Analyzing Alpha Omega's Q4 2022 vs. Q1 2023 13F Holdings: Changes, Trends, and Insights

The world of finance is dynamic, and the investment landscape is always changing. Therefore, it's essential to keep an eye on how investment firms and managers are moving their money around. One such firm is Alpha Omega Wealth Management LLC, whose Q4 2022 and Q1 2023 13F holdings we will analyze in this blog post.

In this quarterly filing, investment managers disclose their equity holdings, including stocks, options, and convertible bonds. Hence, 13F filings provide insight into the portfolios of institutional investors, including hedge funds, banks, and insurance companies.

For Q4 2022, Alpha Omega Wealth Management LLC reported holdings in 65 securities, with a total value of $611 million. By Q1 2023 filings, their holdings had increased to 67 securities, with total assets of $672 million. This represents a 10% increase in the value of their holdings.

Below is an overview of the significant changes in Alpha Omega's holdings and emerging trends.

Changes in Holdings

OLD DOMINION FREIGHT LINE (ODFL) remained the top holding of Alpha Omega in both quarters. However, they reduced their shares from 258,125 to 252,250 (-2.27%) in Q1 2023.

APPLE INC (AAPL) saw a drop in the number of shares held by Alpha Omega, from 92,994 in Q4 2022 to 90,479 in Q1 2023 (-2.70%). However, the value of their holdings increased by 23.5% from $12.08 million to $14.92 million.

ABBVIE INC (ABBV) also saw a reduction in the number of shares held, going from 63,519 in Q4 2022 to 63,144 in Q1 2023 (-0.59%), with a corresponding 2% drop in value.

MICROSOFT CORPORATION (MSFT) witnessed a slight dip in their holdings, with shares dropping from 64,263 to 61,956 (-3.59%). However, the value of their holdings increased by 15.9% from $15.41 million to $17.86 million.

PARAMOUNT GLOBAL (PARA) saw a 40.6% increase in the value of their shares, representing one of the most significant changes in Alpha Omega's portfolio. The number of shares held in the company increased from 361,058 to 384,201 (+6.40%).

ENBRIDGE INC (ENB.TO) was another significant increase in Alpha Omega's holdings. The value of their shares increased by 1% despite the number of shares held only increasing from 168,077 to 173,981 (+3.51%).

Emerging Trends

There are some notable trends to consider from Alpha Omega's Q4 2022 vs. Q1 2023 13F holdings.

Firstly, there has been a general reduction in the number of shares held for many of the securities. This implies that Alpha Omega is becoming more selective in the securities they hold, possibly focusing on quality over quantity with their investments.

Secondly, there has been an increase in the value of shares held in some securities, even where the number of shares held decreased. This trend indicates that Alpha Omega is confident in some of its holdings and is willing to keep its stake in these securities intact.

Lastly, we can see that Alpha Omega is diversifying its portfolio, as evidenced by the addition of two new securities (AQN.TO and FHI) to their holdings in Q1 2023. Additionally, the value of their holdings increased across multiple assets within health care and information technology sectors, indicating their bullish outlook towards these areas.

In conclusion, analyzing Alpha Omega's Q4 2022 and Q1 2023 13F holdings offers valuable insight into their investment strategies, trends, and areas of interest. Alpha Omega's confidence in their holdings and diversification of their portfolio are notable indicators of their investment style. As always, institutional investors need to stay vigilant to navigate their portfolios successfully in this dynamic market.