Bridges Investment Management's Q4 2022 vs. Q1 2023: A Comprehensive Look at the Holdings Changes

Bridges Investment Management Inc. recently released its 13F filings for Q4 2022 and Q1 2023, revealing a significant shift in its holdings. This article provides a detailed analysis of the company's top holdings, discussing the changes in share counts and value.

Apple Inc.

Apple continued to maintain its top position in Bridges Investment's portfolio, with a 0.7% decrease in share counts from Q4 2022 to Q1 2023. The value of the shares held also decreased by 26%, from $142,552,000 to $179,665,000.

Microsoft Corp.

Microsoft maintained its second position in Bridges Investment's portfolio, with a 0.4% decrease in share counts from Q4 2022 to Q1 2023. However, the value of the shares increased by 19.7%, from $110,792,000 to $132,618,000.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. occupied the third and fifth positions in Bridges Investment's top holdings with its A and B Class shares. Both share classes experienced a decrease in share counts, with the A class experiencing a 1.7% decrease and the B class experiencing a 6% decrease. The value of the A class shares decreased from $134,520,000 in Q4 2022 to $132,230,000 in Q1 2023, while the value of the B class shares decreased from $81,154,000 in Q4 2022 to $76,299,000 in Q1 2023.

Vanguard FTSE Developed Market Index Fund

Bridges Investment's top foreign holding, the Vanguard FTSE Developed Market Index Fund, experienced a 0.1% decrease in share counts, from 2,146,779 shares in Q4 2022 to 2,143,593 shares in Q1 2023. However, the value of the shares held increased by 7.5%, from $90,100,000 to $96,826,000.

Vanguard FTSE Emerging Markets Index Fund

Similarly, the Vanguard FTSE Emerging Markets Index Fund experienced a 1% increase in share counts, from 2,376,356 shares in Q4 2022 to 2,393,409 shares in Q1 2023. The value of the shares held also increased by 4.4%, from $92,630,000 to $96,693,000.

Bridges Investment Fund Inc.

Bridges Investment Fund, a fund managed by Bridges Investment Management, experienced a 7% decrease in share counts, from 1,308,548 shares in Q4 2022 to 1,217,422 shares in Q1 2023. The value of the shares held increased by 3.7%, from $91,127,000 to $94,532,000.

Mastercard Inc.

Mastercard Inc. experienced a 3.4% decrease in share counts, from 251,804 shares in Q4 2022 to 244,313 shares in Q1 2023. However, the value of the shares held increased by 1.4%, from $87,559,000 to $88,785,000.

Alphabet Inc.

Alphabet Inc., Google's parent company, experienced a 0.6% increase in share counts, from 813,273 shares in Q4 2022 to 818,423 shares in Q1 2023. The value of the shares held increased by 18.3%, from $71,755,000 to $84,895,000.

Amazon.com Inc.

Amazon.com Inc. experienced an increase in share counts of 5.4%, from 679,772 shares in Q4 2022 to 716,800 shares in Q1 2023. The value of the shares held increased by 29.7%, from $57,100,000 to $74,038,000.

Old Dominion Freight Line Inc.

Old Dominion Freight Line Inc. experienced a 0.3% decrease in share counts, from 146,897 shares in Q4 2022 to 146,438 shares in Q1 2023. However, the value of the shares held increased by 19.7%, from $41,686,000 to $49,911,000.

Conclusion

Bridges Investment Management underwent significant changes in its holdings from Q4 2022 to Q1 2023. The company's top holdings experienced a mix of increases and decreases in share counts and values, reflecting the fluidity of the stock market. These changes could be attributed to various factors, such as market volatility, company performance, and changes in investor sentiment. Nevertheless, Bridges Investment Management's portfolio remains a well-balanced mix of domestic and foreign investments, aiming to provide optimal returns for its investors.