Douglas Lane & Associates, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

NVIDIA Takes the Lead, While Boeing Slides: A Look at Douglas Lane & Associates' Q2 2023 vs. Q3 2023 13F Holdings

Over the past few years, 13F filings have become increasingly important for investors, providing valuable insights into the holdings and activities of institutional investors. These quarterly reports offer a glimpse into the portfolios of some of the most influential fund managers, giving retail investors a chance to see what stocks these experts are buying and selling.

In this article, we'll take a closer look at the Q2 2023 vs. Q3 2023 13F holdings comparison of Douglas Lane & Associates, LLC. With their extensive experience and deep knowledge of the market, Douglas Lane & Associates is known for making strategic investment decisions that align with the objectives of their clients.

Let's dive into the data and explore the changes in holdings made by Douglas Lane & Associates over this period.

NVIDIA Corporation (NVDA) - A Strong Performer

One of the standout performers in Douglas Lane & Associates' portfolio was NVIDIA Corporation (NVDA). In the second quarter of 2023, the fund held 443,155 shares of NVDA, with a value of $187,463,000. However, in the third quarter of 2023, the number of shares held by the fund dropped to 377,671, with a value of $164,283,000. This represents a decrease of 12.4% in the number of shares and a decrease of 12.4% in the total value.

Despite the decrease in holdings, NVIDIA continues to be an attractive investment. The company is a leader in the semiconductor industry and has been at the forefront of technological advancements in areas such as artificial intelligence, gaming, and data centers.

Microsoft Corporation (MSFT) - Weathering the Storm

Microsoft Corporation (MSFT) is another notable holding in Douglas Lane & Associates' portfolio. In the second quarter of 2023, the fund held 508,576 shares of MSFT, with a value of $173,190,000. Despite a slight decrease in the number of shares held, with 485,088 shares in the third quarter of 2023, the value increased to $153,166,000, representing a decrease of 11.6% in the number of shares held and a decrease of 11.6% in the total value.

Microsoft remains one of the most influential companies in the technology sector, with its strong presence in cloud computing, productivity software, and gaming. The company's robust financials and consistent growth make it an attractive investment option.

The Decline of Boeing (BA)

On the other hand, Boeing (BA) witnessed a decline in its holdings by Douglas Lane & Associates. In the second quarter of 2023, the fund held 1,246,947 shares of BA, with a value of $148,762,000. However, in the third quarter of 2023, the number of shares held by the fund dropped to 1,174,716, with a value of $142,062,000. This represents a decrease of 5.8% in the number of shares and a decrease of 5.8% in the total value.

The decline in Boeing's holdings can be attributed to various factors, including the ongoing challenges faced by the aviation industry, supply chain disruptions, and the company's struggles to recover from the grounding of its 737 MAX aircraft.

Other Notable Changes

Douglas Lane & Associates also made some interesting moves with other holdings in their portfolio.

Charter Communications Inc. (CHTR) saw an increase in its holdings, with the fund holding 245,064 shares in the second quarter of 2023 and 254,696 shares in the third quarter of 2023. The total value also increased from $90,029,000 to $112,020,000, representing a significant increase of 24.4%.

In contrast, Bristol-Myers Squibb Co (BMY) experienced a decrease in its holdings. The fund held 1,706,637 shares of BMY in the second quarter of 2023, with a value of $109,139,000. However, in the third quarter of 2023, the number of shares held dropped to 1,733,498, with a value of $100,612,000, representing a decrease of 7.8% in the number of shares and a decrease of 7.8% in the total value.

Key Takeaways

Analyzing 13F filings can provide valuable insights into the investment strategies of well-known fund managers. In the case of Douglas Lane & Associates, the recent changes in their portfolio highlight their focus on companies in the technology and communication sectors.

While holdings in companies like NVIDIA and Microsoft have seen decreases, they remain attractive long-term investments due to their industry dominance and consistent growth. On the other hand, holdings in Boeing faced a decline, reflecting the challenges faced by the aviation industry.

It's important to note that 13F filings are typically released several weeks after the end of each quarter, so they may not reflect the most up-to-date positions of fund managers.

Investors should always conduct thorough research and consider their individual investment goals and risk tolerance before making any investment decisions based on 13F filings.

In conclusion, Douglas Lane & Associates' Q2 2023 vs. Q3 2023 13F holdings comparison provides valuable insights into the changes made by the fund manager. While some holdings have seen decreases, others have shown promise and continued growth. As always, investors should carefully analyze the data and conduct their due diligence before making any investment decisions.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.