Analyzing Evergreen Capital Management LLC's Q3 to Q4 2022 Stock Portfolio Changes

The investment world is always in flux, and one of the best ways to see that in action is by examining its biggest players' portfolio changes. Evergreen Capital Management LLC, the Boston-based investment advisory firm, recently released its Q4 2022 13F holdings, and the differences between it and the previously released Q3 2022 holdings are significant. This blog post will analyze these changes to help readers better understand Evergreen Capital Management LLC's investment strategies and decision-making process.

Introduction:

Evergreen Capital Management LLC is one of the premier investment firms in the United States, providing services that range from financial planning to wealth management to institutional consulting. The firm manages over $3.3 billion in assets and has a focus on providing personalized services to its clients.

Main Body:

The most significant change in Evergreen Capital Management's Q4 2022 13F holdings is the increase in holdings of SPDR SER TR (SPTS). The firm added over 1.7 million shares, bringing its total number of shares up from 1,081,648 in Q3 2022 to 2,784,987 in Q4 2022. The value of Evergreen Capital's holdings in SPTS also increased from $31,270,000 to $80,458,000, a significant gain of 157.3%.

Another notable change in the Evergreen Capital Management LLC's Q4 2022 13F holdings is the increase in holdings of Vanguard Scottsdale Fds (VMBS) by over 1.1 million shares. The value of the holdings increased by an impressive 1,710.6% from $3,116,000 in Q3 2022 to $56,418,000 in Q4 2022.

In contrast, Evergreen Capital's holdings in iShares TR (SHY) decreased by over 340,000 shares, from 976,529 shares in Q3 2022 to 636,437 shares in Q4 2022. The value of its holdings decreased from $79,304,000 to $51,659,000, a decline of 34.9%.

Among the sectors, Evergreen Capital Management LLC's holdings in the finance sector and technology sector were significantly increased in Q4 2022. Holdings in PACCAR INC (PCAR) increased by over 209,000 shares, bringing the total number of shares to 430,799 in Q4 2022. The value of Evergreen Capital's holdings in PCAR increased by 136.2% from $18,552,000 in Q3 2022 to $43,812,000 in Q4 2022. Furthermore, the firm acquired 77,000 additional shares of Microsoft Corp. (MSFT), increasing its total shares to 223,511, and the value of its holdings increased from $52,957,000 to $53,602,000, a gain of 1.2%.

However, certain holdings of Evergreen Capital Management LLC were decreased. One of the sectors in which a decrease in holdings was observed, was the healthcare sector. The firm's holdings in Johnson & Johnson (JNJ) increased by only 3.7%. In Q3 2022 Evergreen Capital's holdings in JNJ was 97,647 shares, valued at $15,952,000. In Q4 2022, the value of its holdings only increased to $17,822,000, still holding 100,893 shares.

Conclusion:

In conclusion, Evergreen Capital Management LLC's Q3 to Q4 2022 13F holdings have shown a mix of gains and losses in certain sectors. The significant increase in its holdings of SPDR SER TR (SPTS) and Vanguard Scottsdale Fds (VMBS) is noteworthy. The increase in holdings of the finance sector and technology sector has also been observed. On the other hand, the decrease in its holdings of iShares TR (SHY) and Johnson & Johnson (JNJ) shows the firm's flexibility in its investment decisions, indicating the need to maintain a balanced portfolio.

While portfolio holdings can change significantly in any given quarter, analysis of these changes can provide insight into a firm's broader investment strategy. Evergreen Capital's increased interest in SPDR SER TR (SPTS) and Vanguard Scottsdale Fds (VMBS) reflects a bullish outlook on these sectors, while the reduction in its holdings of iShares TR (SHY) and Johnson & Johnson (JNJ) may indicate a more cautious approach to other sectors. Overall, Evergreen Capital Management LLC's Q4 2022 13F holdings provide a window into the management's investment strategy for the future.