Grimes & Company, Inc. Q2 2023 vs. Q3 2023: A Detailed Analysis of Holdings Changes

As the financial world continues to evolve, it is essential for investors and fund managers to keep a close eye on the performance and changes in fund holdings. Grimes & Company, Inc., a renowned investment firm, recently released its 13F holdings report for Q2 2023 and Q3 2023. This report provides valuable insights into the shifts in holdings and portfolio strategies of the company. In this article, we will delve into the highlights of the report and analyze the notable changes in the holdings of Grimes & Company, Inc.

ISHARES TR (Sym: IEFA) - 4.8% Decrease in Holdings

One of the significant changes in Grimes & Company, Inc.'s portfolio was the 4.8% decrease in holdings of ISHARES TR (IEFA). In Q2 2023, the firm held 3,806,870 shares of IEFA, which decreased to 3,803,251 shares in Q3 2023. The value of these holdings also declined from $256,963,000 to $244,739,000. This change indicates a slight shift in the company's investment strategy.

INVESCO EXCH TRADED FD TR II (Sym: BKLN) - 3.4% Increase in Holdings

On the other hand, Grimes & Company, Inc. increased its holdings in INVESCO EXCH TRADED FD TR II (BKLN) by 3.4%. The number of shares held jumped from 7,828,476 in Q2 2023 to 8,117,648 in Q3 2023. The value of these holdings also surged from $164,711,000 to $170,389,000. This increase reflects the company's confidence in the potential growth of BKLN.

VANGUARD SCOTTSDALE FDS (Sym: VCSH) - 1.7% Increase in Holdings

Grimes & Company, Inc. also demonstrated optimism in VANGUARD SCOTTSDALE FDS (VCSH) as it increased its holdings by 1.7%. The number of shares held rose from 2,103,473 in Q2 2023 to 2,153,760 in Q3 2023. Additionally, the value of these holdings increased from $159,148,000 to $161,855,000. This upward trend suggests that Grimes & Company, Inc. sees potential in VCSH and aims to capitalize on its growth.

SPDR SER TR (Sym: SJNK) - 2.1% Increase in Holdings

Another notable change in Grimes & Company, Inc.'s portfolio was the 2.1% increase in holdings of SPDR SER TR (SJNK). The number of shares held rose from 6,413,295 in Q2 2023 to 6,610,266 in Q3 2023. Moreover, the value of these holdings increased from $158,408,000 to $161,687,000. This increase indicates the company's continued interest in SJNK and its performance.

ISHARES TR (Sym: IWM) - 50.2% Decrease in Holdings

One of the most significant changes in Grimes & Company, Inc.'s portfolio was the 50.2% decrease in holdings of ISHARES TR (IWM). The number of shares held dropped drastically from 933,395 in Q2 2023 to 492,538 in Q3 2023. The value of these holdings also plummeted from $174,796,000 to $87,051,000. This substantial decrease suggests a shift in the company's strategy and reduced confidence in IWM's future growth prospects.

MICROSOFT CORP (Sym: MSFT) - 7.4% Decrease in Holdings

Grimes & Company, Inc. also reduced its holdings in MICROSOFT CORP (MSFT) by 7.4%. The number of shares held decreased from 168,202 in Q2 2023 to 167,926 in Q3 2023. Similarly, the value of these holdings declined from $57,279,000 to $53,022,000. This decrease might indicate a reallocation of resources or a change in the company's outlook for MSFT.

SELECT SECTOR SPDR TR (Sym: XLK) - 1017.7% Increase in Holdings

One of the most remarkable changes in Grimes & Company, Inc.'s portfolio was the 1017.7% increase in holdings of SELECT SECTOR SPDR TR (XLK). The number of shares held skyrocketed from 31,212 in Q2 2023 to 369,997 in Q3 2023. Furthermore, the value of these holdings jumped from $5,426,000 to $60,653,000. This substantial increase suggests strong confidence in XLK and its anticipated growth.

Conclusion

Grimes & Company, Inc.'s Q2 2023 vs. Q3 2023 13F holdings report reveals an interesting snapshot of the company's shifting investment strategies. While some holdings experienced decreases, such as ISHARES TR (IWM) and MICROSOFT CORP (MSFT), others witnessed notable increases, like SELECT SECTOR SPDR TR (XLK). These changes indicate the dynamic nature of the investment landscape and the company's ability to adapt its portfolio based on market conditions. Investors and financial enthusiasts can use this analysis as a starting point for further exploration and research into these companies and the sector as a whole.