Todd Asset Management Quarterly Holding Shifts: Q3 2022 vs. Q4 2022 Analysis

Todd Asset Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Todd Asset Management LLC is an investment firm based in Louisville, Kentucky. They are known for their disciplined, value-based approach to investing, and aim to provide long-term capital appreciation to their clients. As part of their investment strategy, the firm files a quarterly 13F report with the Securities and Exchange Commission (SEC), which discloses their holdings.

The Q3 2022 vs. Q4 2022 13F Holdings Comparison shows that Todd Asset Management LLC made a number of changes to their portfolio. In this blog post, we will analyze the changes in the holdings of the fund and highlight some of the notable additions and subtractions.

Overall, the fund decreased their holdings from Q3 2022 to Q4 2022 by 6.8%. Their total value of holdings decreased from $1,080,821,355 to $1,012,736,015. This decrease can be seen as a result of the declining value of the markets during the comparison period.

The top five holdings in the fund by value are TOTALENERGIES SE, SHELL PLC, EQUINOR ASA, CHEVRON CORP NEW COM and TAPESTRY. These holdings have been the same in both quarters, with the exception of Chevron. The value of their holdings in Chevron increased by 23% from $53,391,000 to $65,697,000. This increase can be seen as a positive move based on their current outlook for the sector.

One of the biggest increases in holdings was seen in Home Depot. The fund increased their holdings in the company by 98.3%, with the value of their holdings increasing from $24,076,000 to $47,749,000. This increase can be attributed to Home Depot's continued success and solid financials.

The fund also made a significant addition to their portfolio with Capri Holdings. The company provides luxury fashion products and is known for brands such as Michael Kors and Jimmy Choo. The fund increased their holdings in Capri Holdings by 1,148.7%, with the value of their holdings increasing from $2,379,000 to $29,706,000. This sizable investment in Capri Holdings may be seen as a bet on the rebound in the luxury fashion market following the pandemic.

On the other hand, the fund decreased their holdings in companies such as CITIZENS FINANCIAL GROUP INC and Morgan Stanley. The value of their holdings in Citizens Financial decreased by 14.2%, with their holdings in Morgan Stanley decreasing by 7.2%. It is possible that the fund reduced their holdings in these companies due to concerns over market volatility or changes in their investment strategy.

Another notable decrease in holdings was seen in Naspers Limited ADR. The fund decreased their holdings in the company by 59.9%, with the value of their holdings decreasing from $20,459,000 to $32,722,000. Naspers Limited ADR is a South African multinational company and is known for its investments in the e-commerce and online classifieds markets. It is unclear as to why the fund decreased their holdings in the company, but it may be due to changes in their overall investment strategy.

In conclusion, Todd Asset Management LLC made several changes to their portfolio for Q3 2022 vs. Q4 2022. While there were increases in holdings in companies such as Home Depot and Capri Holdings, there were also decreases in holdings in companies such as CITIZENS FINANCIAL GROUP INC and Morgan Stanley. Overall, it is important to note that the changes made by the fund are part of their disciplined, value-based approach to investing and aim to provide long-term capital appreciation to their clients.