Investing in Q1 2023: Comparing Boothe Investment Group's 13F Holdings to Q4 2022

Investing in the stock market can be a daunting task. For this reason, many individuals turn to investment groups for assistance. Boothe Investment Group, Inc. is one of the most well-known investment groups, and their quarterly 13F filings provide a glimpse into their trading activities. In this blog post, we will analyze the changes in holdings from their Q4 2022 report to their Q1 2023 report.

Before diving into the details, it is important to understand what a 13F filing is. The Securities and Exchange Commission (SEC) requires institutional investment managers with over $100 million in assets under management to file a 13F report every quarter. This report discloses the manager’s holdings of U.S. equities, options, and convertible debt securities.

Boothe Investment Group’s most notable change in holdings was their purchase of 593,418 shares of RBB FD INC, symbol UTWO. This purchase was not present in their Q4 2022 report. However, Doubleline ETF Trust, symbol DBND, was also not present in the previous quarter's report, but Boothe Investment Group purchased 624,634 shares in Q1 2023. While the value of the shares for either purchase was not substantial due to a lack of information in Q4 2022, the addition of these purchases could suggest that Boothe Investment Group is shifting its focus to the technology and financial sectors.

In addition to the technology and financial sectors, it is evident that Boothe has an interest in the mining and oil industries. The gold mining company Kinross Gold Corp, symbol K.TO, decreased in shares by 11,325 shares but remains one of their top holdings. This move was accompanied by a small drop in value. They also purchased 56,530 shares of Devon Energy Corp New, symbol DVN, in Q1 2023, which is a significant increase from their Q4 2022 holding of 76,230 shares. Furthermore, the Goodyear Tire & Rubber Co, symbol GT, increased in shares to 605,520, a 3.94% increase from their Q4 2022 report.

On the tech front, it is worth noting that Boothe Investment Group bought new shares in companies like Fortinet Inc, symbol FTNT, and Alphabet Inc, symbol GOOGL. These additions could be due to the increasing demand for cybersecurity measures, as well as a growing reliance on Google's search engine and other Alphabet services.

Boothe Investment Group's biggest increase in shares ownership was their purchase of 27,830 more shares of Rolls Royce Holding PLC Sponsored ADR, symbol RYCEY, bringing their total shares to 5,667,260, marking an increase of 4.9%. Similarly, they added an additional 15,000 shares to their stake in the Select Sector SPDR TR, symbol XLC, bringing their total shares to 22,849.

Despite these increases, a few of Boothe Investment Group’s top holdings decreased in shares. Comcast Corp New, symbol CMCSA, dropped in shares by just a few, but the value also decreased by 8.5%. US Bancorp Del, symbol USB, saw a slight decrease in value as well. This decrease in value can be attributed to a decrease in shares of 37,974.

In terms of sector performance, Boothe Investment Group's holdings of the iShares Trust, symbol EEM, increased only slightly in shares by 464, but a 6.77% increase in value was seen. Verizon Communications Inc, symbol VZ, decreased significantly, with a decrease of almost 25.5% in value resulting from a drop in shares of 3,491. It is interesting to note that Lilly Eli & Co, symbol LLY, was not present in the Q4 2022 report but now appears on the Q1 2023 report with 12,337 shares.

To conclude, comparing Boothe Investment Group’s holdings from their Q4 2022 report to their Q1 2023 report shows a shift in focus towards the technology and financial sectors, with slight decreases in some of their top holdings. Overall, Boothe is still heavily invested in the mining and oil industries, indicating their continued confidence in these sectors to perform well. It will be interesting to see if this shift in focus towards the tech sector continues, or if Boothe Investment Group will continue to maintain its investments in the mining and oil industries.