Reliant Investment Management's Q4 2022 vs Q1 2023: Analyzing the Fund's Latest Holdings Update

Reliant Investment Management, LLC has recently released its 13F filing for Q1 2023, disclosing its holdings, which are compared with the previous quarter. This blog post will examine the changes in holdings that the fund has made between the two quarters, looking at the key stocks they've bought, sold, and held.

Introduction

Investors and financial analysts have long awaited the quarterly 13F filings from major hedge funds, including Reliant Investment Management, LLC. These filings are essential because they give investors insight into the top money managers' tactics in executing their trading strategies. They provide a glimpse into the hedge funds' buying and selling of securities, and how their portfolios are changing on a quarter-over-quarter basis.

In this blog post, we'll take a closer look at Reliant Investment Management, LLC's Q4 2022 vs. Q1 2023 13F holding comparison. We will examine the fund's significant buy and sell transactions, as well as the stocks they added and removed from their portfolio.

Main Body

Reliant Investment Management, LLC's Q4 2022 vs. Q1 2023 13F holding comparison report indicates that the fund's total value of holdings increased from $124 million to $129 million, representing a 4.03% increase. The number of shares held by the fund slightly decreased from 764,363 to 760,274.

In terms of the fund's top stock purchases in Q1 2023, we see that they bought 18,355 shares of LINDE PLC (LIN) at a value of $6,524,000. This purchase represents a significant increase in the fund's position in the company. The fund also added 13,215 fewer shares of BROADCOM INC (AVGO) and 2,090 fewer shares of THERMO FISHER SCIENTIFIC INC (TMO).

On the sell side, Reliant Investment Management LLC sold 12,145 fewer shares of SCHLUMBERGER LTD (SLB) at a value of $6,524,000. The fund also sold 3,325 fewer shares of PNC FINL SVCS GROUP INC (PNC) and 2,320 fewer shares of UNITEDHEALTH GROUP INC (UNH).

The fund fully exited four positions, which included BAKER HUGHES COMPANY (BKR), IQVIA HLDGS INC (IQV), NV5 GLOBAL INC (NVEE), and LXP INDUSTRIAL TRUST (LXP).

The fund's top three holdings in Q1 2023 were APPLE INC (AAPL), $7,432,000, BROADCOM INC (AVGO), $7,038,000, and SCHLUMBERGER LTD (SLB), $6,524,000. These top holdings make up 18.49% of the fund’s total portfolio value.

Conclusion

Reliant Investment Management, LLC's Q4 2022 vs. Q1 2023 13F holding comparison reveals that the fund has made several changes to its portfolio. The fund added to its position in LINDE PLC (LIN), while selling a significant portion of its position in SCHLUMBERGER LTD (SLB). The fund continued to be bullish on APPLE INC (AAPL), which remains the top holding in the portfolio.

Overall, the increase in the fund's total holdings value indicates that Reliant Investment Management, LLC continues to actively manage their portfolio with an emphasis on long-term investment strategies. Investors interested in following this fund's investment tactics should stay tuned for future 13F filings to gauge their latest positions.