Comparing Uncommon Cents Investing LLC's Q4 2022 and Q1 2023 13F Holdings

Uncommon Cents Investing LLC is a hedge fund based in the United States that specializes in long and short equity investments. The firm recently released its Q4 2022 and Q1 2023 13F holdings, and we're exploring some of the significant changes. In this article, we'll review these changes, analyze the biggest movers in the portfolio and discuss the implications of these changes.

Firstly, the firm added 478,000 shares of Microsoft Corp (MSFT) to its portfolio, increasing its previous shares of 33,360 to 33,838 in Q1 2023; this is an increase of 21.9% in value from $8,000 to $9,755, respectively. ASA Gold and Precious Metals Ltd. (ASA) is another stock that saw an increase of 11.3% in value, with the firm adding 3,865 shares to bring its total shares to 568,024.

However, some companies saw a decrease in shares and value. Archer-Daniels-Midland Company (ADM) saw the largest decrease in the portfolio, with Uncommon Cents Investing LLC reducing its shares by 1,860 and bringing the total shares to 86,245 in Q1 2023. This 15.5% decrease in shares led to a decrease in value of $1,259 as the company's value decreased from $8,129 to $6,870.

Let's dive into the top movers in the portfolio

Kroger Co (KR)

Kroger is a Cincinnati-based retail company that sells food, clothing, and other consumer goods. The hedge fund decreased its holdings in the company, reducing its shares by 1,540 to bring its total shares to 178,580. This decrease was accompanied by a decrease in value of $200, leading to a 10% drop in value from $8,016 in Q4 2022 to $8,816 in Q1 2023.

ConocoPhillips (COP)

ConocoPhillips is an American multinational energy corporation based in Houston, Texas. Uncommon Cents Investing LLC saw a decrease of 1,565 shares in the company, bringing its total shares to 61,045 in Q1 2023. This decrease resulted in a decrease in value of $1,331, with the company's value dropping from $7,387 to $6,056. This represented an 18% decrease in value between Q4 2022 and Q1 2023.

Pimco ETF TR (MINT)

Uncommon Cents Investing LLC saw a decrease in its holdings in Pimco ETF TR in Q1 2023, as its shares went down by 1,875, resulting in the company's value dropping from $6,035 to $5,886, a 2.5% decrease in value.

Weyerhaeuser Co (WY)

Weyerhaeuser Co is a timberland company based in Seattle, Washington. The firm added 550 shares to its holdings in Q1 2023, bringing its total shares to 189,409. However, this resulted in a 2.6% decrease in value from $5,859 in Q4 2022 to $5,706 in Q1 2023.

Raytheon Technologies Corp (RTX)

Raytheon Technologies Corp is an aerospace and defense company based in Waltham, Massachusetts. The hedge fund saw a decrease of 954 shares, reducing its total shares to 53,374 in Q1 2023. This decrease of shares resulted in a decrease of value from $5,400 to $5,226, a decrease of 3.2% in value between Q4 2022 and Q1 2023.

Conclusion

The changes in the fund's holdings for Q1 2023 indicate that the Uncommon Cents Investing LLC made some strategic moves throughout the time period, selling some of its holdings, while adding to others. As always, it's essential to remember that these moves aren't a guarantee of success or failure. It's important for investors to conduct adequate research before investing in any company, considering both its short- and long-term prospects, among other relevant factors.