Investment Insights: Analyzing Summit X, LLC's Q3 2022 vs. Q4 2022 13F Holdings

As the investment landscape continuously shifts, it's essential for investment management firms to keep an eye on the changes within their portfolio. Recently, Summit X, LLC disclosed its holdings for Q3 and Q4 of 2022. In this blog post, we'll take a closer look at the changes in the fund's holdings and analyze how they may impact the firm's investment strategy.

Apple Inc Takes the Lead

When comparing the company's holdings from Q3 to Q4 2022, the most significant change was in the number of shares of Apple Inc held by Summit X, LLC. The firm had 141,794 shares in Q3, which decreased to 140,359 in Q4, a 2.1% decline. Despite the drop in the number of shares held, the value of the holdings remained relatively stable, going from $19,615,000 to $19,195,000. Apple Inc's performance has been robust, with the stock currently up by over 31% in 2022 alone. As a result, it's no surprise that Summit X, LLC continues to hold a significant stake in the tech giant.

ISHARES TR Holdings Shift

The second most notable change in Summit X, LLC's holdings was the reduction of shares held in the iShares TR ETF - IVV. The number of shares held by the firm dropped from 81,109 to 50,560, a significant decrease of 34.1%. The value of the holding also decreased from $29,094,000 to $19,174,000. Conversely, the firm slightly reduced the number of shares in the iShares TR ETF - ESGU but still holds a significant amount, with 190,002 shares worth $15,942,000 as of Q4 2022.

Dramatic Increase in Holdings of ISHARES TR - IWD

The largest increase in holdings for Summit X, LLC in Q4 2022 was in iShares TR - IWD, with shares held increasing from 46,758 to 107,326 - a massive 144.3% increase. The value of the holdings increased from $6,369,000 to $15,561,000. The iShares TR - IWD ETF tracks the Russell 1000 Value Index, which aims to measure the performance of large-cap value stocks in the US equity market. The increase in holdings suggests that Summit X, LLC may be betting on the potential of value stocks, which have traditionally outperformed their growth counterparts during periods of economic recovery.

Other Notable Holdings

In Q4 2022, Summit X, LLC reduced its holdings in the Fidelity Merrimack STR TR - FBND, an actively managed bond ETF. The number of shares held dropped from 197,749 to 156,837, with the value decreasing from $8,798,000 to $7,297,000 - a drop of 17.1%. Additionally, the firm increased its holdings in Advanced Micro Devices Inc - AMD, with the number of shares held increasing from 15,492 to 55,447, representing a 331.7% increase in shares held. The value of the holdings went up from $983,000 to $4,243,000.

Conclusion

Overall, the changes seen in Summit X, LLC's Q3 2022 vs. Q4 2022 13F holdings reveal a nuanced shift in the investment strategy of this investment management firm. The most notable trend is the increased focus on value stocks and reduced exposure to growth-oriented ETFs, as demonstrated by the changes in holdings between iShares TR - IWD and iShares TR - IVV. It should be noted that these holdings are reflective of past performance and are subject to future change. As always, it's essential to remain vigilant about the developments in the investment landscape and adjust your portfolio accordingly.