Comparison of SM Asset Management's Q3 vs. Q4 2022 13F Holdings: Insights and Analysis

Summary of Q3 2022 vs. Q4 2022 SM Asset Management 13F Holdings Comparison

It is essential for investors to keep track of their investments, as well as the changes made in their portfolio managers' holdings. This helps them stay up-to-date with the market trends, increasing their chances of making informed decisions when buying or selling stock. In this article, we will examine the changes made in Security Asset Management's holdings in the third quarter of 2022 compared to the fourth quarter of 2022 by analyzing the 13F Holdings Comparison CSV provided above.

Apple Inc. (AAPL)

According to the report, Security Asset Management reduced its holdings in Apple Inc. by 6.5% in Q4 2022 despite the fact that the stock remained one of the top holdings in the fund. Although Apple's stock increased by 18% in 2021, investors were still concerned about short-term risks such as supply chain disruptions, which may have impacted the decision to reduce the holdings.

Danaher Corporation (DHR)

The report also shows that Security Asset Management reduced its holdings in Danaher Corporation by 2%, although the decrease is small. The company is primarily involved in the production of life science, diagnostics, and other analytical equipment. This decision may have been made because Danaher Corporation's sales were lower than initially anticipated.

JPMorgan Chase & Co. (JPM)

Security Asset Management increased its holdings in JPMorgan Chase & Co. by 32.9%, making it one of the top holdings in the fund. This increase in holdings may have been influenced by the bank's positive earnings reports, management changes, regulatory headwinds, and various market trends. JPMorgan Chase & Co.'s stock surged by over 30% in 2021, contributing to the fund's growth.

Mastercard Incorporated (MA)

Security Asset Management increased its holdings in Mastercard Incorporated by 22.7%. This move may have been prompted by various market trends that show continued growth in the digital payments industry. As customers shift to buying goods and services online, Mastercard has continued to grow, making it an attractive investment opportunity for the fund.

BlackRock Inc. (BLK)

Although Security Asset Management reduced its holdings in BlackRock Inc. by 28.2%, it remained one of the top holdings in the fund. Institutions may have sold the stock due to concerns over the Securities and Exchange Commission (SEC) reviewing the asset management industry's energy investments.

Roper Technologies Inc. (ROP)

The report shows that Security Asset Management reduced its holdings in Roper Technologies Inc. by 19.3%. Roper Technologies is a diversified technology company that provides software, laboratory equipment, and other technologies across various industries. The reduction of holdings may have been caused by a temporary decline in the company's earnings or the performance of its broad-based industrial solutions.

Microsoft Corporation (MSFT)

Security Asset Management reduced its holdings in Microsoft Corporation by 0.4%. However, despite the small decrease, Microsoft remained one of the top holdings in the fund. Microsoft's stock has performed well in 2021, driven by increasing demand for cloud computing and remote work.

Alphabet Inc. (GOOG/GOOGL)

Security Asset Management reduced its holdings in Alphabet Inc. (GOOG) by 7.6% and (GOOGL) by 7.8%. The primary drivers of this reduction could be anti-trust scrutiny, regulatory headwinds, and the declining revenue-per-user of the company's online search engine.

Conclusion

Security Asset Management's Q3 2022 vs. Q4 2022 13F Holdings comparison displayed the changes made to the fund's holdings and the reasons behind Security Asset Management's decisions to increase or decrease holdings in specific stocks. As shown, Security Asset Management has taken measures to diversify the fund's holdings, which is an essential risk management strategy. As we continue to navigate the evolving financial markets, keeping track of investment trends, analyzing historical stock performance, and keeping up-to-date on industry news is critical.