Eagle Ridge Investment Management Q4 2022 vs. Q1 2023 13F Holdings Comparison

Eagle Ridge Investment Management is a diverse investment firm that manages assets for various institutional and individual clients. The firm's investment philosophy is predicated on delivering superior returns by investing in high-quality businesses that are trading at attractive valuations. In this article, we'll take a closer look at Eagle Ridge Investment Management's 13F holdings comparison report for Q4 2022 and Q1 2023.

Eagle Ridge Investment Management's Q4 2022 holdings

In Q4 2022, Eagle Ridge Investment Management made some significant changes to its portfolio. The firm increased its holdings in Microsoft Corp (MSFT) by 1.7%, bringing its total holding to 151,623 shares and a value of $36,362,000. However, the firm decreased its holdings in UnitedHealth Group Inc (UNH) by 11.1%, reducing its total holding to 68,429 shares and a value of $36,279,000.

Eagle Ridge Investment Management's Q1 2023 holdings

In Q1 2023, Eagle Ridge Investment Management made some notable changes to its portfolio. The firm increased its holdings in Broadcom Inc (AVGO) by a staggering 94.8%, bringing its total holding to 27,845 shares and a value of $30,321,000. Additionally, the firm increased its holdings in Meta Platforms Inc (META) by 81.9%, bringing its total holding to 91,832 shares and a value of $20,102,000.

Comparison of Q4 2022 and Q1 2023 holdings

Overall, Eagle Ridge Investment Management's portfolio saw positive growth between Q4 2022 and Q1 2023. The firm increased its total holdings from $523,786,000 to $555,324,000, an increase of 6%. The firm's biggest gainers were Broadcom Inc (AVGO), Meta Platforms Inc (META), and Norfolk Southern Corp (NSC), with their holdings increasing by 94.8%, 81.9%, and 78.1%, respectively.

However, the firm's holdings in Public Storage (PSA), The Charles Schwab Corporation (SCHW), and Johnson & Johnson (JNJ) decreased by 68.4%, 37.1%, and 13.1%, respectively.

Conclusion

In conclusion, Eagle Ridge Investment Management's Q4 2022 vs. Q1 2023 13F holdings comparison report showed that the firm's portfolio experienced positive growth. The firm increased its total holdings and made notable increases in companies such as Broadcom Inc (AVGO) and Meta Platforms Inc (META). However, the firm decreased its holdings in some companies, including Public Storage (PSA), The Charles Schwab Corporation (SCHW), and Johnson & Johnson (JNJ). This report provides insight into Eagle Ridge Investment Management's investment strategy and highlights some of the portfolio changes that the firm made over the quarter.