Hoertkorn Richard Charles Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

The 13F Holdings Report provides valuable insights into the changes in fund holdings over a specific period. In this article, we will analyze the Q2 2023 versus Q3 2023 holdings of the Hoertkorn Richard Charles fund. We will explore the top gainers and losers and assess the overall performance of the fund during this period.

Q2 2023 vs. Q3 2023 Hoertkorn Richard Charles 13F Holdings Comparison:

During the transition from Q2 2023 to Q3 2023, the Hoertkorn Richard Charles fund experienced several changes in its holdings. Let's delve into the details and understand the implications of these changes.

Top Gainers:

1. APA Corporation (APA):

APA Corporation emerged as one of the top gainers, with a significant increase in shares from 195,070 to 194,470, demonstrating a growth of 19.9%. The total value also rose from $6,665,000 to $7,992,000.

2. Intel Corporation (INTC):

Intel Corporation experienced a notable increase in shares, rising from 87,557 in Q2 to 95,857 in Q3, resulting in a 16.4% gain. The value of the shares also increased from $2,927,000 to $3,407,000.

3. ConocoPhillips (COP):

ConocoPhillips recorded a gain in shares, growing from 15,223 to 15,139, with a corresponding value increase from $1,577,000 to $1,813,000, marking a growth rate of 15%.

4. Johnson & Johnson (JNJ):

Johnson & Johnson witnessed a marginal increase in shares from 9,864 to 9,709. Though the increase was minimal, the value of shares decreased slightly from $1,632,000 to $1,512,000, indicating a potential realignment of portfolio strategy.

Top Losers:

1. Advanced Micro Devices (AMD):

Advanced Micro Devices experienced a decrease in shares from 3,000 to 3,400, resulting in a decline of 2.3%. However, the value of the shares increased slightly from $341,000 to $349,000.

2. DNP Select Income Fund (DNP):

DNP Select Income Fund witnessed a decrease in shares from 24,150 to 24,150, with a corresponding decrease in value from $253,000 to $229,000, representing a decline of 9.2%.

3. Realty Income Corporation (O):

Realty Income Corporation recorded a decrease in shares from 666 to 666, resulting in a decline of 16.5%. The value of the shares also decreased from $39,000 to $33,000 during this period.

4. Home Depot (HD):

Home Depot experienced a slight decline in shares from 22,251 to 22,234, with a corresponding decrease in value from $6,912,000 to $6,718,000, marking a decline of 2.8%.

Portfolio Performance and Analysis:

Overall, the Hoertkorn Richard Charles fund displayed a mixed performance during the transition from Q2 2023 to Q3 2023. While some stocks witnessed substantial gains, others experienced minor losses. Despite the fluctuations, the fund maintained a balanced portfolio allocation.

The fund's decision to increase its holdings in APA Corporation and Intel Corporation paid off, as both stocks exhibited robust growth during this period. Additionally, the increase in ConocoPhillips holdings indicates a positive outlook on the energy sector.

On the other hand, the decrease in holdings of Advanced Micro Devices and DNP Select Income Fund suggests a potential shift in investment strategy or profit realization. The decline in Realty Income Corporation's shares may reflect a cautious approach towards the real estate market.

Conclusion:

The Q2 2023 versus Q3 2023 13F Holdings comparison of the Hoertkorn Richard Charles fund reveals a dynamic portfolio with gains and losses. The fund strategically increased its holdings in APA Corporation and Intel Corporation, indicating confidence in their future prospects. While some stocks experienced declines, it is important to analyze these changes within the broader context of the fund's investment strategy.