Griffin Asset Management, Inc. Q3 2023 vs. Q4 2023 13F Holdings Comparison

The third and fourth quarters of 2023 have seen some interesting changes in the holdings of Griffin Asset Management, Inc. In this article, we will delve into the details of some key holdings and examine the reasons behind these changes.

One of the major shifts in holdings is with Universal Display Corp (OLED). In the third quarter of 2023, Griffin Asset Management held 517,560 shares of OLED, which decreased slightly to 511,630 shares in the fourth quarter. However, the value of these shares increased from $81,251,000 to $97,854,000. This represents a 20.4% increase in value despite a small decrease in the number of shares held.

Another notable change is with Apple Inc (AAPL). Griffin Asset Management held 194,887 shares of AAPL in Q3 2023, which decreased slightly to 192,100 shares in Q4 2023. However, there was a significant increase in the value of these shares from $33,366,000 to $36,985,000, reflecting a 10.8% increase in value.

Microsoft Corp (MSFT) also experienced a change in holdings. Griffin Asset Management held 81,029 shares of MSFT in Q3 2023, which increased to 81,695 shares in Q4 2023. The value of these shares also saw a substantial increase from $25,584,000 to $30,720,000, representing a 20.1% increase in value.

ASML Holding NV (ASML) witnessed a significant increase in both the number of shares held and their value. In Q3 2023, Griffin Asset Management held 17,947 shares of ASML, which increased to 19,608 shares in Q4 2023. The value of these shares also rose from $10,564,000 to $14,841,000, reflecting a notable 40.5% increase in value.

These are just a few examples of the changes in holdings experienced by Griffin Asset Management in the third and fourth quarters of 2023. There were several other stocks that witnessed similar shifts, some with increases and others with decreases in both shares held and their respective values.

It is important to note that these changes in holdings are a part of the 13F filings that institutional investment managers are required to submit. These filings provide insights into the investment strategies and portfolio changes of such managers. Investors and market analysts often analyze these filings to gain a deeper understanding of institutional buying and selling trends.

The reasons behind these changes in holdings can vary. Investment managers may choose to buy or sell stocks based on factors such as market trends, company performance, and potential growth opportunities. It is crucial for investors to stay informed about these changes and the underlying reasons behind them to make informed investment decisions.

It is worth mentioning that past performance is not indicative of future results. The stock market is dynamic, and these changes in holdings should not be seen as guarantees of future performance. Investors are advised to conduct thorough research and seek professional advice before making any investment decisions.

In conclusion, Griffin Asset Management experienced changes in holdings during the third and fourth quarters of 2023. These changes reflect the dynamic nature of the stock market and the investment strategies of institutional investment managers. Investors should stay updated with such changes and understand the underlying reasons behind them to make informed investment decisions.