Provident Trust Co Q4 2022 vs. Q1 2023 13F Holdings: Which Stocks Had the Biggest Changes?

For the financial industry, the 13F form is one of the most used forms for reporting equity holdings by institutional investment managers owning more than $100 million in assets. These forms are filed with the Securities and Exchange Commission (SEC) on a quarterly basis, and they disclose the institutional investment managers' holdings in U.S. equity securities. Based on the latest quarter report, Provident Trust Co had several changes in its holdings. In this article, we will focus on the biggest changes made by Provident Trust Co in its equity holdings.

One of Provident Trust Co's most significant increases was in its holding of Accenture Plc (ACN), with a total of 150,2939 shares in Q4 2022, which increased by 10.6%, and 1551496 shares in Q1 2023. This represents an increase of 10.6% and a value of $401,044 and $443,433 for Q4 2022 and Q1 2023, respectively.

Another increase was in Costco Wholesale Corp New Com (COST), in which Provident Trust Co owned 845,032 shares in Q4 2022 and 859,795 shares in Q1 2023. This represents an increase of 10.7% and a value of $385,757 and $427,206 for Q4 2022 and Q1 2023, respectively.

In contrast, Provident Trust Co had a significant decrease in its holdings of Schwab Charles Cp New Com (SCHW) with a total of 5,559,999 shares in Q4 2022, which decreased by 34.3%, and 5,806,502 shares in Q1 2023. This decrease represents a value of $462,925 for Q4 2022 and a value of $304,144 for Q1 2023.

Home Depot (HD) was among the companies in which Provident Trust Co reduced its holdings by 37.9%. In Q4 2022, it held 928,024 shares representing $293,125 and reduced to 616,582 shares representing $181,965 in Q1 2023.

On the other hand, Southwest Airlines (LUV) had the most significant change in value, increasing by 153%. Provident Trust Co owned 2,557,130 shares in Q4 2022 worth $86,098 and increased to 6,693,394 shares worth $217,803 in Q1 2023.

In conclusion, Provident Trust Co made some notable changes to its holdings in Q1 2023 compared to Q4 2022, with the biggest changes in Schwab Charles Cp New Com, Home Depot, and Southwest Airlines. The increase in Southwest Airlines and Accenture Plc was remarkable, while the reduction in Schwab Charles Cp New Com and Home Depot positions was significant. It will be interesting to see how the company adjusts its portfolio in the next quarters and its impact on the financial market.