Investment Management of Virginia LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison: A Detailed Look at the Changes in Holdings

Investment Management of Virginia LLC, a registered investment advisor located in Richmond, Virginia, recently released its Q4 2022 and Q1 2023 13F filings with the SEC. These filings provide a detailed snapshot of the firm's holdings and the changes it made to its portfolio during the two quarters.

In this article, we will take a closer look at the top holdings of Investment Management of Virginia LLC, analyze the changes in its holdings, and provide insights into what these changes may mean for the firm's future performance.

Top Holdings of Investment Management of Virginia LLC

Investment Management of Virginia LLC's top 10 holdings account for 56.7% of its portfolio. The top three holdings are Vanguard Information Technology ETF (VGT), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), and Microsoft Corporation (MSFT), which account for 13.3%, 10.1%, and 7.0% of the portfolio, respectively.

Other notable holdings include American Express Company (AXP), AbbVie Inc. (ABBV), and Apple Inc. (AAPL), which account for 4.5%, 3.5%, and 3.4% of the portfolio, respectively.

Changes in Holdings

Investment Management of Virginia LLC made several changes to its portfolio during Q4 2022 and Q1 2023. The firm increased its holdings in ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) by 3.6%, bringing its total shares to 212,630. However, the value of the holdings decreased by 3.6%, from $15,612,000 to $15,043,000.

The firm also increased its holdings in Microsoft Corporation (MSFT) by 19.6%, bringing its total shares to 44,545. The value of the holdings increased by 19.6%, from $10,740,000 to $12,842,000. Similarly, the firm increased its holdings in Visa Inc. (V) by 8.3%, bringing its total shares to 23,895. The value of the holdings increased by 8.3%, from $4,973,000 to $5,387,000.

On the other hand, Investment Management of Virginia LLC decreased its holdings in AbbVie Inc. (ABBV) by 32.9%, bringing its total shares to 71,711. The value of the holdings decreased by 32.9%, from $17,039,000 to $11,428,000. The firm also decreased its holdings in Chesapeake Energy Corporation (CHK) by 19.4%, bringing its total shares to 52,394. The value of the holdings decreased by 19.4%, from $4,944,000 to $3,984,000.

Notable New Holdings

Investment Management of Virginia LLC added several new holdings to its portfolio during Q1 2023. These include Oaktree Specialty Lending Corp, Atlantic Union Bankshares Corp (AUB), Thryv Holdings Inc. (THRY), New Fortress Energy Inc. (NFE), and CollPlant Biotechnologies Ltd. (CLGN).

Oaktree Specialty Lending Corp, a provider of customized financing solutions to companies in various industries, was the firm's largest new holding, with 574,561 shares valued at $10,784,000.

Conclusion

Investment Management of Virginia LLC's Q4 2022 and Q1 2023 13F filings reveal some interesting trends in the firm's portfolio. The firm increased its holdings in technology giants such as Microsoft and Visa, while decreasing its holdings in AbbVie and Chesapeake Energy. The addition of Oaktree Specialty Lending Corp and New Fortress Energy Inc. suggests that the firm may be looking for opportunities in the lending and renewable energy sectors.

Investors should keep an eye on the firm's future filings to see if these trends continue or if new ones emerge.