Tributary Capital Management, LLC-Q3 2023 vs. Q4 2023 13F Holdings Comparison

---

Tributary Capital Management, LLC is a renowned investment management firm known for its expertise in analyzing and managing portfolios. As the year comes to a close, it's time to take a closer look at their Q3 2023 and Q4 2023 13F Holdings. These holdings reflect the securities held by the firm and can provide valuable insights into their investment strategy and decision-making process.

One of the notable changes in Tributary Capital Management's holdings is the decrease in shares of ENPRO INC (Ticker Symbol: NPO). In Q3 2023, the firm held 188,788 shares, but in Q4 2023, the number dropped to 185,514 shares. This decrease in holdings represents a dip of 27.1% in value, from $22,879,000 to $29,077,000.

Similarly, Tributary Capital Management's holdings of ICF INTERNATIONAL INC (Ticker Symbol: ICFI) also witnessed a small dip. In Q3 2023, they held 217,899 shares, which decreased slightly to 214,258 shares in Q4 2023. This decrease represents a decline of 9.1% in value, from $26,324,000 to $28,729,000.

SELECTIVE INS GROUP INC (Ticker Symbol: SIGI), another company within Tributary Capital Management's portfolio, experienced a decrease in shares as well. They held 288,473 shares in Q3 2023, which decreased to 283,601 shares in Q4 2023. This decrease of 5.2% in value reflects a decline from $29,761,000 to $28,212,000.

On the positive side, INTEGER HOLDINGS CORP (Ticker Symbol: ITGR) saw an increase in Tributary Capital Management's holdings. In Q3 2023, the firm held 287,386 shares, which increased to 282,164 shares in Q4 2023. This increase of 24% in value reflects a rise from $22,539,000 to $27,956,000.

COCA-COLA CONSOLIDATED INC (Ticker Symbol: COKE) also witnessed a significant increase in shares held by Tributary Capital Management. In Q3 2023, the firm held 30,340 shares, which further increased to 29,881 shares in Q4 2023. This increase of 43.7% in value represents a rise from $19,305,000 to $27,741,000.

These are just a few examples of the changes in holdings that took place in Tributary Capital Management's portfolio. It's important to note that these changes reflect their analysis of market conditions and their strategy to optimize returns for their clients.

Investors and market analysts can use this information to gain insights into the investment choices made by Tributary Capital Management, LLC. However, it's essential to remember that investment decisions should not be solely based on these holdings and that thorough research and analysis are necessary before making any investment decisions.

As the year progresses, Tributary Capital Management will continue to adapt and optimize their portfolio holdings to navigate the ever-changing market conditions.