Segment Wealth Management, LLC Q1 2023 vs. Q2 2023:

Analyzing Changes in Fund Holdings

Segment Wealth Management, LLC, a prominent wealth management firm, recently released its 13F filings for the first and second quarters of 2023. These filings provide valuable insights into the firm's holdings and shed light on the changes that occurred during this period. In this article, we will dive into the data and examine the notable shifts in their portfolio.

Vanguard Index Funds (VTI): A Slight Dip in Shares and Value

Segment Wealth Management, LLC saw a marginal decrease in their holdings of VTI, an exchange-traded fund (ETF) offered by Vanguard. In Q1 2023, they held 264,292 shares, with a total value of $53,942,000. However, by Q2 2023, their share count had reduced to 261,545, and the overall value increased slightly to $57,613,000. While the percentage change was minimal (-6.8%), it points to a strategic reallocation within the portfolio.

Berkshire Hathaway Inc. (BRK-B): Holding Steady Amidst Market Fluctuations

Segment Wealth Management, LLC maintained its position in Berkshire Hathaway Inc. throughout both quarters, demonstrating their confidence in this long-standing investment. BRK-B shares remained relatively stable, with a decrease of 1,592 shares from Q1 to Q2. The value of their holdings increased from $42,259,000 to $46,128,000, representing a 9.2% growth. This consistent investment may indicate the firm's trust in Berkshire Hathaway's future prospects.

Apple Inc. (AAPL): Weathering Market Volatility

In the highly volatile technology sector, Segment Wealth Management, LLC showed resilience by maintaining its position in Apple Inc. Shares of AAPL experienced a minor decline from 147,812 in Q1 to 146,588 in Q2. However, the overall value increased from $24,374,000 to $28,433,000, indicating a rise of 16.7%. This suggests that the firm recognized the potential for Apple's long-term growth despite short-term fluctuations.

Microsoft Corp. (MSFT): Embracing the Power of Technology

Another notable tech holding in the firm's portfolio is Microsoft Corp. Similar to their approach with Apple Inc., Segment Wealth Management, LLC maintained their position in MSFT despite market turbulence. While the share count decreased slightly from 63,147 to 61,568, the value showed an overall increase from $18,205,000 to $20,966,000, marking a 15.2% growth. This move indicates the firm's trust in Microsoft's ability to withstand market volatility.

Broadcom Inc. (AVGO): Tapping into Semiconductor Growth

Segment Wealth Management, LLC recognizes the strong potential of the semiconductor industry by maintaining their holdings in Broadcom Inc. Despite a slight decrease in share count (from 26,248 to 25,836), the value rose significantly from $16,838,000 to $22,411,000, representing a notable uptick of 33.1%. This decision highlights the firm's confidence in Broadcom's position within the industry and its potential for future growth.

Other Selected Holdings

Segment Wealth Management, LLC's portfolio contains other notable holdings worth mentioning. Here are some highlights:

- Vanguard Specialized Funds (VIG): The firm decreased its share count from 62,773 to 60,902, but the value of their holdings increased slightly from $9,667,000 to $9,892,000.

- NVIDIA Corporation (NVDA): The firm experienced a rise in both share count (from 19,945 to 20,173) and value (from $5,540,000 to $8,533,000), indicating a significant growth of 54%.

- Waste Management Inc. (WM): Despite a minor decrease in share count, the value of their holdings increased by 1.2%, from $11,586,000 to $11,727,000.

A Diversified Approach to Wealth Management

Segment Wealth Management, LLC's Q1 and Q2 2023 13F filings demonstrate a diversified approach to wealth management by strategically adjusting their investment holdings. Despite market fluctuations and industry-specific challenges, the firm maintains a stance of confidence in their chosen investments, continuously evaluating the potential for growth and adapting their portfolio accordingly. It is important to note that these changes in holdings are based purely on the data from the filings and should not be construed as investment advice.

Please note:

The information provided in this article is for informational purposes only. It should not be considered as financial or investment advice.