Weik Capital Management Q3 2022 vs. Q4 2022: A Look at the Fund’s Holdings Changes

In the world of finance, investment firms have different strategies for managing their clients' assets. Some try to outperform the market by taking calculated risks, while others seek to track market indices and achieve steady returns. Weik Capital Management is one such firm that pursues a value-oriented approach. They focus on companies that have durable competitive advantages and trade at a discount to their intrinsic value.

Weik Capital Management recently released their Q3 2022 and Q4 2022 13F holdings comparison report. The report highlights the changes made to the fund's holdings during this period. In this article, we'll look at some of the major changes made by Weik Capital Management and what they tell us about the fund's investment strategy.

Microsoft Corp. (MSFT)

Microsoft Corp. (MSFT) had the highest value of shares held by Weik Capital Management during Q3 2022 at $16.55 million. However, the value of shares decreased by 2.5%, with the firm selling 301 shares in Q4 2022.

Berkshire Hathaway Inc. (BRK)

Berkshire Hathaway's class B stock was the second most held shares by Weik Capital Management. During Q3 2022, Weik held $13.67 million worth of shares, which decreased by 15.3% in Q4 2022 with the firm selling 165 shares.

Progressive Corp. (PGR)

Progressive Corp. (PGR) remained a significant holding for Weik Capital Management. In Q3 2022, the firm held $11.99 million worth of shares. In Q4 2022, Weik remained bullish, only selling 135 shares, or a 0.1% decrease in share value held.

TJX Companies Inc. (TJX)

The value of Weik Capital Management's holdings in TJX Companies Inc. (TJX) decreased by 20.5% from Q3 2022 to Q4 2022 to $11.17 million. The firm sold 8,835 shares of TJX Companies Inc. (TJX).

Nestle Reg ADR (NSRGY)

Weik Capital Management remained bullish on Nestle Reg ADR (NSRGY). The value of the shares held during Q3 2022 was $7.46 million, which increased by 7.4% in Q4 2022 with the firm buying 140 shares.

Conclusion

Weik Capital Management's strategy of investing in undervalued companies with durable competitive advantages is evident in their holdings. As of Q4 2022, they remained invested in companies like Microsoft and Progressive Corp. and were bullish on Nestle Reg ADR. However, we also see that the firm sold off some shares in TJX Companies Inc. and Berkshire Hathaway's class B stock during this period. It's important to note that this article is not financial advice, and investors should conduct their research before making any investment decisions.