GROUP HOLDINGS INC by 22.7%, and WESCO INTL INC by 4.9%, resulting in shares valued at $702,550 and $802,168, respectively.

On the other hand, AERSALE CORPORATION experienced a reduction of 34.8%, worth shares valued at $284,982. The share levels of CATALENT INC and US FOODS HLDG CORP also reduced by 37.7% and 27.6%, respectively. This resulted in shares worth $195,453 and $122,472.

Additionally, JOANN INC experienced the most significant reduction by 56.9%, reducing the former value of $184,321 to a new value of $79,476 in Q4. Other reductions in share levels include CONTAINER STORE GROUP INC by 11.7% and MULTIPLAN CORPORATION by 59.8%.

Our portfolio saw the ADVANTAGE SOLUTIONS INC holding quantity remain constant, while also experiencing a slight reduction of 2.3%.

From the summary of the changes in holdings, it's evident that the firm sought to increase its stake in WESCO INTL INC and LIFE TIME GROUP HOLDINGS INC. These two holdings are promising, and we believe that they will have a positive impact on our portfolio in the future.

In summary, the third and fourth quarters of 2022 saw Leonard Green & Partners, L.P. making significant changes in their holdings. Our focus was to optimize the portfolio by selling shares in companies that didn't meet our expectations and purchasing shares in companies with higher growth potential. It's our hope that this move will result in a promising future for our firm.