Atwood & Palmer Inc Q4 2022 vs. Q1 2023 13F Holdings Comparison

In the investment world, tracking holdings of various funds is an essential activity to keep up with the market trends. One such fund with a significant portfolio is Atwood & Palmer Inc, and their Q4 2022 and Q1 2023 holdings show some interesting changes. In this blog post, we will take a closer look at the changes in their holdings and what they may mean for investors.

First, let's take a quick glance at the CSV. The fund's option type is blank, indicating that they hold only equity shares. The total number of shares has decreased slightly from 2,928,828 to 2,921,025, a drop of 0.27%. At the same time, the value of their portfolio has increased by 4.19% from $538,231 to $560,187. These numbers may seem small, but the devil is in the details, so let's dig deeper.

The Top Holdings

Atwood & Palmer Inc's top holding is in United Rentals Inc (URI), a company involved in the rental and leasing of various equipment, such as generators, tools, and construction equipment. The fund is decreasing the number of shares in URI from 108,675 to 107,504, a 1.08% decrease. Even though the number of shares is decreasing, the Q1 2023 value of their holdings in URI is increasing from $38,625 to $42,545, a 10.2% increase. This may indicate that the fund is bullish on URI's future and could be anticipating an uptick in the company's stock price.

The second top holding is in Lockheed Martin Corp (LMT), a company involved in aerospace, defense, and security solutions. Interestingly, Atwood & Palmer Inc is decreasing holdings in LMT by only 25 shares, from 75,652 to 75,627. However, the Q1 2023 value of their holdings in LMT has decreased from $36,803 to $35,751, a drop of 2.9%. This movement could indicate that the fund is pessimistic about LMT's future and may anticipate a decline in the company's stock price.

Other Top Holdings

Amongst the other top holdings, the fund is increasing its holdings in Regeneron Pharmaceuticals, CDW Corp, Hologic Inc, and Alphabet Inc. Notably, Regeneron Pharmaceuticals has seen a significant increase in holdings, jumping from 41,992 shares to 42,082 shares, a 0.21% increase. The Q1 2023 value of their holdings in Regeneron Pharmaceuticals has increased from $30,296 to $34,577, a significant jump of 14.1%. This could be an indicator of the fund being bullish on the company's future and anticipating a rise in the stock price.

A few top holdings have seen a decrease in holdings from the fund, such as Ameriprise Financial Inc, D R Horton Inc, and Becton Dickinson & Co. Amongst all holdings, the fund has divested its shares the most in PNC Financial Services Group Inc, with the number of shares decreasing from 124,363 to 125,024, but the Q1 2023 value of the holding dropping from $19,641 to $15,890, a significant 19.1% decrease. This move signals that the fund could be bearish on PNC Financial Services Group Inc and suggests that the company's stock price may decline in the near future.

Conclusion

The changes in Atwood & Palmer Inc's holdings indicate that the fund is making some interesting moves. The increases in holdings of Alphabet Inc, Regeneron Pharmaceuticals, and CDW Corp could be indicators of bullishness towards these companies, while the decrease in holdings of PNC Financial Services Group Inc and Becton Dickinson & Co may suggest bearishness. However, these shifts in holdings could be interpreted differently and should not be taken as a solid forecast of what's to come. Still, it's always fascinating to see these moves and try to decipher their meaning.