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Cordasco Financial Network Q1-2 2022 13F Holdings Comparison: Top Performers and Underperformers

Ava Hoppe | 22 April, 2023

The Cordasco Financial Network has released its Q1 2022 vs. Q2 2022 13F Holdings Comparison, which summarizes the changes in holdings of the fund during the quarter. The report provides investors with valuable insight into the portfolio's performance and highlights the top holdings that have performed well and those that have underperformed.

The report includes data on the change in the fund's holdings of various stocks and their corresponding share value and market value over the first two quarters of 2022. It details the stocks that have seen the most significant changes in the fund's holdings and percentage changes, providing investors with a useful tool for monitoring portfolio changes and adjusting their investment strategies.

The top holdings of the Cordasco Financial Network fund include iShares TR (NYSEARCA:IWB), iShares TR (NYSEARCA:IWM), Prologis Inc. (NYSE:PLD), Lockheed Martin Corp (NYSE:LMT), and Apple Inc. (NASDAQ:AAPL) among others. These stocks have performed well over the last two quarters and have contributed positively to the fund's overall performance.

However, several holdings have underperformed in Q2 2022. These are Altria Group Inc. (NYSE:MO), Microchip Technology Inc. (NASDAQ:MCHP), and Verizon Communications Inc. (NYSE:VZ). These stocks have experienced a decline in value, which has negatively impacted the fund's overall performance.

One of the top performers in Q2 2022 was Peabody Engr Corp (NYSE:BTU), whose share value increased by 104.9%, turning out to be the fund's best-performing stock for the quarter. The share value of ABBVIE INC (NYSE:ABBV) and Merck & Co Inc (NYSE:MRK) also increased, by 13.7% and 13.3%, respectively, contributing positively to the fund's performance.

On the other hand, some stocks saw a significant decline in the fund's holdings, including Keycorp (NYSE:KEY), whose share value fell by 52.8% and Corteva Inc (NYSE:CTVA), whose shares declined by 5.8%.

The stock with the largest holdings in the Cordasco Financial Network fund is iShares TR (NYSEARCA:AGG), followed by Digital Rlty Tr Inc (NYSE:DLR) and Truist Finl Corp (NYSE:TFC).

It is worth noting that the Cordasco Financial Network fund saw a decrease in its overall portfolio value between Q1 2022 and Q2 2022, with a 17.6% drop in the fund's IWB holdings and a 16.1% drop in IWM holdings. The holdings of iShares TR (NYSEARCA:IWV), which comprises mainly of small and mid-cap stocks in the US, also dropped by 16%.

On the other hand, the holdings of some stocks increased significantly, including Prologis Inc. (NYSE:PLD), whose holdings surged by 25.2%. Williams Cos Inc (NYSE:WMB) also saw a 2.5% increase in holdings, and Truist Finl Corp (NYSE:TFC) increased by 16.3%, which is a positive trend for the fund.

In conclusion, the Cordasco Financial Network Q1 2022 vs. Q2 2022 13F Holdings Comparison provides investors with insights into the fund's performance and top-performing and underperforming sectors. The report is a valuable tool for investors who want to monitor their portfolio changes and adjust their investment strategies accordingly. However, investors should do their due diligence before making investment decisions based solely on this report.

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