Biltmore Wealth Management, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

In the fast-paced and ever-changing world of finance, it's essential for wealth management companies to stay ahead of the game. Biltmore Wealth Management, LLC understands the importance of keeping track of investment holdings and making informed decisions based on those holdings. That's why they recently released a comparison of their 13F holdings from Q2 2023 to Q3 2023, revealing some interesting changes in their portfolio.

One of the notable changes in Biltmore's holdings is their reduction in shares of the "SELECT SECTOR SPDR TR" (symbol: XLI) from 231,167 shares in Q2 to 224,824 shares in Q3. This decrease of 8.1% corresponds to a decrease in value from $24,808,000 to $22,792,000. On the other hand, they increased their holdings in the "SELECT SECTOR SPDR TR" (symbol: XLV) by 2.9%, going from 149,096 shares to 158,153 shares and from $19,789,000 to $20,360,000 in value.

Another significant change in Biltmore's portfolio is the substantial decrease in their holdings of the "SELECT SECTOR SPDR TR" (symbol: XLK). While they held 163,200 shares in Q2, their holdings dropped to 121,977 shares in Q3, marking a significant decrease of 29.5%. The value of these shares also decreased from $28,373,000 to $19,995,000.

Biltmore's holdings in the "PIMCO ETF TR" (symbol: SMMU) saw a modest increase of 3%, with their shares rising from 344,511 in Q2 to 359,195 in Q3. The value of these shares also increased from $17,063,000 to $17,582,000.

However, not all of Biltmore's holdings experienced positive changes. Their holdings in the "SELECT SECTOR SPDR TR" (symbol: XLY) decreased by 24.3%, going from 125,318 shares to 100,129 shares. As a result, the value of these shares dropped from $21,280,000 to $16,118,000.

Similarly, their holdings in the "SELECT SECTOR SPDR TR" (symbol: XLP) declined by 4.5%, with the number of shares falling from 139,068 to 156,718. The value of these shares, though slightly decreased from $10,314,000 to $10,783,000.

Despite these declines, Biltmore saw an increase in their holdings of the "SELECT SECTOR SPDR TR" (symbol: XLC) by 19.2%. Their shares rose from 139,706 in Q2 to 165,261 in Q3, resulting in an increase in value from $9,092,000 to $10,836,000.

It's worth noting that Biltmore's holdings in the "SPDR GOLD TR" (symbol: GLD) experienced a significant increase of 27%. The number of shares climbed from 26,264 to 34,677, while the value rose from $4,682,000 to $5,945,000.

Additionally, Biltmore made a substantial shift in their holdings of the "SPDR SER TR" (symbol: BIL). They reduced their shares from 158,235 in Q2 to 32,037 in Q3, representing a staggering decrease of 79.8%. The value of these shares also dropped from $14,529,000 to $2,941,000.

Furthermore, Biltmore decreased their holdings of "ISHARES TR" (symbol: IEF) by 61.1%. The number of shares fell from 55,514 to 22,755, resulting in a decrease in value from $5,362,000 to $2,084,000. They also reduced their shares in "ISHARES TR" (symbol: SHY) from 122,680 to 23,057, representing a decrease of 81.2% in shares and 78.3% in value.

While there were several other changes in Biltmore's portfolio, the above examples showcase some of the most significant adjustments in their 13F holdings between Q2 2023 and Q3 2023. As always, it's essential for wealth management companies like Biltmore to analyze these changes carefully and make informed decisions to ensure the optimum growth and success of their investments.

In conclusion, Biltmore Wealth Management, LLC has made strategic changes to their holdings in various companies and sectors during the second and third quarters of 2023. These adjustments reflect Biltmore's proactive approach to managing their clients' investments, allowing them to adapt to market conditions and position themselves for continued growth. By staying abreast of these changes, Biltmore Wealth Management, LLC can provide their clients with valuable insights and opportunities for maximizing returns.