Barnett & Company's Investment Strategy: Q4 2022 vs. Q1 2023 Holdings

Barnett & Company, Inc. is a well-established investment advisory firm known for its expertise in offering personalized solutions based on clients' financial goals and risk tolerance. Every quarter, the Securities and Exchange Commission (SEC) mandates all institutional investors with over $100 million in assets to file a 13F form, detailing the stock holdings of the quarter. Based on the Q4 2022 and Q1 2023 13F filings, we will analyze Barnett & Company's investment strategy and the reasons behind the changes in their holdings.

Starting with the top ten holdings of Barnett & Company, the information technology sector makes up 38% of the portfolio, followed by consumer discretionary and healthcare with 13% and 12% respectively. Thermo Fisher Scientific held the highest Q4 2022 value at $6,609,000, with only a slight dip of 3.5% in value, dropping to $6,837,000 in Q1 2023. With its focus on scientific research and equipment, Thermo Fisher Scientific has seen significant growth in the past year and is expected to continue its upward trend.

Moving on to the energy sector, many holdings in this industry have seen declines in both shares and value. Companies such as ConocoPhillips, Williams Cos Inc, and ONEOK Inc New experienced a decrease in shares and a decline in value, with the energy industry expected to face headwinds due to the inflationary environment and policymakers' focus on climate change.

In contrast, Federal Agric Mtg Corp, known as Farmer Mac, experienced a 23.1% increase in value, with shares increasing from 45880 to 47780. The company has seen continuous growth over the past year due to the boom in crop prices, leading to higher demand for its services in financing and lending.

Another industry that experienced significant growth in the past year was the healthcare sector, in which companies such as Onemain Hldgs Inc and Scotts Miracle-Gro Co experienced an increase in shares and value. Onemain Hldgs is a consumer finance company that operates in the subprime lending market, and with the current economic outlook, the demand for its services is expected to remain high. On the other hand, Scotts Miracle-Gro Co, a producer of lawn and garden care products, experienced an increase in value of 44.4%, indicating significant consumer interest. This trend is expected to continue due to the pandemic push towards homeownership and outdoor living spaces.

Additionally, some of the significant changes Barnett & Company made to their holdings include investing in Alaska Air Group Inc., Antero Midstream Corp, and Albertsons Cos Inc. Alaska Airlines Group saw a remarkable value increase of 141.9%, with shares increasing from 19330 to 47850. The company has seen tremendous growth due to its increasing market share in the domestic airline industry, and with the lifting of travel restrictions, the airline industry is expected to see even more growth.

In conclusion, Barnett & Company's investment strategy is well-diversified across multiple industries, with a focus on information technology, consumer discretionary, and healthcare. While some of its investments in the energy sector experienced a decline, it continues to hold positions in promising companies such as Thermo Fisher Scientific and Onemain Hldgs Inc. The firm's investments in the airline and consumer goods industries, such as Alaska Air Group Inc and Scotts Miracle-Gro Co, have proved successful and are expected to continue to deliver positive returns.