Analyzing Klingenstein Fields & Co LP's Q3 vs. Q4 2022 13F Holdings: Notable Changes in Top Ten Holdings.

Klingenstein Fields & Co LP Q3 2022 vs. Q4 2022 13F Holdings Comparison

Klingenstein Fields & Co LP is a registered investment adviser originally founded in 1949. The firm is primarily focused on catering to high net worth individuals and their families, as well as non-profit organizations like endowments and foundations. In this blog post, we will be analyzing the Q3 2022 vs. Q4 2022 13F holdings comparison and summarizing the changes in holdings of this fund.

Before we dive into the findings of the 13F holdings comparison, it is important to understand what 13F filings are. The Securities and Exchange Commission (SEC) requires that all institutional investment managers that manage over $100 million in qualifying assets file a Form 13F. The form lists all of the institutional investment manager's equity holdings, including the dollar value of each holding.

Now, let's discuss the findings of the Q3 2022 vs. Q4 2022 13F holdings comparison. The table provided above shows that there were some significant changes in holdings during this time period. The top ten holdings of the fund showed an overall increase in value from $390,951,000 to $429,009,000, which is an increase of 9.7%. The holdings also consistently decreased in the Chg % column, which can signal a lack of investor confidence in those particular holdings.

One of the top holdings in the fund, PepsiCo Inc (PEP), decreased from 502,103 shares to 495,683 shares, but the value of the holdings increased from $81,974,000 to $89,550,000. Berkshire Hathaway Inc (BRK-B) also decreased from 235,514 shares to 233,897 shares, but the value of the holdings increased from $62,887,000 to $72,250,000.

Union Pac Corp (UNP), Microsoft Corp (MSFT), Johnson & Johnson (JNJ), Thermo Fisher Scientific Inc (TMO), and Raytheon Technologies Corp (RTX) all decreased in both shares and value, but the percentage of change was minimal. On the other hand, Disney Walt Co (DIS), Apple Inc (AAPL), and American Tower Corp New (AMT) increased in shares but decreased in value.

One surprising change was with Amazon Com Inc (AMZN), which decreased significantly in both shares and value. The fund had 410,187 shares worth $46,351,000 in Q3 2022, but in Q4 2022, the shares decreased to 390,140 shares worth $32,771,000. This decrease in shares can be due to increased competition and regulatory scrutiny.

Another notable change was with Brookfield Renewable Corp (BEPC.TO), which decreased from 516,264 shares to 519,940 shares in Q4 2022. This decrease in shares is unusual as the renewable energy space is hot right now due to the increasing focus on sustainability.

Overall, the findings of the Q3 2022 vs. Q4 2022 13F holdings comparison show that there were some significant changes in holdings. While some holdings increased in value, others decreased in both shares and value. It is important to note that 13F filings are just a snapshot of an institutional investment manager's holdings at a specific point in time, and investors should consider multiple factors before making any investment decisions.