Fenimore Asset Management Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison

Emerging Trends in Fenimore Asset Management's 13F Holdings: Q3 2023 vs. Q4 2023

Fenimore Asset Management Inc, a renowned investment management firm, recently disclosed its 13F holdings for the third and fourth quarters of 2023. The data reveals interesting shifts in the firm's investment portfolio during this period. In this article, we will delve into the various changes in holdings made by Fenimore Asset Management and analyze the potential implications of these moves.

CDW Corporation - A Decrease in Holdings

One of the notable changes in Fenimore Asset Management's portfolio is the decrease in holdings of CDW Corporation. While the decrease was marginal, amounting to 1.3%, it is noteworthy nonetheless. CDW Corporation, a leading provider of technology solutions, witnessed a decrease from 1,273,548 shares in the third quarter to 1,262,117 shares in the fourth quarter. Similarly, the value of these holdings declined from $256,951,000 to $286,904,000.

Ross Stores, Inc. - A Decline in Holdings

Another shift in Fenimore Asset Management's portfolio is the reduction in holdings of Ross Stores, Inc. Similar to CDW Corporation, the decrease in holdings of Ross Stores, Inc. was relatively modest, standing at 20.7%. The number of shares held by Fenimore Asset Management decreased from 1,671,702 in Q3 2023 to 1,646,915 in Q4 2023. Additionally, the value of these holdings decreased from $188,818,000 to $227,916,000.

Brown & Brown, Inc. - Minimal Changes in Holdings

Fenimore Asset Management's holdings of Brown & Brown, Inc., an insurance brokerage firm, underwent minimal changes during the specified period. The number of shares held by Fenimore Asset Management decreased slightly from 2,430,295 in the third quarter to 2,418,212 in the fourth quarter, equivalent to a decrease of 1.3%. The value of these holdings also experienced a minimal decline from $169,731,000 to $171,959,000.

Implications of Fenimore Asset Management's Portfolio Changes

The changes in Fenimore Asset Management's 13F holdings indicate a dynamic approach to managing their investment portfolio. While some holdings experienced minor decreases, others remained relatively stable. These adjustments suggest that Fenimore Asset Management is actively evaluating and adjusting its investment strategies based on evolving market conditions.

Within the technology sector, Fenimore Asset Management reduced its exposure to CDW Corporation. This move could reflect a shift in market sentiment towards the technology industry during the specified quarter. Further analysis is required to fully understand the rationale behind this decision and its potential implications.

Similarly, the decrease in holdings of Ross Stores, Inc. highlights a potential shift in Fenimore Asset Management's position within the retail industry. This adjustment might be influenced by various factors, including changes in consumer behavior, industry trends, or internal analysis conducted by Fenimore Asset Management.

Conclusion

Fenimore Asset Management's 13F holdings for the third and fourth quarters of 2023 provide valuable insights into the firm's investment strategies. The adjustments made to the portfolio during this period suggest a strategic approach to managing investments based on market conditions and a thorough analysis of individual companies.

Investors and market watchers can use these insights to gain a better understanding of Fenimore Asset Management's investment decisions and potentially identify emerging trends in the market. However, it is important to remember that 13F filings represent a snapshot of a firm's holdings at a particular point in time and do not necessarily reflect its entire investment strategy.

As always, investors are encouraged to conduct their own research and seek professional advice when making investment decisions.