Capital Investment Counsel, Inc Q4 2022 vs. Q1 2023 13F Holdings Comparison

Investment management companies are required to file quarterly reports with the Securities and Exchange Commission (SEC), known as Form 13F. These reports exhibit the holdings of the portfolio of professional investors. For investors, these reports are essential since it provides insight into the holding structures of investment managers. In this blog post, we will analyze the Q4 2022 vs. Q1 2023 13F holdings comparison of Capital Investment Counsel, Inc., a Georgia-based investment management firm.

Capital Investment Counsel, Inc is a registered investment adviser that manages around $874.4 million in total assets. According to the latest SEC Form 13F filing, the firm increased its total market value of holdings from $228.03 million to $248.87 million, representing a change of 9.12% over the quarter. Capital Investment Counsel, Inc made significant changes to its investment portfolio in the first quarter of 2023. In this report, we will take a closer look at how the firm altered its holdings during this period.

Apple Inc (AAPL)

Capital Investment Counsel, Inc decreased its position in Apple Inc by 16.5%. The firm held 602,384 shares, worth $78.27 million, in Q4 2022. However, the number of shares decreased to 503,357, valued at $83.03 million in Q1 2023.

Costco Wholesale Corp New (COST)

Capital Investment Counsel, Inc reduced its stake in Costco Wholesale Corp New by 7.84%. The firm held 71,715 shares, worth $32.74 million, in Q4 2022. However, the number of shares decreased to 66,094, valued at $32.84 million in Q1 2023.

NVIDIA Corporation (NVDA)

Capital Investment Counsel, Inc added to its Nvidia Corporation investment by 84, raising the total number of shares to 65,908. The market value of the investment grew by 84.22%, from $96.31 million to $177.18 million.

WalMart Inc (WMT)

Capital Investment Counsel, Inc reduced its position in WalMart Inc by 7.23%. The firm held 122,054 shares, worth $17.31 million, in Q4 2022. However, the number of shares decreased to 113,193, valued at $16.69 million in Q1 2023.

Microsoft Corp (MSFT)

Capital Investment Counsel, Inc reduced its position in Microsoft Corp by 2.26%. The firm held 52,957 shares, worth $12.7 million, in Q4 2022. However, the number of shares decreased to 51,757, valued at $14.92 million in Q1 2023.

Cisco Sys Inc (CSCO)

Capital Investment Counsel, Inc reduced its stake in Cisco Systems Inc by 3.57%. The firm held 248,473 shares, worth $11.84 million, in Q4 2022. However, the number of shares decreased to 239,596, valued at $12.52 million in Q1 2023.

Amazon Com Inc (AMZN)

Capital Investment Counsel, Inc reduced its position in Amazon Com Inc by 14.78%. The firm held 120,639 shares, worth $101.33 million, in Q4 2022. However, the number of shares decreased to 102,859, valued at $106.24 million in Q1 2023.

FedEx Corp (FDX)

Capital Investment Counsel, Inc added to its FedEx Corp investment by 9.32%, raising the total number of shares to 43,996. The market value of the investment grew by 23.19%, from $7.62 million to $9.39 million.

Exxon Mobil Corp (XOM)

Capital Investment Counsel, Inc reduced its position in Exxon Mobil Corp by 2.18%. The firm held 82,192 shares, worth $9.06 million, in Q4 2022. However, the number of shares decreased to 80,410, valued at $8.82 million in Q1 2023.

Alphabet Inc (GOOG)

Capital Investment Counsel, Inc reduced its position in Alphabet Inc by 7.95%. The firm held 90,963 shares, worth $8.07 million, in Q4 2022. However, the number of shares decreased to 83,753, valued at $8.71 million in Q1 2023.

As we can see from the above analysis, Capital Investment Counsel, Inc has made some significant changes in its investment portfolio between Q4 of 2022 and Q1 of 2023. Even though the firm has reduced its stance in some of the holdings, it has added to or retained some other positions. Investors can use Form 13F filings to track and analyze the portfolio holdings of institutional investors like Capital Investment Counsel, Inc.

In conclusion, the insights that can be gained from Form 13F filings are essential for investors. It is yet to be seen whether Capital Investment Counsel, Inc will continue to alter its investment portfolio or if it will maintain its current holdings. Nevertheless, keep an eye out for the next round of filings in the coming months to spot other significant portfolio changes.