Everence Capital Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

In today's blog post, we will be analyzing the holdings of Everence Capital Management Inc, comparing their Q1 2023 holdings to their Q2 2023 holdings. 13F filings provide a valuable insight into the investments made by various funds, giving a glimpse into their portfolio and investment strategies. Let's dive deeper into the changes and analyze the performance of some of the key stocks held by Everence Capital Management Inc.

Apple Inc (AAPL): No Change in Holdings

Everence Capital Management Inc maintained the same number of shares in Apple Inc, with 399,198 shares in Q1 2023 and 399,198 shares in Q2 2023. The value of the holdings increased from $65,828,000 to $70,758,000, representing a 7.5% change. Despite no change in shares, the value of the holdings increased, reflecting the growth in Apple's market valuation.

Microsoft Corporation (MSFT): No Change in Holdings

Similar to Apple Inc, Everence Capital Management Inc also held the same number of shares in Microsoft Corporation in both quarters, with 210,098 shares. However, the value of these holdings increased from $60,571,000 to $68,994,000, indicating a 13.9% change. Microsoft's strong performance in the market contributed to the increase in the value of the holdings.

Praxis Impact Bond I: Slight Decrease in Holdings

Everence Capital Management Inc experienced a minimal decrease in holdings for Praxis Impact Bond I, from 7,269,886 shares in Q1 2023 to 7,303,519 shares in Q2 2023. Despite the decrease in shares, the value of the holdings remained relatively stable, decreasing slightly from $68,046,000 to $67,850,000, indicating a -0.3% change.

Praxis Intl Index I: Slight Decrease in Holdings

Similar to Praxis Impact Bond I, Everence Capital Management Inc also saw a slight decrease in holdings for Praxis Intl Index I. The number of shares decreased from 3,365,234 in Q1 2023 to 3,373,112 in Q2 2023. Although the number of shares decreased, the value of the holdings remained relatively stable, decreasing slightly from $39,811,000 to $39,196,000, indicating a -1.5% change.

Praxis Growth Index I: Increase in Holdings

Everence Capital Management Inc witnessed an increase in holdings for Praxis Growth Index I. The number of shares increased from 1,123,760 in Q1 2023 to 1,127,054 in Q2 2023. This increase in shares also led to an increase in the value of the holdings, from $36,286,000 to $37,892,000, indicating a 4.4% change.

Praxis Value Index I: Slight Decrease in Holdings

Similar to the previous funds, Everence Capital Management Inc experienced a slight decrease in holdings for Praxis Value Index I. The number of shares decreased from 2,192,076 in Q1 2023 to 2,198,824 in Q2 2023. However, the value of the holdings remained relatively stable, decreasing slightly from $34,657,000 to $34,587,000, indicating a -0.2% change.

It is evident from the analysis that Everence Capital Management Inc has made strategic changes in their holdings, with some funds experiencing slight decreases in holdings and others witnessing increases. This shows their active approach to portfolio management and adapting to market conditions.

Let's now shift our focus to some of the individual stocks held by Everence Capital Management Inc and analyze their performance in Q1 2023 compared to Q2 2023.

Amazon.com Inc (AMZN): Significant Increase in Holdings

Everence Capital Management Inc significantly increased its holdings in Amazon.com Inc, from 214,930 shares in Q1 2023 to 259,160 shares in Q2 2023. This increase in shares also led to a significant increase in the value of the holdings, from $22,200,000 to $25,916,000, indicating a 16.7% change. The strong performance of Amazon.com Inc in the e-commerce and cloud computing sectors likely influenced this decision.

NVIDIA Corp (NVDA): Slight Decrease in Holdings

Everence Capital Management Inc experienced a slight decrease in holdings for NVIDIA Corp, with the number of shares decreasing from 62,766 in Q1 2023 to 62,576 in Q2 2023. Despite the decrease in shares, the value of the holdings increased from $17,435,000 to $23,675,000, indicating a 35.8% change. NVIDIA Corp's dominance in the graphics processing unit market and its potential in artificial intelligence likely influenced this decision.

Alphabet Inc Class A (GOOGL): Significant Increase in Holdings

Everence Capital Management Inc significantly increased its holdings in Alphabet Inc Class A, from 156,720 shares in Q1 2023 to 192,560 shares in Q2 2023. This increase in shares also led to a significant increase in the value of the holdings, from $16,257,000 to $19,256,000, indicating an 18.4% change. Alphabet Inc's strong performance in the advertising and technology sectors likely influenced this decision.

These are just a few examples of the changes in holdings made by Everence Capital Management Inc. The fund's strategic approach to investing, actively managing their portfolio, and adapting to market conditions are key factors contributing to their success. It will be interesting to monitor their future moves and see how their portfolio evolves in the coming quarters.