Terril Brothers, Inc. Third Quarter 2022 vs. Fourth Quarter 2022: A Comparison of 13F Holdings

The third quarter of 2022 saw significant changes in the holdings of Terril Brothers, Inc., a family-owned company that invests in a wide range of publicly traded companies. As indicated in their 13F filing, the company made major investments in technology, mining, and energy sectors. However, their investments in some companies decreased in the fourth quarter of 2022. This blog post delves into the changes in holdings of Terril Brothers, Inc. from Q3 2022 to Q4 2022, exploring the reasons behind these changes, and what they could mean for the company's future.

In the third quarter of 2022, Terril Brothers, Inc. invested heavily in mining and energy sectors, with a total of 382,864 and 766,420 shares of NEM and IVOL respectively. These two companies represented a combined value of $32,866,000. The investment in NEM declined by 0.05% in the fourth quarter of 2022, but the investment in IVOL reduced significantly by 9.8% to 677,325 shares, which represents a value of $15,314,000. The reasons behind this decline could be due to a shift in the company’s investment strategy or the current market conditions.

Another notable change in holdings was the decline in investments in Apple Inc. and Verizon Communications Inc. Apple Inc. holdings leaned towards a marginal decline in share value by 6% to 150,858 worth $19,600,000. While Verizon Communications Inc. investments saw a decline in both shares held about 59.8% and value by 38.9% to 235,429 and $9,275,000 respectively. The reason could be that the company would like to reduce its exposure to the telecommunication sector.

Additionally, Terril Brothers, Inc. increased its investment in Vistra Corp in Q4 2022 by 10.9% from 602,994 to 605,140 shares. This increase could be based on a positive outlook in the energy sector. This rise makes Vistra one of the top holdings by the company. At $14,039,000, Vistra's rising Q4 share value indicates Terril's interest in meeting the growing demand for clean energy.

Cleveland-Cliffs Inc New, on the other side, suffered a significant drop in investment from Terril Brothers, Inc. with a decline in value by 52.2% to $11,865,000 in Q4 2022. The share value was affected as the number of shares held increased by just 2550 units, showcasing a total of 736,500 shares in Q4 2022. The decline in share value could be blamed on the challenges the company has faced in the mining industry and the company's overall performance.

In addition, the company made a significant investment in First Financial Bankshares but reversed it in Q4 2022, leading to a 17.7% decline in value. The company reduced its shares by 2000 units to 9,000 shares worth $309,000 to reflect a significant decrease in value. The reasons behind this decline could be many, including the risk associated with the banking sector.

In summary, Terril Brothers, Inc. made some significant changes in its 13F holdings between Q3 2022 and Q4 2022, with significant increases in investments in energy and mining sectors. At the same time, it exited the investments in Marathon Petrol Corp and Ameren Corp. This decision could be considered brave and a move to mitigate potential losses. While the motive behind these movements is still unclear, one thing is certain: Terril Brothers' investments are subject to market fluctuations, and it will take time to see how the investments will fare in the long run.