Hedeker Wealth Sees Major Portfolio Shifts in Q4 2022 vs. Q1 2023

When it comes to managing a successful investment portfolio, change is often inevitable. Holding true to this adage is the latest report from Hedeker Wealth, LLC, which details significant shifts in the firm's holdings between the fourth quarter of 2022 and the first quarter of 2023. In this post, we'll discuss some of the most significant changes in the firm's portfolio, including which companies saw the most significant gains and losses during this period.

Let's start with the winners. Topping the list is Acuity Brands Inc (AYI), which saw its shares increase by nearly 20% from Q4 2022 to Q1 2023. Another standout performer was JPMorgan Exchange Traded F (JEPI), which went from zero shares in Q4 2022 to over 121,000 shares in the first quarter of 2023. Additionally, Dollar Tree Inc (DLTR) had a strong showing, increasing its Q1 2023 shares to over 40,000, up from 43,648 the previous quarter.

Moving on to some of the portfolio's major losers, Micron Technology Inc (MU) stands out, with its Q1 2023 shares dropping to just over 66,000, down from over 34,000 in Q4 2022. Other notable laggards include SSGA Active ETF TR (SRLN), with shares falling to just under 70,000 in Q1 2023 from nearly 75,000 the previous quarter. Similarly, United Rentals Inc (URI) saw a drop in shares from over 10,000 to just under 7,500 over the same period.

It's worth noting, however, that a few of the portfolio's other laggards aren't as severe as they might appear at first glance. For instance, Merck & Co Inc (MRK) saw a decline in shares from around 63,000 to just under 62,500. While a decline is never ideal, this drop is less than 5%, meaning this holding's performance still remains strong overall.

Looking across the entire portfolio, technology stocks continue to play a leading role in Hedeker Wealth's holdings. Microsoft Corp (MSFT) and Apple Inc (AAPL) remain the two largest holdings in Q1 2023, with nearly 45,000 and 71,000 shares, respectively. Additionally, Google parent company Alphabet Inc (GOOG) saw its holdings increase significantly in Q1 2023, with over 54,000 shares, up from just over 52,000 in Q4 2022.

Finally, it's worth mentioning the new additions to the portfolio in Q1 2023. These included companies like GoDaddy Inc (GDDY), which acquired over 36,000 shares during the quarter, and Walgreens Boots Alliance Inc (WBA), which saw its holdings increase by nearly 10,000 shares in Q1 2023. These new additions demonstrate that portfolio shifts aren't always about selling off older holdings but can also be about buying new ones that represent promising opportunities for growth.

In sum, Hedeker Wealth's Q4 2022 to Q1 2023 holdings comparison demonstrates the importance of regularly reviewing and adjusting investment portfolios. By keeping a close eye on trends in different sectors and companies, investors can ensure that their holdings are optimized for maximum growth and profitability. And while change can sometimes be painful, it's ultimately necessary for long-term success in the investment world.