Examining NBW Capital LLC's Q3 vs Q4 2022 13F Holdings: a Portfolio Overview

NBW Capital LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

NBW Capital LLC recently released its 13F filing for Q3 and Q4 of 2022, and it shows a notable decrease in the total value of their portfolio from $205,582,000 to $196,916,000. This decrease could be due to market conditions, and it's not uncommon for investors to make changes to their holdings based on market trends.

The top ten holdings of NBW Capital LLC in Q4 of 2022 were EnLink Midstream, Plains GP Holdings, Energy Transfer, LP, SPDR S&P 500 ETF Trust, Illinois Tool Works, Inc., Cheniere Energy, Inc., Western Midstream Partners, Analog Devices, Inc., Microsoft Corporation, and Williams Companies, Inc. These top ten holdings made up 59.31% of their portfolio.

One of the biggest changes in holdings was for EnLink Midstream, LLC, which saw a decrease in shares from 1,151,465 to 1,128,311, and an increase in value from $10,237,000 to $13,878,000, a change of 35.6%. This change could be due to market conditions or the company's performance.

Plains GP Holdings also saw a decrease in shares from 955,084 to 934,466 and an increase in value from $10,420,000 to $11,624,000, a change of 11.6%. This change could be due to market conditions, the company's performance, or a combination of both.

Energy Transfer, LP saw a decrease in shares from 926,123 to 899,711 and an increase in value from $10,215,000 to $10,679,000, a change of 4.5%. The company has seen some volatility in the past few years, and this change could be due to investors' perceptions of the company.

In contrast, SPDR S&P 500 ETF Trust saw a decrease in shares from 33,615 to 33,332 and an increase in value from $12,007,000 to $12,747,000, a change of 6.2%. This increase in value could be due to the overall performance of the S&P 500 index, which the ETF tracks.

Illinois Tool Works, Inc. saw a decrease in shares from 42,847 to 42,235 and an increase in value from $7,740,000 to $9,304,000, a change of 20.2%. The company has been performing well recently, which could be why NBW Capital LLC increased their holdings.

Microsoft Corporation saw an increase in shares from 39,625 to 42,310 and an increase in value from $9,229,000 to $10,146,000, a change of 9.9%. The company has been performing well recently, which could be why NBW Capital LLC increased their holdings.

Overall, NBW Capital LLC's changes in holdings reflect a mix of market trends, individual company performance, and investor perception. While there were some notable decreases in shares for certain companies, there were also increases in shares for others. It will be interesting to see how NBW Capital LLC's holdings change in the coming quarters and how these changes reflect market conditions and company performance.