Douglass Winthrop Advisors' Q4 2022 13F holdings report: notable portfolio changes analyzed.

Douglass Winthrop Advisors LLC is a registered investment advisor (RIA) based out of New York. They recently released their 13F holdings report for Q3 2022 and Q4 2022, which lists their portfolio changes. Let us dive into the notable changes and analyze how they impact the fund.

Firstly, we see that the fund has increased its holdings in Berkshire Hathaway Inc - Class B (BRK-B) by 1.83%. In Q3 2022, the fund held 911,668 shares, which increased to 917,070 shares in Q4 2022. The value of these shares also increased from $243,434,000 to $283,283,000, an increase of 16.4%. This indicates that the fund has faith in the company's growth prospects.

The fund's second-highest holding is Microsoft Corp. (MSFT), with a negligible decrease of 0.37% in the number of shares held. The value of the shares held at the end of Q4 2022 was $168,706,000, a small increase from $164,446,000 at the end of Q3 2022.

On the other hand, the fund has decreased its holdings in Alphabet Inc. (GOOG) by 8.6%. In Q3 2022, the fund held 1,735,802 shares, which decreased to 1,718,900 shares in Q4 2022. The value of these shares also decreased from $166,897,000 in Q3 2022 to $152,518,000 in Q4 2022. This suggests that the fund may not be as bullish on Alphabet's growth prospects as it previously was.

The fund has significantly increased its holdings in Mastercard Inc. (MA) by 21.8%. In Q3 2022, the fund held 430,742 shares, which increased to 429,172 shares in Q4 2022. The value of these shares also increased from $122,477,000 to $149,236,000. This suggests that the fund is bullish on the company's growth prospects.

The fund has reduced its holdings in Apple Inc. (AAPL) by 21.2%. In Q3 2022, the fund held 1,315,052 shares, which decreased to 1,102,879 shares in Q4 2022. The value of these shares also decreased from $181,740,000 to $143,297,000. This reduction indicates that the fund may be losing faith in Apple's growth prospects, especially after the company's recent regulatory troubles.

The fund has also decreased its holdings in Costco Wholesale Corp. (COST) by 2.8%. In Q3 2022, the fund held 270,650 shares, which decreased to 272,223 shares in Q4 2022. The value of these shares also decreased from $127,820,000 to $124,270,000. This decrease may be due to concerns about the company's ability to maintain its growth rate.

The fund has significantly increased its holdings in Markel Corp. (MKL) by 24.4%. In Q3 2022, the fund held 86,758 shares, which increased to 88,828 shares in Q4 2022. The value of these shares also increased from $94,065,000 to $117,030,000. This suggests that the fund is bullish on the company's growth prospects.

The fund has also significantly increased its holdings in Deere & Co. (DE) by 27.9%. In Q3 2022, the fund held 273,456 shares, which increased to 272,410 shares in Q4 2022. The value of these shares also increased from $91,304,000 to $116,799,000. This increase may be due to the growth prospects in the agricultural sector.

The fund has increased its holdings in several other companies, such as AON PLC SHS (AON), Nestle S A Sponsored ADR Repst (NSRGY), and UnitedHealth Group Inc. (UNH), which indicates that the fund is bullish about these companies and their growth prospects.

However, the fund has decreased its holdings in Amazon.com Inc. (AMZN) by 19.6%. In Q3 2022, the fund held 895,171 shares, which decreased to 967,681 shares in Q4 2022. The value of these shares also decreased from $101,154,000 to $81,285,000. This decrease may be due to concerns about Amazon's regulatory troubles.

Overall, we see that the fund has significantly increased its holdings in some companies while decreasing its holdings in others. The fund is bullish on some companies' growth prospects, while it may have lost faith in other companies' growth potentials. As with any investments, these changes are subject to market forces and may change in the future. Investors should perform their analysis before making any investment decisions.