Kempner Capital Management Inc. Q2 2023 vs. Q3 2023: A Detailed Analysis of 13F Holdings

Introduction:

As investors, it's important to stay up-to-date with the latest changes in the holdings of various funds. One such report that provides valuable insights is the 13F Holdings report. In this article, we will analyze the Q2 2023 vs. Q3 2023 13F Holdings comparison for Kempner Capital Management Inc. and discuss the notable changes in their portfolio.

Key Findings:

1. BLACK STONE MINERALS L P (BSM):

- The number of shares held remained unchanged at 498,616.

- The value of the holding increased from $7,953,000 to $8,591,000, indicating an 8% change.

2. BP PLC (BP):

- The number of shares held remained unchanged at 186,139.

- The value of the holding increased from $6,569,000 to $7,207,000, showing a 9.7% change.

3. MICRON TECHNOLOGY INC (MU):

- The number of shares held remained unchanged at 94,967.

- The value of the holding increased from $5,993,000 to $6,461,000, indicating a 7.8% change.

4. GENERAL MTRS CO (GM):

- The number of shares held remained unchanged at 180,005.

- The value of the holding decreased from $6,941,000 to $5,935,000, showing a -14.5% change.

5. SHELL PLC (SHEL):

- The number of shares held remained unchanged at 86,087.

- The value of the holding increased from $5,198,000 to $5,542,000, indicating a 6.6% change.

6. INTERNATIONAL FLAVORS&FRAGRANCES (IFF):

- The number of shares held increased from 44,419 to 79,204.

- The value of the holding increased from $3,535,000 to $5,399,000, showing a 52.7% change.

7. TAIWAN SEMICONDUCTOR MFG LTD (TSM):

- The number of shares held remained unchanged at 61,343.

- The value of the holding decreased from $6,191,000 to $5,331,000, indicating a -13.9% change.

8. CISCO SYS INC (CSCO):

- The number of shares held remained unchanged at 97,157.

- The value of the holding increased from $5,027,000 to $5,223,000, showing a 3.9% change.

9. PIONEER NAT RES CO (PXD):

- The number of shares held remained unchanged at 22,195.

- The value of the holding increased from $4,598,000 to $5,095,000, indicating a 10.8% change.

10. DISNEY WALT CO (DIS):

- The number of shares held increased from 52,729 to 62,653.

- The value of the holding increased from $4,708,000 to $5,078,000, showing a 7.9% change.

Explanation and Analysis:

1. BLACK STONE MINERALS L P (BSM):

- Kempner Capital Management Inc. maintained its stake in Black Stone Minerals L P, with 498,616 shares.

- The value of their holding increased by 8%, indicating a positive sentiment towards the company.

2. BP PLC (BP):

- Kempner Capital Management Inc. held onto its 186,139 shares in BP PLC.

- The value of their holding increased by 9.7%, reflecting confidence in the company's performance.

3. MICRON TECHNOLOGY INC (MU):

- The fund retained its position in Micron Technology Inc, with 94,967 shares.

- The value of their holding increased by 7.8%, suggesting a favorable outlook on the company's prospects.

4. GENERAL MTRS CO (GM):

- No changes were made to the fund's stake in General Mtrs Co, with 180,005 shares held.

- The value of their holding decreased by -14.5%, which could be a result of various factors affecting the company's performance.

5. SHELL PLC (SHEL):

- Kempner Capital Management Inc. maintained its 86,087 shares in Shell PLC.

- The value of their holding increased by 6.6%, signifying positive expectations for the company.

6. INTERNATIONAL FLAVORS&FRAGRANCES (IFF):

- Kempner Capital Management Inc. significantly increased its stake in International Flavors&Fragrances, with the number of shares rising from 44,419 to 79,204.

- The value of their holding also experienced a substantial increase of 52.7%, indicating strong confidence in the company's growth potential.

7. TAIWAN SEMICONDUCTOR MFG LTD (TSM):

- Kempner Capital Management Inc. maintained its position in Taiwan Semiconductor Mfg Ltd, with 61,343 shares.

- The value of their holding decreased by -13.9%, possibly due to market fluctuations or other factors impacting the company.

8. CISCO SYS INC (CSCO):

- No changes were made to the fund's stake in Cisco Sys Inc, with 97,157 shares held.

- The value of their holding increased by 3.9%, reflecting positive sentiment towards the company.

9. PIONEER NAT RES CO (PXD):

- Kempner Capital Management Inc. held onto its 22,195 shares in Pioneer Nat Res Co.

- The value of their holding increased by 10.8%, suggesting optimism in the company's performance.

10. DISNEY WALT CO (DIS):

- Kempner Capital Management Inc. increased its stake in Disney Walt Co, with the number of shares rising from 52,729 to 62,653.

- The value of their holding increased by 7.9%, indicating positive expectations for the company.

Conclusion:

The Q2 2023 vs. Q3 2023 13F Holdings report for Kempner Capital Management Inc. highlights both stable positions and notable changes in their portfolio. While some holdings remained unchanged, others experienced varying degrees of growth or decline in value. This analysis provides valuable insights into Kempner Capital Management Inc.'s investment strategy and gives investors a glimpse into their sentiment towards different companies. It is essential to stay informed about these changes to make well-informed investment decisions.