DAVENPORT & Co LLC Q2 2023 vs. Q3 2023: A Comparative Analysis of 13F Holdings

Introduction:

In the world of finance, tracking the holdings of a fund is essential to understanding its investment strategy and performance. One such report that provides valuable insights is the 13F filings. These filings, required by the Securities and Exchange Commission (SEC), provide a quarterly snapshot of a fund's holdings. In this article, we will analyze the Q2 2023 and Q3 2023 13F holdings of DAVENPORT & Co LLC and examine the changes in their holdings.

Analyzing DAVENPORT & Co LLC's 13F Holdings:

DAVENPORT & Co LLC is a prominent investment firm known for its astute investment decisions. Let's dive into their Q2 2023 and Q3 2023 13F holdings to gain insights into their investment strategy.

1. MARKEL GROUP INC (MKL):

- In Q2 2023, DAVENPORT & Co LLC held 322,646 shares of MARKEL GROUP INC, with a value of $445,289,000.

- In Q3 2023, their holdings decreased to 308,422 shares, with a value of $456,468,000.

- This represents a decrease of 2.5% in the number of shares held.

2. MICROSOFT CORP (MSFT):

- DAVENPORT & Co LLC held 868,980 shares of MICROSOFT CORP in Q2 2023, valued at $295,161,000.

- Their holdings increased to 946,947 shares in Q3 2023, with a value of $298,610,000.

- This indicates a 1.2% increase in the number of shares held.

3. BROOKFIELD CORP (BN.TO):

- In Q2 2023, DAVENPORT & Co LLC held 8,182,655 shares of BROOKFIELD CORP, valued at $273,312,000.

- Their holdings increased significantly in Q3 2023 to 9,540,134 shares, with a value of $298,319,000.

- This accounts for a substantial increase of 9.1% in the number of shares held.

4. BERKSHIRE HATHAWAY INC DEL (BRK-B):

- DAVENPORT & Co LLC held 836,373 shares of BERKSHIRE HATHAWAY INC DEL in Q2 2023, valued at $284,300,000.

- Their holdings decreased to 761,019 shares in Q3 2023, with a value of $267,491,000.

- This represents a significant decrease of 5.9% in the number of shares held.

5. AMAZON COM INC (AMZN):

- In Q2 2023, DAVENPORT & Co LLC held 1,847,235 shares of AMAZON COM INC, valued at $240,278,000.

- Their holdings slightly increased to 1,896,405 shares in Q3 2023, with a value of $240,918,000.

- This indicates a marginal increase of 0.3% in the number of shares held.

6. ALPHABET INC (GOOGL):

- DAVENPORT & Co LLC held 1,657,279 shares of ALPHABET INC in Q2 2023, valued at $198,098,000.

- Their holdings increased slightly to 1,665,405 shares in Q3 2023, with a value of $218,339,000.

- This represents a modest increase of 10.2% in the number of shares held.

7. APPLE INC (AAPL):

- In Q2 2023, DAVENPORT & Co LLC held 1,176,235 shares of APPLE INC, valued at $227,528,000.

- Their holdings decreased to 1,125,316 shares in Q3 2023, with a value of $192,502,000.

- This accounts for a significant decrease of 15.4% in the number of shares held.

8. DISNEY WALT CO (DIS):

- DAVENPORT & Co LLC held 1,558,393 shares of DISNEY WALT CO in Q2 2023, valued at $139,192,000.

- Their holdings increased significantly to 2,369,114 shares in Q3 2023, with a value of $191,798,000.

- This represents a substantial increase of 37.8% in the number of shares held.

9. JOHNSON & JOHNSON (JNJ):

- In Q2 2023, DAVENPORT & Co LLC held 1,623,693 shares of JOHNSON & JOHNSON, valued at $268,271,000.

- Their holdings decreased to 1,211,990 shares in Q3 2023, with a value of $189,025,000.

- This indicates a significant decrease of 29.5% in the number of shares held.

10. SPDR S&P 500 ETF TR (SPY):

- DAVENPORT & Co LLC held 434,600 put options of SPDR S&P 500 ETF TR in Q2 2023, valued at $192,649,000.

- Their holdings increased marginally to 439,400 put options in Q3 2023, with a value of $187,834,000.

- This indicates a slight decrease of 2.5% in the number of put options held.

Conclusion:

In this article, we analyzed the Q2 2023 and Q3 2023 13F holdings of DAVENPORT & Co LLC, offering insights into their investment strategy. While there were decreases in some holdings, there were also significant increases and marginal changes in others. These changes highlight the dynamic nature of investment decisions and the importance of staying updated on the latest market trends. Investors can use this analysis as a basis for further research and evaluation of DAVENPORT & Co LLC's investment performance.