Sawgrass Asset Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Sawgrass Asset Management LLC, a prominent investment management firm, recently released its 13F holdings comparison for the first and second quarters of 2023. This report provides valuable insights into the changes in holdings of various funds during this period. In this article, we will delve into the details of some of the significant changes observed in Sawgrass Asset Management's holdings.

One of the noteworthy changes is in the holdings of Apple Inc. (AAPL). In Q1 2023, Sawgrass Asset Management held 345,463 shares of AAPL, which decreased to 298,955 shares in Q2 2023, reflecting a 1.8% decrease. The value of these shares also witnessed a slight increase, going from $56,966,000 to $57,988,000.

Another tech giant that saw a decrease in Sawgrass Asset Management's holdings is Microsoft Corp. (MSFT). The number of shares held by Sawgrass Asset Management declined from 158,860 in Q1 2023 to 151,528 in Q2 2023, representing a decrease of 4.6%. However, the value of these shares increased from $45,799,000 to $51,601,000, indicating a 12.7% growth.

Moving on to Alphabet Inc. (GOOGL), the parent company of Google, Sawgrass Asset Management held 299,501 shares in Q1 2023, which decreased to 281,162 shares in Q2 2023. This reflects a 6.1% decrease in holdings. However, the value of these shares witnessed a modest growth from $31,067,000 to $33,655,000, representing an 8.3% increase.

In the case of Amazon.com Inc. (AMZN), Sawgrass Asset Management's holdings decreased from 263,675 shares in Q1 2023 to 225,970 shares in Q2 2023, reflecting a 14.3% decrease. Despite the decrease in the number of shares, the value of these shares increased from $27,234,000 to $29,457,000, representing an 8.2% growth.

Broadcom Inc. (AVGO) is another stock in which Sawgrass Asset Management observed a significant change in holdings. In Q1 2023, Sawgrass Asset Management held 36,758 shares of AVGO, which decreased to 26,954 shares in Q2 2023, representing a substantial 26.6% decrease. The value of these shares also witnessed a minor decline, going from $23,581,000 to $23,380,000, reflecting a 0.9% decrease.

Costco Wholesale Corporation (COST) experienced an increase in Sawgrass Asset Management's holdings. The number of shares held by Sawgrass Asset Management rose from 37,243 in Q1 2023 to 41,854 in Q2 2023, representing a 12.4% increase. The value of these shares also witnessed a significant growth, going from $18,504,000 to $22,533,000, reflecting a 21.8% increase.

TJX Companies Inc. (TJX) is another stock that observed a slight increase in Sawgrass Asset Management's holdings. In Q1 2023, Sawgrass Asset Management held 247,583 shares of TJX, which increased to 234,932 shares in Q2 2023, representing a 5.1% increase. The value of these shares also witnessed a modest growth from $19,400,000 to $19,919,000, representing a 2.7% increase.

These are just a few of the notable changes observed in Sawgrass Asset Management's holdings during Q1 2023 and Q2 2023. The complete 13F holdings comparison provides a comprehensive overview of the adjustments made in various stocks held by Sawgrass Asset Management during this period. These insights can be valuable for investors and analysts alike in understanding the investment strategy of Sawgrass Asset Management and the market trends influencing their decisions.

It is important to note that the information presented in this article is derived from public sources and reflects the holdings of Sawgrass Asset Management at a specific point in time. It is always recommended for investors to conduct thorough research and consult with their financial advisors before making any investment decisions.

As the market continues to evolve and new developments arise, Sawgrass Asset Management will likely continue to adapt its holdings. Investors and analysts will eagerly await future reports to gain further insights into the investment decisions made by this renowned asset management firm.