Beese Fulmer Investment Management, Inc. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

In the world of investing, it's crucial for fund managers to closely monitor and analyze their holdings. Beese Fulmer Investment Management, Inc. is no exception. In this blog post, we will delve into the Q2 2023 vs. Q3 2023 13F Holdings comparison to understand the changes in the fund's investments. Let's explore which companies and sectors have experienced significant shifts in Beese Fulmer Investment Management's portfolio.

Understanding the 13F Holdings Comparison:

The 13F filing is a quarterly report that institutional investment managers with over $100 million in assets under management are required to submit to the Securities and Exchange Commission (SEC). It provides insights into the publicly-traded securities held by these managers, including stocks, options, and other assets. By analyzing these filings, we can gain valuable information about the investment decisions and strategies of these institutional investors.

In this comparison, we will focus on the changes in the number of shares held and the percentage change in value during the transition from Q2 2023 to Q3 2023.

Major Holdings Changes:

1. Apple Inc. (AAPL):

Apple Inc., a technology giant, experienced a decline in the number of shares held by Beese Fulmer Investment Management. The number of shares decreased from 338,402 in Q2 to 327,529 in Q3, representing a 14.6% decline. Similarly, the value of the holdings decreased from $65,639,000 to $56,076,000.

2. Microsoft Corp. (MSFT):

Beese Fulmer Investment Management also reduced its holdings in Microsoft Corp. The number of shares declined by 8.6%, from 133,371 in Q2 to 131,434 in Q3. The value of the holdings decreased by $3,918,000, from $45,418,000 to $41,500,000.

3. Amazon.com Inc. (AMZN):

While some holdings decreased, Beese Fulmer Investment Management significantly increased its holdings in Amazon.com Inc. The number of shares surged from 119,679 in Q2 to an impressive 159,514 in Q3, representing a 30% increase. The value of the holdings also surged from $15,601,000 to $20,277,000.

4. Novo Nordisk A/S (NVO):

Novo Nordisk A/S, a global pharmaceutical company, witnessed a substantial increase in holdings by Beese Fulmer Investment Management. The number of shares held skyrocketed from 81,457 in Q2 to an impressive 163,287 in Q3, representing a remarkable 12.6% increase. The value of holdings also rose from $13,182,000 to $14,849,000.

5. TJX Companies Inc. (TJX):

Another notable increase in holdings was observed in TJX Companies Inc., a leading off-price retailer. The number of shares held by Beese Fulmer Investment Management surged from 121,556 in Q2 to 158,739 in Q3, representing a remarkable 36.9% increase. The value of holdings also rose from $10,306,000 to $14,108,000.

Conclusion:

As we have explored, Beese Fulmer Investment Management, Inc. experienced both decreases and increases in its holdings during the transition from Q2 2023 to Q3 2023. While some well-known companies like Apple and Microsoft witnessed a decline in holdings, Amazon.com, Novo Nordisk, and TJX Companies experienced significant increases. These changes reflect the dynamic nature of investment portfolios and the constant adjustments made by institutional managers to optimize their holdings.

Please note that this analysis is based on the 13F filings and reflects the changes in holdings during this specific period. Investment strategies may vary, and it's important to consider various factors when making investment decisions.