Elite Wealth Management's Q4 2022 vs. Q1 2023 13F Holdings Comparison
Ava Hoppe | 14 May, 2023
Elite Wealth Management, Inc. recently released its 13F report for Q4 2022 and Q1 2023, showing several notable changes in its holdings. Let's take a closer look at the report and see which companies gained or lost favor with the firm.
MSFT and AAPL Held Steady
Microsoft Corp. and Apple Inc. managed to maintain their positions in Elite Wealth Management's portfolio, with the number of shares increasing only slightly from Q4 2022 to Q1 2023. The value of MSFT shares actually increased by 20.8%, while AAPL saw a more significant rise in value of 25.3%.
AMZN, GOOG, NVDA, and BABA on the Upswing
Amazon.com Inc., Alphabet Inc., NVIDIA Corporation, and Alibaba Group Holding Ltd all saw increased positions in Elite Wealth Management's portfolio for Q1 2023. AMZN gained 2.1% in value, while GOOG rose 15.6%, NVDA surged 89.7%, and BABA gained 14.4%. It's clear that the tech sector is still a critical focus for Elite Wealth Management.
Biggest Winners: XM, HYB, and DASH
The biggest gainers in Elite Wealth Management's Q1 2023 portfolio were Qualtrics International Inc., New Amer High Income Fund, and DoorDash Inc. XM surged by an impressive 88.4%, with HYB and DASH not far behind at 5.3% and 30.2%, respectively.
Biggest Losers: SH, PSQ, and INTC
The biggest losers in Elite Wealth Management's Q1 2023 portfolio, on the other hand, were ProShares Short S&P500, ProShares Short QQQ, and Intel Corp. with declines of -8.3%, -18.8%, and -8%, respectively.
Other Notable Changes
There were also several notable changes in other holdings, such as Exxon Mobil Corp. and NextEra Energy Inc., which both lost favor with Elite Wealth Management due to declining values. Meanwhile, DoorDash Inc. and PayPal Holdings Inc. saw significant increases in the number of shares held by the firm.
Overall, the Q4 2022 vs. Q1 2023 13F Holdings Comparison of Elite Wealth Management, Inc. shows a clear focus on the tech sector and a preference for growth stocks. As always, it's important to keep an eye on these changes to gain insight into current investment trends and strategies.
Other Posts
- Fenimore Asset Management Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison
- 13F Holdings Comparison: Hourglass Capital, LLC Q3 2022 vs. Q4 2022
- Broadtree Partners' Leading U.S. Government MPS Company Acquired by CenterGate Capital
- A Look at Greenwich Investment Management's Q3 vs. Q4 2022 Holdings
- Ridgemont Equity Partners Leads Recapitalization to Support National Power’s Growth
- All Terrain Financial Advisors: Q3 and Q4 2022 13F Holdings Comparison
- Cannell Capital LLC Q3 2022 vs. Q4 2022: A Breakdown of Top Holdings
- Investment Insights: Comparing Springowl Associates LLC's Q2 and Q3 2021 Holdings
- The Future is Green: Introducing Amanda Zeidler as Senior Director, Environment for White Pine Copper
- Exploring the Ebb and Flow: How Robinson Value Management, Ltd. Adapted its Portfolio Through Seasons