Managers / Q4 2023 · view latest →
F&V Capital Management, LLC
CIK 0001569453 · 2300 GLADES ROAD, SUITE 220W, BOCA RATON, FL, 33431 · 561-208-1081
Reported Value
$312M
Q4 2023
Positions
55
Filings on Record
30
2019–present window
Filed
Jan 17, 2024
original filing
Summary
F&V Capital Management, LLC reported $312M in U.S.-listed holdings across 55 positions for Q4 2023.
Its largest position, URI, represents 6.6% of the portfolio.
Compared with Q3 2023, the fund opened 5 new positions and exited 1.
Portfolio Metrics
Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+47.1%
share of reported value
Largest Position
+6.6%
United Rentals
New / Exited
5 / 1
positions this quarter
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
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 95.0% · $296M
- ETP · 3.7% · $11M
- MLP · 1.3% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| QCOMQUALCOMM INC | NEW | +1.7K | 1.7K | +$239,000 | $239,000 |
| MPLXMPLX LP | NEW | +5.8K | 5.8K | +$215,000 | $215,000 |
| SLBSCHLUMBERGER LTD | NEW | +4.0K | 4.0K | +$208,000 | $208,000 |
| AVYAVERY DENNISON CORP | NEW | +1.0K | 1.0K | +$202,000 | $202,000 |
| EMXCISHARES INC | NEW | +3.6K | 3.6K | +$201,000 | $201,000 |
| MLIMUELLER INDS INC | ADDED | +82.4K | 164.9K | +$2M | $8M |
| ISHARES TR | SOLD OUT | −8.5K | 0 | −$474,000 | $0 |
| GIHGOLD RESOURCE CORP | TRIMMED | −7.0K | 13.0K | −$4,000 | $5,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
49 positions (from 55 filing rows — )
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | URIUNITED RENTALS INChistory → | COM | 6.57% | $20M | 35.7K |
| 2 | CVXCHEVRON CORP NEWhistory → | COM | 5.60% | $17M | 117.0K |
| 3 | PSXPHILLIPS 66history → | COM | 5.43% | $17M | 127.1K |
| 4 | ORCLORACLE CORPhistory → | COM | 5.00% | $16M | 147.9K |
| 5 | FDXFEDEX CORPhistory → | COM | 4.77% | $15M | 58.7K |
| 6 | MDTMEDTRONIC INChistory → | SHS | 4.36% | $14M | 165.1K |
| 7 | MARATHON OIL CORP | COM | 4.24% | $13M | 547.0K |
| 8 | RTXRAYTHEON TECHNOLOGIES CORPhistory → | COM | 3.87% | $12M | 143.4K |
| 9 | ALLALLSTATE CORPhistory → | COM | 3.63% | $11M | 80.9K |
| 10 | GILDGILEAD SCIENCES INChistory → | COM | 3.62% | $11M | 139.2K |
| 11 | CVSCVS HEALTH CORPhistory → | COM | 3.34% | $10M | 131.9K |
| 12 | AEPAMERICAN ELEC PWR INChistory → | COM | 3.20% | $10M | 122.7K |
| 13 | QRVOQORVO INChistory → | COM | 3.06% | $10M | 84.8K |
| 14 | CAGCONAGRA BRANDS INChistory → | COM | 3.06% | $10M | 332.8K |
| 15 | HPQHP INChistory → | COM | 2.97% | $9M | 307.1K |
| 16 | CSCOCISCO SYS INChistory → | COM | 2.90% | $9M | 179.1K |
| 17 | AMATAPPLIED MATLS INChistory → | COM | 2.88% | $9M | 55.5K |
| 18 | NEMNEWMONT CORPhistory → | COM | 2.72% | $8M | 204.8K |
| 19 | VZVERIZON COMMUNICATIONS INChistory → | COM | 2.62% | $8M | 216.8K |
| 20 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 2.59% | $8M | 111.8K |
| 21 | PYPLPAYPAL HLDGS INChistory → | COM | 2.55% | $8M | 129.2K |
| 22 | BMYBRISTOL-MYERS SQUIBB COhistory → | COM | 2.53% | $8M | 153.8K |
| 23 | MLIMUELLER INDS INChistory → | COM | 2.50% | $8M | 164.9K |
| 24 | FOXFOX CORPhistory → | CL B COM | 2.39% | $7M | 268.8K |
| 25 | LITELUMENTUM HLDGS INChistory → | COM | 2.34% | $7M | 139.3K |
| 26 | BKRBAKER HUGHES COMPANYhistory → | CL A | 2.15% | $7M | 195.9K |
| 27 | EBAYEBAY INChistory → | COM | 2.06% | $6M | 146.8K |
| 28 | VMIVALMONT INDS INChistory → | COM | 1.45% | $5M | 19.4K |
| 29 | IDEVISHARES TR | CORE MSCI INTL · CORE S&P500 ETF · MSCI CHINA A · CORE S&P SCP ETF | 1.02% | $3M | 42.5K |
| 30 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.99% | $3M | 6.5K |
| 31 | VGKVANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF · FTSE EMR MKT ETF | 0.67% | $2M | 37.6K |
| 32 | EPDENTERPRISE PRODS PARTNERS L | COM | 0.46% | $1M | 54.0K |
| 33 | EWGISHARES INC | MSCI GERMANY ETF · MSCI JPN ETF NEW · MSCI EMRG CHN | 0.42% | $1M | 33.9K |
| 34 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.36% | $1M | 2.7K |
| 35 | ETENERGY TRANSFER L P | COM UT LTD PTN | 0.24% | $741,000 | 53.7K |
| 36 | DESWISDOMTREE TR | US SMALLCAP DIVD | 0.22% | $685,000 | 21.3K |
| 37 | SUNSUNOCO LP/SUNOCO FIN CORP | COM UT REP LP | 0.14% | $449,000 | 7.5K |
| 38 | INTCINTEL CORP | COM | 0.13% | $402,000 | 8.0K |
| 39 | SPHSUBURBAN PROPANE PARTNERS L | UNIT LTD PARTN | 0.13% | $392,000 | 22.1K |
| 40 | NUSTAR ENERGY LP | UNIT COM | 0.12% | $371,000 | 19.9K |
| 41 | AAPLAPPLE INC | COM | 0.12% | $361,000 | 1.9K |
| 42 | PAAPLAINS ALL AMERN PIPELINE L | UNIT LTD PARTN | 0.10% | $297,000 | 19.6K |
| 43 | BSMBLACK STONE MINERALS L P | COM UNIT | 0.09% | $292,000 | 18.3K |
| 44 | HESMHESS MIDSTREAM LP | CL A SHS | 0.09% | $285,000 | 9.0K |
| 45 | QCOMQUALCOMM INC | COM | 0.08% | $239,000 | 1.7K |
| 46 | MPLXMPLX LP | COM UNIT REP LTD | 0.07% | $215,000 | 5.8K |
| 47 | SLBSCHLUMBERGER LTD | COM STK | 0.07% | $208,000 | 4.0K |
| 48 | AVYAVERY DENNISON CORP | COM | 0.06% | $202,000 | 1.0K |
| 49 | GIHGOLD RESOURCE CORP | COM | 0.00% | $5,000 | 13.0K |
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 ↗.