Benin Management CORP Q2 2023 vs. Q3 2023: An In-Depth Comparison of Holdings

Benin Management CORP has recently released its 13F holdings report for the second and third quarters of 2023. This report provides valuable insights into the changes in holdings and investment strategies employed by the company. In this article, we will analyze the key holdings that saw significant changes and discuss the potential reasons behind these decisions.

1. SPDR S&P 500 ETF TR (SPY)

- Q2 2023 (SHARES): 213,028

- Q3 2023 (SHARES): 212,408

- Q2 2023 VALUE ($000): 94,431

- Q3 2023 VALUE ($000): 90,800

- Chg %: -3.8

The holding of SPY, a popular exchange-traded fund that tracks the performance of the S&P 500 index, decreased slightly by 3.8% from Q2 to Q3. This reduction may indicate a reallocation of assets by Benin Management CORP across other investment opportunities.

2. APPLE INC (AAPL)

- Q2 2023 (SHARES): 135,190

- Q3 2023 (SHARES): 134,998

- Q2 2023 VALUE ($000): 26,222

- Q3 2023 VALUE ($000): 23,112

- Chg %: -11.9

Benin Management CORP decreased its holdings in Apple Inc by 11.9% during the quarter. The decrease in value can be attributed to a shift in investment strategy or profit-taking, as Apple Inc's stock experienced some volatility during this period.

3. MICROSOFT CORP (MSFT)

- Q2 2023 (SHARES): 53,311

- Q3 2023 (SHARES): 52,778

- Q2 2023 VALUE ($000): 18,154

- Q3 2023 VALUE ($000): 16,664

- Chg %: -8.2

The holdings of Microsoft Corp by Benin Management CORP declined by 8.2% in the third quarter. This reduction could be a strategic move to allocate funds to other stocks or sectors with potentially higher growth prospects.

4. VISA INC (V)

- Q2 2023 (SHARES): 51,137

- Q3 2023 (SHARES): 50,937

- Q2 2023 VALUE ($000): 12,143

- Q3 2023 VALUE ($000): 11,715

- Chg %: -3.5

Benin Management CORP slightly reduced its holdings in Visa Inc by 3.5%. Visa Inc is a leading global payment technology company, and this adjustment in holdings might be driven by various factors, including market conditions and the company's performance.

5. PEPSICO INC (PEP)

- Q2 2023 (SHARES): 64,046

- Q3 2023 (SHARES): 63,781

- Q2 2023 VALUE ($000): 11,862

- Q3 2023 VALUE ($000): 10,807

- Chg %: -8.9

The holdings of PepsiCo Inc decreased by 8.9% from Q2 to Q3. This change could be a result of portfolio rebalancing or profit-taking, influenced by the performance and outlook of PepsiCo Inc.

6. Other Notable Holdings

Apart from the above-mentioned holdings, Benin Management CORP also made significant changes in other companies' stocks. The holdings in Exxon Mobil Corp increased by 9.6%, while the holdings in United Parcel Service Inc declined by 12.7%. These adjustments indicate the dynamic nature of investment strategies employed by Benin Management CORP.

In conclusion, Benin Management CORP's 13F holdings report for Q2 2023 and Q3 2023 provides valuable insights into the company's investment decisions and portfolio adjustments. The changes in holdings reflect the ever-changing investment landscape and the need to adapt to market conditions. It is important to note that these decisions are based on various factors such as company performance, market conditions, and investment objectives.