Miracle Mile Advisors, LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

We live in a world that is constantly changing and evolving, and the financial industry is no exception. Investment firms are always looking for new opportunities and adjusting their holdings to stay ahead of the curve. In this blog post, we will take a look at the Q1 2023 vs. Q2 2023 13F holdings comparison for Miracle Mile Advisors, LLC. This comparison will give us a glimpse into the changes that the firm has made in their investments over this period.

One of the key metrics used to analyze 13F holdings is the change in percentage. This metric can help us understand whether the firm has increased or decreased their positions in certain assets. Let's dive into the data and see what insights we can uncover.

GOLDMAN SACHS ETF TR (GBIL) is one of the assets that saw an increase in Q2 2023, with a change percentage of 7.4%. This indicates that Miracle Mile Advisors, LLC has increased their holdings in this particular asset. INVESCO QQQ TR (QQQ), on the other hand, saw a decrease in Q2 2023, with a change percentage of -10.9%. This suggests that the firm has decreased their positions in this asset.

APPLE INC (AAPL) and MICROSOFT CORP (MSFT) both saw an increase in holdings, with change percentages of 16.4% and 17.8% respectively. This indicates that Miracle Mile Advisors, LLC has confidence in these tech giants and has increased their investments in them.

Other assets that experienced increases in holdings include ISHARES TR (IVE), VANGUARD BD INDEX FDS (BND), and VANGUARD TAX-MANAGED FDS (VEA). These assets saw change percentages of 0.9%, 10%, and -1.6% respectively. While the increase in holdings for IVE and BND suggests that the firm has faith in these assets, the decrease in holdings for VEA indicates a potential shift in strategy.

One asset that saw a significant increase in holdings is ISHARES TR (QLTA), with a change percentage of 8291.4%. This is an astonishing increase, suggesting that Miracle Mile Advisors, LLC has identified a promising opportunity in this asset.

It's also worth noting that some assets saw a decrease in holdings. ISHARES INC (IEMG) and SCHWAB STRATEGIC TR (SCHE) both experienced a decrease in Q2 2023, with change percentages of -13.7% and -9% respectively. This indicates that the firm has reduced their positions in these assets.

As we analyze the data, it's important to remember that without the context of the firm's overall investment strategy, it's difficult to determine the exact reasons behind these changes in holdings. Market conditions, financial goals, and the firm's risk tolerance could all play a role in these adjustments.

In conclusion, the Q1 2023 vs. Q2 2023 13F holdings comparison for Miracle Mile Advisors, LLC reveals some interesting insights. While some assets saw an increase in holdings, others experienced a decrease. These changes could reflect shifts in the firm's investment strategy or the identification of new opportunities. As with any investment decisions, it's important to consider the larger context and to evaluate the potential risks and rewards associated with each asset.