Investment Firm Klingman & Associates Q4 2022 vs. Q1 2023: A Comprehensive Analysis of Holdings Changes

Investment firms are required to file Form 13F with the Securities and Exchange Commission (SEC) every quarter to report their holdings of publicly traded securities. Klingman & Associates, LLC, a New York-based financial investment firm, recently filed its Q4 2022 and Q1 2023 13F holdings. This blog post analyzes the changes in Klingman & Associates' holdings during this period, based on the data provided by the firm.

Overall, the firm's Q1 2023 holdings showed an increase from Q4 2022, with total shares held increasing from 8,460,408 to 8,611,253, a 1.78% increase. The value of these holdings also increased, from $699,097,000 to $730,637,000, a 4.51% increase. Notably, Klingman & Associates made significant changes to its holdings in several companies during this period.

One company that saw a significant increase in Klingman & Associates' holdings is Apple Inc. The firm increased its holdings in the company from 216,652 shares in Q4 2022 to 214,488 shares in Q1 2023. Despite the decrease in the number of shares held, the firm's value in Apple increased by 25.6%, from $28,149,000 to $35,369,000. This is a notable change, given the uncertainty around Apple's future due to the ongoing semiconductor shortage.

Another company that saw a significant increase in Klingman & Associates' holdings is Datadog Inc. The firm increased its holdings in the company from 220,501 shares in Q4 2022 to 216,520 shares in Q1 2023. However, the value of the shares held decreased by 2.9%, from $16,206,000 to $15,732,000. This is another notable change, as Datadog continues to gain popularity due to its cloud-based monitoring and security services.

Klingman & Associates also made notable changes to its holdings in the SPDR series of exchange-traded funds (ETFs), with several of these ETFs showing an increase in the number of shares held. For example, the firm increased its holdings in the SPDR S&P 500 ETF Trust (SPY) from 130,196 shares in Q4 2022 to 129,817 shares in Q1 2023. Despite the decrease in the number of shares held, the value of Klingman & Associates' holdings in SPY increased by 6.7%, from $49,790,000 to $53,145,000.

Similarly, the firm increased its holdings in the SPDR S&P MidCap 400 ETF Trust (MDY) from 46,329 shares in Q4 2022 to 46,176 shares in Q1 2023. The value of Klingman & Associates' holdings in MDY also increased by 3.2%, from $20,514,000 to $21,167,000. These changes highlight the firm's confidence in the performance of these ETFs during this period.

In contrast, Klingman & Associates decreased its holdings in PJT Partners Inc. The firm's holdings in the company decreased from 406,853 shares in Q4 2022 to 327,560 shares in Q1 2023. The value of these holdings also decreased by 21.1%, from $29,980,000 to $23,646,000. It is unclear why the firm reduced its holdings in PJT Partners, as it is a leading global investment bank.

Overall, these changes in Klingman & Associates' holdings during Q4 2022 and Q1 2023 reflect the firm's strategy to capitalize on the performance of certain companies and sectors during this period. While there were some decreases in certain holdings, the firm's overall increase in holdings and value suggests a positive outlook on the market. Investors looking to invest in the same companies as Klingman & Associates should assess their holdings and investment strategy before making any decisions.