Insights into Private Capital (Trades, Portfolio)'s Latest 13F Filing and Its Impact on Portfolio Dynamics
Private Capital (Trades, Portfolio), under the leadership of Gregg J. Powers, continues to navigate the complex market landscape with strategic investment decisions. Founded by Bruce Sherman in 1986, Private Capital (Trades, Portfolio) Management (PCM) adheres to a rigorous value investing philosophy, aiming to purchase stocks at a significant discount to their intrinsic value. This approach, combined with meticulous research and patience, has guided their investment strategy through various market cycles. The recent 13F filing for the third quarter of 2024 reveals significant adjustments in their portfolio, including new buys, position increases, and notable reductions.
Summary of New Buys
During the third quarter, Private Capital (Trades, Portfolio) expanded its portfolio by adding six new stocks. Noteworthy among these is Vivid Seats Inc (SEAT, Financial), with a purchase of 3,564,025 shares, making up 1.41% of the portfolio and valued at $13.19 million. Other significant additions include H&E Equipment Services Inc (HEES, Financial) and Helmerich & Payne Inc (HP, Financial), enhancing the diversity and potential of Private Capital (Trades, Portfolio)'s investment portfolio.
Key Position Increases
The firm also escalated its stakes in 38 existing holdings. A standout increase was in Secure Energy Services Inc (SECYF, Financial), where the share count surged by 164.89%, reflecting a heightened conviction in the stock's potential. Another notable increase was in Perion Network Ltd (PERI, Financial), which saw a 32.83% rise in shares held by Private Capital (Trades, Portfolio), underscoring its strategic importance in the portfolio.
Summary of Sold Out Positions
Private Capital (Trades, Portfolio) exited 12 positions entirely in this quarter. The divestments include First Busey Corp (BUSE, Financial) and Stoneridge Inc (SRI, Financial), which had respective impacts of -1.09% and -0.13% on the portfolio, indicating significant portfolio realignment.
Key Position Reductions
The most significant reduction was in Imax Corp (IMAX, Financial), where Private Capital (Trades, Portfolio) cut its holding by 81.91%, resulting in a -2.06% portfolio impact. This move comes despite Imax's positive return of 25.43% over the past three months and a 63.52% year-to-date gain, suggesting a strategic shift or risk management decision by Private Capital (Trades, Portfolio).
Portfolio Overview
As of the third quarter of 2024, Private Capital (Trades, Portfolio)'s portfolio comprises 138 stocks, with top holdings in diverse sectors such as Financial Services, Healthcare, and Technology. The portfolio's major positions include Harrow Inc (HROW, Financial), QuinStreet Inc (QNST, Financial), and Lantheus Holdings Inc (LNTH, Financial), highlighting a broad exposure across various industries.
This detailed analysis of Private Capital (Trades, Portfolio)'s latest 13F filing underscores their dynamic and responsive investment strategy, adapting to market conditions while staying true to their value investing roots. The significant changes, particularly in Imax Corp, reflect a strategic realignment that could influence future portfolio performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
