Analyzing Lincoln Capital Corp's Q4 2022 vs. Q1 2023 13F Holdings Changes

Lincoln Capital Corp, like many other institutional investors, is required to disclose its equity holdings quarterly via Form 13F filings. These filings are due 45 days after the end-quarter date, and they provide valuable insights on the fund's investment strategy and its current positions.

By comparing the latest holdings with the previous quarter's, we can analyze the changes in Lincoln Capital Corp's investment portfolio and its strategies for Q1 2023.

According to the latest 13F filing, Lincoln Capital Corp's total market value of holdings decreased from $142,301,000 to $130,276,000. This marks a decline of 8.4% in the fund's total holdings over the quarter.

Goldman Sachs ETF TR (GSLC) maintained its top position with an increase of 18.3% in its shareholding, from 237,799 to 263,692 shares. Similarly, Microsoft Corp (MSFT) remained in the second spot, with a marginal increase in holdings from 55,997 to 56,001 shares.

However, UnitedHealth Group Inc (UNH) recorded a 8.7% decrease in stock holdings, from 19,099 to 19,565 shares. Bank of America Corp (BAC) and JPMorgan Chase & Co (JPM) witnessed the most massive changes in the fund's portfolio, with a surge of 793.8% and a sharp decline of 37.3%, respectively.

In Q4 2022, BAC was included in the portfolio for the first time and held 9,248 shares. However, as per the latest filings, Lincoln Capital Corp has significantly increased its position in BAC, holding 95,721 shares by Q1'23.

On the other hand, JPMorgan Chase & Co (JPM) saw its holdings plummet from 41,038 to 26,476 shares. The cumulative value of its investments decreased from $5,503,000 to $3,450,000, representing a decline of 37.3%.

While individual stock shifts occurred, the fund's overall sectoral allocation remained relatively consistent. It increased its exposure to Information Technology, Financials, and Consumer Discretionary sectors, with marginal decreases in Industrials, Healthcare, and Communication Services stocks.

Conclusion:

Lincoln Capital Corp's latest 13F filings suggest that the fund has made significant changes in its equity holdings, with Bank of America Corp and JPMorgan Chase & Co witnessing the most prominent shifts. As the US equity markets continue to recover from the pandemic slowdown, it will be interesting to see how institutional investors like Lincoln Capital Corp position themselves in the coming months.