Cardinal Capital Management Q1 2023 vs. Q2 2023 13F Holdings Comparison

In the world of finance, staying up-to-date with the latest investment trends and strategies is crucial to success. Fund managers need to constantly analyze and adjust their portfolio holdings to ensure optimum performance. One important tool that helps in this process is the Form 13F, which provides insights into the holdings of institutional investment managers.

Cardinal Capital Management, a renowned investment firm, recently filed its Q1 2023 and Q2 2023 13F reports. These reports provide a comprehensive overview of the changes in their holdings during this period. Let's dive into the details and examine the notable adjustments made by Cardinal Capital Management.

1. Microsoft Corp (MSFT):

- Q1 2023: 52,668 shares

- Q2 2023: 52,394 shares

- Change: -0.5%

Microsoft Corp, a leading technology company, saw a slight decrease in Cardinal Capital Management's holdings. While the change may seem insignificant, it indicates a careful evaluation of the company's prospects.

2. Lilly Eli & Co (LLY):

- Q1 2023: 37,298 shares

- Q2 2023: 36,231 shares

- Change: -2.9%

Cardinal Capital Management also reduced its holdings in Lilly Eli & Co, a major pharmaceutical company. This decrease may reflect concerns or portfolio reallocation strategies.

3. Johnson & Johnson (JNJ):

- Q1 2023: 99,222 shares

- Q2 2023: 100,011 shares

- Change: +0.8%

Contrary to the previous two companies, Cardinal Capital Management increased its holdings in Johnson & Johnson. This move suggests a positive outlook for the healthcare giant.

4. Apple Inc (AAPL):

- Q1 2023: 75,019 shares

- Q2 2023: 75,661 shares

- Change: +0.9%

Cardinal Capital Management also showed confidence in Apple Inc, one of the world's largest technology companies. The slight increase in holdings indicates a belief in the company's growth potential.

5. Costco Whsl Corp New (COST):

- Q1 2023: 21,228 shares

- Q2 2023: 21,235 shares

- Change: +0.03%

The holdings in Costco Wholesale Corporation remained relatively stable, with Cardinal Capital Management maintaining a consistent position in this retail giant.

6. Exxon Mobil Corp (XOM):

- Q1 2023: 107,442 shares

- Q2 2023: 105,199 shares

- Change: -2.1%

Cardinal Capital Management decreased its holdings in Exxon Mobil Corp, an energy company. This reduction suggests a cautious approach towards the oil and gas industry.

7. Deere & Co (DE):

- Q1 2023: 25,547 shares

- Q2 2023: 25,648 shares

- Change: +0.4%

Cardinal Capital Management made a minor increase in its holdings in Deere & Co, a global leader in agricultural machinery. This adjustment may reflect confidence in the company's performance.

8. Lowe's Cos Inc (LOW):

- Q1 2023: 44,132 shares

- Q2 2023: 43,871 shares

- Change: -0.6%

The holdings in Lowe's Companies, a home improvement retailer, experienced a slight decrease. This adjustment may be part of a broader strategy to optimize the portfolio.

9. Illinois Tool Wks Inc (ITW):

- Q1 2023: 37,117 shares

- Q2 2023: 37,076 shares

- Change: -0.1%

Cardinal Capital Management maintained a consistent position in Illinois Tool Works Inc, a leading industrial manufacturer. This stability indicates confidence in the company's long-term prospects.

10. Automatic Data Processing Inc (ADP):

- Q1 2023: 40,221 shares

- Q2 2023: 40,275 shares

- Change: +0.1%

Cardinal Capital Management made a marginal increase in its holdings in Automatic Data Processing Inc, a provider of human resources and payroll solutions. This adjustment suggests a positive outlook for the company.

These are just some of the changes in Cardinal Capital Management's holdings during the first half of 2023. The data indicates a mix of caution, optimism, and strategic adjustments. It's important to note that these changes reflect the decisions made by Cardinal Capital Management based on their analysis and market trends.

As an investor, staying informed about such changes can provide valuable insights and inspiration for your own portfolio strategy. Remember that investment decisions should be based on thorough research and personalized analysis, taking into account your own financial goals and risk tolerance.