The Profound Shifts in Pring Turner Capital Group's Portfolio: Q3 2022 vs. Q4 2022

Pring Turner Capital Group Inc., an investment management firm that aims to provide investors with the highest-quality financial advice possible, has recently released its Q3 2022 and Q4 2022 13F filings. The numbers reveal a significant shift in the fund's portfolio, showing that the firm has made some bold decisions in the past few months. In this blog post, we will take a closer look at these changes and what they could mean for Pring Turner Capital Group and its investors.

Introduction

Pring Turner Capital Group is known for its active investment approach and its focus on risk management. According to its website, the firm's investment philosophy is based on intermarket analysis, which involves looking at the relationships between different asset classes and using that information to make investment decisions. The firm aims to protect its clients' wealth by avoiding big losses and by participating in the market's uptrends. To achieve this goal, Pring Turner Capital Group uses a flexible strategy that includes stocks, bonds, and other asset classes, depending on the market conditions.

Main Body

One of the most striking changes in Pring Turner Capital Group's Q4 2022 portfolio is the reduction in holdings of Cummins (CMI), a manufacturer of diesel engines and power generators. The firm has reduced its position in CMI by 29.4%, from 22,540 shares in Q3 2022 to 15,889 shares in Q4 2022. The value of the holding has also decreased from $4.59 million to $3.85 million, a drop of 16.1%. This move is surprising, given that CMI is a well-established company that has been growing steadily over the years. It remains to be seen why Pring Turner Capital Group has decided to reduce its holdings of CMI, but it could be related to the firm's cautious stance on the economy or to specific company-related factors.

Another notable change in the portfolio is the increase in holdings of Chevron (CVX), an American multinational energy corporation. Pring Turner Capital Group has added 400 shares of CVX in Q4 2022, bringing its total holdings to 24,209 shares. The value of the holding has also increased from $3.54 million to $4.35 million, a rise of 22.9%. This move seems to be in line with the firm's bullish outlook on the energy sector, which has been performing well in recent months due to the rebound in demand for oil and gas.

Pring Turner Capital Group has also made significant changes in its holdings of financial stocks. The firm has reduced its position in Bank of America (BAC) by 1.9%, from 105,201 shares in Q3 2022 to 103,124 shares in Q4 2022. The value of the holding has increased slightly from $3.18 million to $3.42 million, a rise of 7.5%. This move is surprising, given that BAC has been performing well in 2021, with solid earnings and a growing business. It remains to be seen whether this reduction in holdings is a temporary move or a long-term sell-off.

On the other hand, Pring Turner Capital Group has increased its position in Ameriprise Financial (AMP), a diversified financial services company, by 2.8%, from 3,080 shares in Q3 2022 to 3,176 shares in Q4 2022. The value of the holding has also increased significantly from $776,000 to $988,000, a rise of 27.4%. This move seems to be in line with Pring Turner Capital Group's optimistic outlook on the financial sector, which is expected to benefit from the Federal Reserve's decision to keep interest rates low for the foreseeable future.

Additionally, Pring Turner Capital Group has completely sold out of positions in SPDR S&P 500 ETF Trust (SPY), McCormick & Co. (MKC), and Duke Energy (DUK) in Q4 2022. These moves are indicative of the firm's willingness to divest its holdings in areas where it sees little value or where conditions have changed unfavorably.

Conclusion

In conclusion, Pring Turner Capital Group's Q3 2022 vs. Q4 2022 13F filings show a clear shift in the firm's portfolio. Pring Turner Capital Group has reduced its holdings of some well-established companies, such as CMI and BAC, while increasing its positions in others, such as CVX and AMP. The firm's moves seem to be based on its outlook for the economy and the specific companies it invests in. While it remains to be seen how these moves will play out over the long term, Pring Turner Capital Group's active investment approach and risk management strategy should help it weather any storms in the market. As always, investors should keep a close eye on the firm's moves and make their own decisions based on their risk tolerance and investment objectives.