Coho Partners, Ltd. Q1 2023 vs. Q2 2023 13F Holdings Comparison

Coho Partners, Ltd. is a well-known investment management firm that recently released its 13F holdings for the first quarter of 2023 and the second quarter of 2023. The 13F filing is a quarterly report submitted to the Securities and Exchange Commission (SEC) by institutional investment managers with at least $100 million in assets under management. It provides a snapshot of the holdings of these managers and can be a useful tool for investors to analyze investment trends and make informed decisions.

In this article, we will compare the Q1 2023 and Q2 2023 13F holdings of Coho Partners, Ltd. We will focus on the top changes in holdings and analyze the reasons behind these changes. Let's dive into the data and explore the insights it reveals.

1. Lowe's Companies Inc. (LOW):

- Q1 2023 Shares: 1,327,932

- Q2 2023 Shares: 1,269,944

- Q1 2023 Value ($000): 265,546

- Q2 2023 Value ($000): 286,626

- Change (%): +7.9

Lowe's Companies Inc., a home improvement retailer, saw a decrease in holdings between Q1 2023 and Q2 2023. However, the percentage change is relatively small at 7.9%. It could indicate a minor adjustment in Coho Partners' portfolio, but further analysis is needed to determine the exact reasons behind the change.

2. AmerisourceBergen Corp. (ABC):

- Q1 2023 Shares: 1,526,207

- Q2 2023 Shares: 1,450,778

- Q1 2023 Value ($000): 244,360

- Q2 2023 Value ($000): 279,173

- Change (%): +14.2

AmerisourceBergen Corp., a pharmaceutical sourcing and distribution company, witnessed a significant increase in holdings. The 14.2% change suggests that Coho Partners sees potential in the company's growth prospects and considers it an attractive investment option. This change in holdings might be driven by positive developments in the pharmaceutical industry or specific events related to AmerisourceBergen Corp.

3. W. W. Grainger, Inc. (GWW):

- Q1 2023 Shares: 379,631

- Q2 2023 Shares: 341,296

- Q1 2023 Value ($000): 261,493

- Q2 2023 Value ($000): 269,142

- Change (%): +2.9

W. W. Grainger, Inc., a supplier of maintenance, repair, and operating products, experienced a slight decrease in holdings. However, the change is marginal at 2.9%, indicating a minor adjustment in Coho Partners' portfolio. It could be influenced by various factors like market conditions, company performance, or other strategic considerations.

4. Microchip Tech Inc. (MCHP):

- Q1 2023 Shares: 3,187,128

- Q2 2023 Shares: 2,891,464

- Q1 2023 Value ($000): 267,017

- Q2 2023 Value ($000): 259,046

- Change (%): -3.0

Microchip Tech Inc., a leading provider of microcontroller and analog semiconductors, witnessed a slight decrease in holdings between Q1 2023 and Q2 2023. The 3.0% change might indicate a strategic decision by Coho Partners to reallocate their investments within the semiconductor industry or respond to market conditions. Further analysis is necessary to understand the underlying reasons for this change.

5. Ross Stores Inc. (ROST):

- Q1 2023 Shares: 2,410,395

- Q2 2023 Shares: 2,298,605

- Q1 2023 Value ($000): 255,815

- Q2 2023 Value ($000): 257,742

- Change (%): +0.8

Ross Stores Inc., an off-price retailer, experienced a minimal change in holdings with an increase of only 0.8%. This change indicates that Coho Partners maintained a relatively stable position in Ross Stores Inc. during the comparison period. This could result from Coho Partners' confidence in the company's performance or its long-term investment strategy.

The list goes on with several other companies and corresponding changes in holdings. Each change represents a potential shift in Coho Partners' investment strategy or a response to market and industry-specific factors.

It is important to note that the 13F filing provides insights into Coho Partners, Ltd.'s holdings but does not guarantee future performance or serve as investment advice. Investors should conduct thorough research and analysis before making any investment decisions.

In conclusion, Coho Partners, Ltd.'s Q1 2023 vs. Q2 2023 13F holdings comparison highlights the dynamic nature of investment management. The changes in holdings across various companies offer a glimpse into Coho Partners' investment strategy and outlook. By analyzing these changes, investors can gain valuable insights to make informed investment decisions.