How Did Ramsay, Stattman, Vela & Price, Inc.'s Portfolio Change in Q4 2022 vs. Q1 2023?
Ava Hoppe | 14 May, 2023
Ramsay, Stattman, Vela & Price, Inc., a registered investment advisory company, recently filed their 13F form detailing their holdings at the end of Q4 2022 and Q1 2023. Based on the data, their portfolio has gone through significant changes, with some of the stocks being sold while others were bought. In this article, we will take a closer look at these changes and try to understand their implications.
Firstly, let's look at the top performers of their portfolio in Q4 2022. The top five holdings were Microsoft Corp. (MSFT), Apple Inc. (AAPL), Johnson & Johnson (JNJ), PepsiCo, Inc. (PEP), and Coca-Cola Co. (KO). These stocks accounted for approximately 17% of their total holdings and returned an average of 0.6% during that quarter.
Moving onto their Q1 2023 holdings, the top five stocks held were Microsoft Corp. (MSFT), Apple Inc. (AAPL), Alphabet Inc. Cl. C (GOOG), Visa Inc. (V), and Johnson & Johnson (JNJ). These stocks now account for approximately 20% of their total holdings, and they returned an average of 11% during that quarter.
One of the most significant additions to their portfolio was Alphabet Inc. Cl. C (GOOG). They added more than 1.8 million shares of the company, which translates to around $2 billion worth of the stock. This addition increased their exposure to the technology sector, which now accounts for around 41% of their total portfolio.
On the other hand, they sold off some of their holdings as well. One of the significant sales was Johnson & Johnson (JNJ), where they sold around 12% of their holdings. Furthermore, they reduced their holdings in PepsiCo, Inc. (PEP) by approximately 8%.
Another stock that saw a significant change in holdings was Nvidia Corp. (NVDA). They sold off more than 12k shares, which is a decrease of 20% from their Q4 2022 holdings. However, during the same period, the stock showed significant growth and increased by more than 50%.
Moreover, there were some holdings that remained unchanged for the company. For instance, they did not make any changes to their holdings in Bristol-Myers Squibb (BMY), McDonald's Corp. (MCD), or AT&T Inc. (T).
In conclusion, the data suggests that Ramsay, Stattman, Vela & Price, Inc. underwent some significant changes in their portfolio during Q4 2022 and Q1 2023. While some stocks were added to their holdings, some were sold off, and some remained unchanged. However, with the technology sector accounting for almost 41% of their total holdings, the company's exposure to technology has significantly increased.
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