Analyzing Fuller & Thaler Asset Management Q3 and Q4 2022 13F Holdings Comparison

As of Q4 2022, Fuller & Thaler Asset Management increased its holdings in several companies, including Fnb Corp, Ensign Group Inc, Columbia Sportswear Co, and Hanover Insurance Group Inc. Meanwhile, the fund decreased its holdings in Graphic Packaging Holding Co, Crown Holdings Inc, and H&R Block Inc. This blog post will delve into the changes in holdings and explore the potential reasons behind them.

Starting with the companies that saw an increase in holdings, Fnb Corp had the largest increase, with Fuller & Thaler Asset Management adding 20.6% in shares, totaling 2,186,742 additional shares. The fund also increased its holdings in Ensign Group Inc by 27.8%, bringing their total shares to 2,595,655. Columbia Sportswear Co saw an increase of 33%, with their holdings rising from 1,347,453 shares in Q3 2022 to 1,377,529 shares in Q4 2022. Hanover Insurance Group Inc rounded out the list of top companies with increased holdings, with the fund adding 5.1% to their holdings, totaling 2,352 additional shares.

On the flip side, Fuller & Thaler Asset Management decreased its holdings in Graphic Packaging Holding Co by 8.2%, with their total shares dropping from 20,615,622 to 16,797,073. Crown Holdings Inc saw a 10.3% decrease in their holdings, with their shares dropping from 1,758,498 in Q3 2022 to 1,553,957 in Q4 2022. Finally, the fund decreased its holdings in H&R Block Inc by 18.9%, with their total shares dropping from 2,287,277 to 2,161,616.

So, why did the fund increase its holdings in some companies and decrease them in others? One possible reason behind the increases is that Fuller & Thaler Asset Management saw potential in these companies' growth prospects. For example, Ensign Group Inc operates in the healthcare industry, which has seen a surge in demand due to the ongoing pandemic. Similarly, Columbia Sportswear Co has benefited from the rise in outdoor activities throughout the pandemic as people look for ways to safely social distance.

As for the companies where Fuller & Thaler Asset Management decreased its holdings, it's possible that the fund felt their growth prospects were not as strong as previously anticipated. For example, H&R Block Inc has faced stiff competition from online tax preparation services, leading to declining revenue in recent years. Meanwhile, Crown Holdings Inc operates in the packaging industry, which has faced supply chain disruptions and rising material costs throughout the pandemic.

In conclusion, Fuller & Thaler Asset Management made several changes to its holdings in Q4 2022, increasing its holdings in some companies while decreasing them in others. By analyzing these changes, we can gain insight into the fund's investment strategy and potential reasons for these moves.