Analyzing First Wilshire Securities Management Inc's Q3 2022 and Q4 2022 13F Holdings

First Wilshire Securities Management Inc is a US-based investment management firm founded in 1974. The firm specializes in small-cap and mid-cap equity portfolios and has a total of $906.92 million assets under management. As an institutional investment manager, First Wilshire Securities Management Inc is required to file quarterly reports of their holdings under section 13F of the Securities Exchange Act of 1934. In this article, we will analyze their Q3 2022 and Q4 2022 13F holdings based on the data provided in the CSV.

Comparison of Q3 2022 and Q4 2022 Holdings

First Wilshire Securities Management Inc decreased their holdings in 28 companies and increased their holdings in 7 companies between Q3 2022 and Q4 2022. The total value of their holdings decreased from $368.31 million in Q3 2022 to $367.17 million in Q4 2022, representing a 0.31% decrease. The biggest percentage decrease in holdings was in Manitex International Inc (MNTX) with a decrease of 31.3%, followed by Luxfer Holdings PLC (LXFR) with a decrease of 7.3%. The biggest percentage increase in holdings was in Ribbon Communications Inc (RBBN) with an increase of 22.5%, followed by Ceragon Networks Ltd (CRNT) with an increase of 38.6%.

Top Holdings

The top ten holdings of First Wilshire Securities Management Inc in Q4 2022 accounted for 48.4% of their total portfolio value. The top three holdings are S&J Industries Inc (SJII), Teledyne Technologies Inc (TDY), and LCI Industries (LCII), which accounted for 10.9%, 7.2%, and 6.9% of their portfolio value, respectively. S&J Industries Inc is a producer of industrial and aerospace components, Teledyne Technologies Inc is a provider of electronic and communication products, and LCI Industries is a manufacturer of recreational vehicles and related components.

New Holdings

First Wilshire Securities Management Inc added two new holdings in Q4 2022: Amazon.com Inc (AMZN) and Adams Resources & Energy Inc (AE). Amazon.com Inc is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Adams Resources & Energy Inc is an independent oil and gas company that engages in the marketing, transportation, and storage of crude oil and petroleum products. First Wilshire Securities Management Inc purchased 8,325 shares of Amazon.com Inc with a value of $699,000 and 17,535 shares of Adams Resources & Energy Inc with a value of $682,000.

Conclusion

First Wilshire Securities Management Inc decreased their holdings slightly between Q3 2022 and Q4 2022 and made two new purchases during the same period. Their top holdings include companies in the industrial, technology, and recreational vehicle industries. These holdings may provide some insight into their investment strategy and sector preferences. It will be interesting to see how their holdings change in subsequent quarters.