Cohen Klingenstein LLC Q1 2023 vs. Q2 2023: Analyzing Changes in 13F Holdings

Introduction:

Investment firms are required to file quarterly reports known as 13F filings with the Securities and Exchange Commission (SEC). These reports provide insights into the holdings of various funds, allowing investors and the public to understand the investment strategies and interests of these firms. In this article, we will focus on the changes in holdings of Cohen Klingenstein LLC between the first quarter (Q1) and the second quarter (Q2) of 2023.

Key Findings:

1. Cohen Klingenstein LLC saw a slight decrease in its overall holdings, with a 0.8% decrease in the total value of its holdings.

2. Notable Decreases: Several companies witnessed a decrease in the number of shares held by Cohen Klingenstein LLC, including Comcast Corp Cl A (CL) with a 0.2% decrease, FedEx Corp (FDX) with a 3.8% decrease, and Netflix Inc (NFLX) with a significant decrease of 54.8%.

3. Notable Increases: Despite the overall decrease, some companies experienced increased interest from Cohen Klingenstein LLC. Nvidia Corp (NVDA) saw a substantial increase of 65.5%, followed by Microsoft Corp (MSFT) with a 18.1% increase and Alphabet Class A (GOOGL) with a 15.4% increase.

4. Diverse Portfolio: Cohen Klingenstein LLC maintains a well-diversified portfolio, with holdings in various sectors, including technology, finance, healthcare, and consumer goods.

Detailed Analysis:

1. Standard Poors DR (SPY):

Cohen Klingenstein LLC slightly decreased its holdings of Standard Poors DR (SPY) by 1.5%, from 759,150 shares in Q1 to 747,456 shares in Q2.

2. iShares Russell 2000G (IWO):

There was no change in Cohen Klingenstein LLC's holdings of iShares Russell 2000G (IWO), with 574,055 shares held in both Q1 and Q2.

3. Apple Inc (AAPL):

Cohen Klingenstein LLC maintained its position in Apple Inc (AAPL) with 677,586 shares held in both Q1 and Q2.

4. Invesco QQQ Trust (QQQ):

There was a slight decrease of 0.7% in Cohen Klingenstein LLC's holdings of Invesco QQQ Trust (QQQ), with 348,510 shares held in Q1 and 345,950 shares held in Q2.

5. Microsoft Corp (MSFT):

Cohen Klingenstein LLC increased its holdings of Microsoft Corp (MSFT) by 18.1%, from 327,500 shares in Q1 to 327,500 shares in Q2.

6. Vanguard Small-Cap Growth ETF (VBK):

Cohen Klingenstein LLC saw a modest increase of 1.3% in its holdings of Vanguard Small-Cap Growth ETF (VBK), from 345,759 shares in Q1 to 350,071 shares in Q2.

7. Amazoncom (AMZN):

Cohen Klingenstein LLC slightly decreased its holdings of Amazoncom (AMZN) by 0.7%, from 617,620 shares in Q1 to 613,590 shares in Q2.

8. PepsiCo Inc (PEP):

There was a marginal decrease of 1.1% in Cohen Klingenstein LLC's holdings of PepsiCo Inc (PEP), with 395,428 shares held in Q1 and 391,238 shares held in Q2.

9. Eli Lilly (LLY):

Cohen Klingenstein LLC witnessed a decrease of 0.2% in its holdings of Eli Lilly (LLY), with 142,865 shares in Q1 and 142,566 shares in Q2.

10. Berkshire Hathaway B (BRK-B):

There was a minimal decrease of 0.1% in Cohen Klingenstein LLC's holdings of Berkshire Hathaway B (BRK-B), with 168,727 shares in Q1 and 168,542 shares in Q2.

Conclusion:

In conclusion, Cohen Klingenstein LLC experienced a slight decrease in its overall holdings between the first and second quarters of 2023. While there were decreases in some holdings, the firm also displayed an increased interest in certain companies. The fluctuations in the holdings of Cohen Klingenstein LLC highlight its dynamic investment approach and the continuous evaluation of market opportunities. These quarterly reports offer valuable insights for investors and analysts, allowing them to make informed decisions based on the activities of major investment firms like Cohen Klingenstein LLC.