Monte Financial Group, LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison

Introduction:

Investment firms are constantly analyzing and adjusting their holdings to optimize their portfolio performance. In this blog post, we will take a closer look at the changes in holdings of Monte Financial Group, LLC between Q3 2023 and Q4 2023. We will explore the companies that saw significant changes in shares held and their corresponding value. Let's dive in!

WELLS FARGO CO NEW COM - A Steady Increase:

One of the companies that saw a notable increase in shares held by Monte Financial Group, LLC was Wells Fargo. In Q3 2023, the firm held 147,655 shares of WFC, which increased to 148,063 shares in Q4 2023. This represents a 0.3% increase in shares. The value of the shares also saw a significant boost, rising from $6,033,000 to $7,287,000 - a notable 20.8% increase. This increase could indicate growing confidence in the company's performance and future prospects.

HOME DEPOT INC COM - Riding the Wave:

Another company that showed positive growth in Monte Financial Group, LLC's holdings is Home Depot. The firm held 19,675 shares of HD in Q3 2023, which increased to 19,816 shares in Q4 2023. This represents a 0.7% increase in shares held. The value of the shares also saw a respectable rise from $5,944,000 to $6,867,000 - a 15.5% increase. Home Depot's consistent performance and the overall strength of the housing market may have contributed to this upward trend in holdings.

TARGET CORP COM - A Significant Surge:

One of the standout performers in Monte Financial Group, LLC's portfolio is Target Corp. In Q3 2023, the firm held 40,544 shares of TGT, which skyrocketed to 47,673 shares in Q4 2023. This represents an impressive 17.6% increase in shares held. The surge in holdings is reflected in the value of the shares, which grew from $4,482,000 to $6,789,000 - a substantial 51.5% increase. Target Corp's strong financial performance and strategic initiatives seem to have attracted the attention of Monte Financial Group, LLC.

DELL TECHNOLOGIES INC CL C - A Minor Dip:

While most of the investments in Monte Financial Group, LLC's portfolio experienced growth, there were a few exceptions. One such company is Dell Technologies Inc. In Q3 2023, the firm held 88,398 shares of DELL, which decreased to 85,648 shares in Q4 2023. This represents a slight 3.1% decrease in shares held. The value of the shares also saw a minor decline, with the value dropping from $6,090,000 to $6,552,000 - a 7.6% decrease. It's important to note that minor fluctuations in holdings are not uncommon and may reflect strategic adjustments rather than a lack of confidence in the company.

Conclusion:

Analyzing 13F holdings is crucial for understanding the investment strategies of firms like Monte Financial Group, LLC. In Q3 2023 vs. Q4 2023, the firm demonstrated a mix of steady increases, significant surges, and minor dips in their holdings. The positive growth of companies like Wells Fargo, Home Depot, and Target Corp highlights the potential for growth and profitability in these companies. While Dell Technologies experienced a minor dip, it's essential to view these changes in the context of overall investment strategies and market trends. As always, the world of investing is dynamic, and these holdings may evolve further in the future as the firm continues to make strategic decisions.