Tandem Investment Advisors, Inc. Q3 2022 vs. Q4 2022 13F Holdings: Winners and Losers

It's that time of the year when investment advisors eagerly await the 13F filing reports to understand how top funds have reshuffled their portfolios in the previous quarter. Tandem Investment Advisors, Inc.'s Q3 2022 vs. Q4 2022 13F holdings comparison is out, and we've analyzed the data to bring you the winners and losers. In the following 1000 words, we'll explore the trends, potential reasons behind the changes in holdings, and what investors can learn from Tandem's moves.

First, let's dive into the winners - the companies whose shares Tandem increased in the Q4 filing compared to Q3.

AbbVie Inc. (ABBV)

The Illinois-based bio-pharmaceutical company was the top winner in Tandem's Q4 filing, with a 7.2% increase in shares, now holding 545,750 shares worth $88,199,000. AbbVie's market performance in recent months has been solid, with the stock delivering 9.6% returns in Q3 2022, bolstered by strong demand for its flagship products Imbruvica and Rinvoq. During the Q3 earnings call, Richard Gonzalez, AbbVie CEO, announced the company is focusing on expanding to new therapeutic areas such as oncology and neuroscience.

CBOE Holdings, Inc. (CBOE)

Tandem's Q4 filing revealed an 11.7% increase in shares of CBOE Holdings, the Chicago-based exchange operator, worth $82,152,000. CBOE's impressive performance in Q3 2022 saw the stock returns soar by 29% fueled by strong trading volumes in its proprietary products. The exchange operator has been actively expanding its footprint, recently launching a European stock exchange platform, CBOE Stockholm.

Waste Connections, Inc. (WCN)

Tandem increased its stake in Waste Connections, the leading North American waste management company, in Q4 by 8.6%, holding 276,380 shares worth $36,637,000. Waste Connections' stock delivered 13.3% returns in Q3 2022, and the demand for its services was driven by robust construction activities in the US boosting the demand for landfill and other disposal services.

Now, let's turn our attention to the losers - the companies whose shares Tandem decreased in the Q4 filing compared to Q3.

T. Rowe Price Group, Inc. (TROW)

Tandem's Q4 filing indicated a 31.2% decrease in shares of T. Rowe Price Group, the Baltimore-based asset management company, with holdings worth $31,196,000. The company's stock performance remained uninspiring in Q3 2022, fluctuating between gains and losses due to uncertainty in the market and ongoing regulatory challenges.

Procter & Gamble Co. (PG)

Tandem seems to have lost its confidence in Proctor & Gamble Co., as the Q4 filing showed a 73.5% decrease in shares, holding just 4,023 shares worth $610,000. PG's stock underperformed in Q3 2022, declining by 3.5%, and the company's weak earnings outlook due to rising input costs and inflation challenges might have led to Tandem's reduced holdings.

Apple Inc. (AAPL)

The Q4 filing also revealed a decrease in shares of Apple Inc., the leading technology giant, by 10.6%, holding 15,187 shares worth $1,973,000. Apple's stock underperformed in Q3 2022, declining by 1.2%. The company had to navigate supply chain disruptions due to semiconductor shortages and slower-than-expected demand for the iPhone 12.

What Can Investors Learn from Tandem's Moves?

Tandem's Q4 filing indicates a shift towards companies that demonstrated strong market performance in the previous quarter. The investment advisors' increased stake in AbbVie, CBOE Holdings, and Waste Connections indicates that Tandem believes that these companies are well-positioned to benefit from favorable market trends underlying their particular sectors.

On the other hand, Tandem's reduced holdings in T. Rowe Price Group, Proctor & Gamble Co., and Apple Inc. indicate the advisors' perception of deceleration in these companies' earnings in the coming quarters, signaling a lack of confidence in the stocks' potential returns.

In conclusion, the 13F filings are a valuable source of information for investors to gain insights into the top holdings and trends in portfolios of the world's leading investment funds. Tandem Investment Advisors, Inc.'s Q3 2022 vs. Q4 2022 13F holdings comparison sheds light on the advisors' perceptions of current and future market trends and highlights some potential investment opportunities for investors. However, investors should conduct their due diligence before making any investment decisions, taking into account their financial goals and risk tolerance.