Comparing 13F Holdings: Waters Parkerson & Co., LLC Q4 2022 vs. Q1 2023

The Securities and Exchange Commission (SEC) mandates investment managers with over $100 million in assets to file quarterly reports that disclose their equity holdings. Known as 13F filings, these reports provide valuable insights into the investment strategies of institutional investors. In this article, we will analyze and compare the 13F holdings of Waters Parkerson & Co., LLC for Q4 2022 and Q1 2023.

First, let's understand the basics of a 13F filing. It includes information such as the name of the issuer, the number of shares, and the total value of the shares. It is important to note that 13F filings reflect a snapshot of an investment manager's holdings as of the end of the quarter. As a result, they do not provide real-time information about the manager's investment activities.

Waters Parkerson & Co., LLC is an investment manager that focuses on managing equity portfolios for its clients. As per our analysis of their 13F filings, we found that they had 42 stocks in their portfolio in both Q4 2022 and Q1 2023, with no new additions or sell-offs.

Among their top holdings, Thermo Fisher Scientific stood at #1 with 169,634 shares worth $93,416 thousand in Q4 2022, which increased to 169,623 shares worth $97,766 thousand in Q1 2023. This represented a change of 4.7%. Visa Inc. was their second-largest holding in both quarters, with 338,733 and 341,047 shares worth $70,375 thousand and $76,892 thousand respectively. The value of their investment increased by 9.3% over the period.

At number 3 and 4 were Microsoft Corp., and Accenture PLC, with 233,306 and 219,308 shares valued at $55,951 thousand and $58,520 thousand, and 234,464 and 220,235 shares valued at $67,596 thousand and $62,945 thousand, respectively.

Home Depot Com was their fifth-largest holding with 205,389 shares valued at $64,874 thousand in Q4 2022. The value of their investments decreased to $60,852 thousand in Q1 2023, which is a 6.2% decline.

In contrast, JPMorgan Chase & Co. was their sixth-largest holding, with 389,896 and 390,732 shares worth $52,285 thousand and $50,916 thousand in Q4 2022 and Q1 2023, respectively, representing a decrease of 2.6% in value.

In terms of percentage change, META Platforms Inc. was the top performer with a staggering 75.3% increase, followed by Mondelez Intl Inc. with a 47.7% increase, and NVIDIA Corporation Com with an 85.8% increase.

On the other hand, CVS Health Corp Com, Lincoln Natl Corp Ind Com, and Pioneer Nat Res Co Com were the worst performers, with a decline in value of -19%, -29.9% and -5.9%, respectively.

In conclusion, Waters Parkerson & Co., LLC's top holdings did not change much between Q4 2022 and Q1 2023, with no new additions or sell-offs. Among their holdings, Thermo Fisher Scientific and Visa Inc. remained the top holdings, with significant gains in value. However, their investment in Home Depot Com declined, while META Platforms Inc., Mondelez Intl Inc., and NVIDIA Corporation Com achieved robust growth in value. While 13F filings provide crucial insights into the equity holdings of institutional investors, they should not be relied upon as the sole source of information about an investor's investment activities.