Rossmore Private Capital Q4 2022 vs. Q1 2023 13F Holdings Comparison

For investors and portfolio managers, reviewing 13F filings is an essential part of keeping track of the changes in a fund's holdings. The 13F filing records the quarterly holdings of institutional investment managers with over $100 million in assets under management. In this comparison of Rossmore Private Capital's Q4 2022 and Q1 2023 13F filings, we'll dive into the changes made by the firm and offer insights into their investment strategy.

Looking at the data, we can see that Rossmore Private Capital reduced their overall holdings from $503,275,000 in Q4 2022 to $488,562,000 in Q1 2023. This amounts to a decline of 2.92% in terms of overall value. This decrease is marked by a few significant changes in holdings across the firm's top holdings, including a massive drop in Johnson & Johnson's shares, and a notable increase in holdings for Apple, Inc.

Apple, Inc. saw the most substantial change in Rossmore Private Capital's portfolio, with a 22.3% increase in shares, from 230,849 to 222,511. The value of these holdings rose from $29,994,000 to $36,692,000, indicating a significant level of confidence in the tech giant's future performance. Microsoft Corp also saw a slight increase in shares, up 2.56% from Q4 2022 to Q1 2023.

On the flip side, Johnson & Johnson saw a significant drop in Rossmore Private Capital's holdings, with a -12.7% decrease in shares from Q4 2022 to Q1 2023. The value of these shares also fell from $17,401,000 to $15,192,000, indicating a lack of confidence in the healthcare company's future performance. Chevron Corp also saw a substantial decrease, with a -9% decline in shares from Q4 2022 to Q1 2023.

Looking at the sector distribution of Rossmore Private Capital's holdings, we can see an 18.1% allocation to the technology sector, followed by healthcare, finance, and consumer defensive, each around 10-12%. Interestingly, Rossmore Private Capital has only 0.83% of their holdings in energy, suggesting a lack of confidence in the prospects of the sector.

In terms of individual holdings, Exxon Mobil Corp remains the firm's top holding, albeit with a slight decrease in shares. The stock represents 10.1% of their holdings, valued at $49,396,000. Following closely behind are holdings in Vanguard Tax-Managed Fds' and Berkshire Hathaway Inc Del's, each of which represents around 5% of the firm's holdings.

To conclude, while Rossmore Private Capital has made some significant moves in their Q1 2023 13F holdings, it's evident that the firm remains focused on a diverse portfolio of top-performing companies across different sectors. Time will tell whether the firm's confidence in Apple, Inc. and Microsoft Corp will pay off, while the decrease in Johnson & Johnson's holdings signals concerns in the healthcare sector.