Oldfield Partners' Q1 2023 vs. Q2 2023: Analyzing Changes in Holdings

In the world of finance, keeping track of the ever-changing landscape of investments is crucial. One way this is done is through the submission of Form 13F, a quarterly report that discloses a fund's holdings. Oldfield Partners LLP recently submitted its 13F report for the first and second quarters of 2023, shedding light on the changes in their holdings during this period.

Let's dive into the data and analyze the key takeaways from Oldfield Partners' Q1 2023 vs. Q2 2023 13F holdings comparison.

BRK-B: Berkshire Hathaway Inc Del

Oldfield Partners held 416,953 shares of Berkshire Hathaway Inc Del in Q1 2023, which decreased to 352,353 shares in Q2 2023. The value of their holdings also declined from $128,742,000 to $120,152,000 during this period, representing a decrease of 6.7%.

CB: Chubb Limited

Interestingly, Oldfield Partners did not hold any shares of Chubb Limited in Q1 2023 but acquired 522,400 shares in Q2 2023. The value of this new holding amounted to $100,593,000.

C: Citigroup Inc

Oldfield Partners' holdings in Citigroup Inc witnessed a decrease from 2,525,774 shares in Q1 2023 to 2,173,374 shares in Q2 2023—a decrease of 15.5%. The value of their holdings decreased from $118,433,000 to $100,062,000.

LUV: Southwest Airlines Co

Southwest Airlines Co, a favorite among investors, saw a slight decrease in Oldfield Partners' holdings. Their shares decreased from 2,820,100 in Q1 2023 to 2,750,900 in Q2 2023, representing an 8.5% decrease. The value also decreased from $91,766,000 to $99,610,000.

SSNC: SS&C Technologies Holdings Inc

Oldfield Partners' holdings in SS&C Technologies Holdings Inc declined from 1,852,900 shares in Q1 2023 to 1,598,400 shares in Q2 2023, signaling a 7.4% decrease. The value of their holdings dipped from $104,633,000 to $96,863,000.

ERJN.MX: Embraer S.A.

Embraer S.A., a Brazilian aerospace conglomerate, also experienced a decrease in Oldfield Partners' holdings. Their shares decreased from 1,984,703 in Q1 2023 to 1,760,303 in Q2 2023, resulting in a 16.2% decrease. The value of these holdings decreased from $32,489,000 to $27,214,000.

PBR-A: Petroleo Brasileiro SA Petro

Oldfield Partners' holdings in Petroleo Brasileiro SA Petro witnessed a decrease from 1,808,423 shares in Q1 2023 to 1,682,023 shares in Q2 2023—a decrease of 24%. However, the value of their holdings increased from $16,782,000 to $20,806,000.

TX: Ternium SA

Oldfield Partners' holdings in Ternium SA witnessed a decrease from 558,236 shares in Q1 2023 to 519,036 shares in Q2 2023. This represents a decrease of 10.7%. The value of their holdings also decreased from $23,032,000 to $20,579,000.

INFY: Infosys Ltd

Oldfield Partners' holdings in Infosys Ltd decreased from 969,498 shares in Q1 2023 to 948,698 shares in Q2 2023. This represents a decrease of 9.8%. The value of their holdings decreased from $16,908,000 to $15,245,000.

MBU.F: Compania de Minas Buenaventura

Oldfield Partners' holdings in Compania de Minas Buenaventura decreased from 1,980,920 shares in Q1 2023 to 1,841,920 shares in Q2 2023. This accounts for a decrease of 16.5%. The value of their holdings decreased from $16,203,000 to $13,538,000.

TLK: P T Telekomunikasi Indonesia

Oldfield Partners' holdings in P T Telekomunikasi Indonesia decreased from 544,289 shares in Q1 2023 to 505,889 shares in Q2 2023. This represents a decrease of 9.1%. The value of their holdings decreased from $14,842,000 to $13,492,000.

TKC: Turkcell Iletisim Hizmetleri

Oldfield Partners' holdings in Turkcell Iletisim Hizmetleri witnessed a significant decrease from 1,675,917 shares in Q1 2023 to 901,627 shares in Q2 2023. This represents a decrease of 55.3%. The value of their holdings also decreased from $7,206,000 to $3,218,000.

Although Oldfield Partners reduced their holdings in several companies, some holdings remained unchanged or increased. It's important to note that the quarterly 13F report only provides a snapshot of a fund's holdings and may not reflect its entire investment strategy. Investors and analysts must conduct a comprehensive evaluation of the fund's objectives and investment thesis before making any conclusions based solely on these changes in holdings.

As an investor, staying informed about these quarterly changes can offer insights into the fund's strategy and potential market trends. However, it's essential to consider these holdings in the context of the fund's overall portfolio and investment objectives.

Disclaimer: The information provided in this article is for informational purposes only and should not be taken as financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.

References:

1. SEC Form 13F: Information Table.

2. Oldfield Partners LLP.