Analyzing Connecticut Wealth Management, LLC's Q4 2022 vs. Q1 2023 13F Holdings Comparison

Connecticut Wealth Management, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Connecticut Wealth Management, LLC is an independent financial firm that manages over $400 million in assets. Their portfolio comprises a diverse range of investments, including U.S. stocks, international stocks, and bonds. In this blog post, we will analyze Connecticut Wealth Management, LLC's Q4 2022 vs. Q1 2023 13F holdings comparison.

For those who are unfamiliar with 13F reports, they are a quarterly report filed with the U.S. Securities and Exchange Commission (SEC) by institutional investment managers that have over $100 million in assets under management. These reports provide a snapshot of the institutional investors' portfolio holdings and include information such as the name, ticker symbol, and value of each investment.

In the Q4 2022 report, Connecticut Wealth Management, LLC reported holdings in 47 different stocks and ETFs with a total value of $416,799,000. By Q1 2023, Connecticut Wealth Management, LLC had increased their holdings to 48 different stocks and ETFs with a total value of $472,127,000, representing a 13.2% increase in value.

The largest increase in holdings by value was in the iShares Tax-Managed Fund (VEA), which increased by 17.8% to $48,290,000. This was followed by the Vanguard Total Stock Market ETF (VTI), which saw a 106.7% increase in holdings to $17,887,000.

The largest percentage increase in holdings was in the ProShares SeekingAlpha Dividend (SJW) ETF, which was not present in the Q4 2022 report but had holdings valued at $3,567,000 in Q1 2023. This was a 100% increase in holdings value.

In terms of individual stocks, Connecticut Wealth Management, LLC increased their holdings in several technology companies. Holdings in Apple Inc. (AAPL) increased by 49.3% to $9,924,000. Holdings in Microsoft Corporation (MSFT) increased by 25.1% to $6,036,000.

Connecticut Wealth Management, LLC closed its positions in several ETFs, including the iShares iBoxx $ Investment Grade Bond Fund (LQD), the iShares Russell 1000 Growth ETF (IWF), and the iShares Russell 2000 ETF (IWM). The firm also closed its position in Raytheon Technologies Corporation (RTX), selling all 609,654 shares it held in the company.

Of note is the 23.3% decrease in holdings in the Invesco QQQ Trust (QQQ), representing a decrease in holdings value from $27,983,000 in Q4 2022 to $21,475,000 in Q1 2023. This could indicate a shift in Connecticut Wealth Management, LLC's investment strategy away from technology-heavy ETFs.

Connecticut Wealth Management, LLC also sold a portion of its holdings in the Vanguard Mortgage-Backed Securities ETF (VMBS), decreasing its holdings value by 18.6% to $7,951,000.

In conclusion, Connecticut Wealth Management, LLC's Q4 2022 vs. Q1 2023 13F holdings comparison shows that the firm increased its overall holdings and made several adjustments to its investment portfolio. The increase in holdings value was led by an increase in holdings in the iShares Tax-Managed Fund (VEA) and the Vanguard Total Stock Market ETF (VTI). The firm closed positions in several ETFs and individual stocks, including Raytheon Technologies Corporation (RTX) and Invesco QQQ Trust (QQQ). These changes could indicate a shift in Connecticut Wealth Management, LLC's investment strategy or a reallocation of assets to align with their clients' financial goals.