Analyzing Eagle Global Advisors' Holdings: Changes from Q3 to Q4 2022 based on 13F report

Eagle Global Advisors is an investment firm that manages over $12 billion in assets for high net worth individuals and institutions. One of the ways they invest is through the purchase of publicly traded stocks. Every quarter, they are required to file a 13F report with the SEC, which lists their holdings as of the end of the quarter. In this post, we will analyze the changes in holdings of the Eagle Global Advisors LLC fund from Q3 2022 to Q4 2022 based on their 13F report.

Overall, the fund decreased its holdings from Q3 to Q4. The total value of the portfolio decreased from $631 million in Q3 to $596 million in Q4, a decline of 5.5%. The number of shares held also decreased from 20,983,521 in Q3 to 20,475,088 in Q4, a decline of 2.4%.

One of the biggest changes in holdings was the decrease in the fund's investment in Apple Inc (AAPL). The fund sold 6,944 shares of Apple, reducing their holdings by 1.4%. The value of their holdings also decreased by 7.3%, from $70,939,000 to $65,791,000. This could be due to concerns over the company's growth potential or valuation.

Another significant change was the increase in holdings of Energy Transfer L.P. (ET). The fund added 93,780 shares of ET, increasing their holdings by 2%. The value of their holdings also increased by 9.7%, from $55,332,000 to $60,695,000. This suggests that the fund has confidence in the future prospects of the company, possibly due to the growing demand for energy from a recovering global economy.

The fund also increased their holdings in Targa Resources Corp (TRGP) and Plains All Amern Pipeline L (PAA), two energy companies. They added 5,810 shares of TRGP, increasing their holdings by 0.8%, while the value of their holdings increased by 22.8%. They added 512,130 shares of PAA, increasing their holdings by 15.2%, while the value of their holdings increased by 28.8%. These increases in energy holdings suggest that the fund has a bullish view on the industry as a whole.

In contrast to their energy holdings, the fund decreased their holdings in Amazon.com Inc (AMZN). They sold 9,609 shares of Amazon, reducing their holdings by 3.6%. The value of their holdings also decreased by 28.4%, from $29,808,000 to $21,351,000. This could be due to concerns about the company's high valuation or increasing competition in the e-commerce space.

The fund also sold shares of other tech companies, such as Alphabet Inc (GOOGL) and Microsoft Corp (MSFT). They sold 7,331 shares of GOOGL, reducing their holdings by 2.3%, while the value of their holdings decreased by 9.9%. They sold 2,552 shares of MSFT, reducing their holdings by 1.4%. The value of their holdings remained relatively constant, decreasing by only 1.5%. This suggests that the fund may be rotating out of the tech sector in favor of other industries.

One of the most dramatic changes in holdings was the increase in the fund's investment in Syntropy (SHY), an emerging cloud networking company. The fund added 500,827 shares of SHY, increasing their holdings by 1,427.8%. The value of their holdings increased from $2,847,000 to $43,497,000, a massive increase of 1,427.8%. This suggests that the fund has a bullish view on the future of cloud networking and believes that Syntropy has exciting growth potential.

In conclusion, the Eagle Global Advisors LLC fund made significant changes to their holdings from Q3 to Q4 2022. They reduced their holdings in some tech companies while increasing their holdings in energy and emerging industries. These changes suggest that the fund is actively managing their portfolio and adjusting their investments based on their views on different industries' growth potential. Investors may want to keep an eye on the fund's holdings and investment strategy as they could provide valuable insights into market trends and sector performance.