The Rise and Fall of First City Capital Management's 13F Holdings in Q4 2022

First City Capital Management, Inc. is one of the top financial institutions that offer a wide range of investment management services. In managing their clients' portfolios, they adhere to the 13F filing requirements set by the Securities and Exchange Commission (SEC), which requires investment firms with over $100 million in assets under management to disclose their holdings quarterly. In this blog post, we will compare First City Capital Management's Q3 2022 versus Q4 2022 13F holdings and analyze the changes that occurred.

Home Depot Inc (HD) had the highest value of holdings in Q4 2022, valued at $7040 thousand. However, this was a decrease of 12.1% from Q3 2022, which had a value of $6280 thousand. Similarly, Coca-Cola Co (KO) had holdings valued at $5549 thousand in Q4 2022, a decrease of 12.1% from the $4950 thousand value in Q3 2022.

In contrast, several other companies experienced an increase in holdings, in some cases significantly. JPMorgan Chase & Co (JPM) had the highest percentage increase in holdings at 32%, with holdings valued at $2498 thousand in Q4 2022 compared to $1893 thousand in Q3 2022. Other companies with significant percentage increases in holdings include Freeport-McMoRan Inc (FCX) at 42.1%, Illinois Tool Wks Inc (ITW) at 24.2%, and Merck & Co Inc (MRK) at 23.2%.

It is worth noting that some companies experienced minimal changes in holdings. For instance, shares in InvESCO Exchanged Traded FD TR II (BKLN) remained constant at 36948 shares between Q3 and Q4 2022. Similarly, Vanguard Index FDS (VTI) had 3895 shares in both quarters.

One company that stood out in the list was Amazon com Inc (AMZN). First City Capital Management's holdings in AMZN fell by 29.9% in Q4 2022 compared to Q3 2022. AMZN holdings were valued at $2062 thousand in Q3 2022 but fell to $1444 thousand in Q4 2022.

Finally, Unified Ser Tr (MGMT) and Innovator ETFS TR (PAUG) had slight increases in their holdings at 5.7% and 4.3%, respectively. Innovator ETFS TR (PJAN) had no shares in Q3 2022 but had 25400 shares in Q4 2022.

In conclusion, First City Capital Management's Q4 2022 13F holdings showcased some interesting changes, with some companies experiencing a significant increase in holdings while others facing a decrease. It would be interesting to see if these trends continue into Q1 2023, and how First City Capital Management adjusts their holdings accordingly. As always, past performance is not indicative of future results, and investors should always conduct due diligence before making any investment decisions.