Cardinal Capital Management Q1 2023 vs. Q2 2023: An Analysis of Changes in Holdings

In the rapidly evolving world of finance, staying updated with the latest trends and movements in the market is crucial for investors and financial institutions. One way to gain insights into the investments of institutional investors is through the filing of Form 13F, which requires institutional investment managers with assets under management exceeding $100 million to disclose their holdings. In this article, we will analyze the changes in holdings of Cardinal Capital Management, comparing their Q1 2023 and Q2 2023 13F filings.

Microsoft Corp: A Stable Holding amidst Changing Tides

Cardinal Capital Management maintained its position in Microsoft Corp, with 52,394 shares in Q2 2023, only a slight decrease from 52,668 shares in Q1 2023. The value of their holdings increased from $15,184,000 to $17,842,000, indicating confidence in the company's long-term prospects.

Lilly Eli & Co: Weathering the Storm

Despite the overall decrease in shares held by Cardinal Capital Management in Q2 2023, there is one company that experienced an increase in their holdings. Cardinal Capital Management increased their stake in Lilly Eli & Co, with 36,231 shares in Q2 2023, up from 37,298 shares in Q1 2023. This change is reflected in the increased value of their holdings, from $12,808,000 to $16,991,000. The significant rise in value suggests that Cardinal Capital Management sees potential in the pharmaceutical giant.

Johnson & Johnson: A Steady Investment

Cardinal Capital Management maintained a relatively stable position in Johnson & Johnson, with 100,011 shares in Q2 2023, compared to 99,222 shares in Q1 2023. Despite the slight increase in shares, the value of their holdings saw a notable jump from $15,379,000 to $16,553,000. This indicates confidence in Johnson & Johnson's ability to weather market fluctuations.

Apple Inc: Riding the Ups and Downs

Cardinal Capital Management held onto their position in Apple Inc, with 75,661 shares in Q2 2023, slightly higher than 75,019 shares in Q1 2023. The value of their holdings increased from $12,370,000 to $14,675,000, reflecting the company's resilience and potential for growth amidst market volatility.

Costco Wholesale Corp New: A Slight Dip

Cardinal Capital Management maintained its position in Costco Wholesale Corp New, with 21,235 shares in Q2 2023, a marginal increase from 21,228 shares in Q1 2023. However, the value of their holdings decreased slightly from $10,547,000 to $11,432,000. Despite the dip, Costco continues to be a valuable asset in their portfolio.

Exxon Mobil Corp: Navigating Challenging Waters

Exxon Mobil Corp's performance has been relatively challenging, which is evident in Cardinal Capital Management's decision to decrease their holdings. They reduced their stake in Exxon Mobil Corp to 105,199 shares in Q2 2023, down from 107,442 shares in Q1 2023. The value of their holdings also dipped from $11,782,000 to $11,282,000.

Deere & Co: Weathering the Storm

Cardinal Capital Management's holdings in Deere & Co remained relatively stable, with 25,648 shares in Q2 2023 compared to 25,547 shares in Q1 2023. Despite the slight increase in shares held, the value of their holdings experienced a minor decrease from $10,579,000 to $10,423,000.

Lowe's Cos Inc: Weathering the Storm

Cardinal Capital Management maintained its position in Lowe's Cos Inc, with 43,871 shares in Q2 2023, only a slight decrease from 44,132 shares in Q1 2023. The value of their holdings, however, saw an increase from $8,825,000 to $9,901,000, highlighting a potential opportunity for growth in the retail industry.

Conclusion: Adapting to Market Volatility

In the constantly changing landscape of investments, adaptability is key. Cardinal Capital Management's Q1 2023 vs. Q2 2023 13F holdings comparison reveals their ability to navigate through market fluctuations. While some holdings remained steady or even increased, there were also instances where adjustments were made to align with market conditions. As investors continue to analyze these changes, it is essential to monitor how Cardinal Capital Management's strategy unfolds in the coming quarters.