Comparing Chartwell Investment Partners' Q4 2022 and Q1 2023 13F Holdings

Chartwell Investment Partners, LLC has released its latest 13F holdings report, and there are some notable changes. In Q1 2023, the company decreased holdings in several companies, including UnitedHealth Group and Verizon Communications. But it also increased holdings in some companies, such as JPMorgan Chase and Hub Group.

Let's take a closer look at these changes and what they mean for Chartwell and the companies involved.

Decreases in Holdings

Chartwell reduced its holdings in UnitedHealth Group (UNH) and Verizon Communications (VZ) by 1.3% and 4.4%, respectively. While these decreases may seem small, they represent substantial dollar values due to the large number of shares Chartwell held in these companies.

UNH is one of the largest healthcare companies in the world, with a market capitalization of over $400 billion. Chartwell reduced its holdings by 361 shares, worth approximately $733,000. Meanwhile, its holdings in VZ decreased by 16,860 shares, worth approximately $928,000.

Increases in Holdings

Chartwell increased its holdings in JPMorgan Chase & Co. (JPM) by 60.4%. While it held just over 142,000 shares in Q4 2022, that number increased to over 227,000 by Q1 2023. This significant increase in holdings is worth approximately $5.3 million.

JPMorgan Chase is the largest bank in the United States by assets, with a market capitalization of over $450 billion. Chartwell's increased investments in the company may indicate a belief that the bank is well-positioned for long-term growth.

Another company that saw an increase in its holdings was Hub Group (HUBG). Chartwell's holdings in the logistics company increased by 4.8%, to approximately 139,000 shares. This increase is worth approximately $1.2 million.

Hub Group provides intermodal, truck brokerage, and logistics services throughout North America. With the rise of e-commerce and increased demand for online shopping, companies like Hub Group may be poised for continued growth.

Other Changes

Chartwell also made a few smaller changes to its holdings. It decreased holdings in Coca-Cola Co. (KO) by 16.6%, and in United Technologies (UTX) by 2.4%. It also increased holdings in Cactus Inc. (WHD) by 19.9%, and in PNC Financial Services (PNC) by 38.1%.

Overall, these changes to Chartwell's holdings reflect its ongoing analysis of companies and the broader market. As economic conditions and business performance continue to evolve, investment firms like Chartwell will need to make regular adjustments to their portfolios to maximize returns and minimize risk. So, the companies that saw increases in holdings from Chartwell Investment Partners, LLC in Q1 2023 may be worth keeping an eye on for potential growth opportunities.