Q3 2022 vs Q4 2022: Analyzing Changes in Minneapolis Portfolio Management Group's Holdings

Minneapolis Portfolio Management Group, LLC is a registered investment advisor with clients across the United States. As of Q4 2022, the firm had a total portfolio value of $1.2 billion with holdings spread across different sectors, including healthcare, information technology, industrials, and consumer discretionary, among others.

In this blog post, we'll examine the changes in the fund's holdings from Q3 2022 to Q4 2022. We'll analyze the data, focusing on the top holdings in the portfolio, and discuss the implications of the changes.

Top Holdings

UnitedHealth Group Inc (UNH) was the top holding in Minneapolis Portfolio Management Group, LLC in Q3 and Q4 2022. The fund sold 3,379 shares of UNH, representing a 4.6% decrease in the number of shares held. However, there was only a marginal decrease in the value of the investment, which went from $36.9 million to $36.9 million.

Corning Inc (GLW) takes the second spot in the fund's holdings. The company saw a 3.6% decrease in the number of shares held from Q3 to Q4 2022, but the value of the investment increased from $33.9 million to $36.0 million.

Other notable top holdings in the portfolio that saw changes in their holdings include:

- Oracle Corp (ORCL): The fund sold 18,519 shares, representing a 4% decrease in the number of shares held. However, the value of the investment increased from $28.0 million to $35.9 million, representing a 28.4% increase.

- Simon PPTY Group Inc New (SPG): The fund sold 10,858 shares, or a 3.5% decrease. However, the value of the investment increased from $28.1 million to $35.6 million, representing a 26.4% increase.

- Caterpillar Inc (CAT): The fund sold 5,509 shares, representing a 3.6% decrease in the number of shares held. However, the value of the investment increased from $25.2 million to $35.5 million, representing a 40.8% increase.

- Orion Engineered Carbons S A (OEC): The fund sold 60,761 shares, representing a 3% decrease in the number of shares held. The value of the investment increased from $27.1 million to $35.1 million, representing a 29.4% increase.

Implications

The data shows that Minneapolis Portfolio Management Group, LLC made significant changes in its holdings from Q3 to Q4 2022. The fund decreased its holdings in several companies while increasing holdings in other companies.

One notable change in the portfolio was the addition of new positions in Exxon Mobil Corp (XOM) and Baker Hughes Company (BKR). The fund acquired 194,242 shares of XOM with a value of $21.4 million and 657,300 shares of BKR worth $19.4 million.

Another notable change was the sale of 3,187,031 shares of Qurate Retail Inc (QRTEA), representing a 20.7% decrease in the number of shares held. The value of the investment decreased from $9.9 million to $7.9 million.

The data also shows that Honeywell Intl Inc (HON) was a new addition to the portfolio, with the fund acquiring 1,000 shares worth $503,000. The investment in Vanguard Index FDS (VOO) also increased from 0 shares in Q3 2022 to 981 shares worth $344,000 in Q4 2022.

Conclusion

In conclusion, Minneapolis Portfolio Management Group, LLC made significant changes in its holdings from Q3 2022 to Q4 2022. The fund increased its holdings in some companies while reducing holdings in others. The addition of new positions in XOM and BKR, as well as the sale of QRTEA, shows that the fund is strategic in its investment decisions.

It's worth noting that investing in the stock market is subject to many uncertainties and risks, and past performance doesn't guarantee future results. Therefore, investors should do their due diligence and seek professional advice before making any investment decisions.