Radnor Capital Management, LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison

Introduction:

As the third quarter of 2023 comes to a close, it's time to analyze the holdings of Radnor Capital Management, LLC and compare them to the fourth quarter. In this blog post, we will look at the changes in the holdings of various funds managed by Radnor Capital Management, LLC and explore the reasons behind these fluctuations.

Merck & Co Inc:

In the third quarter of 2023, Radnor Capital Management, LLC held 564,782 shares of Merck & Co Inc. However, in the fourth quarter, the number of shares decreased to 547,534. Despite the decrease in shares, the value of the holding increased from $58,144,000 to $59,692,000, representing a 2.7% change.

Exxon Mobil Corp:

Radnor Capital Management, LLC also had holdings in Exxon Mobil Corp. In the third quarter, they held 156,095 shares, which increased to 160,497 shares in the fourth quarter. However, the value of the holding decreased from $18,354,000 to $16,046,000, indicating a 12.6% decline.

Apple Inc:

Apple Inc is another significant holding of Radnor Capital Management, LLC. In the third quarter, they held 79,814 shares, which slightly increased to 81,339 shares in the fourth quarter. The value of the holding also increased from $13,665,000 to $15,660,000 with a 14.6% change.

AutoZone Inc:

Radnor Capital Management, LLC had holdings in AutoZone Inc as well. The number of shares held increased from 5,227 in the third quarter to 5,510 in the fourth quarter. The value of the holding also saw an increase from $13,277,000 to $14,247,000, indicating a 7.3% change.

International Business Machs:

The holdings of Radnor Capital Management, LLC in International Business Machines (IBM) saw a slight decrease from 68,330 shares in the third quarter to 66,700 shares in the fourth quarter. However, the value of the holding increased from $9,587,000 to $10,909,000, representing a 13.8% change.

Microsoft Corp:

Radnor Capital Management, LLC held 28,504 shares of Microsoft Corp in the third quarter, which decreased to 27,553 shares in the fourth quarter. Despite the decrease in shares, the value of the holding increased from $9,000,000 to $10,361,000, indicating a 15.1% change.

JPMorgan Chase & Co:

In the third quarter, Radnor Capital Management, LLC held 58,904 shares of JPMorgan Chase & Co. The number of shares held remained relatively stable in the fourth quarter at 58,882. The value of the holding increased from $8,542,000 to $10,016,000, representing a 17.3% change.

Johnson & Johnson:

Radnor Capital Management, LLC also had holdings in Johnson & Johnson. In the third quarter, they held 50,326 shares, which increased to 54,536 shares in the fourth quarter. The value of the holding also increased from $7,838,000 to $8,548,000 with a 9.1% change.

American Express Co:

Radnor Capital Management, LLC increased their holdings in American Express Co from 37,416 shares in the third quarter to 40,007 shares in the fourth quarter. The value of the holding also increased significantly from $5,582,000 to $7,495,000, representing a 34.3% change.

Conclusion:

The third and fourth quarters of 2023 brought about interesting changes in the holdings of Radnor Capital Management, LLC. While some holdings saw increases in both shares and value, others experienced decreases. These fluctuations can be attributed to various factors, including market conditions, company performance, portfolio rebalancing, and investment strategies. As always, it is important for investors to stay informed about these changes and understand the reasoning behind them to make wise investment decisions.