Crewe Advisors' Q3-Q4 2022 13F Holdings Comparison Reveals Shifts in Investment Strategy

Crewe Advisors LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Crewe Advisors LLC, a registered investment advisor based in New York City, recently released their third-quarter 13F filing with the SEC, detailing their holdings as of September 30, 2022. The firm’s fourth-quarter filing reveals changes and adjustments made to their portfolio between the end of Q3 and December 31, 2022. The comparison shows a number of interesting trends and insights into the firm’s investment strategy.

In Q3 2022, Crewe Advisors held shares in a total of 39 companies, with a total value of just over $1.2 million. By the end of Q4 2022, the number of companies in the firm’s portfolio had decreased to 35, with a total value of just over $1 million. This represents a decrease of approximately 16% in the number of companies, and a decrease of approximately 14% in the total value of the portfolio.

One of the most significant changes in holdings was in the Ensign Group Inc (ENSG). The firm held 1,217,103 shares of ENSG in Q3, but this decreased to 1,207,157 shares by the end of Q4. The value of these shares also decreased significantly, from $96,760,000 in Q3 to $11,420,000 in Q4 – a decrease of approximately 88%. This suggests that the firm has reduced its exposure to ENSG, possibly due to concerns about the stock’s performance or changes in the firm’s investment strategy.

In contrast, there were several companies in which the firm increased their holdings during this period. The holdings in Ishares Tr (IVV) increased by approximately 7% from Q3 to Q4, while SPDR S&P 500 ETF TR (SPY) increased by approximately 7.1%. The holdings in ISHARES TR (IJH) increased by 11.1%, while holdings in Vanguard World FD (ESGV) increased by 3%. The biggest increase in holdings, however, was in Vanguard World FDS (VSGX), which increased by approximately 14.3%.

The firm’s holdings in technology giants Microsoft Corp (MSFT), Google’s parent company Alphabet Inc (GOOG and GOOGL), and Apple Inc (AAPL) all decreased during the Q3 to Q4 period. The largest decrease was in Tesla Inc (TSLA), with the firm reducing its holdings by approximately 54.2%. These decreases may suggest that the firm is adopting a more cautious approach to technology stocks, or that they are shifting their focus to other areas of the market.

One area where the firm seems to be increasing its focus is in the financial sector. Holdings in Chevron Corp (CVX) increased by approximately 28.3%, while holdings in American Express Co (AXP) increased by approximately 10.3%. The firm also increased its holdings in several bank and financial services companies, including JP Morgan Chase & Co (JPM) and Schwab Strategic TR (SCHD and SCHX), suggesting that they see potential for growth in this sector in the coming year.

Overall, the Q3 to Q4 comparison of Crewe Advisors’ 13F filings reveals a number of interesting changes in holdings and investment strategy. The firm appears to be reducing its exposure to some technology stocks while increasing its holdings in the financial sector. It remains to be seen how these changes will affect the firm’s performance in the coming year, but the 13F filings offer valuable insights into the firm’s investment decisions and approach. As always, investors should carefully consider any potential investments and conduct their own research before making any decisions.