RNC Capital Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Cisco Systems Inc: Decrease in Holdings and Value

In the first quarter of 2023, RNC Capital Management LLC held 1,422,041 shares of Cisco Systems Inc, with a value of $74,337,000. However, in the second quarter of 2023, their holdings decreased to 1,387,059 shares, with a value of $71,766,000. This represents a 3.5% decrease in both shares and value.

Broadcom Inc: Significant Decrease in Holdings and Value

RNC Capital Management LLC also experienced a significant decrease in their holdings of Broadcom Inc. In the first quarter of 2023, they held 109,113 shares, valued at $70,001,000. However, in the second quarter of 2023, their holdings dropped to 74,495 shares, with a value of $64,620,000. This represents a 7.7% decrease in shares and a 7.4% decrease in value.

JPMorgan Chase & Co: Minor Decrease in Holdings but Increase in Value

While RNC Capital Management LLC saw a minor decrease in their holdings of JPMorgan Chase & Co in the second quarter of 2023, their overall value increased. In the first quarter, they held 432,857 shares, valued at $56,406,000. In the second quarter, their holdings decreased slightly to 425,760 shares, but the value increased to $61,923,000. This represents a 0.9% decrease in shares but a 9.8% increase in value.

Bristol-Myers Squibb Co: Decrease in Holdings and Value

RNC Capital Management LLC also experienced a decrease in their holdings of Bristol-Myers Squibb Co. In the first quarter of 2023, they held 959,374 shares, with a value of $66,494,000. However, in the second quarter, their holdings decreased to 933,414 shares, with a value of $59,692,000. This represents a 2.7% decrease in shares and a 10.2% decrease in value.

Comcast Corp - Class A: Increase in Holdings and Value

On the other hand, RNC Capital Management LLC saw an increase in their holdings of Comcast Corp - Class A. In the first quarter of 2023, they held 1,337,002 shares, valued at $50,686,000. However, in the second quarter, their holdings increased to 1,361,729 shares, with a value of $56,580,000. This represents an 11.6% increase in shares and an 11.6% increase in value.

Chevron Corp: Slight Decrease in Holdings and Value

RNC Capital Management LLC experienced a slight decrease in their holdings of Chevron Corp. In the first quarter of 2023, they held 349,106 shares, with a value of $56,960,000. In the second quarter, their holdings decreased slightly to 347,109 shares, with a value of $54,618,000. This represents a 0.6% decrease in shares and a 4.1% decrease in value.

Gilead Sciences Inc: Minor Increase in Holdings but Decrease in Value

While RNC Capital Management LLC saw a minor increase in their holdings of Gilead Sciences Inc, their value decreased. In the first quarter of 2023, they held 706,979 shares, with a value of $58,658,000. In the second quarter, their holdings increased slightly to 708,494 shares, but the value decreased to $54,604,000. This represents a 0.2% increase in shares but a 6.9% decrease in value.

AbbVie Inc: Decrease in Holdings and Value

RNC Capital Management LLC also experienced a decrease in their holdings of AbbVie Inc. In the first quarter of 2023, they held 410,375 shares, with a value of $65,402,000. However, in the second quarter, their holdings decreased to 404,937 shares, with a value of $54,557,000. This represents a 1.3% decrease in shares and a 16.6% decrease in value.

United Parcel Service - Class B: Increase in Holdings but Decrease in Value

RNC Capital Management LLC saw an increase in their holdings of United Parcel Service - Class B. In the first quarter of 2023, they held 299,755 shares, valued at $58,149,000. However, in the second quarter, their holdings increased to 302,119 shares, but the value decreased to $54,155,000. This represents a 0.8% increase in shares but a 6.9% decrease in value.

International Business Machine: Slight Increase in Holdings and Value

RNC Capital Management LLC experienced a slight increase in their holdings of International Business Machine. In the first quarter of 2023, they held 393,928 shares, with a value of $51,640,000. In the second quarter, their holdings increased slightly to 398,070 shares, with a value of $53,266,000. This represents a 1.1% increase in shares and a 3.1% increase in value.

As we can see from the comparison of RNC Capital Management LLC's 13F holdings in the first quarter of 2023 and the second quarter of 2023, there have been both increases and decreases in holdings and values of various companies. It is essential to review and analyze these changes to make informed investment decisions.