Fenimore Asset Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

CDW Corporation, Ross Stores, Inc., Brown & Brown, Inc., and Stryker Corporation Among Top Changes in Fenimore Asset Management Inc's 13F Holdings

Fenimore Asset Management Inc, a reputable investment management firm, recently released its Q1 2023 and Q2 2023 13F holdings report. The report showcases the changes in holdings made by the firm during this period. Some notable companies experienced significant changes, while others saw more subtle shifts. Let's delve into the details of the report to explore these changes.

One of the significant changes in Fenimore Asset Management Inc's 13F holdings is CDW Corporation. While the value of the shares slightly decreased by 5.8%, the number of shares held by the firm remained relatively stable. This indicates that Fenimore Asset Management Inc retains its confidence in CDW Corporation despite the slight decrease in value.

Similarly, Ross Stores, Inc. also experienced minimal changes in its holdings, with a 5.7% increase in the value of the shares held. This indicates Fenimore Asset Management's faith in the company's performance and potential growth.

Brown & Brown, Inc. witnessed a notable increase in the number of shares held by Fenimore Asset Management Inc, with a 19.8% surge. The value of the shares also rose significantly, signaling the firm's positive outlook on the company's prospects and potential returns.

Stryker Corporation, another notable company in Fenimore Asset Management Inc's holdings, experienced a 6.2% increase in the shares held. This slight shift suggests that the firm believes in Stryker's consistent performance and long-term growth potential.

IDEX Corporation, on the other hand, saw a 7.1% decrease in shares held by Fenimore Asset Management Inc. While the value of the shares declined slightly, suggesting some caution, it is essential to remember that fluctuations in holdings are part of a dynamic investment strategy.

Vulcan Materials witnessed a significant surge in Fenimore Asset Management Inc's holdings, with a 31% increase in the number of shares held. This growth reflects the firm's confidence in the construction materials producer's ability to benefit from the ongoing infrastructure projects and economic recovery.

Air Products & Chemicals, Inc. also experienced a positive shift in its holdings. With a 4.1% increase in shares held by Fenimore Asset Management Inc, the company seems poised for growth in the coming months. The firm likely recognizes the company's strong position in the chemical industry and its potential for further expansion.

Microchip Technology Incorpora saw a 6.7% increase in the number of shares held by Fenimore Asset Management Inc. This shift indicates their confidence in the company's ability to navigate the ever-growing demand for semiconductor solutions.

Aside from the changes mentioned above, Fenimore Asset Management Inc made several other adjustments to their 13F holdings during Q1 2023 and Q2 2023. While some changes may seem more significant than others, it's essential to remember that these shifts are part of a dynamic investment strategy aimed at optimizing returns for their clients.

In conclusion, Fenimore Asset Management Inc's Q1 2023 and Q2 2023 13F holdings report showcases their strategic decisions and adjustments made within their portfolio during this period. The shift in holdings reflects their confidence in certain companies' performance and potential growth. As an investment management firm, Fenimore Asset Management Inc's goal is to provide their clients with the best possible returns, and the 13F holdings report reflects these efforts.