Beddow Capital Management Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison

Texas Pacific Land Corporation Holds Steady as Beddow Capital Management Inc Adjusts its Portfolio

Beddow Capital Management Inc, a renowned investment management firm, has recently released its Q3 2023 and Q4 2023 13F holdings comparison. The data showcases the changes in holdings of various funds managed by the firm during the mentioned periods. As per the report, Beddow Capital Management Inc made significant adjustments to its portfolio, but one notable holding that remained steady is Texas Pacific Land Corporation.

Texas Pacific Land Corporation is a well-established company that deals in land and natural resources management, primarily in West Texas. Despite the overall changes in Beddow Capital Management Inc's portfolio, this particular holding remained consistent with 11,413 shares in Q3 2023 and 10,952 shares in Q4 2023. The value of these shares also decreased from $20.8 million in Q3 2023 to $17.2 million in Q4 2023, reflecting a decline of 17.3%.

Investor AB 'B': A Promising Addition to Beddow Capital Management Inc's Portfolio

Among the changes made by Beddow Capital Management Inc in its portfolio, Investor AB 'B' stands out as a promising addition. Beddow Capital Management Inc increased its holdings, with 529,331 shares in Q3 2023 and 525,731 shares in Q4 2023. This adjustment resulted in a rise in the value of shares from $10.1 million in Q3 2023 to $12.1 million in Q4 2023, indicating a remarkable increase of 19.2%.

Investor AB 'B' is a leading Swedish investment company that actively manages and invests in various industries, including finance, healthcare, and technology. Beddow Capital Management Inc's decision to increase its holdings suggests a positive outlook for the company and its potential growth in the coming quarters.

International Business Machines (IBM): A Stable Investment Choice

Beddow Capital Management Inc's holdings also witnessed stability through its investment in International Business Machines (IBM). Despite the fluctuations in other holdings, the firm maintained a consistent position, with 62,020 shares in Q3 2023 and 63,092 shares in Q4 2023.

International Business Machines (IBM) is a renowned multinational technology company specializing in computer hardware, software, and IT consulting services. The consistent holdings by Beddow Capital Management Inc reflect the firm's trust in IBM's long-term growth potential and stability in the market.

Banco Latinoamericano de Expor (BLX): Slight Decrease in Holdings

On the other hand, Beddow Capital Management Inc made a slight adjustment to its holdings in Banco Latinoamericano de Expor (BLX). The firm reduced its holdings from 414,574 shares in Q3 2023 to 395,324 shares in Q4 2023.

Banco Latinoamericano de Expor (BLX) is a leading bank based in Panama, specializing in trade and project finance solutions for Latin American and Caribbean countries. Despite the decrease in holdings, the value of Beddow Capital Management Inc's shares in BLX only experienced a marginal decline from $8.8 million in Q3 2023 to $9.8 million in Q4 2023, representing a decrease of 11.3%.

Mesabi Trust Ctfs (MSB): Minimal Adjustment in Holdings

Beddow Capital Management Inc also made a minimal adjustment to its holdings in Mesabi Trust Ctfs (MSB). The firm slightly reduced its holdings from 456,473 shares in Q3 2023 to 453,632 shares in Q4 2023.

Mesabi Trust Ctfs is a trust established to receive royalties from iron ore mining activities in Minnesota. The marginal decrease in holdings suggests that Beddow Capital Management Inc continues to view Mesabi Trust Ctfs as a stable long-term investment choice.

AbbVie Inc. (ABBV): A Modest Increase in Holdings

Beddow Capital Management Inc increased its holdings in AbbVie Inc. (ABBV), a global pharmaceutical company specializing in research and development of various therapeutic areas. The firm's holdings rose from 53,313 shares in Q3 2023 to 53,763 shares in Q4 2023.

This adjustment resulted in an increase in the value of shares from $7.9 million in Q3 2023 to $8.3 million in Q4 2023, indicating a growth rate of 4.8%. Beddow Capital Management Inc's decision to increase its holdings in AbbVie Inc. reflects its confidence in the company's performance and potential for future growth in the pharmaceutical industry.

Johnson & Johnson (JNJ): A Steady Holding Amidst Portfolio Adjustments

Meanwhile, Beddow Capital Management Inc also maintained a steady holding in Johnson & Johnson (JNJ), one of the largest pharmaceutical and consumer goods companies globally. The firm's holdings remained consistent with 49,718 shares in Q3 2023 and 50,143 shares in Q4 2023.

Despite the slight increase in holdings, the value of Beddow Capital Management Inc's shares in Johnson & Johnson experienced a minimal growth rate of 1.5%, from $7.7 million in Q3 2023 to $7.9 million in Q4 2023. Nonetheless, the decision to retain the holdings reflects Beddow Capital Management Inc's confidence in the stability and potential growth of Johnson & Johnson in the healthcare sector.

Conclusion

Beddow Capital Management Inc's Q3 2023 vs. Q4 2023 13F holdings comparison reveals several notable changes to its portfolio. While the firm made adjustments to various holdings, Texas Pacific Land Corporation remained steady, Investor AB 'B' emerged as a promising addition, and companies like International Business Machines (IBM) and AbbVie Inc. witnessed stable or modest increases in holdings.

These adjustments reflect Beddow Capital Management Inc's strategic approach to managing its portfolio and optimizing its investment choices. As the investment landscape continues to evolve, it will be interesting to see how these holdings perform in the coming quarters and how Beddow Capital Management Inc adapts its portfolio accordingly.