Rising and Falling Tides: A Deep Dive into Deroy & Devereaux's Q3 2022 vs. Q4 2022 13F Holdings

In the financial world, backing a company's stocks is never a surefire win. Even long-established titans of an industry can unexpectedly stumble, as has been made clear in the past year. However, with the right insight and knowledge, stockholders can make smart, calculated risks that pay off in the end.

That's where 13F reports come in. Every quarter, large investors managing over $100 million in assets must file their portfolio investments with the SEC. The reports show investment holdings and the percentage change compared to the last quarter. These filings give us a glimpse into the nitty-gritty of the stock market, and today we will be taking a closer look at Deroy & Devereaux Private Investment Counsel Inc's Q3 2022 vs. Q4 2022 13F holdings comparison.

Let's start with the good news. It appears Deroy & Devereaux has made some wise investments, with holdings in a few companies climbing significantly. Chevron Corp New (CVX) saw a 25.7% increase in shares held, while the Q4 2022 value ($000) of AutoZone Inc (AZO) rose 14.5%.

The investment firm also showed confidence in HCA Healthcare Inc (HCA), increasing shares held by 31.5%. With the healthcare industry's pandemic year boom, this could be a smart move. Meanwhile, in the energy sector, ConocoPhillips (COP) and Exxon Mobil Corp (XOM) saw increases in shares held and value, with XOM jumping 27% in value quarter over quarter.

However, not all was rosy for Deroy & Devereaux, with a number of companies' stock slipping for the Q4 2022 comparison. Take SeaWorld Entertainment Inc (SEAS), for example; while adding to holdings, the company's value dropped 20.8% by Deroy & Devereaux's estimations.

Meanwhile, former tech powerhouses aren't as invincible as they used to be. The value of Apple Inc (AAPL) saw a 10.5% decrease quarter over quarter, while Microsoft Corp (MSFT) fell 8%. Even with these significant dips, Deroy & Devereaux opted to increase their holdings slightly, which could be a strategic move in anticipation of a market upswing.

Finally, while we're not going to delve into every change, it's worth noting that while Deroy & Devereaux increased holdings in some companies, the overall value decreased quarter over quarter. For example, Reynolds Consumer Products Inc (REYN) saw a 15.2% increase in shares held, but its value still decreased quarter over quarter.

In conclusion, Deroy & Devereaux's Q3 2022 vs. Q4 2022 13F holdings show some promising investment decisions. However, the slipping value of some companies' stocks serves as a reminder that even with research and strategy, the investment market is volatile. Perhaps most importantly, the filings remind us that keeping track of market trends and performing due diligence is crucial to making smart investments.