The Rise and Fall of Copeland Capital Management's Q4 2022 vs. Q1 2023 Holdings

Copeland Capital Management's 13F filings for Q4 2022 and Q1 2023 show a significant shift in the firm's holdings. Some stocks saw an increase in shares held, while others witnessed a decrease. This article will delve into the changes and analyze what could have led to such a shift.

Firstly, let's start with the companies that saw an increase in shares held. Brookfield Infrastructure-A, Stevanato Group SPA, and Nexpoint Residential gained 108.8%, 44.3%, and 18.4%, respectively. For Brookfield Infrastructure, the company reported earnings that beat expectations in Q4 2022, with the growth driven by gains in its utilities business. The increase in Stevanato Group shares could be attributed to the company's successful IPO in Q1 2023. Finally, Nexpoint Residential's Q4 2022 earnings report showed strength in rent collections and occupancy rates.

Next, let's look at companies that saw a decrease in shares held. Bank OZK, Morningstar Inc, and Globe Life Inc dropped by 15.6%, 5%, and 8.7%, respectively. For Bank OZK, investors were concerned about the bank's exposure to commercial real estate loans. Morningstar's Q4 2022 report missed expectations, while Globe Life saw a decline in its Q4 2022 earnings report due to lower net investment income.

Now, let's examine the companies that Copeland Capital Management bought or sold entirely. One notable purchase was Kinsale Capital Group Inc, with Copeland buying 184,153 shares. Kinsale is a specialty insurance company that has reported strong earnings and solid growth over the past few years. One notable sale was Matador Resources Co, with Copeland selling its entire position. Matador is an independent oil and gas exploration company that has struggled over the past two years due to the COVID-19 pandemic's impact on oil prices and demand.

In conclusion, Copeland Capital Management's Q4 2022 vs. Q1 2023 13F holdings comparison showed a significant shift in the firm's holdings. While some companies saw an increase in shares held, others witnessed a decrease. Additionally, Copeland bought and sold entirely some positions. The reasons for these changes are company-specific, with factors ranging from successful earnings reports to exposure to commercial real estate loans. As always, investors should conduct thorough due diligence before investing in any securities.