Stumpf Capital Management LLC Q2 2020 vs. Q3 2020 13F Holdings Comparison

The world of finance is constantly changing, and in the investment world, staying up-to-date with new investments and changes in holdings is critical. In this article, we will examine the changes in holdings of Stumpf Capital Management LLC in Q2 2020 vs. Q3 2020, and explore what these changes mean for investors.

WELLS FARGO CO NEW

Stumpf Capital Management LLC reduced its holdings of WELLS FARGO CO NEW by 17.8% from 1,087,844 shares in Q2 2020 to 973,844 shares in Q3 2020. The value of the fund's investment in Wells Fargo also decreased from $27,849,000 to $22,895,000. The decline in holdings suggests a lack of confidence in the company even though the company blew out earnings estimates in the third quarter of 2020.

CHEVRON CORP NEW

The fund also reduced its holdings of CHEVRON CORP NEW, with the number of shares held reducing by 1%, representing approximately 1,000 shares. The value of the fund's investment in Chevron also decreased from $18,151,000 to $14,580,000.

AT&T INC

Stumpf Capital Management LLC significantly increased its holdings in AT&T INC by 177.8% from 103,844 shares in Q2 2020 to 305,995 shares in Q3 2020. The value of the fund's investment in AT&T also increased from $3,140,000 to $8,724,000 in the same period.

GLAXOSMITHKLINE PLC

The hedge fund's position in GLAXOSMITHKLINE PLC remained stagnant, with no change in the number of shares held. However, the value of the fund's investment in the company decreased from $1,944,000 to $1,794,000 in Q3 2020.

LUMEN TECHNOLOGIES INC

Stumpf Capital Management LLC increased its holdings in LUMEN TECHNOLOGIES INC by 1.3% from 154,650 shares in Q2 2020 to 155,650 shares in Q3 2020. There was also an increase in the value of the company's investment in Lumen from $1,551,000 to $1,571,000 in the period under review.

VODAFONE GROUP PLC NEW

The hedge fund reduced its holdings of VODAFONE GROUP PLC NEW by 15.8% from 108,500 shares in Q2 2020 to 108,500 shares in Q3 2020. The value of the fund's investment in Vodafone also decreased from $1,729,000 to $1,456,000.

ALTRIA GROUP INC

Stumpf Capital Management LLC held a steady position of 19,160 shares in ALTRIA GROUP INC. However, the value of the holdings decreased from $752,000 in Q2 2020 to $740,000 in Q3 2020.

DOW INC

The hedge fund increased its holdings in DOW INC by 15.4% from 8,750 shares in Q2 2020 to 8,750 shares in Q3 2020. Furthermore, there was an increase in the value of the fund's investment in the company from $357,000 to $412,000.

BOEING CO

Stumpf Capital Management LLC's position in BOEING CO remained the same with the same number of shares held in Q2 and Q3 2020 at 1,565 in both quarters. However, the company's investments reduced in value from $287.000 to $259,000.

EXXON MOBIL CORP

The fund increased its holdings in EXXON MOBIL CORP by 16% from 6,250 shares in Q2 2020 to 7,250 shares in Q3 2020. The value of the fund's investment in the company decreased from $279,000 in Q2 2020 to $249,000 in Q3 2020.

OTHER CHANGES

Stumpf Capital Management LLC sold off their entire holdings in Philip Morris International Inc and Amazon.com Inc. They also initiated new positions in Delta Air Lines Inc Del and Norwegian Cruise Line Hldg L, with an investment in Norwegian Cruise Line totaling $134,000.

CONCLUSION

The changes in holdings of Stumpf Capital Management LLC reflect the hedge fund's belief in market trends and perceptions of these companies' long-term fundamentals. While the fund's holdings may change, the investment strategy remains paramount to achieving long-term growth. As an investor, it is crucial to consider the fund's investment strategy before investing in any of the companies Stumpf Capital Management LLC holds.