Comparing Penobscot Investment Management's Q3 and Q4 2022 Holdings: Which Stocks Were Bought or Sold?

Penobscot Investment Management Company, Inc. recently filed their Q3 and Q4 2022 13F holdings report. This report highlights the stocks that the firm bought or sold during the quarter, including the value of those holdings and the percentage change from the previous quarter. By analyzing this report, investors can gain insights into the investment strategy of the firm and make informed decisions about their own investment portfolios.

Microsoft Corporation (MSFT) was a top holding for Penobscot Investment Management in both Q3 and Q4 2022, with 103,603 shares in Q3 and 98,723 shares in Q4. The value of these shares decreased by 1.9% from $24,129,000 to $23,675,000. Apple Inc. (AAPL), another popular stock, saw a decrease in shares from 182,522 in Q3 to 175,597 in Q4. The value of these shares decreased by 9.5% from $25,224,000 to $22,815,000.

Despite these decreases, there were several stocks that saw an increase in their holdings and value. Mastercard Incorporated (MA) saw an increase in shares from 39,072 in Q3 to 37,252 in Q4, with the value of these shares increasing by 16.6% from $11,109,000 to $12,953,000. JP Morgan Chase & Co. (JPM) also saw an increase in shares from 95,222 in Q3 to 94,162 in Q4, and the value of these shares increased by 26.9% from $9,951,000 to $12,627,000.

Sherwin Williams Co. (SHW) was another stock that saw an increase in holdings and value, with shares increasing from 53,220 in Q3 to 52,968 in Q4, and the value of these shares increasing by 15.4% from $10,897,000 to $12,570,000. Danaher Corporation (DHR), Johnson & Johnson (JNJ), and AbbVie Inc. (ABBV) were also among those stocks that saw an increase in holdings and value during this period.

On the other hand, there were some stocks that saw a significant decrease in their holdings and value. Invesco QQQ Trust (QQQ) saw a decrease in shares from 43,057 in Q3 to 38,418 in Q4, and the value of these shares decreased by 11.1% from $11,507,000 to $10,229,000. SPDR Portfolio Short Term Corp Bd ETF (SPSB) also saw a decrease in shares from 111,820 in Q3 to 85,090 in Q4, and the value of these shares decreased by 23.5% from $3,267,000 to $2,499,000.

Overall, Penobscot Investment Management Company, Inc. made some significant changes to their stock holdings during Q3 and Q4 2022. While some stocks saw an increase in holdings and value, there were also some that saw a decrease. Investors who follow the firm's investment strategy or hold similar stocks in their portfolios should pay attention to these changes and adjust their investment plans accordingly.