Knights of Columbus Asset Advisors LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Investment management firms are mandated by the Securities and Exchange Commission (SEC) to file Form 13F on a quarterly basis. This form requires them to disclose their equity holdings to the public. For the Q4 2022 and Q1 2023 comparison, we looked into the changes in holdings of the Knights of Columbus Asset Advisors LLC, one of the leading investment advisors in the US.

Amid the market's volatility, the firm made some significant moves in their equity portfolio. In this article, we will delve into the top holdings, the major trades, and how the changes could impact the firm's investment strategy.

Top Holdings

The top holding for the Q4 2022 is the Knights of Columbus Global ETF, remaining unchanged with 800,000 shares. Meanwhile, in the Q1 2023 period, Apple Inc is the largest holding, with 289,126 shares valued at $47,676,000.

Among the top holdings, the increases in the number of shares are Berkshaire Hathway (+26.1%), Meta Platforms Inc (+97.4%), Nvidia Corporation Inc. (+101.1%), and Boston Scientific Corp (+168.1%). In contrast, the company reduced its stake in Procter & Gamble Co (-14.1%), Wells Fargo Corp (-13.1%), and First Horizon National Corp (-27%).

Major Trades

The company made significant trades in the Q4 2022-Q1 2023 period as it aims to adjust its investment strategy to the changing market landscape. Here are the highlights of the significant trades made by the Knights of Columbus Asset Advisors LLC:

- The company has opened a new position in Mondelez International, a snacking powerhouse with brands such as Oreo's, Cadbury chocolates, and Ritz crackers.

- Knights of Columbus also added to its position in Nvidia Corporation, the leading designer of GPUs for gaming and professional markets. The company has benefited from a surge in demand for graphics chips in recent years.

- Another addition to its holdings was Belden Inc, a manufacturer of networking and industrial automation equipment.

- The company sold all of its shares in Waste Management Inc, reducing its exposure to the waste management industry amid the ongoing environmental concerns.

- It also sold out all of its holdings in American International Group, a multinational insurance corporation.

Impact on Investment Strategy

Knights of Columbus Asset Advisors LLC has made strategic moves to position its portfolio for growth in 2023 and beyond. Among the consistent changes in its portfolio is the increase in the number of shares of some of the top-performing companies in the tech and healthcare sectors.

The firm has taken a more cautious approach to stocks in the oil and gas industry, following a slump in commodity prices amid uncertainty about the outcome of the OPEC+ meeting. Additionally, it reduced its exposure to the financial sector, as the economy struggles to recover, and interest rates remain low.

Final Thoughts

Overall, the Knights of Columbus Asset Advisors LLC's Q4 2022 and Q1 2023 13F filings reveal several significant changes in its holdings. While the firm added stakes in promising sectors, it also reduced its exposure to industries facing headwinds. By doing so, the company's portfolio appears to be well-positioned to respond to changes in the market in the coming months.