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

Investment managers, hedge fund managers, and other institutional investors with over $100 million in assets under management are required to periodically disclose their stock holdings. These disclosures are made on the SEC Form 13F. The data from these disclosures are analyzed by investment professionals, researchers, and journalists to get an insight into the investment strategies of these investors. In this article, we will discuss the Q4 2022 vs. Q1 2023 13F holdings comparison of Sawgrass Asset Management LLC.

Sawgrass Asset Management LLC is an investment advisor that manages over $2 billion in assets. The firm offers investment management services to high net worth individuals, pension and profit-sharing plans, charitable organizations, corporations, and other institutions. The firm invests mainly in U.S. equities and fixed income securities.

In the Q4 2022 vs. Q1 2023 13F holdings comparison of Sawgrass Asset Management LLC, we can see that the firm has decreased its position in Apple Inc (AAPL) and Microsoft Corp (MSFT) by 3.2% and 3.5%, respectively. Sawgrass Asset Management LLC still holds a significant position in these tech giants with 345,463 shares of AAPL and 158,860 shares of MSFT. The firm has also decreased its position in UnitedHealth Group Inc (UNH) by 29% and Johnson & Johnson (JNJ) by 14.4%.

On the other hand, the firm has increased its position in Amazon.com Inc (AMZN) by 74.7% and in Alphabet Inc (GOOGL) by 43.4%. Sawgrass Asset Management LLC now holds 263,675 shares of AMZN and 299,501 shares of GOOGL. The firm has also increased its position in Verisk Analytics Inc (VRSK) by 33.2%.

It is interesting to note that Sawgrass Asset Management LLC has initiated a new position in ServiceNow Inc (NOW) with 20,118 shares, which is worth $9.3 million. The firm has also initiated a new position in Dropbox Inc (DBX) with 558,272 shares, which is worth $12.1 million.

In the Q4 2022 vs. Q1 2023 13F holdings comparison of Sawgrass Asset Management LLC, we can see that the firm has decreased its position in some of its top holdings, while increasing its position in some of its other holdings. It is important to note that the 13F filings are done after a delay of 45 days at the end of the quarter, so the data may not be the latest. However, these filings provide useful insights into the investment strategies of institutional investors. As always, investors should do their due diligence before making any investment decisions.