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Growing Your Wealth: Everence Capital Management's Quarterly Holdings Comparison

Ava Hoppe | 6 May, 2023

As an investor, it's essential to keep an eye on the holdings of funds you invest in or are considering investing in, as they are a reflection of the managers' strategy and vision. Everence Capital Management is a faith-based investment management firm dedicated to values-aligned investing for individuals and institutions. In this article, we'll examine their Q4 2022 vs. Q1 2023 13F holdings comparison, revealing which stocks the firm is bullish on and which ones it's staying away from.

One feature of the Q4 2022 vs. Q1 2023 table that stands out is the overall increase in holdings across the board. Most of the stocks have gained value and seen an increase in the number of shares held by Everence Capital Management. However, it's vital to note that not all stocks were treated equally, as some stocks posted significant gains, while others have experienced significant losses.

One such stock that posted healthy gains is Apple Inc (AAPL), with an increase of 29.4% in Q1 2023 compared to Q4 2022. Everence Capital Management's significant holding in Apple is not surprising, given that Apple remains one of the most valuable brands globally and continues to release innovative products that are in high demand. Another tech giant that Everence is bullish on is Microsoft Corporation (MSFT), with a Q1 2023 value of $60,571, up from $51,004 in Q4 2022. Inc (AMZN) also experienced gains, with a Q1 2023 value of $22,200, up from a Q4 2022 value of $17,383. This bullishness in tech stocks is consistent with the broader trend of technology stocks' outperformance in recent years, driven by the shift to remote work and the increasing adoption of technology in multiple industries.

It's worth noting that Everence Capital Management's holdings in some stocks decreased significantly, with Conocophillips (COP) being the most notable. The firm held 116,427 shares worth $13,738,000 in Q4 2022, but by Q1 2023, they had dropped to 122,597 shares worth $12,163,000, representing an 11.5% decrease. This drop in holdings could be attributed to Everence's re-evaluation of the energy sector amid the global push for cleaner energy.

Another stock that saw a drop in holdings value is Pioneer Natural Resources (PXD), with a Q1 2023 value of $8,247, down from $10,716 in Q4 2022, representing a significant decrease of 23%. The reduction in holdings in PXD could be due to Everence Capital Management's shift from traditional oil and gas exploration firms towards clean energy firms.

In conclusion, Everence Capital Management Inc's Q4 2022 vs. Q1 2023 13F holdings comparison reveals strong bullishness towards tech stocks such as Apple, Microsoft, and Amazon, while the firm is reducing its holdings in energy firms and traditional oil and gas exploration companies such as Conocophillips and Pioneer Natural Resources. As an investor, keeping an eye on the holdings of investment management firms can provide valuable insights into the trends and strategies driving their investment decisions.

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