Cardinal Capital Management Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investment firms and hedge funds are required to file a Form 13F with the Securities and Exchange Commission (SEC) every quarter, providing a snapshot of their holdings. These reports offer valuable insights into the investment decisions made by some of the biggest players in the market. In this article, we will compare the holdings of Cardinal Capital Management in Q2 2023 with Q3 2023, highlighting the changes and potential implications for investors.

1. ELI LILLY & CO (LLY)

- Q2 2023 Shares: 36,231

- Q3 2023 Shares: 35,668

- Q2 2023 Value: $16,991,000

- Q3 2023 Value: $19,158,000

- Change: -12.8%

Cardinal Capital Management reduced its holdings in Eli Lilly & Co during the Q3 2023 period. The decrease in shares and the increase in value suggest a potential strategic reallocation of assets within the healthcare sector.

2. MICROSOFT CORP (MSFT)

- Q2 2023 Shares: 52,394

- Q3 2023 Shares: 52,328

- Q2 2023 Value: $17,842,000

- Q3 2023 Value: $16,522,000

- Change: -7.4%

The holdings of Microsoft Corp remained relatively stable for Cardinal Capital Management, with a minor decrease in both shares and value. This indicates a conservative approach towards one of the leading technology companies in the market.

3. JOHNSON & JOHNSON (JNJ)

- Q2 2023 Shares: 100,011

- Q3 2023 Shares: 100,936

- Q2 2023 Value: $16,553,000

- Q3 2023 Value: $15,720,000

- Change: -5%

Cardinal Capital Management slightly increased its holdings in Johnson & Johnson during the Q3 2023 period. Despite the decrease in value, the relatively stable share count suggests confidence in the healthcare giant's long-term prospects.

4. APPLE INC (AAPL)

- Q2 2023 Shares: 75,661

- Q3 2023 Shares: 78,056

- Q2 2023 Value: $14,675,000

- Q3 2023 Value: $13,363,000

- Change: -8.9%

Cardinal Capital Management increased its holdings in Apple Inc during the Q3 2023 period. However, the decrease in value indicates a potential shift in sentiment toward the tech giant's performance in the coming months.

5. EXXON MOBIL CORP (XOM)

- Q2 2023 Shares: 105,199

- Q3 2023 Shares: 105,900

- Q2 2023 Value: $11,282,000

- Q3 2023 Value: $12,451,000

- Change: 10.4%

Cardinal Capital Management increased its holdings in Exxon Mobil Corp during the Q3 2023 period. The significant increase in value suggests a bullish outlook on the energy sector and Exxon Mobil's potential for growth.

6. COSTCO WHSL CORP NEW (COST)

- Q2 2023 Shares: 21,235

- Q3 2023 Shares: 21,774

- Q2 2023 Value: $11,432,000

- Q3 2023 Value: $12,301,000

- Change: 7.6%

Cardinal Capital Management slightly increased its holdings in Costco Wholesale Corp during the Q3 2023 period. This indicates confidence in the retail industry and Costco's ability to generate consistent returns.

7. DEERE & CO (DE)

- Q2 2023 Shares: 25,648

- Q3 2023 Shares: 25,731

- Q2 2023 Value: $10,423,000

- Q3 2023 Value: $9,744,000

- Change: -6.5%

Cardinal Capital Management slightly increased its holdings in Deere & Co during the Q3 2023 period. The decrease in value suggests a cautious approach towards the heavy machinery industry.

8. AUTOMATIC DATA PROCESSING IN (ADP)

- Q2 2023 Shares: 40,275

- Q3 2023 Shares: 40,246

- Q2 2023 Value: $8,901,000

- Q3 2023 Value: $9,731,000

- Change: 9.3%

Cardinal Capital Management slightly reduced its holdings in Automatic Data Processing Inc during the Q3 2023 period. However, the increase in value suggests a positive outlook on the company's prospects in the IT sector.

9. LOWES COS INC (LOW)

- Q2 2023 Shares: 43,871

- Q3 2023 Shares: 44,128

- Q2 2023 Value: $9,901,000

- Q3 2023 Value: $9,171,000

- Change: -7.4%

Cardinal Capital Management slightly reduced its holdings in Lowes Companies Inc during the Q3 2023 period. The decrease in value indicates a cautious approach towards the home improvement retail industry.

10. INTEL CORP (INTC)

- Q2 2023 Shares: 253,114

- Q3 2023 Shares: 257,532

- Q2 2023 Value: $8,464,000

- Q3 2023 Value: $9,155,000

- Change: 8.2%

Cardinal Capital Management increased its holdings in Intel Corp during the Q3 2023 period. The significant increase in value suggests a positive outlook on the company's future performance in the semiconductor industry.

These figures represent just a portion of Cardinal Capital Management's overall holdings and should not be viewed in isolation. Investors should conduct thorough research and analysis before making any investment decisions.