Centre Asset Management, LLC Q1 2023 vs. Q2 2023: A Major Shake-Up in Fund Holdings

Apple Inc, Microsoft Corp, and Amazon.com Inc Lead the Way with Significant Changes in Holdings

In the dynamic world of investment management, staying on top of the latest trends and shifts in holdings is crucial. Recently, Centre Asset Management, LLC released its Q1 2023 vs. Q2 2023 13F Holdings Comparison, revealing some fascinating insights into the changing landscape of the fund's investments. In this article, we will explore the top movers and shakers, highlighting the companies that experienced substantial shifts in their holdings.

Apple Inc (AAPL) emerged as the standout performer in the comparison, with its holdings skyrocketing from 146,396 shares in Q1 2023 to an impressive 171,826 shares in Q2 2023. This increase of 25,430 shares represents a significant leap and indicates bullish sentiment towards the tech giant. The value of Centre Asset Management's holdings in Apple Inc also jumped from $24,141,000 to $33,000—an exceptional growth rate.

Following closely behind, Microsoft Corp (MSFT) experienced a substantial increase in holdings, jumping from 70,570 shares in Q1 2023 to 86,434 shares in Q2 2023. This change reflects the growing confidence in the company and its prospects. The value of Centre Asset Management's holdings in Microsoft Corp also surged from $20,345,000 to $29,000—another remarkable surge.

Amazon.com Inc (AMZN), the e-commerce giant, also witnessed a significant boost in its holdings. Centre Asset Management added 68,115 shares, increasing its stake from 81,168 shares in Q1 2023 to a whopping 195,283 shares in Q2 2023. This change indicates a strong belief in the future growth and continued dominance of Amazon in the retail space.

Alphabet Inc (GOOGL), the parent company of Google, experienced a more conservative increase in holdings, rising from 118,026 shares to 131,324 shares. Although not as substantial as other stocks, this shift still represents a promising outlook for the tech giant. Similarly, Medtronic PLC (MDT) saw a slight increase in holdings, going from 138,353 shares to 142,127 shares.

NVIDIA Corp (NVDA) and Clorox Co (CLX) are two more companies whose stocks witnessed moderate increases in Centre Asset Management's holdings. NVIDIA Corp's holdings increased from 13,294 shares to 28,921 shares, while Clorox Co's holdings rose from 75,018 shares to 76,826 shares.

Moving onto the consumer goods sector, Altria Group Inc (MO) experienced a marginal increase in holdings from 259,351 shares to 265,569 shares. Similarly, Zimmer Biomet Holdings Inc (ZBH) saw a modest rise in holdings, going from 74,261 shares to 81,422 shares.

Molson Coors Beverage Co (TAP) and Ingredion Inc (INGR) were two other noteworthy stocks with increases in Centre Asset Management's holdings. Molson Coors Beverage Co saw its holdings grow from 158,618 shares to 163,108 shares, while Ingredion Inc witnessed holdings increase from 73,593 shares to 101,187 shares.

While the above-mentioned companies experienced positive shifts in holdings, there were also notable decreases in some stocks. Boston Beer Company Inc (SAM) and Corteva Inc (CTVA) saw the most prominent declines in Centre Asset Management's holdings, with a decrease of 28,083 shares and 28,979 shares, respectively. Other companies, such as JPMorgan Chase & Co (JPM) and Chevron Corp (CVX), also witnessed marginal decreases in holdings.

These changes in holdings paint a vivid picture of the ever-evolving investment landscape. Centre Asset Management's Q1 2023 vs. Q2 2023 13F Holdings Comparison highlights the fund's confidence in the technology sector, with Apple Inc, Microsoft Corp, and Amazon.com Inc leading the pack. However, it's worth noting that the market can be unpredictable, and investment decisions should be made with careful consideration of one's individual financial goals.

Disclaimer: The information in this article is based on Centre Asset Management, LLC's Q1 2023 vs. Q2 2023 13F Holdings Comparison. The information should not be construed as financial advice or a recommendation to buy or sell securities.