Harbour Capital Advisors' Q4 2022 vs. Q1 2023 Holdings: An Overview

As a professional blogger, one must be aware of the changes, trends, and happenings around the financial world. The stock market is a crucial aspect of the global economy, and it thrives on people's investments in various funds. To monitor these funds, the US Securities and Exchange Commission (SEC) mandates quarterly filings by investment managers who oversee more than $100 million in qualifying assets. This filing, known as Form 13F, discloses the holdings of these funds to the public.

This article focuses on the comparison of Harbour Capital Advisors' 13F holdings between Q4 2022 and Q1 2023. Harbour Capital Advisors is based in Boulder, Colorado, and was founded in 2001. The firm manages roughly $3.43 billion in assets and provides wealth management and advisory services to its clients.

Harbour Capital Advisors made some significant changes to its portfolio between Q4 2022 and Q1 2023. The company's total value of holdings decreased from $97.9 million to $89.2 million, a decrease of 8.9%. Let's look at some of the notable changes made by the firm in its holdings.

Holdings Decreased in Value

Several of the firm's holdings faced a decline in their value between the two quarters. The biggest change was observed in NextEra Energy Inc (NEE), where the company's number of shares decreased by 15.2%, and the value of holdings decreased by 22%. Sherwin Williams Co (SHW), the renowned manufacturer of paints and coatings, faced a 7.7% decline in the value of holdings, despite the number of shares remaining the same.

Holdings Increased in Value

Despite several holdings decreasing in value, there were others where the value increased. HubSpot Inc (HUBS), a leading provider of inbound marketing and sales software, saw a significant increase in value. The value of holdings increased from $2.5 million to $3.7 million, a jump of 48.5%. Another notable increase was in Booking Holdings Inc (BKNG), where the value of holdings increased by 36.1%.

Changes in Number of Shares

Apart from the value of holdings, there were also some changes to the number of shares held by Harbour Capital Advisors. Academy Sports & Outdoors Inc (ASO), a sporting goods and outdoor recreation retailer, saw a 9.2% increase in the number of shares held by the firm. On the other hand, the number of shares held in Waste Management Inc (WM) decreased by 1.7%.

Final Thoughts

Overall, Harbour Capital Advisors made some crucial changes to its portfolio between Q4 2022 and Q1 2023. Some holdings faced a decline in value, while others saw an increase. The firm's decision to increase its holdings in HubSpot Inc (HUBS) showcases its confidence in the company's future prospects. It will be interesting to see how these changes pan out for the firm in the upcoming quarters.