Brown Advisory's Q4 2022 13F Filings: Notable Changes in Fund Holdings

In the world of investing, fund holdings can fluctuate significantly from one quarter to the next. Brown Advisory Inc's recently released 13F filings comparing their Q3 2022 holdings to their Q4 2022 holdings are a perfect example of this.

The 13F filings cover holdings in publicly-traded companies, revealing the fund's investments, and provide an insight into the fund manager's strategy. From these filings, we can see how the fund's holdings have changed from Q3 to Q4 2022. Here are the notable changes that caught our attention.

Microsoft: Let's begin with the biggest holding of the fund, Microsoft. The fund held 10.8 million shares in Q3 and decreased its holdings by 5% to 10.3 million shares in Q4. In terms of value, the holdings dropped from $2.5 billion to $2.4 billion during the same period.

Visa: The second-largest holding of the fund, Visa, also witnessed a decrease of around 12%, from 7.7 million shares in Q3 to 7.4 million shares in Q4. However, its value appreciated from $1.37 billion to $1.53 billion during the same period.

Mastercard: The fund's holdings in Mastercard also decreased, falling from 4 million shares in Q3 to 3.9 million shares in Q4. However, the value of the holdings increased from $1.14 billion to $1.37 billion – up 19.5%.

Intuit: Intuit's holdings were down by 6% in Q4, with the fund holding 3.29 million shares compared to 3.51 million shares in Q3. The value of the holdings was down by nearly 6%, from $1.36 billion to $1.28 billion.

Thermo Fisher Scientific: The fund decreased its holdings in Thermo Fisher Scientific by 9% in Q4, with the number of shares declining from 2.2 million to 2 million. The value of the holdings decreased by 0.8% during the same period.

Alphabet (Google): The 13F filings showed that there was a decrease in Alphabet's holdings in Q4, with the fund holding 11.6 million shares compared to 11.8 million shares in Q3. The value of the holdings declined by 8.3%, from $1.13 billion to $1.03 billion.

UnitedHealth Group: The fund decreased its holdings in UnitedHealth Group by around 6.6% in Q4, holding 1.9 million shares valued at $999,029 compared to 2.1 million shares valued at $1.07 billion in Q3.

Amazon.com: Amazon.com's holdings were down by a substantial 21.3% from 10.2 million in Q3 to 10.8 million shares in Q4. The value of the holdings decreased from $1.15 billion to $907 million during the same period.

Autodesk: The fund decreased its holdings in Autodesk by 4.7%, holding 4.71 million shares in Q4 compared to 4.95 million shares in Q3. However, the value of the holdings declined by only 4.3%, from $925 million to $882 million.

ServiceNow: The fund decreased its holdings in ServiceNow by 4.3%, holding 2.2 million shares in Q4 compared to 2.38 million shares in Q3. The value of the holdings declined by the same percentage amounting to $859 million.

Adobe Systems: The fund's holdings in Adobe Systems increased by a significant 49.6% from 2.07 million shares in Q3 to 2.53 million shares in Q4. The value of the holdings was up by more than $282 million during the same period.

The 13F filings also revealed that Brown Advisory Inc initiated several new positions in Q4, including holdings in VIG, Otis Worldwide Corp, Enphase Energy Inc, and ChampionX Corporation. Meanwhile, they closed positions in Tanger Factory Outlet Centers, and ViacomCBS Inc.

Overall, the 13F filings show that the fund has made some significant changes to its holdings during the last quarter of 2022. Some holdings have decreased in value, and others have increased. By analyzing these changes, investors may gain some useful insights into the fund manager's strategy and outlook for the market. However, it's worth noting that the 13F filings are limited in their scope and only cover a fraction of the entire Brown Advisory Inc's portfolio.