Mcrae Capital Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

Introduction:

Investors are always on the lookout for the latest trends and changes in the holdings of various funds. These changes can provide valuable insights into the market sentiments and help investors make informed decisions. In this article, we will analyze the Q1 2023 vs. Q2 2023 13F holdings comparison of Mcrae Capital Management Inc, highlighting the major changes in their portfolio.

Microsoft Corp:

One of the notable changes in Mcrae Capital Management Inc's portfolio is the slight increase in their holdings of Microsoft Corp. In Q2 2023, they held 72,289 shares of the company compared to 72,241 shares in Q1 2023. This represents a meager increase of 0.07%. Additionally, the value of their holdings also increased from $20,827,000 to $24,617,000, showing a significant jump of 18.2%. This suggests that Mcrae Capital Management Inc has confidence in the future prospects of Microsoft Corp.

Quanta Services Inc:

Another company that saw a slight change in Mcrae Capital Management Inc's holdings is Quanta Services Inc. The fund held 101,870 shares of the company in Q2 2023, compared to 102,255 shares in Q1 2023, representing a minor decrease of 0.38%. However, the value of their holdings increased from $17,039,000 to $20,012,000, indicating a rise of 17.4%. This suggests that although Mcrae Capital Management Inc reduced their number of shares, they still have a positive outlook on the company's performance.

Omnicom Group Inc:

In Q2 2023, Mcrae Capital Management Inc's holdings of Omnicom Group Inc experienced a significant decrease. They held 179,791 shares of the company, a decrease of 5.88% compared to the 191,227 shares held in Q1 2023. The value of their holdings also decreased from $18,040,000 to $17,107,000, representing a drop of 5.2%. This indicates a decrease in confidence in the company's future prospects.

Perficient Inc:

Mcrae Capital Management Inc's holdings of Perficient Inc saw a modest increase in Q2 2023. They held 193,345 shares of the company, up from 192,070 shares in Q1 2023, representing a slight increase of 0.67%. The value of their holdings also increased from $13,865,000 to $16,111,000, indicating a rise of 16.2%. This suggests that Mcrae Capital Management Inc sees potential growth in Perficient Inc.

United Rentals Inc:

One of the companies that experienced a significant increase in Mcrae Capital Management Inc's holdings is United Rentals Inc. In Q2 2023, they held 33,861 shares of the company, compared to 28,849 shares in Q1 2023, representing an impressive increase of 17.32%. The value of their holdings also saw a substantial increase from $11,417,000 to $15,080,000, signaling a rise of 32.1%. This indicates that Mcrae Capital Management Inc has high expectations for United Rentals Inc.

Conclusion:

In this article, we analyzed the Q1 2023 vs. Q2 2023 13F holdings comparison of Mcrae Capital Management Inc. While some companies saw minor changes in their holdings, others experienced significant increases or decreases. Investors can use this information to gain insights into the fund's investment strategy and make informed decisions. It's worth noting that these holdings are subject to change as the market evolves, and it's crucial for investors to stay updated with the latest trends.