Wallington Asset Management, LLC Q4 2022 vs Q1 2023: An Analysis of 13F Holdings

As we approach the end of the first quarter of 2023, investors are eagerly examining the performance of their holdings over the past few months. One way that investors can get a glimpse into what some of the big players are doing is by analyzing their 13F holdings. In this blog post, we will be taking a closer look at Wallington Asset Management, LLC's (WAM) Q4 2022 vs Q1 2023 13F holdings.

WAM's Top Holdings for Q1 2023

WAM's top holdings for Q1 2023 remained relatively unchanged from the previous quarter, with Microsoft Corp. (MSFT), iShares Core S&P Small-Cap ETF (IJR), and TJX Companies Inc. (TJX) taking the top three spots. Microsoft Corp. saw a slight increase in shares, going from 90,126 to 90,436, and an impressive increase in value, going from $21,614,000 to $26,073,000, a 20.6% increase. The iShares Core S&P Small-Cap ETF also saw an increase in shares, going from 252,580 to 255,970, and an increase in value, going from $23,904,000 to $24,752,000, a 3.5% increase. TJX Companies Inc. saw a small increase in shares, going from 307,259 to 307,629, but a slight decrease in value, going from $24,458,000 to $24,106,000, a 1.4% decrease.

Other Major Changes in Holdings

One of the most significant changes in WAM's holdings was in Linde PLC (LIN) and Vanguard FTSE Developed Market (VEA). While they had no shares in either company in Q4 2022, they purchased 65,637 shares of Linde PLC and 471,210 shares of Vanguard FTSE Developed Market. Linde PLC had a value of $0 in Q4 2022, but in Q1 2023 its value increased to $23,330,000. Vanguard FTSE Developed Market also had a value of $0 in Q4 2022, but in Q1 2023, its value increased to $21,285,000.

UnitedHealth Group Inc. (UNH) and Honeywell International Inc. (HON) saw a decrease in both shares and value. UNH went from 34,656 to 34,666 shares and decreased in value from $18,374,000 to $16,383,000, a 10.8% decrease. HON went from 78,076 to 77,665 shares and decreased in value from $16,732,000 to $14,843,000, an 11.3% decrease.

Amazon.com Inc. (AMZN) and Apple Inc. (AAPL) saw a significant increase in value in Q1 2023, with AMZN increasing from $6,822,000 to $8,378,000, a 22.8% increase, and AAPL increasing from $16,107,000 to $20,422,000, a 26.8% increase.

Conclusion

In conclusion, it is evident from Wallington Asset Management, LLC's Q4 2022 vs Q1 2023 13F holdings that they made some significant changes to their portfolio, with Linde PLC and Vanguard FTSE Developed Market being the most notable additions. It will be interesting to see how these changes affect WAM's performance going forward. As always, it is important to do your own research and not rely solely on the holdings of others when making investment decisions.