Investment Management: Comparing Longfellow's Q3 2022 and Q4 2022 13F Holdings

As the world's economies continue to recover from the pandemic, investment firms are taking advantage of new opportunities in various sectors. Longfellow Investment Management Co LLC is one such firm, which recently released its 13F holdings for Q3 2022 and Q4 2022. A 13F filing reports the firm's holdings of publicly traded securities, which it must disclose to the SEC quarterly. In this article, we'll take a closer look at Longfellow's holdings during these two quarters and analyze the changes in their positions.

Enterprises Seeing Consistency

Enterprise Prods Partners L (EPD) remained Longfellow's top holding in Q3 2022 and Q4 2022. The firm held 2.7 million shares, with a market value of $66.4 million in both quarters. With consistent holdings, Longfellow implicitly showed confidence in EPD's business model and financial health. The same is true of Magellan Midstream Prtnrs LP (MMP) and Plains All Amer Pipeline L (PAA), which also held the same number of shares across quarters.

Minor Changes

Among minor changes, Longfellow's position in Verizon Communications Inc (VZ) saw the most significant percentage gain. Its shares increased nearly 121% from 39,545 to 84,311, with a market value of $1.5 million in Q4 2022. Also, the firm marginally increased its exposure to Agnico Eagle Mines Ltd (AEM) by 1.7%, holding 162,554 shares in Q3 2022 and decreasing to 121,629 shares in Q4 2022, worth $6.3 million.

Similarly, Barrick Gold Corp (ABX.TO) had a minor decrease in Longfellow's holdings, and Western Midstream Partners L (WES) experienced a slight increase. With the addition of only 741 shares, WES gained 1.7% from Q3 2022 to Q4 2022.

Major Changes

Among the significant changes, Longfellow's position in Intel Corp (INTC) stood out. The firm bought 55,115 shares in Q4 2022 to hold a total of 99,213 worth $2.6 million, a sharp increase from just 44,098 shares worth $1.1 million held in Q3 2022. It is unclear why the firm decided to increase its position in Intel, but the chipmaker's new focus on its foundry business may be a contributing factor.

Furthermore, Longfellow significantly decreased its holdings in International Business Machs (IBM). In Q3 2022, the firm held 26,225 shares worth $3.1 million, but in Q4 2022, it trimmed that number to 11,136 shares worth $1.6 million. Similarly, Longfellow's holdings in Texas Instrs Inc (TXN) decreased by only four shares, but the total value decreased by 9.2% from $1.4 million in Q3 2022 to $1.3 million in Q4 2022.

Conclusion

Longfellow Investment Management Co LLC's 13F filing for Q3 2022 and Q4 2022 demonstrates the investment firm's faith in consistent performers EPD, MMP, and PAA. The firm made relatively minor changes to its holdings, with only a few adjustments labeled significant. Longfellow increased its position in INTC while decreasing its stake in IBM and TXN. However, with the markets' ongoing volatility, it remains to be seen how these positions will perform in the long run.