Murphy Pohlad Asset Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Investment firms are constantly evaluating their portfolios and making changes based on market conditions and investment strategies. One of the ways that these changes are tracked is through the SEC-mandated filing known as Form 13F. This form requires institutional investment managers to disclose their holdings of publicly traded stocks at the end of each quarter.

Murphy Pohlad Asset Management LLC recently filed their 13F form for the first and second quarters of 2023, and it provides a fascinating look at their holdings and the changes they made during that time.

One of the most significant changes in Murphy Pohlad's portfolio was their reduced stake in Berkshire Hathaway Inc. In the first quarter of 2023, they held 27,010 shares, but by the second quarter, that number had decreased to 26,360. This reduction represented a 7.8% change in their holdings. Similarly, their holdings of Microsoft Corp decreased by 13.5%, from 21,876 shares to 21,017 shares.

Another notable change was Murphy Pohlad's investment in Federated Hermes Inc. Despite the overall trend of decreasing holdings for many companies in their portfolio, they actually increased their stake in Federated Hermes by 0.6%. They held 168,091 shares in the first quarter, and that number rose to 168,791 shares in the second quarter.

Conversely, there were some companies in which Murphy Pohlad significantly decreased their holdings. For example, their stake in Devon Energy Corp decreased by 5.8%, from 95,260 shares to 93,910 shares. Similarly, their holdings of General Dynamics Corp decreased by 6.9%, from 15,923 shares to 15,723 shares.

Overall, Murphy Pohlad's portfolio experienced a mix of increases and decreases during the first and second quarters of 2023. While they reduced their holdings in some companies, they also increased their stake in others. These decisions are reflective of their investment strategy and market conditions at the time.

It's important to note that while the 13F filing provides valuable information about a firm's holdings, it is not a real-time snapshot of their portfolio. Firms have up to 45 days after the end of the quarter to file their 13F, so the information may not be entirely current.

In conclusion, Murphy Pohlad Asset Management LLC made several changes to its portfolio during the first and second quarters of 2023. While some companies saw a decrease in their holdings, others experienced an increase. These decisions reflect the firm's investment strategy and the ever-changing dynamics of the market. It will be interesting to see how their portfolio continues to evolve in future 13F filings.