Analyzing the Q3 and Q4 2022 Holdings of Resource Planning Group: Insights into Changes in Investment Strategy

The Securities and Exchange Commission (SEC) released the latest 13F filing of Resource Planning Group for the third and fourth quarter of 2022. The filing is a quarterly report required of institutional investment managers with over $100 million in assets under management, and it provides insight into changes in the holdings of these firms over the quarter.

Resource Planning Group Q3 2022 vs. Q4 2022 13F Holdings Comparison

The table above lists the changes in holdings of Resource Planning Group over the quarter, highlighting the securities that experienced significant changes in either shares held or value.

AGG, the ISHARES TR, the largest holding of Resource Planning Group, experienced a growth of 10.5% from Q3 to Q4, with an increase of 13,234 shares and a value increase of $1,371,000.

BSV, the VANGUARD BD INDEX FDS, experienced a decline of 35.4% in shares held, having a decrease of 68,848 shares, and a corresponding decrease in value of $5,095,000.

VEA, the VANGUARD TAX-MANAGED FDS, experienced a significant growth of 41.9% with an increase of 29,475 shares and an increase in value of $1,958,000.

SCHO, the SCHWAB STRATEGIC TR, had the highest percentage increase in shares held of any security, having a staggering growth of 2403.9% from Q3 to Q4, with an increase of 104,658 shares and a corresponding increase in value of $5,048,000.

TIP, the ISHARES TR, had the most significant decline in shares held, having a decrease of 8,764 shares, and a corresponding decrease in value of $915,000. This represented a decline of 72% in value over the quarter.

Other notable changes in holdings include EMXC (ISHARES INC), experiencing a growth of 159.4%, SCHF (SCHWAB STRATEGIC TR), experiencing a growth of 38.9%, and ILTB (ISHARES TR) and BNDX (VANGUARD CHARLOTTE FDS), experiencing significant declines of 100% in shares held.

Interpreting the Changes in Holdings

As a professional investment manager, it is essential to analyze these changes in holdings to evaluate the performance of a fund's investment strategy. Changes in holdings can be an indication of shifting investment strategies, adjustments in risk levels, or even changes in market conditions.

One of the primary factors that influence changes in holdings is market trends. The decline in shares held in BSV (VANGUARD BD INDEX FDS) was likely impacted by the uptick in interest rates over the quarter. As interest rates rise, the value of bonds decreases, leading to a decrease in value for the fund. On the other hand, the growth in shares held in VEA (VANGUARD TAX-MANAGED FDS) could be a signal of growing investor confidence in international markets, since VEA is an exchange-traded fund that tracks the performance of international stocks in developed markets.

Investment managers can utilize this information to adjust their investment strategies to align with market trends to maximize returns. For example, an investment manager who sees a shift in investor preference towards international markets could increase their holdings in VEA or other similar securities to capitalize on the trend.

Another reason for changes in holdings is the risk level of securities. If a security is perceived to be at a higher risk, an investment manager may choose to decrease their holdings, leading to a decline in shares held. On the other hand, if a security is perceived to be undervalued, an investment manager may increase their holdings.

Conclusion

Overall, the changes in holdings evident in the Resource Planning Group Q3 2022 vs. Q4 2022 13F Holdings Comparison can provide valuable insights into the changes in investment strategy of the fund. It is essential to look beyond the raw data and analyze trends and market conditions that may be influencing investment decisions. As investment managers, it is vital to consistently monitor and evaluate changes in holdings to ensure investments align with the fund's overall investment strategy and provide maximum returns for investors.