Hendershot Investments Inc. Q4 2022 vs. Q1 2023: A Comprehensive Review of Changes in 13F Holdings

Hendershot Investments Inc. recently filed its 13F with the SEC, revealing significant changes in its holdings from Q4 2022 to Q1 2023. The company manages a portfolio worth millions of dollars and invests in some of the biggest companies in the world. In this article, we will provide an in-depth analysis of the changes in Hendershot Investments Inc.'s 13F holdings.

One of the main changes in Hendershot Investments Inc.'s holdings is the decrease in shares of Johnson & Johnson (JNJ) from 146,066 in Q4 2022 to 143,005 in Q1 2023. The value of these shares also decreased from $25,802,000 to $22,165,000, representing a decline of 14.1%. This is notable, as JNJ is a well-known healthcare company that has historically been a reliable investment for many portfolios.

Another significant change is the increase in shares of Apple Inc (AAPL) from 238,364 in Q4 2022 to 236,340 in Q1 2023. The value of these shares also increased from $30,970,000 to $38,972,000, representing a 25.8% growth. This is not surprising, as Apple has been on an upward trend over the past year, with its stock prices increasing consistently.

Hendershot Investments Inc. also increased its holdings in several other companies like Alphabet Inc. (GOOGL), Microsoft Corp. (MSFT), and UnitedHealth Group Inc. (UNH), with growth percentages ranging from 19.7% to 22.6%. The increase in investment in these companies indicates the potential for growth in the technology and healthcare sectors.

However, not all of Hendershot Investments Inc.'s investment decisions paid off. For example, the company reduced its holdings in Procter & Gamble Co (PG) from 17,395 in Q4 2022 to 16,234 in Q1 2023. The value of these shares also decreased from $2,636,000 to $2,413,000, representing an 8.4% decline. Likewise, Hendershot Investments Inc. decreased its holdings in Texas Roadhouse Inc (TXRH) to zero in Q4 2022, but increased it to 22,282 in Q1 2023. The relatively small number of shares and short turnaround could indicate a strategic move.

The company also sold all its shares of Dominion Energy Inc. (D), whose value decreased from $1,113,000 in Q4 2022 to $912,000 in Q1 2023, representing an 18.1% decline. Hendershot Investments Inc. also decreased its holdings in Philip Morris International Inc. (PM) from 17,306 in Q4 2022 to 9,437 in Q1 2023. The value of these shares also decreased from $1,751,000 to $917,000, representing a huge 47.6% decline.

In conclusion, Hendershot Investments Inc.'s Q4 2022 and Q1 2023 13F holdings reveal an interesting mix of investment decisions. While some paid off, others did not. However, the increase in investment in companies like Apple, Alphabet, and Microsoft indicate the company is bullish on the technology and healthcare sectors. As always, it is important for investors to do their own research and analysis before making any investment decisions.