Contravisory Investment Management, Inc. Q4 2022 vs. Q1 2023 13F Holdings Comparison

In the world of investments, constantly adjusting your strategy is key to staying ahead of the game. This is especially true for Contravisory Investment Management, Inc. as they implemented significant changes to their portfolio in the first quarter of 2023. Let's take a closer look at their Q4 2022 vs. Q1 2023 13F holdings comparison.

Marathon Pete Corp (MPC) remained a staple holding for Contravisory, with only a minor decrease of 1.8% in shares from Q4 2022 to Q1 2023. However, the value of their shares did increase by 13.6%, indicating that they still had confidence in this position.

On the other hand, McKesson Corp (MCK) saw a decrease in both shares and value by 1.9% and 7%, respectively. Schlumberger Ltd (SLB) and Merck & Co Inc (MRK) also saw a decrease in shares, with a corresponding decrease in value.

Surprisingly, Autonation Inc (AN) made its way onto Contravisory's portfolio in Q1 2023 with 52,195 shares valued at $7,012, despite not having any shares in Q4 2022. Chipotle Mexican Grill Inc (CMG) also saw a notable increase in shares, with 4,073 shares valued at $6,957.

Halliburton Co (HAL) saw the largest decrease in value, dropping by 21.4%, with a decrease in shares by 2.2%. Dollar Gen Corp New (DG) also experienced a significant drop of 15.4% in value.

It wasn't all bad news for Contravisory, as some positions saw significant increases in both shares and value. T-Mobile US Inc (TMUS) saw a substantial 33.5% increase in value, with an increase in shares by 29.1%. Waste Connections Inc (WCN) and Genuine Parts Co (GPC) also saw significant increases in shares and value.

In general, Contravisory implemented significant changes to their portfolio in the first quarter of 2023. Some positions saw increases in both shares and value, while others experienced decreases. However, these changes show that Contravisory is actively reevaluating their strategy and making adjustments to ensure continued success.