Wendell David Associates Inc Q4 2022 vs. Q1 2023: What Changed in Their Fund Holdings?

Wendell David Associates Inc recently filed their 13F form for Q4 2022 and Q1 2023, and there are some notable changes in their fund holdings during this period. As of Q1 2023, the total value of their investment portfolio is $1.25 billion, which is a slight decrease from the $1.27 billion reported in the previous quarter. In this article, we will analyze the changes in their fund holdings and determine which stocks were bought and sold.

Top Stocks Bought by Wendell David Associates Inc

- Analog Devices (ADI): One of the top stocks purchased by Wendell David Associates Inc in Q1 2023 was Analog Devices. The company’s shares increased by a staggering 67.6%, and the fund acquired 8,920 additional shares bringing their total holdings to 28,013.

- Sherwin-Williams (SHW): In Q1 2023, the fund increased their position in Sherwin-Williams by 1.2%, acquiring an additional 995 shares and bringing their total holdings to 24,775.

- Ecolab (ECL): Ecolab is another top stock purchased by the Wendell David Associates Inc fund in Q1 2023. The fund acquired 2,240 additional shares bringing their total holdings to 71,614, an increase of 9.8% from the previous quarter.

Top Stocks Sold by Wendell David Associates Inc

- McCormick (MKC): McCormick was one of the top stocks sold by Wendell David Associates Inc in Q1 2023. The fund sold 36,080 shares, decreasing their holdings by 18% and bringing their total holdings to 164,151.

- Dollar General (DG): In Q1 2023, Wendell David Associates Inc sold 405 shares of Dollar General, which is a 1.6% decrease from the previous quarter. Their total holdings are now 23,972 shares.

- Procter & Gamble (PG): Procter & Gamble was another top stock sold by Wendell David Associates Inc in Q1 2023. The fund sold 1,228 shares, decreasing their holdings by 1.3% and bringing their total holdings to 93,334.

Stocks with No Change in Holdings

- Merck (MRK): Wendell David Associates Inc maintained their position in Merck with no change in holdings from the previous quarter. Their total holdings remain at 50,639 shares.

- American Tower REIT (AMT): The fund maintained their position in American Tower REIT with no change in holdings from the previous quarter. Their total holdings remain at 46,345 shares.

- Home Depot (HD): Wendell David Associates Inc maintained their position in Home Depot with no change in holdings from the previous quarter. Their total holdings remain at 28,743 shares.

Conclusion

In summary, Wendell David Associates Inc made significant changes to their fund holdings during Q4 2022 and Q1 2023 period. They increased holdings in Analog Devices, Sherwin-Williams, and Ecolab, while reducing their holdings in McCormick, Dollar General, and Procter & Gamble. They also maintained their positions in Merck, American Tower REIT, and Home Depot. It’s worth noting that these changes might not necessarily represent a complete picture of their portfolio, but they do provide some valuable insights into the significant changes in their fund holdings.