Channing Capital Management's Q3 vs Q4 2022 13F Holdings Comparison: Notable Changes in XPO, MSA Safety, and Coherent Corp.

Channing Capital Management, LLC recently released their Q3 2022 vs. Q4 2022 13F holdings comparison, and there are some notable changes to take note of. In this analysis, we will be summarizing the changes in holdings of this fund based on the CSV provided.

Firstly, one of the largest changes observed is in XPO, Inc. Channing Capital Management held 258,813 shares in the Q3 of 2022, and this has increased significantly to 2,099,196 shares in Q4 of 2022. This is a significant increase of 506.5%, and the value has increased from $11,522,000 to $69,882,000.

The second largest change is in MSA Safety Inc, where the fund has increased its position by 32.4%. There were 541,735 shares held in Q3 of 2022, and this has increased to 543,596 shares in Q4 of 2022. The value has also increased from $59,201,000 to $78,381,000.

Another significant increase has been observed in Coherent Corp, where Channing Capital Management has increased its holding by 37.5%. In Q3 of 2022, there were 1,308,968 shares, and this has increased to 1,787,458 shares in Q4 of 2022. The value has also increased from $45,618,000 to $62,739,000.

One of the largest decreases observed in the fund is in Pacific Premier Bancorp Inc. In Q3 of 2022, Channing Capital Management held 1,787,317 shares, and this has decreased to 1,169,642 shares in Q4 of 2022. This is a reduction of 33.3%, and the value has decreased from $55,335,000 to $36,913,000.

Another notable decrease is in Darling Ingredients Inc, where the fund has decreased its position by 38.2%. There were 1,205,089 shares held in Q3 of 2022, and this has decreased to 787,319 shares in Q4 of 2022. The value has also decreased from $79,717,000 to $49,278,000.

Southstate Corp has also seen a decrease in their holding by 11.4%. In Q3 of 2022, there were 929,513 shares held, and this has decreased to 852,874 shares in Q4 of 2022. The value has also decreased from $73,543,000 to $65,125,000.

Overall, Channing Capital Management's Q3 2022 vs. Q4 2022 13F holdings comparison brings to fore a mix of increases and decreases. However, it is important to note that while some holdings saw increases, others decreased, and this is generally reflective of the volatility of the stock market.