F&V Capital Management, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

The recent filing of F&V Capital Management's 13F reveals the whereabouts of their portfolio holdings as of Q1 2023. As expected, there were significant changes in their portfolio from the previous quarter. In this blog post, we'll examine these changes to see which stocks were added, which were trimmed, and which were sold.

Introduction

F&V Capital Management is a registered investment advisory firm founded in 2018 that manages portfolios for high net worth individuals, family offices, and institutions. In this blog post, we'll take a closer look at their Q4 2022 vs. Q1 2023 13F Holdings Comparison.

Main Body

F&V Capital Management's latest 13F filing reveals that they added, trimmed, or sold stocks in their portfolio. Let's take a closer look at the winners, the losers, and what remained unchanged.

Winners

The top-performing stocks that saw an increase in F&V's portfolio were MDT, LITE, URI, and ORCL. Medtronic (MDT) saw a whopping 115.4% increase, with F&V buying an additional 85,235 shares, bringing the total to 164,390 shares. F&V also added 53,180 Lumentum Holdings Inc. (LITE) shares, representing a 63.6% increase. United Rentals Inc. (URI) saw a 16.8% increase in F&V's portfolio with the addition of 1,720 shares. Finally, F&V bought 4,510 more Oracle Corp. (ORCL) shares, representing a 17.4% increase.

Losers

On the other hand, Conagra Brands Inc. (CAG), FedEx Corp. (FDX), and Archer-Daniels-Midland Co. (ADM) were the biggest losers in F&V's portfolio. F&V cut their holdings in CAG by 1.6%, FDX by 31.2%, and ADM by a whopping 44.7%. While it's unclear why F&V cut their holdings in these stocks, it may indicate that the firm expects the stocks to underperform in the future.

Remained Unchanged

Several of F&V's holdings remained unchanged from Q4 2022 to Q1 2023. These companies include Chevron Corp. (CVX), Raytheon Technologies Corp. (RTX), and several ETFs such as Spdr S&P 500 ETF Tr (SPY), Ishares Tr (CNYA), and Ishares Inc (EWJ). Although the holdings didn't see any increase or decrease, it's possible that the firm may still have strong conviction in these stocks.

Conclusion

It's clear that F&V Capital Management made some significant portfolio changes from Q4 2022 to Q1 2023. While some stocks saw a significant increase in F&V's portfolio, others were trimmed or sold altogether. However, it's important to note that 13F filings represent the portfolio of a firm as of a specific date and may not reflect their current views or investment thesis.