A Deep Dive Into Legacy Advisors' Q3 vs. Q4 2022 Fund Holdings

Legacy Advisors, LLC is a registered investment advisory company that manages individual and institutional portfolios. Every quarter, the SEC requires all institutional investors with over $100 million in assets to fill out Form 13F. This form discloses the institution's holdings of U.S. equity securities at the end of the quarter. In this blog post, we will be taking a closer look at Legacy Advisors' Q3 vs. Q4 2022 fund holdings.

In Q4 2022, Legacy Advisors decreased its position in MASTEC INC by 16.7%, from 1.8 million shares to 1.5 million shares. On the other hand, the company reduced its position in the ISHARES TR exchange-traded fund (ETF) OEF by 12.6%, from 396,225 shares to 330,082 shares.

One notable increase in position was the company's holdings of the ISHARES TR ETF IVV, which saw a staggering 839.8% increase, from 4,544 shares to 39,869 shares. We can speculate that the company now sees more value in the S&P 500 tracking ETF than before.

The company's holdings of APPLE INC (AAPL) increased slightly by 4.2%, from 74,695 shares to 82,803 shares. UNITEDHEALTH GROUP INC (UNH) saw a more significant increase in position by 26.7% from 10,438 shares to 12,602 shares. The SPDR S&P 500 ETF TR (SPY) also saw an increase in position by 16.3% from 23,287 shares to 25,299 shares.

In contrast, the company decreased its position in AMAZON COM INC (AMZN) by 30.8%, from 57,335 shares to 53,403 shares. The decrease in Amazon's position may indicate that the company feels the tech giant is overvalued and has taken profits.

The company also sold off its position in VANGUARD BD INDEX FDS (BSV) in Q4 2022, with no shares held compared to 78,384 shares in Q3 2022. However, it is important to note that the Q3 2022 value for BSV was $0.

In the financial sector, BANK AMERICA CORP (BAC) saw a 14.2% increase in position from 37,585 shares to 39,130 shares. However, the company sold off its position in BAXTER INTL INC (BAX) in Q4 2022, with no shares held compared to 28,911 shares in Q3 2022.

Overall, we can see that Legacy Advisors, LLC made some notable changes in its fund holdings in Q4 2022. The company seems to have taken profits in some companies while increasing its position in others. It is also important to point out that the company increased its position in some ETFs, possibly indicating a shift towards index fund investing. While we cannot speculate too much, we can gather insights into the company's strategy and portfolio management using this Form 13F filing.

In conclusion, Legacy Advisors, LLC's Q3 vs. Q4 2022 fund holdings show a mix of both increased and decreased positions. The company made some notable changes across different sectors and individual companies, indicating a careful approach to portfolio management.