Argent Capital's Q3 vs. Q4 2022 Holdings: A Look at Top Stocks and Changes

Argent Capital Management LLC is a St. Louis-based investment firm that focuses on value investing in publicly traded companies in the United States and Canada. The firm files SEC Form 13F on a quarterly basis to disclose its holdings and changes in those holdings.

Looking at the Q3 2022 vs. Q4 2022 comparison, we can see that there were some significant changes in Argent Capital's investments. In this blog post, we will take a closer look at some of the top stocks in the portfolio and the changes that occurred.

Microsoft Corporation (MSFT) remained the top holding for Argent Capital, with 495,175 shares worth $118,752, a decrease of 1.7% from Q3. Danaher Corporation (DHR) remained the second-largest holding, with 402,573 shares worth $106,850, a decrease of 2.1% from Q3.

One of the biggest increases in holdings was for Northrop Grumman Corporation (NOC), which saw a 15.4% increase in shares from Q3 to Q4. The company now holds 174,404 NOC shares worth $95,156. There were also significant increases in holdings for United Rentals, Inc. (URI), with a 30.8% jump, and JPMorgan Chase & Co. (JPM), which saw a 27.6% increase in shares.

On the other hand, Apple Inc. (AAPL) saw a decrease in both shares and value from Q3 to Q4, down 6.6% and 27.6%, respectively. Amazon.com, Inc. (AMZN) saw the steepest decline in shares with a 30.3% decrease, bringing the total shares to 726,153 worth $60,996.

Looking at sector-wise changes, the financial sector remained the top sector holding for Argent Capital with 19.24% of the total portfolio, followed by the technology sector with 18.1%. Argent Capital, increased its holdings in both these sectors year over year. Consumer discretionary was the third-largest sector, accounting for 17.79% of the portfolio, and it saw a 39.3% increase in shares.

In conclusion, Argent Capital made significant changes in its holdings from Q3 to Q4 2022, which can be attributed to the decision to reallocate assets based on updated market conditions. The impact of other factors like COVID-19, inflation, and supply chain disruptions may have played a role as well. The data presented in this post provides a glimpse into the investment trends of a reputable investment firm that employs a rigorous value investing approach.