F&V Capital Management, LLC Q1 2023 vs. Q2 2023 13F: Major Shifts in Holdings

Introduction:

As the first quarter of 2023 came to a close, F&V Capital Management, LLC made significant changes in its holdings, marking a notable shift in its investment strategy. Comparing the 13F holdings data from Q1 2023 and Q2 2023, we see several issuers experiencing fluctuations in their shares and value. In this article, we will delve deeper into the changes and explore the implications for F&V Capital Management and the market as a whole.

Major Changes in Holdings:

1. Chevron Corp New (CVX):

In Q1 2023, F&V Capital Management held 119,566 shares of Chevron Corp New. However, by Q2 2023, their holdings decreased to 118,266 shares, representing a 4.6% drop. The value of their investment also declined from $19,508,000 to $18,609,000.

2. Oracle Corp (ORCL):

F&V Capital Management held 144,175 shares of Oracle Corp in Q1 2023. However, by Q2 2023, their holdings decreased to 141,075 shares, a decline of 2.1%. Interestingly, despite the reduced share count, the value of their investment increased from $13,397,000 to $16,801,000, indicating a rise of 25.4%.

3. United Rentals Inc (URI):

F&V Capital Management's holdings in United Rentals Inc saw a slight decline from 36,897 shares in Q1 2023 to 36,612 shares in Q2 2023, representing a decrease of 0.8%. The value of their investment, however, increased from $14,602,000 to $16,306,000, indicating an overall positive shift of 11.7%.

4. FedEx Corp (FDX):

Holdings of FedEx Corp remained relatively stable, with F&V Capital Management preserving their position from Q1 2023 to Q2 2023. They held 58,352 shares in both quarters. Although the share count didn't change, the value of their investment increased from $13,333,000 to $14,463,000, showing an 8.5% surge.

5. Medtronic Inc (MDT):

F&V Capital Management's holdings in Medtronic Inc also remained stable between Q1 2023 and Q2 2023. They held 164,390 shares in Q1 2023, which decreased slightly to 163,555 shares in Q2 2023. Despite the marginal reduction in shares, the value of their investment rose from $13,253,000 to $14,409,000, reflecting an 8.7% increase.

6. Raytheon Technologies Corp (RTX):

F&V Capital Management's holdings in Raytheon Technologies Corp experienced a minimal increase. They held 143,294 shares in Q1 2023, which rose to 145,899 shares in Q2 2023, indicating a small uptick of 1.8%. The value of their investment remained relatively constant, with a slight increase from $14,033,000 to $14,292,000.

Conclusion:

The comparison between F&V Capital Management's 13F holdings data reveals noteworthy changes in their investment strategy during Q1 2023 and Q2 2023. While some holdings experienced a decrease in shares, their overall values showed positive growth. This shift highlights F&V Capital Management's dynamic approach and ability to adapt to market conditions. Investors and market watchers should keep a close eye on these developments, as they may provide insights into F&V Capital Management's investment decisions and offer indicators of broader market trends.

Note: The information provided in this article is based on publicly available data and does not constitute investment advice. The purpose of this article is purely informational and does not endorse or promote any specific securities or investments.