Carderock Capital Management Inc Q4 2022 vs. Q1 2023: Fund Holdings and Changes

Carderock Capital Management Inc.'s holdings have been updated through the Q1 of 2023, and the changes in the fund's holdings have been summarized in this article. The comparison between Q4 2022 and Q1 2023 13F holdings of the fund is analyzed, highlighting the top holdings and changes.

The fund's holdings have been analyzed, drawing attention to the companies that have seen significant changes, both positively and negatively. The portfolio's overall value and percentage change have been analyzed to provide a clear understanding of the fund's performance.

Top Holdings

The top holdings in the fund, as of Q1 2023, are Apple, Alphabet, and Microsoft. Apple remains the largest holding for the fund, despite a decrease of almost 5%. Alphabet's position has remained relatively unchanged, and Microsoft has remained steady. On the other hand, Automatic Data Processing (ADP) has jumped up to the 6th position from 13th and Illinois Tool Works (ITW) has moved to the 7th position from 12th.

Other notable top holdings that experienced a decrease are Thermo Fisher Scientific (TMO), Honeywell international Inc. (HON), and UnitedHealth Group (UNH).

Top Gainers

The top gainers for the fund in Q1 2023 include Fortinet Inc. (FTNT) and Lam Research Corp. (LRCX). Fortinet saw an increase of over 100%, from 74,218 shares to 110,500 shares, while Lam Research's shares jumped by 158%, from 5,869 shares to 12,009 shares.

Other notable gainers include Quanta Services (PWR), Waste Connections Inc. (WCN), and Moody's Corp. (MCO).

Top Losers

The top losers for the fund in Q1 2023 include NextEra Energy (NEE), Johnson & Johnson (JNJ), and Procter & Gamble Co. (PG). NextEra Energy saw a massive decrease of over 76% and dropped from the 11th position to the 30th position. The other notable decliners saw a decrease of around 50% to 11%.

Other notable losers include Honeywell International Inc. (HON), Abbott Laboratories (ABT), and Illinois Tool Works (ITW).

Portfolio Value

The portfolio value of the fund decreased from $147,347 (Q4 2022) to $146,423 (Q1 2023). The portfolio value decreased by almost 1%. However, many stocks saw a rise in value despite the dip in overall portfolio value, highlighting the resilience of the companies and the fund's portfolio in general.

Overall, the changes in the holdings of Carderock Capital Management Inc. show that the fund has continued to adjust its portfolio and react to market changes. Despite the decrease in portfolio value, the fund has been showing a promising rise in some of its holdings. The quarterly SEC filings of institutional investment managers Form 13F provides insights into their investment portfolios and creates a level of transparency necessary for analyzing their performance.