Analyzing West Oak Capital's Q3 and Q4 2022 13F Filings: Insights into Investment Strategy Shifts

West Oak Capital, LLC is a seasoned and prominent investment firm whose core focus is on the creation, preservation, and growth of wealth. Each quarter, the firm, like other institutional investors, submits a 13F filing with the Securities and Exchange Commission (SEC) outlining its current holdings. The form provides a window into the public equity positions of institutional investment managers whose assets exceed $100 million.

The data from the Q3 2022 and Q4 2022 of West Oak Capital, LLC 13F holdings provide interesting insights into shifts in the firm's strategies for investing in the stock market. The report shows that the company had made some eye-catching transactions and changes in holdings. This article will summarize the changes in the firm's holdings, the rationale behind the changes, and what the data tells us about West Oak Capital's market outlook.

Jefferies Group Inc New

The prominent investment bank, Jefferies Group Inc New, remained a stable holding for West Oak Capital throughout the two quarters, with the firm retaining its total shares of 918,881 in both quarters. However, the value of the holding increased by 16.2%, from $27,107 in Q3 2022 to $31,499 in Q4 2022, indicating West Oak's growing confidence in the bank's business outlook.

Nextera Energy

Nextera Energy, an American renewable energy company, witnessed a marginal decrease in the number of shares held by West Oak Capital, from 57,083 in Q3 2022 to 56,388 in Q4 2022. However, the holding value increased by 5.3% from $4,476 in Q3 2022 to $4,714 in Q4 2022.

Auto Data Processing

West Oak Capital decreased shares held in Auto Data Processing by 3.5%, going from 17,350 shares in Q3 2022 to 16,680 shares in Q4 2022. Although the decrease in shares, the value of the holding increased by 1.5% from $3,924 in Q3 2022 to $3,984 in Q4 2022.

Apple Computer Inc

In comparison to the company's top 10 holdings in Q3 2022, Apple Computer Inc appears to be the biggest holding affected in Q4 2022. The company's shares had declined by 2.9% from 30,547 in Q3 2022 to 29,642 in Q4 2022. The holding value had also declined by 8.8% from $4,222 in Q3 2022 to $3,851 in Q4 2022. This move may indicate that West Oak Capital had become more cautious about the tech giant's business outlook.

Chevrontexaco Corp

West Oak Capital demonstrated a bullish view on Chevrontexaco Corp by increasing their holding by 3.7%. The firm held 20,993 shares in Q3 2022 and 20,223 shares in Q4 2022, with the holding value increasing by 20.4% from $3,016 in Q3 2022 to $3,630 in Q4 2022.

Microsoft Corp

Microsoft Corp appears to be another company that West Oak Capital feels less positive about as evident from its holdings in Q3 and Q4 2022. The company had decreased its holding by 3.3%, from 13,961 in Q3 2022 to 13,406 in Q4 2022. The holding value had slipped by 1.1% from $3,252 in Q3 2022 to $3,215 in Q4 2022.

Broadcom Ltd

West Oak Capital increased its holding in Broadcom Ltd by 4.5%, going from 5,968 in Q3 2022 to 5,698 in Q4 2022. The holding value increased by 20.2%, going from $2,650 in Q3 2022 to $3,186 in Q4 2022.

Johnson & Johnson

Johnson & Johnson is another company in which West Oak Capital demonstrated growing confidence, increasing its holding by 0.2%. The company had held 18,051 shares in Q3 2022 and retained 18,020 shares in Q4 2022, with the holding value increasing by 7.9% from $2,949 in Q3 2022 to $3,183 in Q4 2022.

Schwab Us Large Co Equities ETF

The Schwab Us Large Co Equities ETF appears to be a company that West Oak Capital was bullish on in Q4 2022, as evident from its increase in shares. The firm had made an increase of 3.8% from 67,768 shares in Q3 2022 to 70,308 shares in Q4 2022. The holding value had increased by 10.6%, going from $2,870 in Q3 2022 to $3,174 in Q4 2022.

J P Morgan Chase & Co

West Oak Capital increased its holding in J P Morgan Chase & Co by 2.6%. The firm had held 23,507 shares in Q3 2022 and 22,747 shares in Q4 2022. The holding value in J P Morgan Chase & Co had also increased by 24.2%, going from $2,456 in Q3 2022 to $3,050 in Q4 2022.

Conclusion

The data from West Oak Capital's Q3 2022 and Q4 2022 13F holdings reports provide an insight into how institutional investors manage their investment portfolios. The data indicates that West Oak Capital retains its top position in holding Jeffries Group Inc New, though it has increased its holdings in companies like ChevronTexaco Corp and Johnson & Johnson. On the other hand, West Oak Capital has reduced its position in companies like Apple Inc and Microsoft Corp, indicating some market caution due to those companies' growth and outlook.

Investment methodology is not immune to unpredictability, and as the content above has shown, even with a strong institutional portfolio, routine adjustments are necessary with time. The shift in preferences represents new opportunities to capitalize on share prices that will meet West Oak Capital's current portfolio and equate them with the market state per time.