Comparing Foundation Resource Management Inc's Q4 2022 and Q1 2023 13F Holdings

The latest 13F holdings of Foundation Resource Management Inc. are out, offering a glimpse into the changes in their portfolio between Q4 2022 and Q1 2023. The 13F disclosure is filed quarterly by institutional investment managers with at least $100 million in equity assets under management.

In this blog post, we are going to explore the significant changes in holdings made by Foundation Resource Management Inc. We will examine the latest 13F filings and uncover the latest trends in the fund's investment strategy.

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Let's start by taking a high-level look at the top holdings of the fund in the fourth quarter of 2022:

- XOM (Exxon Mobil): 438,532 shares worth $48,370,000

- CVX (Chevron): 232,535 shares worth $41,738,000

- COP (ConocoPhillips): 308,956 shares worth $36,457,000

- MOS (Mosaic): 623,125 shares worth $27,337,000

- PARA (Paramount Global): 1,000,735 shares worth $16,892,000

- CCO.TO (Cameco Corp): 855,649 shares worth $19,398,000

It's immediately clear that energy stocks are the leading holdings of Foundation Resource Management Inc during this quarter. Exxon Mobil, Chevron, and ConocoPhillips are the top three holdings of the fund, accounting for over 35% of the total holdings.

However, if we look at the first quarter of 2023, we can see that the portfolio has undergone some significant changes:

- XOM (Exxon Mobil): 438,942 shares worth $48,134,000

- TECK-B.TO (Teck Resources Ltd Cl B): 1,062,168 shares worth $39,061,000

- CVX (Chevron): 234,794 shares worth $38,309,000

- NEM (Newmont Goldcorp): 653,571 shares worth $32,038,000

- BRK-B (Berkshire Hathaway Cl B): 102,582 shares worth $31,674,000

- CCO.TO (Cameco Corp): 861,491 shares worth $22,545,000

From the Q4 2022 to Q1 2023, we can see that the fund has reduced its holdings in Chevron by 8.2%, while holdings in Newmont Goldcorp have increased by 7%.

When we look at the QoQ percentage changes, Para (Paramount Global) stands out with a 35.4% increase in shares value from Q4 2022 to Q1 2023. Only four companies saw decreases in share value over the same timeframe, with Lumen Technologies leading the way (-45.8%).

We can see a significant increase of 30.2% in the holdings of Intel Corp. in Q1 of 2023, making it one of the strongest performers for Foundation Resource Management Inc.

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In conclusion, Foundation Resource Management Inc. holds a diversified portfolio, consisting mostly of energy and material stocks. However, as we can see from the Q4 2022 to Q1 2023 changes, the fund has continued to adjust its portfolio by reducing its holdings in some of the energy stocks while increasing its holdings in others, diversifying its portfolio further by adding other growing companies.

It's important to note that these portfolio adjustments are based on the investment strategy and market conditions, which can change rapidly. Therefore, it's vital to keep an eye on the latest 13-F filings and other disclosures to make informed investment decisions.