Capital Investment Counsel, Inc Q4 2022 vs. Q1 2023 13F Report: Key Changes in Holdings

The latest 13F report for Capital Investment Counsel, Inc shows some interesting changes in the company's Q4 2022 vs. Q1 2023 holdings. The report highlights some key investment moves made between these two quarters. This article aims to summarize the changes and provide some analysis of the company's investment strategy.

The report reveals that the company reduced its stake in several companies, including Walmart, Lowe's, and Procter & Gamble. Walmart and Lowe's both had a decrease in shares held by Capital Investment Counsel, Inc of 7.2% and 1.8%, respectively. Meanwhile, there was a reduction of 10.6% in shares held by the company in Procter & Gamble.

However, the company increased its stake in several companies, including Applied Materials, Qualcomm, and Visa. Applied Materials saw an increase of 9.6% in shares held by the company, while Qualcomm and Visa saw increases of 14% and 8.5%, respectively.

One of the most significant moves made by Capital Investment Counsel, Inc, according to the report, was its investment in Nvidia Corporation. The company increased its shares in the tech giant by 84%, from 9,631 to 17,718. This investment is noteworthy given Nvidia's position in the rapidly growing semiconductor industry, which is expected to continue expanding. The move may reflect the company's bullish outlook on the industry's future.

Another notable investment move is the company's increase in holdings of Meta Platforms, from 15,575 to 11,460, representing an increase of 29.6%. Meta Platforms, previously known as Facebook, saw a significant increase in its stock price in December 2022.

In terms of decreasing shares, it's worth noting that Raytheon Technologies saw a decrease of 16.5% in shares held by Capital Investment Counsel, Inc, from 35,071 to 30,187. This move suggests the company has adopted a more bearish view on the stock. Meanwhile, Helmerich & Payne saw a decrease of 34.7% in shares held by the company, from 81,002 to 73,380.

The report also shows that Capital Investment Counsel, Inc increased its holdings in Kraneshares TR, a tech-focused exchange-traded fund, from 67,525 to 53,125. This move suggests the company is bullish on the tech industry's future, and specifically China's role in this sector.

Overall, Capital Investment Counsel, Inc's Q4 2022 vs. Q1 2023 13F report showcases a combination of bullish and bearish moves. While the company has reduced its stake in some companies, it has increased its holdings in others. These moves are indicative of a company that is willing to invest in a wide range of industries to maximize returns for its clients.

In conclusion, the latest 13F report for Capital Investment Counsel, Inc emphasizes the company's investment strategy in 2023. While there were some significant changes in the company's holdings, it's clear that the company's focus is on investing in companies with a promising future. By increasing its stake in companies such as Nvidia and Meta Platforms, Capital Investment Counsel, Inc is positioning itself as a company that is capable of making successful investment decisions in an ever-changing economic environment.