Managers / Q1 2023 · view latest →
F&V Capital Management, LLC
CIK 0001569453 · 2300 GLADES ROAD, SUITE 220W, BOCA RATON, FL, 33431 · 561-208-1081
Summary
F&V Capital Management, LLC reported $301M in U.S.-listed holdings across 53 positions for Q1 2023.
Its largest position, CVX, represents 6.5% of the portfolio.
Compared with Q4 2022, the fund opened 0 new positions and exited 4.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 95.1% · $287M
- ETP · 3.8% · $12M
- MLP · 1.1% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MDTMEDTRONIC INC | ADDED | +85.2K | 164.4K | +$7M | $13M |
| CLFCLEVELAND-CLIFFS INC NEW | SOLD OUT | −355.8K | 0 | −$6M | $0 |
| JNJJOHNSON & JOHNSON | SOLD OUT | −2.5K | 0 | −$443,000 | $0 |
| CRESTWOOD EQUITY PARTNERS LP | SOLD OUT | −10.4K | 0 | −$272,000 | $0 |
| KNOT OFFSHORE PARTNERS LP | SOLD OUT | −14.0K | 0 | −$135,000 | $0 |
| GOOGLALPHABET INC | TRIMMED | −77.9K | 6.9K | −$7M | $718,000 |
| LITELUMENTUM HLDGS INC | ADDED | +53.2K | 144.8K | +$3M | $8M |
| DESWISDOMTREE TR | ADDED | +11.4K | 35.4K | +$330,000 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CVXCHEVRON CORP NEWhistory → | COM | 6.47% | $20M | 119.6K |
| 2 | URIUNITED RENTALS INChistory → | COM | 4.85% | $15M | 36.9K |
| 3 | RTXRAYTHEON TECHNOLOGIES CORPhistory → | COM | 4.66% | $14M | 143.3K |
| 4 | ORCLORACLE CORPhistory → | COM | 4.45% | $13M | 144.2K |
| 5 | FDXFEDEX CORPhistory → | COM | 4.43% | $13M | 58.4K |
| 6 | PSXPHILLIPS 66history → | COM | 4.40% | $13M | 130.8K |
| 7 | MDTMEDTRONIC INChistory → | SHS | 4.40% | $13M | 164.4K |
| 8 | MARATHON OIL CORP | COM | 4.37% | $13M | 549.4K |
| 9 | CAGCONAGRA BRANDS INChistory → | COM | 4.20% | $13M | 336.6K |
| 10 | GILDGILEAD SCIENCES INChistory → | COM | 3.79% | $11M | 137.8K |
| 11 | MLIMUELLER INDS INChistory → | COM | 3.64% | $11M | 149.2K |
| 12 | BMYBRISTOL-MYERS SQUIBB COhistory → | COM | 3.61% | $11M | 157.1K |
| 13 | CVSCVS HEALTH CORPhistory → | COM | 3.39% | $10M | 137.6K |
| 14 | NEMNEWMONT CORPhistory → | COM | 3.38% | $10M | 207.5K |
| 15 | CSCOCISCO SYS INChistory → | COM | 3.06% | $9M | 176.3K |
| 16 | QRVOQORVO INChistory → | COM | 2.99% | $9M | 88.8K |
| 17 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 2.99% | $9M | 113.1K |
| 18 | ALLALLSTATE CORPhistory → | COM | 2.96% | $9M | 80.5K |
| 19 | HPQHP INChistory → | COM | 2.84% | $9M | 292.0K |
| 20 | FOXFOX CORPhistory → | CL B COM | 2.82% | $9M | 271.8K |
| 21 | VZVERIZON COMMUNICATIONS INChistory → | COM | 2.60% | $8M | 201.8K |
| 22 | LITELUMENTUM HLDGS INChistory → | COM | 2.60% | $8M | 144.8K |
| 23 | AMATAPPLIED MATLS INChistory → | COM | 2.29% | $7M | 56.1K |
| 24 | EBAYEBAY INChistory → | COM | 2.23% | $7M | 151.4K |
| 25 | VMIVALMONT INDS INChistory → | COM | 2.01% | $6M | 19.0K |
| 26 | BKRBAKER HUGHES COMPANYhistory → | CL A | 1.84% | $6M | 192.2K |
| 27 | PYPLPAYPAL HLDGS INChistory → | COM | 1.63% | $5M | 64.6K |
| 28 | AEPAMERICAN ELEC PWR INChistory → | COM | 1.62% | $5M | 53.8K |
| 29 | IDEVISHARES TR | CORE MSCI INTL · CORE S&P500 ETF · MSCI CHINA A · MSCI GERMNY ETF · CORE S&P SCP ETF | 1.20% | $4M | 51.0K |
| 30 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.95% | $3M | 7.0K |
| 31 | VGKVANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF · FTSE EMR MKT ETF | 0.70% | $2M | 39.9K |
| 32 | EPDENTERPRISE PRODS PARTNERS L | COM | 0.46% | $1M | 54.0K |
| 33 | EWGISHARES INC | MSCI GERMANY ETF · MSCI JPN ETF NEW | 0.35% | $1M | 30.3K |
| 34 | DESWISDOMTREE TR | US SMALLCAP DIVD | 0.34% | $1M | 35.4K |
| 35 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.30% | $892,000 | 2.8K |
| 36 | GOOGLALPHABET INC | CAP STK CL A | 0.24% | $718,000 | 6.9K |
| 37 | ETENERGY TRANSFER L P | COM UT LTD PTN | 0.21% | $618,000 | 49.5K |
| 38 | SPHSUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 0.11% | $338,000 | 22.1K |
| 39 | AAPLAPPLE INC | COM | 0.10% | $309,000 | 1.9K |
| 40 | SUNSUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 0.09% | $263,000 | 6.0K |
| 41 | AMZNAMAZON COM INC | COM | 0.08% | $240,000 | 2.3K |
| 42 | BSMBLACK STONE MINERALS L P | COM UNIT | 0.08% | $235,000 | 15.0K |
| 43 | HESMHESS MIDSTREAM LP | CL A SHS | 0.08% | $232,000 | 8.0K |
| 44 | NUSTAR ENERGY LP | UNIT COM | 0.08% | $228,000 | 14.6K |
| 45 | QCOMQUALCOMM INC | COM | 0.07% | $219,000 | 1.7K |
| 46 | PAAPLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 0.06% | $175,000 | 14.0K |
| 47 | GIHGOLD RESOURCE CORP | COM | 0.01% | $21,000 | 20.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $473M | 59 | Apr 27, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $470M | 60 | Mar 26, 2026 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2025 | $445M | 54 | Oct 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $391M | 54 | Jul 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $385M | 55 | Apr 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $380M | 56 | Jan 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $389M | 53 | Oct 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $343M | 52 | Jul 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $339M | 56 | Apr 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $312M | 55 | Jan 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $292M | 51 | Oct 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $310M | 51 | Jul 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $301M | 53 | Apr 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $300M | 57 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $259M | 54 | Oct 24, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $281M | 51 | Jul 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $330M | 63 | Apr 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $298M | 61 | Jan 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $250M | 53 | Oct 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $272M | 57 | Jul 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $268M | 61 | Apr 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $232M | 59 | Jan 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $206M | 64 | Oct 9, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $197M | 63 | Jul 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $157M | 64 | Apr 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $184M | 61 | Jan 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $161M | 60 | Oct 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $168M | 55 | Jul 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $175M | 57 | Apr 8, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.