Hendley & Co Inc Q4 2022 vs. Q1 2023: Changes in Holdings Comparison

The fourth quarter of 2022 and the first quarter of 2023 witnessed several changes in Hendley & Co Inc's holdings. The investment management firm recently filed its 13F form with the Securities and Exchange Commission (SEC) detailing its portfolio's changes during the period.

In this article, we will explore the changes made by Hendley & Co Inc in its holdings and analyze the potential reasons behind those moves.

Berkshire Hathaway - CL B Holds Steady

Berkshire Hathaway - CL B retained its position as the top holding of Hendley & Co Inc during both periods. The company's holdings in the multinational conglomerate decreased slightly from 61,395 shares in Q4 2022 to 61,184 in Q1 2023. However, the value of the shares remained almost the same, decreasing only by 0.4%.

Apple, Inc.: The Biggest Mover

The biggest mover in Hendley & Co Inc's portfolio was Apple, Inc., with the investment firm significantly reducing its holdings from 106,823 shares in Q4 2022 to 99,848 in Q1 2023. On the other hand, the value of the shares increased by 18.6%. It will be interesting to see how the investment firm's move plays out in the coming quarters, considering Apple's recent positive financial performance.

Microsoft Corp and Visa Inc.: Top Performers

Two of the top performers in Hendley & Co Inc's portfolio during both periods were Microsoft Corp and Visa Inc. While the investment firm slightly decreased its holdings in both during Q1 2023, they still recorded positive returns. Microsoft Corp's shares increased by 11.3% in value, while Visa Inc. grew by 4.1%.

Abbott Laboratories and Johnson & Johnson: The Losers

Hendley & Co Inc's holdings in Abbott Laboratories and Johnson & Johnson were the losers during the period under review. The investment firm slightly reduced its holdings in Abbott Laboratories, but the value of the shares decreased by 8.1%. In contrast, the company saw its holdings in Johnson & Johnson decrease slightly, while the shares' value plummeted by 12.9%.

Other Companies

Other companies that Hendley & Co Inc increased its holdings in included Applied Materials, which grew by 22.8% in value, and Zoetis Inc, which grew by 6% in value. Conversely, the investment firm decreased its holdings in hasbro, Inc. by 66.5%, whereas Phillips 66 dropped by 23.2% in value.

Conclusion

As evident from the above analysis, Hendley & Co Inc's portfolio saw some significant changes during the fourth quarter of 2022 and the first quarter of 2023. While some changes may indicate a shift in the investment firm's investment strategy, others may represent a repositioning of its assets due to macroeconomic factors. Ultimately, however, only time will tell if Hendley & Co Inc's investment portfolio management approach will pay off.