Ferguson Wellman Capital Management, Inc Q2 2023 vs. Q3 2023: A Comprehensive Analysis of 13F Holdings

Ferguson Wellman Capital Management, Inc recently released its 13F filings, providing a glimpse into the company's holdings for the second and third quarters of 2023. In this article, we will analyze the changes in holdings of the fund and highlight some noteworthy trends.

Microsoft (MSFT) and Apple Inc (AAPL) were the top holdings for Ferguson Wellman Capital Management in both quarters. However, there was a slight decrease in their holdings, with Microsoft experiencing a 7.4% decrease and Apple Inc seeing a 12.1% decrease. Despite these reductions, both companies remained significant investments for the fund.

One of the most significant changes in holdings was seen in Apache Corp (APA), which experienced a whopping 95.6% increase in shares held by Ferguson Wellman Capital Management. The surge in Apache's holdings showcases the fund's confidence in the company and its potential for growth.

Another notable change in holdings was witnessed in Schlumberger (SLB), an energy sector company. Ferguson Wellman Capital Management reduced its holdings in Schlumberger by 32.6%, indicating a shift in investment strategy within the sector.

In contrast, healthcare companies such as Zoetis (ZTS) and Eli Lilly (LLY) saw positive changes in their holdings. Ferguson Wellman Capital Management increased its holdings in Zoetis by 0.8% and in Eli Lilly by 14.9%. These moves suggest a bullish outlook on the healthcare industry and these specific companies' market performance.

The financial sector also saw some interesting shifts in holdings. American International Group (AIG) experienced a significant increase of 24.2% in holdings, while Ameriprise Financial (AMP) saw a slight decrease of 2.2%. These changes demonstrate the fund's dynamic approach to the financial market and its ability to adapt to market conditions.

It is essential to note that Ferguson Wellman Capital Management made several strategic adjustments across multiple sectors. While some holdings were increased, others were decreased, reflecting the fund's active management style.

Overall, Ferguson Wellman Capital Management's 13F filings for Q2 2023 and Q3 2023 provide valuable insights into the fund's investment strategy and highlight its focus on companies such as Microsoft, Apple Inc, and Apache Corp. By closely monitoring these holdings, investors can gain a better understanding of Ferguson Wellman Capital Management's investment decisions and potentially use the information to inform their own investment strategies.

Please note that the information provided in this article is based on public records and should not be considered financial advice. Investors are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.