Foundation Resource Management Inc Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

In the world of finance, keeping track of the investments and holdings of various funds is crucial. One such document that provides valuable insights into these holdings is the 13F report, filed by institutional investment managers with the Securities and Exchange Commission (SEC) in the United States. This document discloses the investments held by a fund during a particular quarter, including the number of shares and their corresponding values. In this article, we will explore the Q2 2023 vs. Q3 2023 13F holdings comparison of Foundation Resource Management Inc.

Foundation Resource Management Inc Q2 2023 vs. Q3 2023 13F Holdings Comparison:

During the second quarter of 2023, Foundation Resource Management Inc held several notable investments. Let's take a closer look at some of the key changes in their holdings during the comparison period:

1. EXXON MOBIL (XOM):

- Q2 2023 (SHARES): 441,568

- Q3 2023 (SHARES): 436,470

- Q2 2023 VALUE ($000): 47,358

- Q3 2023 VALUE ($000): 51,320

- Change %: 8.4

Despite a slight decrease in the number of shares held, Foundation Resource Management Inc experienced an 8.4% increase in the value of their investment in Exxon Mobil, reaching $51,320,000 in Q3 2023.

2. TECK RESOURCES LTD CL B (TECK-B.TO):

- Q2 2023 (SHARES): 1,070,383

- Q3 2023 (SHARES): 1,056,812

- Q2 2023 VALUE ($000): 45,063

- Q3 2023 VALUE ($000): 45,538

- Change %: 1.1

The fund's holdings in Teck Resources Ltd CL B witnessed a slight decrease in shares (-1.1%), but the value of the investment remained relatively stable at $45,538,000 in Q3 2023.

3. CHEVRON (CVX):

- Q2 2023 (SHARES): 237,724

- Q3 2023 (SHARES): 236,143

- Q2 2023 VALUE ($000): 37,406

- Q3 2023 VALUE ($000): 39,818

- Change %: 6.4

Foundation Resource Management Inc also maintained a consistent investment in Chevron, with a slight decrease in shares (-6.4%) but an overall increase in value to $39,818,000 in Q3 2023.

4. CONOCOPHILLIPS (COP):

- Q2 2023 (SHARES): 309,724

- Q3 2023 (SHARES): 305,943

- Q2 2023 VALUE ($000): 32,091

- Q3 2023 VALUE ($000): 36,652

- Change %: 14.2

Another notable investment change by Foundation Resource Management Inc was in ConocoPhillips, where the number of shares decreased (-14.2%). However, the value of the investment increased significantly to $36,652,000 in Q3 2023.

5. BERKSHIRE HATHAWAY CL B (BRK-B):

- Q2 2023 (SHARES): 103,558

- Q3 2023 (SHARES): 103,095

- Q2 2023 VALUE ($000): 35,313

- Q3 2023 VALUE ($000): 36,114

- Change %: 2.3

Foundation Resource Management Inc maintained their investment in Berkshire Hathaway CL B, with a minimal decrease in shares (-2.3%) but a slight increase in value to $36,114,000 in Q3 2023.

Conclusion:

The Q2 2023 vs. Q3 2023 13F holdings comparison of Foundation Resource Management Inc showcases their strategic investment decisions during the period. Despite minor fluctuations in the number of shares held, the overall value of their investments witnessed positive growth. It is important to note that these observations are based on the 13F report filed by the company and do not reflect their current holdings. Monitoring such reports can provide valuable insights into the investment strategies of funds and help investors make informed decisions.