Mader & Shannon Wealth Management, Inc. Q3 2023 vs. Q4 2023 13F Holdings Comparison
Ava Hoppe | 25 January, 2024
Mader & Shannon Wealth Management, Inc., a reputable investment firm, recently released its 13F filings for the third and fourth quarters of 2023. These filings provide valuable insights into the changes in their holdings during this period. In this article, we will delve into these changes and analyze the notable shifts in the fund's portfolio.
ISHARES TR Takes the Lead with Significant Increase in Holdings
One of the standout performers in Mader & Shannon's portfolio is ISHARES TR. In Q3 2023, Mader & Shannon held 221,379 shares of ISHARES TR, which increased dramatically to 437,974 shares in Q4 2023. This represents an impressive 97.1% increase in holdings. The value of these holdings also skyrocketed from $22,286,000 to $43,915,000, signifying the substantial growth of ISHARES TR.
ISHARES TR is renowned for offering a range of exchange-traded funds (ETFs) across various asset classes. With Mader & Shannon's increased investment, it's evident that they have confidence in the potential returns and stability these funds can provide.
ISHARES TR is not the only ticker that caught Mader & Shannon's attention. Let's dive into other noteworthy changes in the fund's holdings.
Significant Decrease in ISHARES TR's SHV Holdings
While Mader & Shannon increased their stake in ISHARES TR's overall portfolio, there was a notable reduction in their holdings of ISHARES TR's SHV fund. In Q3 2023, Mader & Shannon held 367,456 shares of SHV, which declined to 305,597 shares in Q4 2023. This represents a significant decrease of 17.1% in holdings.
The value of these holdings also dropped from $40,592,000 to $33,655,000 during the same period. It's crucial to note that this decrease does not necessarily reflect negatively on SHV but may indicate a strategic reallocation of funds by Mader & Shannon.
ISHARES GOLD TR and SPDR GOLD TR Show Modest Gains
Mader & Shannon made modest adjustments to their holdings in the precious metals sector. In Q3 2023, they held 580,898 shares of ISHARES GOLD TR (IAU), which experienced a slight increase to 584,055 shares in Q4 2023, reflecting a 12.2% gain. The value of these holdings also rose from $20,325,000 to $22,795,000.
Similarly, Mader & Shannon increased their holdings in SPDR GOLD TR (GLD) from 118,670 shares in Q3 2023 to 119,170 shares in Q4 2023. This reflects a 12% increase, with the value of these holdings rising from $20,345,000 to $22,781,000.
Reallocation Strategies: Key to Success
Aside from the aforementioned changes, Mader & Shannon made various adjustments to other holdings in their portfolio. For instance, their holdings in CDW CORP (CDW) and KNIGHT-SWIFT TRANSN HLDGS IN (KNX) increased by 12.9% and 16.7%, respectively. This demonstrates their confidence in the growth potential of these companies.
On the other hand, Mader & Shannon reduced their holdings in DOLLAR GEN CORP NEW (DG) to zero in Q4 2023 from 29,463 shares in Q3 2023. While the reasons behind this are unclear from the filings alone, it suggests a decision to reallocate funds or exit their position in DOLLAR GEN CORP NEW.
Continuing Success with Striking Company Selections
Mader & Shannon Wealth Management, Inc. has consistently shown remarkable portfolio management by capitalizing on promising investment opportunities. Although their 13F filings provide only a snapshot of their holdings, they offer valuable insights into the firm's decision-making process.
It's worth noting that these filings reveal the firm's positions and not blanket recommendations for individual investors. Investment decisions should always be made based on thorough research, risk tolerance, and financial goals.
Looking ahead, investors and analysts eagerly await Mader & Shannon's next 13F filings to stay updated on any further shifts in their holdings. These filings serve as a window into the strategies employed by Mader & Shannon Wealth Management, Inc., reinforcing the importance of keeping a close eye on their investment decisions.
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