Sand Hill Global Advisors, LLC's Q3 to Q4 2022 13F Holdings Comparison: Key Changes and Implications

Investors and financial analysts alike are always on the lookout for trends and shifts in the holdings of major investment firms. One such firm, Sand Hill Global Advisors, LLC, recently filed its Q3 2022 and Q4 2022 13F holdings, and it reveals some interesting changes in its holdings.

First, it's important to understand what a 13F filing is. The Securities and Exchange Commission (SEC) requires all institutional investment managers with at least $100 million in assets under management to file a Form 13F. This form discloses information about the manager's holdings of publicly traded securities, including the ticker symbol, the number of shares held, and the value of those shares.

Now, let's take a closer look at Sand Hill Global Advisors, LLC's Q3 2022 versus Q4 2022 13F holdings comparison. The CSV provided shows the ticker symbol, issuer name, option type, the number of shares held in Q3 2022 and Q4 2022, the value of those shares in thousands of dollars, and the percentage change between the two quarters.

The largest position held by Sand Hill Global Advisors, LLC throughout both quarters is SPY, the SPDR S&P 500 ETF Trust. However, the number of shares held in Q4 2022 decreased by 78,053, representing a -4.6% change. This may suggest that the firm is less bullish on the overall market moving forward.

The second-largest position held by the firm is EFA, the iShares MSCI EAFE ETF, with a value of $152,820,000 in Q3 2022 and a value of $175,124,000 in Q4 2022. The firm added 7.7% more shares to this holding, demonstrating increased bullishness on international markets.

Another interesting shift in the firm's holdings is the significant increase in IJH, the iShares Core S&P Mid-Cap ETF. Sand Hill Global Advisors, LLC added 108,730 shares to their position, representing a 46.3% increase from Q3 2022 to Q4 2022. This suggests that the firm is optimistic about the mid-cap segment of the market.

Meanwhile, Sand Hill Global Advisors, LLC reduced its position in some technology stocks. For example, the firm reduced its holdings in Apple Inc. (AAPL) by 3.6%, Amazon.com Inc. (AMZN) by 24.2%, and Alphabet Inc. (GOOGL) by a significant 50.7%. This may be a reflection of the ongoing regulatory concerns in the technology sector, or simply due to changes in the valuation outlook for these companies.

On the other hand, the firm increased its position in Microsoft Corp. (MSFT) by 4.6%, suggesting that they are optimistic about the company's prospects moving forward.

There were several other interesting changes in the firm's holdings as well. For example, Sand Hill Global Advisors, LLC increased its holdings in Waste Management Inc. (WM) by 4.6%, Procter & Gamble Co. (PG) by 21.4%, and Intel Corp. (INTC) by 0.5%. The firm also added new positions in Cheniere Energy Inc. (LNG), the Dimensional ETF Trust (DFUS), and Meta Platforms Inc. (META).

Overall, the changes in Sand Hill Global Advisors, LLC's holdings suggest a mixed outlook for the market. The reductions in some tech positions may indicate concerns about lofty valuations, while the addition of new positions and increased holdings in other stocks suggest continued optimism about the overall state of the market. It will be interesting to see how these holdings evolve in the coming quarters and how they might reflect the firm's investment strategy moving forward.