Exploring Founders Capital Management's Q4 2022 vs. Q1 2023 Holdings

Founders Capital Management, LLC is a Boston-based hedge fund that manages assets worth $557 million. According to its latest 13F filing with the Securities and Exchange Commission (SEC), the company has made some significant changes to its portfolio holdings in the first quarter of 2023, compared to the fourth quarter of 2022.

In this blog post, we will explore and analyze Founders Capital Management's Q4 2022 vs. Q1 2023 13F holdings comparison, which provides insights into the company's investment strategy and where it sees opportunities in the market.

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The first notable change in Founders Capital Management's holdings is its reduced position in Intel Corp. (INTC). The company has sold 242,719 shares of its Q4 2022 position, representing a decrease of 74.5% in shares held. This marks a significant shift in the company's strategy, as it had previously been one of the firm's most substantial holdings.

Another significant shift is the increase in Founders Capital Management's investment in Comcast Corp. New (CMCSA), with the fund adding 98,804 shares to its position during the quarter. This represents a significant increase of 145.7% in shares held and a clear indication that the company is bullish on Comcast's future prospects.

Furthermore, the hedge fund has also been adding to some of its leading positions, including Alphabet Inc. (GOOG) and Microsoft Corp. (MSFT). Founders Capital Management increased its Alphabet position by 8.7% while adding 21.1% to its Microsoft holdings.

Other holdings in which Founders Capital Management made notable adjustments during the first quarter include:

- The fund added 245,000 shares of Otis Worldwide Corporation (OTIS)

- It increased its position in Restaurant Brands International Inc. (QSR) by 3.8%

- It reduced its holdings in Wells Fargo & Co. New (WFC) by 9.6%

- It sold 12,099 shares of General Electric Company (GE)

The performance of these companies over the next few quarters will undoubtedly impact the performance of Founders Capital Management's portfolio. However, based on the changes made to the fund's holdings in Q4 2022 vs. Q1 2023, it seems like the company is betting on growth in technology, media, and telecommunications, while reducing exposure to certain financial stocks.

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In conclusion, Founders Capital Management has made some significant changes to its portfolio holdings in the first quarter of 2023, compared to the fourth quarter of 2022. The company has sold a substantial amount of its INTC shares while increasing positions in Comcast and Otis Worldwide Corporation. Its leading holdings, including Alphabet and Microsoft, have had additional investments made, while holdings in Wells Fargo and General Electric have been reduced.

It will be interesting to see how these changes impact the performance of Founders Capital Management's portfolio over the next few quarters, and whether the firm will continue to divest in certain financial holdings while increasing exposure to other sectors.