Minneapolis Portfolio Management Group LLC's Q1 2023 13F: 1 new position, 2 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 9, 2023 · 29 reported positions · accession 0001437749-23-013311
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | Medtronic plc (MDT) | — | 3.5% | +3.5 pts | +330K sh | new |
| Exited | Borgwarner Inc (BWA) | 2.3% | — | −2.3 pts | −403K sh | −100% |
| Reduced | Unitedhealth Group Inc (UNH) | 5.3% | 2.9% | −2.4 pts | −22,487 sh | −32% |
| Increased | Deere & Co (DE) | 3.1% | 3.9% | +0.8 pts | +21,121 sh | +41% |
| Increased | Popular Inc (BPOP) | 3.6% | 3.7% | +0.1 pts | +110K sh | +29% |
| Reduced | Corning Inc (GLW) | 5.1% | 5.1% | 0.0 pts | −20,605 sh | −2% |
| Reduced | Simon PPTY Group Inc New (SPG) | 5.1% | 4.3% | −0.7 pts | −6,463 sh | −2% |
| Reduced | Oracle Corp (ORCL) | 5.1% | 5.2% | +0.1 pts | −7,655 sh | −2% |
| Reduced | Caterpillar Inc (CAT) | 5.1% | 4.4% | −0.7 pts | −2,424 sh | −2% |
| Reduced | Crane Hldgs Co (CXT) | 3.3% | 3.4% | +0.1 pts | −4,408 sh | −2% |
| Reduced | Orion Engineered Carbons S A (OEC) | 5.0% | 6.6% | +1.6 pts | −19,059 sh | −1% |
| Reduced | Las Vegas Sands Corp (LVS) | 2.5% | 2.7% | +0.2 pts | −8,531 sh | −2% |
| Reduced | Terex Corp New (TEX) | 3.5% | 3.6% | +0.1 pts | −10,116 sh | −2% |
| Increased | Coherent Corp (COHR) | 2.0% | 2.0% | 0.0 pts | +11,875 sh | +3% |
| Reduced | Boeing Co (BA) | 4.5% | 4.5% | 0.0 pts | −1,881 sh | −1% |
| Exited | Vanguard Index FDS (VOO) | 0.0% | — | 0.0 pts | −981 sh | −100% |
| Reduced | Parker-Hannifin Corp (PH) | 3.7% | 3.9% | +0.2 pts | −1,036 sh | −1% |
| Increased | Disney Walt Co (DIS) | 2.0% | 2.1% | +0.2 pts | +3,383 sh | +2% |
| Reduced | Sony Group Corporation (SONY) | 4.1% | 4.5% | +0.3 pts | −3,331 sh | −1% |
| Reduced | Honeywell Intl Inc (HON) | 0.1% | 0.0% | 0.0 pts | −1,000 sh | −43% |
| Reduced | Qualcomm Inc (QCOM) | 4.2% | 4.4% | +0.2 pts | −1,446 sh | −1% |
| Reduced | International Business Machs (IBM) | 4.5% | 3.8% | −0.7 pts | −1,284 sh | −1% |
| Reduced | Cisco Sys Inc (CSCO) | 3.1% | 3.1% | 0.0 pts | −3,169 sh | −1% |
| Reduced | Canadian Pac Ry Ltd (CP) | 3.8% | 3.5% | −0.2 pts | −2,117 sh | −1% |
| Reduced | Fedex Corp (FDX) | 4.5% | 5.5% | +0.9 pts | −644 sh | 0% |
| Increased | Qurate Retail Inc (QVCGA) | 1.1% | 0.6% | −0.5 pts | +140K sh | +3% |
| Reduced | Sysco Corp (SYY) | 2.5% | 2.3% | −0.2 pts | −1,580 sh | −1% |
| Increased | Baker Hughes Company (BKR) | 2.8% | 2.5% | −0.3 pts | +3,003 sh | 0% |
| Reduced | Petiq Inc (PETQ) | 0.7% | 0.8% | +0.1 pts | −6,279 sh | −1% |
| Reduced | General Mtrs Co (GM) | 4.4% | 4.4% | 0.0 pts | −1,097 sh | 0% |
| Increased | Exxon Mobil Corp (XOM) | 3.0% | 2.8% | −0.3 pts | +65 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 48.9% of the equity book
Changes in the top 10 this quarter: SONY entered · QCOM entered · UNH left · IBM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Orion Engineered Carbons S A (OEC) | 5.0% | 6.6% | |
| 2 | Fedex Corp (FDX) | 4.5% | 5.5% | |
| 3 | Oracle Corp (ORCL) | 5.1% | 5.2% | |
| 4 | Corning Inc (GLW) | 5.1% | 5.1% | |
| 5 | Boeing Co (BA) | 4.5% | 4.5% | |
| 6 | Sony Group Corporation (SONY) | 4.1% | 4.5% | Entered the top 10 |
| 7 | Qualcomm Inc (QCOM) | 4.2% | 4.4% | Entered the top 10 |
| 8 | General Mtrs Co (GM) | 4.4% | 4.4% | |
| 9 | Caterpillar Inc (CAT) | 5.1% | 4.4% | |
| 10 | Simon PPTY Group Inc New (SPG) | 5.1% | 4.3% | |
| — | Unitedhealth Group Inc (UNH) | 5.3% | 2.9% | Left the top 10 |
| — | International Business Machs (IBM) | 4.5% | 3.8% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).