Gateway Investment Advisers LLC Q1 2023 13F Filing Reveals Changes in Top Tech Stock Holdings

The recently released 13F filing for Gateway Investment Advisers LLC highlights a number of changes in the fund's holdings for Q1 2023 when compared to Q4 2022. This filing discloses the holdings of institutional investment managers with at least $100 million in assets under management. These disclosures require investment managers to disclose their long positions held at the end of each quarter.

One of the most notable changes in holdings is the decrease in shares of Apple Inc (AAPL) by 8.40% or 333,702 shares. Although they have reduced their holdings in AAPL, the value of the holding increased by 16.2% to $598,048,000, indicating that they still have confidence in the long-term prospects of the company.

Microsoft Corp (MSFT) also saw a reduction in shares by 6.5%, or 125,565 shares. However, the value of the holding increased by 12.4% to $525,075,000. This indicates that Gateway Investment Advisers LLC has maintained its view on the growth prospects of Microsoft.

Amazon.com Inc (AMZN) saw a similar situation with a decrease in shares by 6.9% or 163,094 shares, with the value of the holding increasing by 14.5% to $227,686,000. It’s worth noting that all the top tech firms continued to be a significant part of Gateway's portfolio.

Tesla Inc (TSLA), however, saw an increase in shares by 0.35% or 2,357 shares, with the value increasing to $138,861,000, up 69% from the previous quarter. This indicates that Gateway Investment Advisers LLC remains bullish on the electric vehicle and clean energy company.

Another top pick is NVIDIA Corporation (NVDA), with a 14.9% increase in value, moving up to $176,120,000. This is on account of a 8.5% increase in shares held by Gateway. NVIDIA is a leading provider of graphics processing units and system on a chip units for the gaming and professional market.

Some of the other notable changes in holdings include Procter and Gamble Co (PG), with a decrease of 13.3% in value and UnitedHealth Group Inc (UNH), with a decrease of 19.7% in value. On the other hand, Salesforce Inc (CRM), saw an increase in value by 112.5% as they added new shares.

The fund also took a new position in Linde Plc (LIN), which amounts to 129,723 shares, worth $46,108,000.

In terms of sectors, technology was the most significant focus for Gateway Investment Advisers LLC in Q1 2023 as most of the fund's top holdings were from this sector. The Consumer Discretionary sector is the second largest sector represented in the fund, due to stocks like Tesla, McDonald's, Lowes Cos and Booking Holdings, among others.

In conclusion, the 13F filing indicates that Gateway Investment Advisers LLC has made some changes to its portfolio in its latest quarter, but remains bullish on several key tech stocks. Their portfolio includes a mix of long-term growth companies, and stocks that have growth potential in the near term. As always, investors should conduct their own research before investing in any securities, and seek counsel from a qualified financial advisor to help navigate through the complexities of the financial markets.