Bridge Creek Capital Management LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

In the ever-evolving landscape of the financial market, staying informed about the latest changes in investment portfolios is crucial. Bridge Creek Capital Management LLC, a prominent investment firm, recently released its Q2 2023 and Q3 2023 13F holdings comparison. This comparison sheds light on the changes in holdings and investments made by the firm during this period. In this article, we will delve into the notable changes in holdings, analyzing the significant movements that occurred and the potential reasons behind them.

Analysis of Q2 2023 vs. Q3 2023 Holdings:

1. Apple Inc (AAPL):

Bridge Creek Capital Management LLC slightly reduced its holdings in Apple Inc, with a decrease of 65235 shares in Q3 2023 compared to Q2 2023. The value of their holdings also decreased by 12.8%. This reduction could be attributed to various factors, such as profit-taking or a shift in investment strategy.

2. Microsoft Corp (MSFT):

Similarly, the firm decreased its holdings in Microsoft Corp by 29566 shares in Q3 2023. The value of their holdings saw a decline of 8.7%. This adjustment could be due to factors such as market conditions or the need to rebalance the portfolio.

3. JPMorgan Chase & Co (JPM):

Bridge Creek Capital Management LLC made minimal changes in its holdings of JPMorgan Chase & Co, with only a slight decrease of 51245 shares in Q3 2023. The value of their holdings saw a marginal decline of 0.7%. This indicates that the firm maintained its position in JPMorgan Chase & Co during this period.

4. Alphabet Inc (GOOG):

In the case of Alphabet Inc, the parent company of Google, Bridge Creek Capital Management LLC decreased its holdings by 54304 shares in Q3 2023. Surprisingly, the value of their holdings increased by 8.2%. This suggests that the firm may have capitalized on the increase in the stock's value before reducing its position.

5. Blackstone Inc (BX):

Bridge Creek Capital Management LLC maintained its position in Blackstone Inc during this period, with virtually no change in the number of shares held. However, the value of their holdings increased by 15.2%. This indicates confidence in Blackstone Inc's performance and potential growth.

6. Procter and Gamble Co (PG):

The firm slightly increased its holdings in Procter and Gamble Co, with an additional 437 shares in Q3 2023. However, the total value of their holdings decreased by 2.9%. This adjustment could be due to profit-taking or a reassessment of the stock's potential.

7. PepsiCo Inc (PEP):

Similar to Procter and Gamble Co, Bridge Creek Capital Management LLC made a slight increase in its holdings of PepsiCo Inc by 36019 shares in Q3 2023. However, the value of their holdings decreased by 8.7%. This could be a result of market conditions or a shift in the firm's investment strategy.

8. Johnson & Johnson (JNJ):

In the case of Johnson & Johnson, the firm slightly reduced its holdings by 35976 shares in Q3 2023. The value of their holdings decreased by 6.3%. This adjustment could be attributed to factors such as profit-taking or a reassessment of the stock's performance.

9. McCormick & Co Inc (MKC):

Bridge Creek Capital Management LLC maintained its holdings of McCormick & Co Inc during this period, with no change in the number of shares held. However, the value of their holdings decreased by 13.3%. This could be due to market conditions or a reassessment of the stock's potential.

10. Caterpillar Inc (CAT):

The firm decreased its holdings in Caterpillar Inc by 18794 shares in Q3 2023. Surprisingly, the value of their holdings increased by 8.5%. This adjustment suggests that the firm strategically capitalized on the stock's value before reducing its position.

Conclusion:

Bridge Creek Capital Management LLC's Q2 2023 vs. Q3 2023 13F holdings comparison provides valuable insights into the investment decisions and strategies of the firm. While some holdings experienced minimal changes, others witnessed significant adjustments. The fluctuations in the holdings and their values can be attributed to various factors, including market conditions, profit-taking, or a reassessment of the stocks' potential. As the financial market continues to evolve, staying informed about these changes is crucial for investors and institutions alike.