Investing in Q3 2022: Ashfield Capital Partners, LLC 13F Holdings Comparison

As the world continues to recover from the COVID-19 pandemic, investors are eyeing the investment world with renewed interest. Ashfield Capital Partners, LLC, a California-based investment advisory firm with $1.7 billion in assets under management, recently filed its 13F report with the Securities and Exchange Commission (SEC). The report outlines the firm's holdings as of Q3 2022 and provides insight into the firm's investment strategy.

In this article, we'll take a closer look at Ashfield Capital Partners, LLC's 13F holdings, comparing its Q2 2022 vs. Q3 2022 portfolio. We'll dig deeper into the top movers, and we'll explore some of the major changes to the fund's holdings.

Tech Companies Continue to Reign Supreme

According to the 13F report, Apple Inc. (AAPL) remains the fund's top position, with 970,615 shares as of Q3 2022. This amounts to a 0.4% reduction from Q2 2022, when the firm held 977,181 shares. Despite the slight drop, the Cupertino-based company still represents the largest allocation in the fund.

Microsoft Corp. (MSFT) and Alphabet Inc. (GOOG) followed closely in second and third place, respectively. In Q3 2022, Ashfield Capital Partners, LLC held 326,812 shares of Microsoft, a 10.3% reduction from Q2 2022's 330,226 shares. The fund also held 398,398 shares of Alphabet, an increase of 1,877% from Q2 2022's 20,119 shares.

Some analysts believe the rise in Alphabet shares may be attributed to the company's strong advertising business. Although Google's advertising revenue is healthy, the company has been facing intense competition in the sector from companies like Amazon and TikTok.

Healthcare Stocks Take a Hit

While some tech stocks have continued to perform well, healthcare stocks have not fared as well. UnitedHealth Group Inc. (UNH) and Thermo Fisher Scientific Inc. (TMO) both saw decreases in their allocations in the fund. Ashfield Capital Partners, LLC held 64,877 shares of UnitedHealth Group in Q3 2022, representing a 2.4% drop from Q2 2022's 65,355 shares. Meanwhile, the firm's holdings of Thermo Fisher Scientific were reduced by 7.5%.

Other major holdings that saw reductions included Adobe Systems Incorporated (ADBE), NVIDIA Corporation (NVDA), and Union Pac Corp (UNP). Adobe's shares were reduced by 25.7%, while NVIDIA and Union Pac Corp saw reductions of 26.6% and 9.1%, respectively.

New Additions to the Fund

The firm also added new positions to the fund's portfolio in Q3 2022. Airbnb Inc. (ABNB) was one of the top new positions, with 54,867 shares representing approximately $5.8 million. Other notable additions to the fund included Meta Platforms Inc. (META), Automatic Data Processing Inc. (ADP), and Trex Co. Inc. (TREX).

The Bottom Line

Ashfield Capital Partners, LLC's latest 13F holdings report reveals a few key takeaways. Firstly, the fund's allocation to tech companies has remained relatively stable, with Apple, Microsoft, and Alphabet continuing to take up the top positions. Secondly, healthcare stocks have suffered in the fund's allocation, with UnitedHealth Group and Thermo Fisher Scientific seeing a reduction in shares. Finally, the fund added new positions in up-and-coming companies like Airbnb and Trex, indicating a focus on emerging technologies. As always, it's important to perform independent research and due diligence before investing, but this report provides valuable insight for those looking to invest in the tech and healthcare sectors.