Investment Firm North Star's Q3 2022 vs. Q4 2022 Holdings Analysis: JPMorgan and Vanguard ETFs among Key Changes
Ava Hoppe | 24 April, 2023
The end of each quarter is a critical time for investors and traders alike as they closely monitor their fund's holdings to make informed decisions. North Star Investment Management Corp. is no exception, and the Q3 2022 vs. Q4 2022 13F holdings comparison reveals some exciting changes. While the overall portfolio value increased by 18.4%, the number of shares in a few stocks decreased, highlighting a strategic reallocation approach to maximize returns.
One of the top holdings in North Star's portfolio is JPMorgan Chase & Co., a financial services behemoth. The fund divested 286,015 shares in Q4, down from 283,347 shares in Q3, an overall decrease of 0.9%. However, despite the reduction in shares, the value of the holding increased by a whopping 27.1%, from $29,889,000 to $37,996,000.
Another significant change in North Star's holdings was the addition of Vanguard Total Stock Market ETF (VTI) shares, with the fund's stake expanding from 138,443 shares in Q3 to 138,784 in Q4, an increase of 0.3%. The value of the holding also went up by 6.8%, from $24,846,000 to $26,534,000. Vanguard Short Term Infl-Protected (VTIP), on the other hand, experienced negative growth in the fund, as North Star divested 144,771 shares in Q4, representing a 22.4% decrease from its Q3 holdings. The holding value also declined by 24.8%, from $30,957,000 to $23,294,000.
Apple Inc. was another notable company whose holding decreased in North Star's fund. The technology giant's share count shrank slightly from 266,466 in Q3 to 265,490 in Q4, a decline of 0.4%. The value of the holding went down by 6.3%, from $36,826,000 to $34,495,000. Micorosft (MSFT) is another stock that saw a dip in shares with North Star divesting 5,785 shares in Q4, down from 103,491 shares in Q3. However, the value of the holding decreased slightly by 2.8%, from $24,103,000 to $23,431,000.
One of the significant gains in North Star's Q4 holdings was the increase in shares of Sprott Inc. (SII.TO). The fund increased its holdings by 14,358 shares, up from 181,932 shares in Q3. The holding value of the Canadian alternative asset management firm also rose by 7.3%, from $6,097,000 to $6,542,000.
In conclusion, North Star's Q3 2022 vs. Q4 2022 13F holdings comparison indicates a strategic reallocation of its portfolio. The fund divested from some stocks while increasing its holdings in others. Despite some holdings experiencing slight dips in shares, the fund's overall portfolio value increased, demonstrating a successful investment strategy that aims to maximize returns. As always, investors should approach investment opportunities with caution and carefully evaluate the risks involved before investing in any company or fund.
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