Willis Investment Counsel Q2 2023 vs. Q3 2023 13F Holdings Comparison

In the world of finance, the quarterly filing known as the 13F reveals valuable information about the holdings of major investment funds. These filings provide insights into the stocks and securities that fund managers are buying and selling, serving as a window into their investment strategies. One fund that recently caught our attention with its Q2 2023 vs. Q3 2023 13F Holdings Comparison is Willis Investment Counsel.

Willis Investment Counsel, a prominent player in the investment industry, has made significant changes to its holdings between the second and third quarters of 2023. Analyzing the data from their 13F filings, we can identify notable shifts in their investment portfolio.

One of the most significant changes is Willis Investment Counsel's reduced position in Cisco Systems Inc (CSCO). In Q2 2023, the fund held 982,719 shares of Cisco, with a value of $50,845,000. However, in Q3 2023, the fund decreased its position to 883,884 shares, representing a 6.5% decrease. The value of this position also declined to $47,517,000. This move indicates a possible change in the fund's sentiment towards Cisco and its stock.

Another interesting change is the decrease in Willis Investment Counsel's holdings of Johnson and Johnson (JNJ). In Q2 2023, the fund held 331,926 shares of JNJ, valued at $54,940,000. However, in Q3 2023, the fund reduced its position to 295,341 shares, representing a significant decrease of 16.3%. The value of this position also declined to $45,999,000. This reduction suggests a shift in the fund's stance on Johnson and Johnson.

Accenture PLC (ACN) is another company that experienced a decrease in Willis Investment Counsel's holdings. In the second quarter of 2023, the fund held 164,668 shares of Accenture, valued at $50,813,000. However, by the third quarter of 2023, the fund decreased its position to 141,600 shares, representing a 14.4% decrease. The value of this position also declined to $43,486,000. This reduction indicates a reassessment of Willis Investment Counsel's stance on Accenture.

Microsoft Corp (MSFT) is yet another company that witnessed a decrease in Willis Investment Counsel's holdings. In the second quarter of 2023, the fund held 155,455 shares of Microsoft, worth $52,938,000. However, in the third quarter of 2023, the fund decreased its position to 128,347 shares, representing a significant decrease of 23.4%. The value of this position also declined to $40,525,000. This reduction suggests a change in the fund's outlook on Microsoft.

On the other hand, there were a few companies in Willis Investment Counsel's portfolio that experienced an increase in holdings. One such company is Lockheed Martin Corp (LMT), where the fund's position grew from 75,603 shares to 88,915 shares, representing a 4.5% increase. Similarly, the value of this position increased from $34,806,000 to $36,362,000. This upward trend can be seen as an expression of confidence in Lockheed Martin Corp.

Another company that saw an increase in Willis Investment Counsel's holdings is Chubb Ltd (CB). The fund increased its position from 159,373 shares to 155,480 shares, signaling a 5.5% increase. The value of this position also increased from $30,688,000 to $32,367,000. This increase suggests a positive outlook on Chubb Ltd by Willis Investment Counsel.

It is important to note that these are just a few highlights from Willis Investment Counsel's Q2 2023 vs. Q3 2023 13F Holdings Comparison. The fund's entire portfolio consists of various stocks and securities, each carefully selected and managed to align with their investment strategy. Analyzing quarterly reports like these can provide valuable insights for investors and analysts in evaluating the fund's investment decisions.

In conclusion, Willis Investment Counsel has made significant changes to its holdings in the second and third quarters of 2023. While some positions have been decreased, others have experienced an increase. As with any investment strategy, it is important to monitor these changes and assess the fund's rationale behind them. By doing so, investors can gain valuable insights into the thinking of experienced investment professionals and make more informed decisions for their own portfolios.