Folger Nolan Fleming Douglas Capital Management Q1 2023: An In-Depth Look into Their 13F Holdings

The first quarter of 2023 has been an exciting one in terms of stock market activity. With the rise of new technologies and the ongoing recovery from the pandemic, investors are looking for opportunities to invest wisely and maximize profits. For this reason, 13F filings are closely watched by investors and analysts alike.

In this article, we will focus on Folger Nolan Fleming Douglas Capital Management's 13F holdings for Q1 2023. We will provide a comprehensive analysis of their holdings, highlighting the stocks that experienced the most significant changes and the reasons behind those shifts.

Folger Nolan Fleming Douglas Capital Management is a well-known institutional investor managing portfolios on behalf of individuals and companies. By the end of Q1 2023, their portfolio had a total value of $710,900,000.

Let's dive into the data and see what has changed in their portfolio over the past few months.

Top Gainers in the Portfolio

The first stock that caught our attention was NVIDIA Corp (NVDA). Its share count remained the same at 7612 shares, but the value per share rose by a whopping 90.1% to $2114. This increase is most likely due to the company's strong financial performance and bullish market sentiment towards technology stocks.

Amazon.com Inc (AMZN) is another stock that saw significant gains. Its share count increased slightly to 105,546, and the value per share rose by 22.0% to $10902. Amazon's positive performance in their retail and cloud computing divisions may have contributed to the increase.

Microsoft Corporation (MSFT) is also among the top gainers, with a 17.2% increase in value per share. The share count decreased slightly to 112,855. The company's robust Q1 2023 earnings report is most likely the reason behind the positive market sentiment.

Top Losers in the Portfolio

The only stock that saw a significant decline in Folger Nolan Fleming Douglas Capital Management's portfolio was 3M Co. (MMM). Its share count decreased to 16,131, and its value per share declined by 21.7% to $1695. The company's poor Q1 2023 earnings report could be the reason behind the decrease, along with concerns about supply chain disruptions.

Other stocks that experienced a decline in value per share include Pfizer Incorporated (PFE), International Flavors & Fragrances (IFF), and Procter & Gamble Company (PG). These declines were, however, only marginal (between 1% and 14%).

Steady Performers

Many stocks in the portfolio remained relatively unchanged. Vanguard Information Technology ETF (VGT) saw only a minor decline of 1.1% in value per share, while Du Pont (E.I.) De Nemours & Co (DD) remained stable, with virtually no changes in both share count and value per share. The Coca-Cola Company (KO) and Home Depot, Inc. (HD) also remained steady, with value per share increasing by 2.5% and decreasing by 6.6%, respectively.

Conclusion

Overall, Folger Nolan Fleming Douglas Capital Management's Q1 2023 13F filings had some exciting changes. Their investments in tech companies such as NVIDIA, Amazon, and Microsoft paid off handsomely, while 3M underperformed compared to other stocks in their portfolio. However, the portfolio remains well-diversified, with many stocks showing steady growth.

Investors can use these insights to make informed investment decisions, bearing in mind that past performance does not guarantee future results. It's always essential to conduct thorough research before investing in any stock.