Hosking Partners LLP Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investment management firms provide crucial financial services to clients, and it's worth keeping an eye on which companies they invest in. That's where the Securities and Exchange Commission's (SEC) Form 13F comes in. This report requires institutional investment managers with over $100 million in assets under management to disclose a list of all holdings to the SEC. One such company is Hosking Partners LLP. In this article, we'll be delving into Hosking Partners LLP's Q3 2022 vs. Q4 2022 13F holdings comparison.

One of the key metrics to keep an eye on when reviewing 13F filings is the percentage change in holdings. This metric tells us how much of a particular asset the investment manager has bought or sold during the period. Hosking Partners LLP has bought and sold shares across several industries, bringing changes to its holdings. This comparison will help us to identify which stocks Hosking Partners LLP favors and where it is diverging from its previous strategies.

Starting in the financial sector, Hosking Partners LLP has sold around 7.7 percent of its shares in Bank of America Corporation (BAC), dropping its position from 3,943,127 shares in Q3 2022 to 3,872,410 in Q4 2022. This move follows a broader trend of other institutional investors also decreasing their positions in the company over recent quarters. Conversely, Hosking Partners LLP increased its position in Wells Fargo & Company (WFC) by 10.2 percent, growing its holdings from 2,225,279 shares to 2,389,025 shares over the same period.

In the technology industry, Hosking Partners LLP increased its holdings in Google's parent company, Alphabet Inc. Class C (GOOG), by 10.7 percent from 881,056 shares in Q3 2022 to 1,056,724 in Q4 2022. The company's strong performance over the period, driven by robust demand for its advertising services, is likely one factor behind Hosking Partners LLP's decision to add Google shares to its portfolio.

In the insurance sector, Hosking Partners LLP decreased its holdings in American International Group, Inc. (AIG) by 50.4 percent, dropping its position from 1,120,765 shares in Q3 2022 to 1,265,730 shares in Q4 2022. Conversely, the firm increased its position in Synchrony Financial (SYF) by 48.1 percent, growing its overall holdings from 878,596 shares to 1,116,461 shares over the same quarter.

Moving onto the energy sector, Hosking Partners LLP has been active in the stocks of some of the industry's biggest names. The company increased its holdings in ConocoPhillips (COP) by 27.5 percent, growing its position from 400,791 shares to 443,141 shares. Hosking Partners LLP also increased its position in Freeport-McMoRan Inc. (FCX) by 50.6 percent, growing its position from 1,290,043 shares in Q3 2022 to 1,397,462 shares in Q4 2022.

In the transportation industry, the firm increased its position in Delta Air Lines, Inc. (DAL) by 28 percent, growing its holdings from 823,777 shares in Q3 2022 to 901,024 shares in Q4 2022.

In summary, Hosking Partners LLP's 13F filings for Q3 2022 vs. Q4 2022 revealed both purchases and sales across a range of sectors. Reflecting broader market trends and volatility, the company has decreased its holdings in some stocks while also increasing its positions in others. Overall, it appears that Hosking Partners LLP continues to look for new opportunities to diversify its portfolio, seeking out market leadership, strong financials, and sector stability as key indicators of potential success.