BTC Capital Management's Q4 2022 vs. Q1 2023 Portfolio Holdings Comparison: Analysis and Trends

BTC Capital Management, Inc. is a registered investment advisor that manages a variety of investment products for clients. One of these investment products is a fund that invests in a range of equities, including stocks from companies like Apple, Microsoft, and Alphabet.

Over the course of the last two quarters, BTC Capital Management's holdings in these companies have changed significantly. In this blog post, we will summarize those changes by analyzing the Q4 2022 vs. Q1 2023 13F holdings comparison CSV provided by the company.

Vanguard BD Index Funds (BND) experienced a 15% increase in holdings between Q4 2022 and Q1 2023. During Q4 2022, BTC Capital Management held 523,780 shares of the company, while during Q1 2023, it held 586,101 shares. The value of these holdings increased from $37,628,000 to $43,271,000.

Apple (AAPL) and Microsoft (MSFT), two of the most popular technology stocks, also experienced an increase in holdings. Between Q4 2022 and Q1 2023, BTC Capital Management's holdings in Apple increased by 27.4% (from 242,702 shares to 244,466 shares) and in Microsoft by 19.8% (from 115,765 shares to 115,610 shares). The value of these holdings increased from $31,666,000 to $40,336,000 for Apple and from $27,837,000 to $33,336,000 for Microsoft.

BTC Capital Management also increased its holdings in ISHARES TR (EFA) by 21.3% (from 306,186 shares to 345,443 shares), ISHARES TR (IWF) by 14.3% (from 79,045 shares to 79,100 shares), ISHARES TR (IWB) by 26.1% (from 76,343 shares to 82,179 shares), and Alphabet (GOOGL) by 21.5% (from 153,390 shares to 159,665 shares).

On the other hand, BTC Capital Management decreased its holdings in JPMorgan Chase & Co (JPM) by 2.1% (from 99,698 shares to 100,739 shares), ISHARES TR (IWD) by 4.3% (from 88,218 shares to 84,016 shares), Procter and Gamble Co (PG) by 3.6% (from 86,615 shares to 85,686 shares), and Johnson & Johnson (JNJ) by 11.1% (from 79,760 shares to 80,940 shares).

The fund's holdings in Chevron Corp New (CVX) decreased significantly by 28.9% (from 86,557 shares to 67,784 shares), and the value of these holdings decreased from $15,536,000 to $11,050,000. BTC Capital Management also decreased its holdings in Vanguard Intl Equity Index F (VWO) by 17.5% (from 322,573 shares to 258,112 shares), CVS Health Corp (CVS) by 16.7% (from 68,731 shares to 71,994 shares), and Emerson Elec Co (EMR) by 29.6% (from 65,651 shares to 50,925 shares).

In addition to the companies listed above, BTC Capital Management also increased its holdings in Amazon Com Inc (AMZN) by 26.4%, NVIDIA Corporation (NVDA) by 86.4%, Tesla Inc (TSLA) by 88.1%, and Meta Platforms Inc (META) by 71%. These increases demonstrate the fund's bullish outlook on the potential future growth of these companies.

Overall, the Q4 2022 vs. Q1 2023 13F holdings comparison for BTC Capital Management's fund indicates that the company has been actively managing its portfolio, increasing holdings in some companies while decreasing them in others. These changes reflect the company's continued effort to optimize its holdings in order to maximize returns for its clients.