Sequent Asset Management's Q4 2022 and Q1 2023 13F Holdings Comparison: Quality, Value, and Growth Strategies

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

Sequent Asset Management, LLC (Sequent) is a US-based investment company that manages assets for institutional investors, high net worth individuals, and registered investment advisors. Sequent's Q4 2022 and Q1 2023 13F filings have recently been released, giving an insight into the company's investment strategies and holdings during this period.

Sequent's investment philosophy is based on a focus on "quality" and "value," seeking companies with strong financial fundamentals that are trading at a discount to their intrinsic value. This philosophy is reflected in the company's Q4 2022 and Q1 2023 holdings, which include a mix of defensive and growth-oriented investments.

Schlumberger Ltd (SLB) is Sequent's top holding, accounting for 8.2% of the company's Q4 2022 portfolio value. However, the company reduced its exposure to SLB in Q1 2023, selling 7.0% of its shares. While SLB has historically been a strong performer, the company has faced headwinds over the past year due to the COVID-19 pandemic and lower oil prices.

Another notable change in Sequent's portfolio was the 21.3% increase in shares of the Select Sector SPDR Tr Technolo (XLK). XLK is a growth-oriented fund that tracks the technology sector, which has been a strong performer over the past year. Sequent's increased exposure to XLK reflects the company's bullish outlook on the technology sector's future growth potential.

Sequent's largest position in Q1 2023 was in the iShares Min Vol USA ETF (USMV). USMV is an investment-grade corporate bond fund that seeks to provide low-volatility exposure to the US equity market. Sequent held 5.4% of its portfolio in USMV in Q1 2023, up from 5.2% in Q4 2022, reflecting the company's preference for defensive investments in markets where it sees uncertainty.

Other notable holdings in Sequent's portfolio include the iShares Rus Mid Cap Growth ETF (IWP) and the iShares Rus 2000 Growth ETF (IWO), which both saw modest increases in the number of shares held in Q1 2023. IWP is designed to track the performance of mid-cap growth companies, while IWO tracks the performance of small-cap growth companies. Sequent's investment in these ETFs reflects the company's appetite for growth stocks across different capitalizations.

Sequent's exposure to Amazon.com Inc (AMZN) also increased in Q1 2023, with the company acquiring an additional 386 shares over the period. AMZN is a notable growth stock that has benefited from the COVID-19 pandemic, as more people have shifted their shopping and entertainment activities from physical to online environments.

On the other hand, the company reduced its position in the SPDR S&P 500 ETF Tr (SPY), selling 31.6% of its shares in Q1 2023. SPY is designed to track the performance of the S&P 500 index, providing broad-market exposure to US equities. Sequent's reduction in exposure to SPY could reflect a shift in the company's investment strategy, as it seeks to become more selective in its positioning, rather than simply tracking the broader market.

Notably, Sequent also established a new position in Entergy Corp (ETR) during Q1 2023. ETR is a utility holding company that works with customers across the US Gulf Coast. Sequent's interest in ETR is perhaps reflective of the company's increased focus on sectors that have historically shown resilience during economic downturns.

Overall, Sequent's Q4 2022 and Q1 2023 13F filings highlight the company's strategic focus on quality, value, and growth. Through their investment in a mix of defensive and growth-oriented investments, the company seeks to optimize its returns while mitigating risk. The company's increased exposure to the technology sector, with its bullish outlook on growth potential, is a notable feature that suggests the company's belief in the long-term potential of the sector.