Biltmore Wealth Management, LLC Q1 2023 vs. Q2 2023: A Detailed Analysis of 13F Holdings

Introduction:

In the financial world, 13F filings play a crucial role in providing insights into institutional investment strategies. Biltmore Wealth Management, LLC recently released its Q1 2023 and Q2 2023 13F holdings, revealing significant changes in their portfolio. This blog post presents a comprehensive analysis of these holdings and explores the implications for investors.

XLK - SELECT SECTOR SPDR TR:

Biltmore Wealth Management, LLC witnessed a slight decrease in their holdings of XLK, a well-known technology exchange-traded fund. The Q1 2023 holdings stood at 166,134 shares, which dropped marginally to 163,200 shares in Q2 2023. The value of these shares also saw a moderate increase, rising from $25,087,000 in Q1 to $28,373,000 in Q2, marking a change of 13.1%. This indicates a strategic move in managing their technology sector investments.

XLI - SELECT SECTOR SPDR TR:

The holdings in XLI, another SELECT SECTOR SPDR TR fund, experienced a minor increase, from 229,510 shares in Q1 to 231,167 shares in Q2. The overall value of these holdings rose from $23,221,000 in Q1 to $24,808,000 in Q2, reflecting a 6.8% change. This indicates Biltmore Wealth Management's confidence in the industrial sector's growth potential.

XLY - SELECT SECTOR SPDR TR:

Biltmore Wealth Management's holdings in XLY, a consumer discretionary sector ETF, remained relatively stable. The Q1 2023 holdings were 124,395 shares, while in Q2 2023, they slightly increased to 125,318 shares. The value of these holdings witnessed a growth of 14.4%, rising from $18,602,000 in Q1 to $21,280,000 in Q2. This indicates the firm's continued interest in the consumer discretionary sector.

XLV - SELECT SECTOR SPDR TR:

The healthcare sector holdings of Biltmore Wealth Management, represented by XLV, showcased a modest increase. Q1 2023 holdings were recorded at 147,170 shares, which rose to 149,096 shares in Q2 2023. The value of these shares also saw a slight increase, from $19,052,000 in Q1 to $19,789,000 in Q2, reflecting a 3.9% change. This shift is indicative of the firm's confidence in the healthcare industry's performance.

SMMU - PIMCO ETF TR:

Biltmore Wealth Management displayed interesting changes in holdings with SMMU, a PIMCO ETF TR. The firm held no shares in this ETF during Q1 2023 but significantly increased its holdings to 344,511 shares in Q2 2023. This sudden influx suggests a sharp pivot in their investment strategy, potentially capitalizing on the fund's performance.

BIL - SPDR SER TR:

In the SPDR SER TR, Biltmore Wealth Management noted a modest increase in holdings. The Q1 2023 holdings accounted for 153,466 shares, which rose to 158,235 shares in Q2 2023. The total value of these holdings saw a moderate increase from $14,091,000 in Q1 to $14,529,000 in Q2, reflecting a change of 3.1%. This highlights the firm's continued interest in SPDR SER TR funds.

MUNI - PIMCO ETF TR:

Another significant change in Biltmore Wealth Management's portfolio was observed in MUNI, a PIMCO ETF TR. The firm held 267,548 shares in Q1 2023, which slightly increased to 270,465 shares in Q2, representing a marginal change of 0.3%. The value of these holdings remained relatively stable, moving from $13,982,000 in Q1 to $14,020,000 in Q2. This suggests the firm's confidence in the performance of municipal bond ETFs.

Conclusion:

Biltmore Wealth Management, LLC's Q1 2023 vs. Q2 2023 13F holdings analysis highlights several interesting trends. The firm made strategic moves in the technology sector, while also maintaining a strong interest in industrial, consumer discretionary, and healthcare sectors. The sudden increase in their holdings of SMMU indicates a potential shift in their investment strategy. These changes provide valuable insights for investors looking to diversify their portfolios and align their investments with emerging market trends. It is crucial for investors to analyze 13F filings regularly and consult with their financial advisors to make informed investment decisions based on changing market dynamics.