Anchor Capital Advisors LLC's Q3 vs. Q4 2022: Significant Holdings Changes Revealed in 13F Filings

Anchor Capital Advisors LLC: Q3 2022 vs. Q4 2022 13F Holdings Comparison

As we approach the end of 2022, it is time to take a closer look at some of the significant changes that occurred in the holdings of Anchor Capital Advisors LLC Q3 2022 vs. Q4 2022, as reported in their 13F filings.

Anchor Capital Advisors LLC is an independent, employee-owned investment firm based in Boston, Massachusetts, with over $7.2 billion in assets under management, primarily serving wealthy individuals, families, and select institutions. The firm follows a disciplined investment process and evaluates investments based on qualitative and quantitative factors.

In the third quarter of 2022, Anchor Capital Advisors LLC had a total of 53 positions with a total value of $484.3 million. In the fourth quarter of 2022, the number of positions remained the same, but the total value of the holdings increased to $591.2 million, representing a 22.1% increase.

FLUOR Corporation (FLR) was the biggest mover in terms of value in the Anchor Capital Advisors LLC portfolio, with a 29.3% increase in shares and a 29.4% increase in value (from $80.9 million in Q3 2022 to $104.6 million in Q4 2022). FLR is a multinational engineering and construction company that provides services in the fields of energy, infrastructure, government, and mining.

Another notable increase in value was seen in Hess Corporation (HES), an American energy company with exploration and production operations worldwide. Anchor Capital Advisors LLC increased their holdings in HES by 26.2%, from $60.6 million in Q3 2022 to $76.5 million in Q4 2022. This increase in holdings can be attributed to the rise in oil prices witnessed in the fourth quarter of 2022.

On the other hand, M&T Bank Corporation (MTB) suffered a significant decrease in holdings, with Anchor Capital Advisors LLC lowering their position by 25.1%, from $91.8 million in Q3 2022 to $68.7 million in Q4 2022. MTB is a regional bank holding company based in Buffalo, New York, with branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia.

Other stocks that saw notable decreases in Anchor Capital Advisors LLC holdings were Broadridge Financial Solutions, Inc. (BR), which saw a decrease of 27.3%, First Republic Bank (FRC), which saw a decrease of 12%, and Insperity, Inc. (NSP), which saw a decrease of 11.5%.

Anchor Capital Advisors LLC's largest holding in Q4 2022 was in Vontier Corporation (VNT), with a total value of $37.7 million, followed by Markel Corporation (MKL) with a total value of $73.9 million, and Smith A O Corporation (AOS) with a total value of $61.4 million.

Overall, Anchor Capital Advisors LLC has a well-diversified portfolio with holdings spread across multiple sectors such as energy, finance, technology, and consumer goods. The firm's investment philosophy of combining both qualitative and quantitative factors to identify investment opportunities seems to be working well, as evidenced by their solid performance over the years.