Blume Capital's Q3 and Q4 2022 Fund Holdings: Top Gainers and Losers

Blume Capital Management, Inc. is an investment management firm based in California, United States. The firm recently filed its Q3 and Q4 2022 13F holdings, which shows the changes in holdings between the two quarters. In this article, we will delve into Blume Capital's investments, explore the top gainers and losers, and analyze the reasons behind the changes.

Gainers

Goldman Sachs Access Treasury 0-1 Year ETF (GBIL)

During Q4 2022, Blume Capital increased their holdings in GBIL by over 166%, from 52,550 shares to 140,469 shares. The increase in shares boosted the value of the investment from $5.2 million to $14 million. GBIL is a short-term investment-grade bond that provides exposure to U.S. Treasury bonds.

Schwab ST US Treasury (SCHO)

Blume Capital's Q4 holdings in SCHO increased by over 400%, from 27,700 shares to 139,449 shares, with a corresponding increase in the investment value from $1.3 million to $6.7 million. SCHO is a low-cost short-term Treasury bond ETF that aims to provide higher yields than traditional savings or money market accounts.

DFA Emerging Markets Core2 ETF (DFEM)

Blume Capital increased their holdings in DFEM from 15,850 shares to 287,090 shares, a whopping 1,890% increase. The increase in shares boosted the value of the investment from $0.3 million to $6.5 million. DFEM is a diversified investment in emerging markets, including companies from Asia, Latin America, the Middle East, and Africa.

Baker Hughes (BKR)

During Q4 2022, Blume Capital's holdings in BKR increased by 39%, from 178,365 shares to 175,565 shares. The increase in shares boosted the value of the investment from $3.7 million to $5.2 million. BKR is an American industrial service company that provides energy technology solutions worldwide.

Losers

Alcoa Corporation (AA)

Blume Capital's holdings in AA decreased from 35,395 shares to 14,615 shares, a 44.2% decrease in shares. The decrease in shares reduced the value of the investment from $1.2 million to $0.7 million. AA is a global leader in lightweight metals technology, engineering, and manufacturing.

Citigroup (C)

Blume Capital's holdings in Citigroup dropped by 27.1% from 219,936 shares to 234,727 shares. The decrease in shares reduced the value of the investment from $6.6 million to $7.8 million. Citigroup is an American multinational investment bank and financial services corporation.

Micron Technology (MU)

Blume Capital decreased their holdings in MU by 21.4%, from 115,770 shares to 91,225 shares. The decrease in shares reduced the value of the investment from $5.8 million to $4.6 million. MU designs and builds memory and storage solutions for a broad range of applications, including smartphones, PCs, servers, and data centers.

Costco Wholesale (COST)

Blume Capital's holdings in COST remained unchanged at 6,667 shares, but the value of the investment decreased from $3.1 million to $3.0 million. COST is a membership-only warehouse club that offers a wide selection of merchandise at low prices.

Analysis

The top gainers in Blume Capital's Q4 investment portfolio are ETFs that provide exposure to U.S. Treasuries, emerging markets, and short-term Treasury bonds. These investments provide an opportunity for diversification and high yields, which could explain why Blume Capital increased their holdings.

On the other hand, the top losers in Blume Capital's Q4 investment portfolio include companies in the financial services and technology sectors. Citigroup and Micron Technology are both facing challenges due to economic uncertainties, while Alcoa Corporation's stock is underperforming the broader market.

Conclusion

Blume Capital's Q3 and Q4 2022 13F holdings show an interesting mix of investments in various sectors. Blume Capital's increase in holdings for short-term Treasury bond ETFs and emerging markets ETFs indicates an appetite for diversification and high yields. The decrease in holdings for technology and financial services companies is a reflection of the current economic uncertainties in those sectors. It will be interesting to see how Blume Capital's investment portfolio evolves in the coming quarters.