Oak Asset Management, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

When it comes to investment management, tracking the changes in fund holdings is crucial. Oak Asset Management, LLC recently released its 13F holdings for the second and third quarters of 2023. These holdings provide valuable insights into the investments made by the firm during this period. In this blog post, we will explore the key changes in Oak Asset Management's portfolio and analyze the implications of these changes.

Key Takeaways:

1. Apple Inc. (AAPL):

In the second and third quarters of 2023, Oak Asset Management slightly reduced its holdings of Apple Inc. Despite the decrease in shares, the value of the holdings remained steady. This suggests that Oak Asset Management has confidence in the long-term prospects of Apple Inc.

2. Amgen Inc. (AMGN):

Oak Asset Management maintained a stable position in Amgen Inc. during the two quarters. However, there was a slight increase in the number of shares held. This indicates that Oak Asset Management sees potential growth opportunities in the biotechnology sector and believes in Amgen's future performance.

3. Chevron Corp. (CVX):

During the second and third quarters of 2023, Oak Asset Management increased its holding of Chevron Corp. The increased investment in Chevron reflects the firm's positive outlook on the energy sector and demonstrates its confidence in Chevron's ability to generate returns.

4. Qualcomm Inc. (QCOM):

Oak Asset Management experienced a small decrease in its holdings of Qualcomm Inc. However, the company's decision to maintain a significant position in Qualcomm indicates that it continues to have faith in the company's long-term growth potential.

5. AbbVie Inc. (ABBV):

Oak Asset Management witnessed a significant decrease in its holdings of AbbVie Inc. during the two quarters. This reduction might be due to various reasons, including a reassessment of investment strategies or reallocation of funds. However, it's important to note that the firm still holds a notable position in AbbVie.

6. Other Key Holdings:

In addition to the aforementioned companies, Oak Asset Management also made notable changes in its holdings of several other companies. Each decision was likely driven by a combination of market conditions and the firm's investment strategy. Notable changes include:

- Decreased holdings in RTX Corporation, CVS Health Corp, and Fastenal Co.

- Slight increase in holdings of FedEx Corp, Stryker Corporation, and Intel Corp.

- Decreased holdings in Lowes Cos Inc, Oracle Corp, and Johnson & Johnson.

Conclusion:

Oak Asset Management's Q2 2023 vs. Q3 2023 13F holdings indicate the firm's strategic decision-making regarding its investment portfolio. By analyzing the changes in holdings, investors can gain insights into Oak Asset Management's investment strategy and its outlook on various sectors. While individual decisions may vary, these holdings serve as valuable information for investors looking to make informed investment decisions.

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