Analyzing Montgomery Investment Management's Q3 2022 vs. Q4 2022 13F Holdings Shifts

Montgomery Investment Management Inc recently filed its 13F form with the Securities and Exchange Commission (SEC), disclosing its Q3 2022 and Q4 2022 holdings. In this blog post, we will analyze Montgomery Investment Management's holdings, which represent over $1.6 billion in value, and compare the firm's Q3 2022 and Q4 2022 positions. We will examine the firm's top holdings, highlight any significant additions or eliminations, and discuss what the changes could mean for the broader market.

Introduction

13Fs require institutional investors with over $100 million in assets under management to publicly disclose their holdings within 45 days of the end of each quarter. These forms provide valuable insights into institutional investors' investment strategies and can impact the broader market, as investors often follow institutional investors' lead. Montgomery Investment Management Inc is a registered investment adviser that manages over $700 million in assets. The firm primarily invests in technology, consumer discretionary, and financial services companies. In Q4 2022, Montgomery Investment Management's 13F holdings decreased slightly from Q3 2022, with a total value of $1.62 billion. The firm's portfolio was highly concentrated, with its top ten holdings accounting for 56.9% of its total portfolio.

The Top Holdings

Let's take a closer look at Montgomery Investment Management's top holdings:

• TRUIST FINL CORP (TFC): Montgomery Investment Management's top holding in both Q3 2022 and Q4 2022 was TFC. The firm held 469,938 shares in Q3 2022, and while the position size decreased slightly in Q4 2022, TFC remained the firm's top holding.
• UNITED RENTALS INC (URI): Montgomery Investment Management's second-largest holding was URI. The firm increased its position by 150 shares, resulting in 53,500 shares in Q4 2022. The firm's Q3 2022 and Q4 2022 holdings were worth $14,411,000 and $19,014,000, respectively.
• CONOCOPHILLIPS (COP): Montgomery Investment Management held 136,605 shares of COP in both Q3 2022 and Q4 2022, worth $13,980,000 and $16,119,000, respectively.

  Significant Changes

  While the firm's top holdings remained relatively stable, there were several significant changes worth noting. The firm's position in HP Inc (HPQ) decreased by 17,550 shares in Q4 2022. This resulted in a $353,000 reduction in the position's value relative to Q3 2022. Montgomery Investment Management's position in Apple Inc (AAPL) decreased by 541 shares, resulting in a $541,000 reduction in the position's value relative to Q3 2022. In contrast, Montgomery Investment Management increased its position in Diamondback Energy Inc (FANG) by 600 shares, resulting in a $1,010,000 increase in the position's value relative to Q3 2022. The firm increased its position in Wesco International Inc (WCC) by 100 shares, resulting in a $27,000 increase in the position's value relative to Q3 2022.

  Conclusion

  Montgomery Investment Management's ongoing disclosure of its 13F form allows investors to gain insights into its investment strategies and the changes it's making to its portfolio. The firm's Q3 2022 and Q4 2022 holdings show that it's focused on maintaining its top holdings, with minimal changes to its positions. The firm's portfolio remains highly concentrated, which could expose it to potential risks if any of its top holdings face significant declines in value. Overall, analyzing the changes in Montgomery Investment Management's Q3 2022 and Q4 2022 holdings can provide insights into its investment strategy and the broader market's investment opportunities. While investors need to conduct further research before making investment decisions, understanding Montgomery Investment Management's holdings provides a valuable starting point.