Investment Firm Meyer Handelman Co.'s Q4 2022 vs. Q1 2023 13F Holdings Report

Investment firms like Meyer Handelman Co. are required to file a quarterly Form 13F with the SEC. This publicly available form must outline the investment manager’s holdings of U.S. listed equity securities, options, and convertible notes. The purpose of this filing is to provide transparency to the public and allows investors to potentially gain insight into the investment strategies of these firms.

Meyer Handelman Co.'s recently released 13F holdings report reveals some interesting changes in their securities holdings between Q4 2022 and Q1 2023. In total, the firm had 60 holdings worth $1.65 billion as of March 31, 2023, compared to 61 holdings worth $1.67 billion as of December 31, 2022.

Meyer Handelman Co. reduced its holdings in several companies during the quarter, with a notable decrease of 20.9% in Pfizer. The firm sold 83,380 shares of the pharmaceutical company, reducing its position to 1.38 million shares. Another significant decrease was seen in Proctor & Gamble, with a 3.3% drop in shares held. The investment firm sold 8,800 shares of the consumer goods company, lowering its position to 584,234 shares. Chevron Corporation's position was also reduced by Meyer Handelman Co., with a decrease of 12.5% or 8,937 shares.

Conversely, the firm added to its positions in several companies. The most substantial increase in percentage terms was seen in Paramount Global, with Meyer Handelman Co. increasing its position by 31.7% or 1,499 shares. The firm's largest holding, Microsoft Corporation, showed a modest decrease of 0.8% or 5,530 shares, which represented a decrease of $24.3 million. On the other hand, the second-largest holding, Apple Inc., had a smaller decrease of 1.6% or 8,800 shares.

It is interesting to note that Meyer Handelman Co. added to its position in Qualcomm, with an increase of 17.9% or 4,965 shares. The firm also showed a preference for Alphabet Inc. and Amazon.com Inc. by increasing its holdings by 25.9% or 18,210 shares and 37% or 26,260 shares, respectively.

The quarter also saw changes to the investment firm's positions in ExxonMobil, Johnson & Johnson, and Coca-Cola, each with reductions of 5.2%, 14.4%, and 3.3%, respectively.

Meyer Handelman Co.'s changes in holdings over the past quarter indicate a varied approach to its investment strategy. The firm has shown an inclination towards adding to its positions in certain companies while decreasing stakes in others. However, it must be noted that this is just a snapshot of the firm's securities holdings and should not be solely relied upon for investment decisions.