PWMCO, LLC Q4 2019 vs. Q1 2020: A Closer Look at the Top 30 Holdings and Changes Made

Investors, especially institutional ones, are required to file a Form 13F with the US Securities and Exchange Commission (SEC) every quarter. The form includes the list of securities held, their value, and the number of shares held. These filings are publicly available, and investors use this data to get a glimpse of the trading activity of the largest investors.

In this blog post, we will take a closer look at the Form 13F filed by PWMCO, LLC for Q4 2019 and Q1 2020. Specifically, we will focus on the top 30 holdings and the changes made between the two quarters.

The Top 30 Holdings

Below are the top 10 holdings of PWMCO, LLC as of Q1 2020, followed by their value and the percentage of the total portfolio they represent:

1. Berkshire Hathaway, Inc. - Class B: $32.6 million (22.22%)

2. Laboratory Corporation of America Hldgs: $30.3 million (20.60%)

3. Lamar Advertising Co.: $20.03 million (13.63%)

4. Equit Lifestyle Properties Inc.: $19.5 million (13.29%)

5. Sun Communities: $15.3 million (10.41%)

6. Johnson & Johnson: $13.2 million (8.98%)

7. Casey's General Stores, Inc.: $12.7 million (8.64%)

8. Apple Inc.: $12.5 million (8.51%)

9. First Horizon Natl: $12.2 million (8.31%)

10. Kansas City Southern: $11.8 million (8.03%)

Changes Made

Of the top 30 holdings of PWMCO, LLC, 12 saw an increase in the number of shares held, while 15 saw a decrease. Three holdings remained unchanged.

One of the most significant increases was made in the holdings of Citizens Financial Group, where the number of shares held increased by 242%. The value also increased by 12.5%.

On the other hand, the holdings in Occidental Petroleum Corp. saw the biggest decrease, with the number of shares held dropped by 80%. The value of the holdings also decreased by 93.2%.

Other notable decreases were observed in Schlumberger Ltd., Potlatch Corp., and Cedar Fair - L.P.

Conclusion

It's important to note that Form 13F filings are not always an accurate representation of an investor's holdings. For instance, the form exempts certain securities, such as foreign securities and short-term debt securities.

However, these filings are still useful tools for investors looking to track the changes made by institutional investors. Many investors use these filings to form investment strategies, and with the right analysis, they can be an essential tool for making informed investment decisions.