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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 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.

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