Foundation Resource Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

The Foundation Resource Management Inc has recently released its 13F filings for the first quarter of 2023, and there are some interesting changes in their holdings compared to the previous quarter. Let's take a closer look at the data and analyze the implications of these changes.

1. EXXON MOBIL (XOM)

- In Q1 2023, Foundation Resource Management Inc held 438,942 shares of Exxon Mobil, but in Q2 2023, the number increased slightly to 441,568 shares.

- The value of their holdings decreased by 1.6%, from $48,134,000 to $47,358,000.

2. TECK RESOURCES LTD CL B (TECK-B.TO)

- The holdings of Teck Resources remained fairly stable between the two quarters. They held 1,070,168 shares in Q1 2023 and 1,070,383 shares in Q2 2023.

- However, the value of their holdings increased significantly by 15.4%, from $39,061,000 to $45,063,000.

3. CHEVRON (CVX)

- Foundation Resource Management Inc had 234,794 shares of Chevron in Q1 2023, and the number rose to 237,724 shares in Q2 2023.

- The value of their holdings decreased by 2.4%, from $38,309,000 to $37,406,000.

4. BERKSHIRE HATHAWAY CL B (BRK-B)

- Holdings in Berkshire Hathaway also saw a slight increase. In Q1 2023, they held 102,582 shares, and in Q2 2023, the number grew to 103,558 shares.

- The value of their holdings increased by 11.5%, from $31,674,000 to $35,313,000.

5. CONOCOPHILLIPS (COP)

- Foundation Resource Management Inc held 307,990 shares of ConocoPhillips in Q1 2023 and 309,724 shares in Q2 2023.

- The value of their holdings increased by 5%, from $30,556,000 to $32,091,000.

6. NEWMONT GOLDCORP (NEM)

- The holdings of Newmont Goldcorp saw an increase from 653,571 shares in Q1 2023 to 666,893 shares in Q2 2023.

- However, there was a decrease in the value of their holdings by 11.2%, from $32,038,000 to $28,450,000.

7. CAMECO CORP (CCO.TO)

- The number of shares held by Foundation Resource Management Inc in Cameco Corp remained stable between the two quarters at 861,491 shares and 861,087 shares.

- However, the value of their holdings increased by 19.7%, from $22,545,000 to $26,978,000.

8. MERCK AND CO. INC. (MRK)

- Foundation Resource Management Inc held 204,123 shares of Merck in Q1 2023, and the number slightly decreased to 203,468 shares in Q2 2023.

- The value of their holdings increased by 8.1%, from $21,717,000 to $23,478,000.

9. MOSAIC (MOS)

- The holdings of Mosaic saw a significant decrease. They held 623,901 shares in Q1 2023, but in Q2 2023, the number dropped to 628,092 shares.

- The value of their holdings decreased by 23.2%, from $28,625,000 to $21,983,000.

10. INTEL CORP. (INTC)

- Foundation Resource Management Inc had 524,629 shares of Intel Corp. in Q1 2023 and 538,675 shares in Q2 2023.

- The value of their holdings increased by 5.1%, from $17,140,000 to $18,013,000.

These are just a few examples of the changes in Foundation Resource Management Inc's holdings between Q1 2023 and Q2 2023. The data provides insights into their investment strategies and the shifting landscape of the market. It is important to note that these numbers can fluctuate as market conditions change and new investment opportunities arise.

The information provided here is for informational purposes only and should not be interpreted as financial advice. As always, it is recommended to consult with a qualified financial advisor before making any investment decisions.