Comparing Q2 and Q3 2022: Bowling Portfolio Management's 13F Holdings Shift

The world of investing is complex and constantly evolving, and staying on top of it all can be challenging. As an investor, it's important to keep track of changes in holdings and assess the impact of those changes on your portfolio. One investment firm that's been under scrutiny lately is Bowling Portfolio Management LLC, which recently disclosed its Q2 and Q3 13F holdings. In this blog post, we'll dive into the specifics and highlight the key takeaways.

Introduction:

Before we dive into Bowling Portfolio Management's ($BPMLLC) Q2 and Q3 13F holdings, let's briefly discuss what a 13F is. The Securities and Exchange Commission (SEC) mandates that all institutional investment managers with over $100 million in assets must file a Form 13F on a quarterly basis. This form requires investment managers to list their equity holdings, including stocks, options, convertible bonds, and warrants. This report provides investors an idea of what the "smart money" is investing in and can be a useful tool in decision-making.

Bowling Portfolio Management LLC Q2 2022 vs. Q3 2022 13F Holdings Comparison:

BPMLLC disclosed a total of 57 holdings in its Q2 and Q3 13F filings. The total value of BPMLLC's Q2 holdings was $192,384,000, and the Q3 holdings' value was $171,881,000. Overall, this represented a decline of 10.7%. In terms of shares held, BPMLLC's Q2 and Q3 13F holdings represented a decline of 1.8%, equating to a total of 836,926 shares. The following notable changes were observed in BPMLLC's portfolio:

Top Increases:

1. PACCAR Inc (PCAR): This industrial company's shares were up by 81%, with BPMLLC adding 17,164 shares during Q3.

2. Amgen Inc (AMGN): BPMLLC added 4,247 shares, an increase of 40.6%, during Q3.

3. Everest Re Group Ltd (RE): The company's shares were up by 35.1%, with BPMLLC adding 2,572 shares during Q3.

4. Cadence Design Systems Inc (CDNS): BPMLLC added 452 shares, an increase of 2.5% during Q3.

Top Decreases:

1. AbbVie Inc (ABBV): BPMLLC reduced its holdings in this stock by 11,066 shares, which translated to a decrease of 41.6% during Q3.

2. Apple Inc (AAPL): There was a reduction of 12,702 shares, equating to a decline of 5.7% during Q3 in this tech giant's shares.

3. Microsoft Corp (MSFT): BPMLLC reduced its Microsoft holdings by 8,993 shares, which represented a decline of 9.2% during Q3.

4. JPMorgan Chase & Co (JPM): There was a reduction of 7,584 shares, or 18.3%, in this banking giant's shares during Q3 by BPMLLC.

Conclusion:

In conclusion, BPMLLC's Q2 and Q3 13F filings indicate that the company has made some substantial changes to its holdings. While some stocks and sectors have been added to the portfolio, others have been reduced, indicating a shift in investment strategy. It's worth noting that past performance is not indicative of future results, and it's essential to assess each investment on its own merit before committing capital. If you're invested in any of these stocks or considering investing, it's essential to review current news, economic conditions, and valuation metrics before making any investment decisions.