Northstar Asset Management LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

In the world of finance and investing, quarterly 13F filings are a crucial source of information for those looking to gain insight into institutional holdings. One such institution is Northstar Asset Management LLC, which recently filed their Q4 2022 and Q1 2023 13F holdings. In this article, we will analyze the changes made by Northstar Asset Management LLC and explore the implications of these changes.

Northstar Asset Management LLC, a hedge fund founded in 2010 by Julie Goodridge, discloses a diverse portfolio holding multiple asset types across several sectors. The data provided in the 13F filing shows that the fund sold off some of its shares while also taking positions in new holdings.

The Technology sector was a significant part of the portfolio with Vanguard Information Tech ETF (VGT) and Apple Inc (AAPL) being the top two holdings. The fund sold some shares in both these companies in Q1 2023, with VGT experiencing a 16.4% decrease in shares and AAPL experiencing a 24.8% decrease. Microsoft Corp (MSFT) gained a spot in the top three holdings with a 20.5% increase in shares.

In the Health Care sector, the fund decreased its position in Johnson & Johnson (JNJ), with a 13.9% decrease in Q1 2023. However, in the same quarter, there was a significant increase in the shares of Zoetis, Inc. (ZTS) - a pharmaceutical company focused on animal health - with a 10% increase in shares.

The Consumer Staples sector saw a considerable increase in the fund's positions, with Procter & Gamble (PG) and The Hershey Company (HSY) taking up a larger percentage of the portfolio. PG experienced a 57.6% increase in shares, which was the highest among all the holdings, while HSY saw an increase of 9.9% in shares.

Financial and Energy sectors saw a decline in Northstar's positions. CIBC World Markets Inc.'s ETF (NASDAQ:CIBR) - which tracks the performance of cybersecurity and infrastructure companies - experienced a 22% decrease in shares sold off by Northstar. Chevron Corp (CVX) and NextEra Energy (NEE) saw a decrease in shares by 1.4% and 15.3%, respectively.

It is also worth noting that the filing reveals a significant investment in S&P 500 Index (SPY) options, which could be a hedging strategy to protect the portfolio from market fluctuations. SPY saw a 13188.5% increase in shares in Q1 2023, making it the second-largest holding of Northstar Asset Management LLC.

In conclusion, Northstar Asset Management LLC's Q4 2022 and Q1 2023 13F filings show some significant changes in the fund's holdings across various sectors. While the fund sold off some positions, it also took positions in new holdings. By taking note of the adjustments made in the portfolio, investors and analysts can gain a better understanding of the fund's strategy and make informed investment decisions.