Analyzing the 13F Holdings Comparison Report: Washington Capital Management, Inc Q4 2022 vs. Q1 2023

Washington Capital Management, Inc, a Seattle-based investment management firm, recently released its 13F holdings comparison report for Q4 2022 and Q1 2023. The report highlights the changes in holdings of various funds managed by the firm. In this article, we will analyze the report and identify the key takeaways.

Vanguard Funds Remain Popular

The report shows that Vanguard funds continue to be a popular choice for Washington Capital Management investors. The Vanguard Index FDS (VTI) and the Vanguard Bd Index FDS (BSV) are two of the top holdings in both the Q4 2022 and Q1 2023 reports. However, the number of shares in BSV increased significantly from 58,500 to 88,000, a 52.8% increase, while the value of VTI increased from $18,704,000 to $20,364,000, an 8.9% increase.

SPDR Funds Show Modest Gains

The State Street Global Advisors SPDR funds also show modest gains in the Q1 2023 report. The SPDR S&P 500 ETF TR (SPY) and the SPDR Dow Jones Indl Average (DIA) remain unchanged in the number of shares, but the value of shares increased by 7% and 0.4%, respectively.

Decrease in Merck & Co Inc shares

Washington Capital Management sold approximately 5,450 shares of Merck & Co Inc (MRK) between Q4 2022 and Q1 2023, resulting in a decrease of 29% in the value of shares. This could be due to concerns about revenue due to patent expirations for several of the company's key drugs.

The Rise and Decline of Other Companies

The report also highlights significant changes in holdings of other companies. For example, Allison Transmission Holdings Inc (ALSN), a manufacturer of commercial vehicle propulsion systems, saw an increase of 8.8% in the value of shares held by Washington Capital Management. In contrast, Halliburton Co (HAL), an oilfield services company, saw a decline of 20.8% in the value of shares held by the firm.

Conclusion

The 13F holdings comparison report for Washington Capital Management, Inc highlights the trends and changes in holdings of various funds managed by the firm. The report also shows that while some companies experienced significant increases in the value of shares held, others saw significant declines. The data in this report can be useful for investors looking to make informed decisions on their investment portfolios.