Benson Investment Management Company, Inc. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investing in the stock market can be a lucrative endeavor, but it requires careful analysis and strategic decision-making. One way that investors gauge market trends and make informed choices is by examining the 13F filings, which provide a snapshot of a fund's holdings. In this article, we will delve into the Q2 2023 vs. Q3 2023 13F holdings comparison of Benson Investment Management Company to gain insights into the changes in their portfolio.

Microsoft Corp: A Steady Performer

One of the notable holdings of Benson Investment Management Company is Microsoft Corp. In Q2 2023, the fund held 30,864 shares of Microsoft, with a total value of $10,510,000. However, in Q3 2023, the number of shares increased slightly to 30,916, but the value decreased to $9,761,000, representing a 7.1% decrease in value. Despite the slight decrease, Microsoft remains a strong performer and a popular choice among investors.

Apple Inc: Weathering the Storm

Apple Inc. is another significant holding in Benson Investment Management Company's portfolio. In Q2 2023, the fund held 56,578 shares of Apple, with a total value of $10,974,000. However, in Q3 2023, there was a slight decrease in the number of shares to 56,094, and the value dipped to $9,603,000, representing a 12.5% decrease. Despite the decrease, Apple continues to be a resilient company, known for its innovation and customer loyalty.

Alphabet Inc: A Striking Increase

One of the standout changes in Benson Investment Management Company's portfolio is the significant increase in shares of Alphabet Inc (Google). In Q2 2023, the fund held 39,140 shares of Alphabet, with a total value of $4,734,000. However, in Q3 2023, the number of shares skyrocketed to 49,582, and the value increased to $6,537,000, representing a remarkable 38.1% growth. This change reflects the positive sentiment surrounding Alphabet and its dominance in the tech industry.

Berkshire Hathaway Inc Del: A Slight Dip in Value

Benson Investment Management Company also had holdings in Berkshire Hathaway Inc Del, the multinational conglomerate led by Warren Buffett. In Q2 2023, the fund held 18,514 shares, with a total value of $6,313,000. However, in Q3 2023, while the number of shares decreased to 17,664, the value slightly dropped to $6,187,000, representing a 2% decrease. Despite the slight dip, Berkshire Hathaway Inc Del remains a favored investment for many long-term investors.

International Business Machs: A Modest Increase

Another interesting change in the fund's holdings is International Business Machs (IBM). In Q2 2023, the fund held 35,658 shares of IBM, with a total value of $4,771,000. However, in Q3 2023, there was a modest increase in the number of shares to 35,987, and the value increased to $5,048,000, representing a 5.8% growth. This change reflects the positive sentiment surrounding IBM's strategic focus on emerging technologies such as cloud computing and artificial intelligence.

Valero Energy Corp: A Significant Jump in Value

Valero Energy Corp, a leading global energy company, also saw a noteworthy change in Benson Investment Management Company's portfolio. In Q2 2023, the fund held 27,578 shares of Valero Energy Corp, with a total value of $3,234,000. However, in Q3 2023, the number of shares increased to 32,437, and the value jumped to $4,596,000, representing an impressive 42.1% increase. This change reflects the positive outlook on the energy sector, even amid evolving industry dynamics.

Parker-Hannifin Corp: A Slight Decrease

A slight decrease can be observed in the holdings of Parker-Hannifin Corp by Benson Investment Management Company. In Q2 2023, the fund held 11,857 shares of Parker-Hannifin Corp, amounting to $4,624,000. However, in Q3 2023, while the number of shares decreased slightly to 11,747, the value dipped to $4,575,000, indicating a 1.1% decrease. Despite this minor adjustment, Parker-Hannifin Corp remains a prominent player in the industrial sector.

UnitedHealth Group Inc: A Modest Increase

Benson Investment Management Company also shows a slight increase in holdings of UnitedHealth Group Inc. In Q2 2023, the fund held 8,729 shares of UnitedHealth Group, with a total value of $4,195,000. In Q3 2023, there was a minor increase in the number of shares to 8,735, and the value rose to $4,404,000, representing a 5% growth. This change reflects the resilience of the healthcare sector, particularly amid the ongoing global health challenges.

Apollo Global Mgmt Inc: A Substantial Increase

A standout change in Benson Investment Management Company's portfolio is the substantial increase in holdings of Apollo Global Mgmt Inc. In Q2 2023, the fund did not hold any shares of Apollo Global Mgmt Inc. However, in Q3 2023, the fund acquired 48,314 shares, amounting to $4,336,000. This change reflects the fund's confidence in the prospects of Apollo Global Mgmt Inc and its investments in various industries.

Schlumberger Ltd: A Minor Increase

Another noteworthy change is the minor increase in holdings of Schlumberger Ltd. In Q2 2023, the fund held 74,107 shares of Schlumberger Ltd, with a total value of $3,640,000. However, in Q3 2023, there was a slight increase in the number of shares to 73,618, and the value rose to $4,291,000, representing a 17.9% growth. This change reflects the positive sentiment surrounding Schlumberger Ltd's position as a prominent provider of technology and services to the energy industry.

Conclusion

Analyzing the Q2 2023 vs. Q3 2023 13F holdings comparison of Benson Investment Management Company provides valuable insights into their portfolio changes. While some holdings experienced minor adjustments in value, others showcased significant growth. It is crucial to consider these changes in the context of market trends and the fund's investment strategy. As always, investors should conduct thorough research and consult with financial professionals before making any investment decisions.