Benin Management CORP Q4 2022 vs. Q1 2023: A Look at the Changes in Holdings

Benin Management Corp, a US-based investment management firm, has filed its Q1 2023 13F Holdings report with the Securities and Exchange Commission (SEC). The report shows the changes in holdings of the firm's portfolio from Q4 2022 to Q1 2023. In this article, we will take a closer look at some of the key holdings of Benin Management Corp and discuss the changes that occurred during the first quarter of 2023.

First on the list is the SPDR S&P 500 ETF TR, with 215,281 shares in Q1 2023, a 1% decrease from the 217,560 shares held in Q4 2022. This ETF, which tracks the S&P 500 index, is a popular choice for investors seeking exposure to the broad US equity market.

Another notable holding is Apple Inc, with 135,547 shares in Q1 2023, a slight increase from the 135,241 held in Q4 2022. Apple, the tech giant known for its iconic iPhones and Macbooks, has experienced strong growth in recent years, which has translated into solid stock performance. Benin Management Corp's continued investment in the company suggests confidence in its future prospects.

Microsoft Corp is also among Benin Management Corp's key holdings, with 54,792 shares in Q1 2023, a small decrease from the 55,073 held in Q4 2022. Microsoft is a leader in the software industry and has been consistently delivering strong financial results in recent years.

PepsiCo Inc, a leading multinational food, snack, and beverage corporation, is another significant holding with 64,804 shares in Q1 2023, a slight increase from the 64,647 held in Q4 2022. PepsiCo has a diverse product portfolio and has been expanding its offerings through acquisitions, which may have contributed to Benin Management Corp's decision to maintain its investment in the company.

Visa Inc, a global payments technology company, is another important holding of Benin Management Corp with 51,186 shares in Q1 2023, a small decrease from the 51,215 held in Q4 2022. As the world moves towards a cashless economy, Visa is well-positioned to benefit from the growing demand for digital payment solutions.

On the other hand, we also see some holdings that have seen significant changes during the first quarter of 2023. For instance, Allstate Corp, an insurance company, experienced a significant decrease of 18.6% in shares held by Benin Management Corp, from 42,088 in Q4 2022 to 41,938 in Q1 2023. Similarly, PNC Financial Services Group Inc, a banking and financial services company, saw a 19.6% decrease in shares held by Benin Management Corp during the same period.

In conclusion, the Q1 2023 13F Holdings report filed by Benin Management Corp provides valuable insights into the firm's investment strategy and portfolio changes. The report highlights the firm's continued investments in popular tech companies like Apple and Microsoft, as well as its confidence in the future prospects of companies like PepsiCo and Visa. At the same time, the report also sheds light on holdings that have experienced significant changes in recent months. Overall, the Q1 2023 13F Holdings report shows that Benin Management Corp is taking a well-diversified approach to its investments, which may help mitigate risks and deliver long-term returns for its clients.