# Sturgeon Ventures LLP

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1720346. Source: https://holderbook.com/funds/1720346-sturgeon-ventures-llp/

- Reported value: $76.0M
- Positions: 43
- Weight of the ten largest: 76.6%
- Filed: 2023-10-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $11.5M | 38,368 | 15.2% | 4 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $9.7M | 22,362 | 12.8% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.1M | 19,338 | 8.0% | 19 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $5.7M | 33,426 | 7.5% | 16 |
| FORTINET INC | [FTNT](https://holderbook.com/stocks/FTNT/) | $4.9M | 83,015 | 6.4% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.7M | 35,612 | 6.1% | 3 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $4.5M | 1,452 | 5.9% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $3.8M | 13,955 | 5.0% | 4 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $3.8M | 7,876 | 5.0% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.5M | 8,216 | 4.6% | 6 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $2.7M | 13,292 | 3.5% | 3 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $2.7M | 34,008 | 3.5% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.5M | 7,092 | 3.3% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.2M | 17,459 | 2.9% | 1 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $1.9M | 1,016 | 2.4% | 5 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.8M | 6,817 | 2.4% | 3 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $1.6M | 1,712 | 2.0% | 4 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.5M | 573 | 1.9% | 4 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $237.9K | 679 | 0.3% | 2 |
| INVESCO EXCHANGE TRADED FD T | [PKW](https://holderbook.com/stocks/PKW/) | $131.1K | 1,457 | 0.2% | 4 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $99.2K | 467 | 0.1% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $90.4K | 435 | 0.1% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $71.8K | 312 | 0.1% | 3 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $58.4K | 180 | 0.1% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $34.6K | 170 | 0.0% | 3 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $24.2K | 105 | 0.0% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $23.7K | 180 | 0.0% | 3 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $23.7K | 140 | 0.0% | 4 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $23.7K | 170 | 0.0% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $22.8K | 215 | 0.0% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $19.8K | 369 | 0.0% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $19.2K | 173 | 0.0% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $18.0K | 328 | 0.0% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $17.9K | 174 | 0.0% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $16.7K | 115 | 0.0% | 3 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $14.0K | 85 | 0.0% | 3 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $12.6K | 155 | 0.0% | 3 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $12.5K | 80 | 0.0% | 3 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $11.6K | 105 | 0.0% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $11.5K | 60 | 0.0% | 3 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $11.0K | 185 | 0.0% | 2 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $10.7K | 33 | 0.0% | 3 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $10.1K | 105 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2023 | -3.7% | -3.6% | -0.2% | 100% |
| Q2 2023 | +17.3% | +8.3% | +9.1% | 100% |
| Q1 2023 | +14.9% | +7.0% | +7.8% | 100% |
| Q4 2022 | -4.7% | +7.1% | -11.7% | 100% |
| Q3 2022 | -6.7% | -5.3% | -1.4% | 100% |
| Q2 2022 | -25.9% | -16.5% | -9.4% | 99% |
| Q1 2022 | -13.2% | -4.9% | -8.3% | 99% |
| Q4 2021 | +11.7% | +10.7% | +1.0% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $76.0M | 43 |
| Q2 2023 | $73.8M | 44 |
| Q1 2023 | $65.7M | 42 |
| Q4 2022 | $124.1M | 41 |
| Q3 2022 | $130.4M | 34 |
| Q2 2022 | $148.9M | 34 |
| Q1 2022 | $185.3M | 30 |
| Q4 2021 | $219.5M | 40 |
| Q3 2021 | $207.2M | 45 |
| Q2 2021 | $201.5M | 44 |
| Q1 2021 | $173.1M | 43 |
| Q4 2020 | $160.5M | 44 |