Liberty Capital Management's recent 13F filing reveals top gainers and losers in Q4 2022 and Q1 2023.
Ava Hoppe | 18 April, 2023
Liberty Capital Management, Inc. is a registered investment advisor based in Colorado that specializes in managing fixed-income and equity securities portfolios. The company recently filed its Q4 2022 and Q1 2023 13F with the Securities and Exchange Commission (SEC), disclosing a total of 54 positions held during both periods with a combined value of $376,693,000.
The report shows that the fund reduced its holdings in several companies, such as Danaher Corporation (DHR) and UnitedHealth Group Inc. (UNH), while increasing its exposure to others, like NVIDIA Corporation (NVDA) and SPDR S&P 500 ETF Trust (SPY).
The following analysis provides a summary of the changes in Liberty Capital's portfolio during the mentioned period.
Top Gainers:
NVIDIA Corporation (NVDA): The fund's largest gain came from NVDA with an 89.6% increase in value. The company is a leading designer of graphics processing units (GPUs) and is benefiting from the growth of gaming, artificial intelligence, and data center markets.
SPDR S&P 500 ETF Trust (SPY): SPY gained 71.4% in value, reflecting the fund's bullish stance on US equities. The ETF tracks the performance of the S&P 500 index, which consists of 500 large-cap US stocks.
Amazon.com Inc. (AMZN): AMZN gained 22.4% in value, despite the fund slightly reducing its stake in the e-commerce giant. The Seattle-based company has been dominating the e-commerce sector, while also expanding into cloud computing, entertainment, and healthcare.
Top Losers:
UnitedHealth Group Inc. (UNH): UNH was the fund's largest loss, dropping 11% in value during the period. The health insurance provider's shares have been impacted by rising healthcare costs, regulatory pressures, and the uncertainty surrounding Medicare expansion plans.
Aflac Incorporated (AFL): AFL posted a 10.5% loss during the period, as interest rates remained low, affecting the insurer's investment returns. The company specializes in supplemental health and life insurance policies.
US Bancorp (USB): USB posted a loss of 17.5% during the period. The Minneapolis-based bank has been affected by low-interest rates and stiffer competition in the banking sector.
Top Holdings:
The top holdings of the fund remained consistent during the period, with technology companies dominating the top spots.
Apple Inc. (AAPL): AAPL was the fund's top holding, representing 17.8% of its portfolio. The tech giant's shares have been boosted by strong demand for its mobile devices, while also benefiting from its growing services and wearables segments.
Vanguard Total Stock Market ETF (VTI): VTI represented 13.4% of the fund's portfolio. The ETF tracks the performance of the CRSP US Total Market Index, which includes more than 3,500 US stocks.
Alphabet Inc. (GOOGL): GOOGL represented 6.1% of the fund's portfolio. The parent company of Google has been benefiting from the growth of digital advertising, cloud computing, and other segments.
Conclusion:
In conclusion, Liberty Capital Management's Q4 2022 and Q1 2023 13F filings reveal that the fund has been adjusting its portfolio based on the macroeconomic environment and individual company prospects. The fund's increased exposure to technology companies reflects its bullish outlook on the sector, while its reduced exposure to healthcare and financials reflects the challenges these sectors currently face. Investors should always conduct their own due diligence before investing in any securities.
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