Investment Manager Sterling compares 13F holdings in Q4 2022 and Q1 2023

Investment management is an integral part of any business strategy for those looking to maximize returns while minimizing overall risk. One of the most popular tools for investors is the 13F form, which requires managers with over $100 million in assets under management to disclose their holdings on a quarterly basis. This provides valuable information for investors looking to piggyback on successful strategies of established money managers. In this article, we will analyze the holdings of Sterling Investment Management, LLC in Q4 2022 and compare them to Q1 2023.

Sterling Investment Management, LLC, with assets under management of over $400 million, manages a variety of equity-based strategies, with a focus on mid- to long-term growth. In Q4 2022, the firm's holdings included 39 different stocks, ETFs, and other securities with a total value of $87.2 million. In Q1 2023, there were 38 securities with a total value of $84.1 million. This represents a 3.6% reduction in the number of securities held and a 3.5% decrease in the total value of holdings.

One of the most significant changes in Sterling's holdings was a 64.1% increase in the number of shares held in the ProShares Short S&P500 ETF (SH) from 137,499 shares in Q4 2022 to 241,198 in Q1 2023. This position was the largest holding in Q1 2023, valued at $3.6 million. The increase may indicate a bearish outlook on the market, as the ETF seeks to provide the inverse return of the S&P500 index. Conversely, several positions that fell in value were those that benefitted from a rising market. These included the Technology Select Sector SPDR Fund (XLK) and the Industrial Select Sector SPDR Fund (XLI), which both saw decreases of 14.7% and 2.6%, respectively.

At the individual stock level, Sterling's top 10 holdings in Q4 2022 largely remained unchanged in Q1 2023, with four stocks entering and leaving the list. The most significant change was the reduction in the number of shares held in Visa Inc (V), which saw a 27.3% decrease in the number of shares held. On the other hand, Apple Inc (AAPL) saw an increase of 25.5% in the number of shares held, rising to 21,856 shares, adding to Sterling's strong position in the stock.

In conclusion, Sterling Investment Management, LLC's Q4 2022 and Q1 2023 13F filings indicate a slight reduction in the number of securities held and the total value of holdings. The rise in holdings of ProShares Short S&P500 ETF may indicate a bearish outlook for the market. However, the firm’s continued interest in technology and innovation is evident through positions held in stocks like Apple and other ETFs like Technology Select Sector SPDR Fund. It is worth noting that these filings are released quarterly and do not necessarily provide a comprehensive picture of Sterling's overall investment strategy.