Sequoia Financial Advisors, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison
Ava Hoppe | 4 May, 2023
In the world of finance, it's important for investors to keep tabs on their holdings and adjust their portfolios accordingly. This is especially true for fund managers like Sequoia Financial Advisors, LLC. In this article, we will examine and compare the fund's Q4 2022 vs. Q1 2023 13F holdings, highlighting the biggest changes and analyzing what they mean for investors.
Starting with the biggest increase, we see that MUB, the iShares National Muni Bond ETF, saw a whopping 50.2% increase in shares held, going from 768,061 shares in Q4 2022 to 1,129,498 shares in Q1 2023. With a corresponding increase in value from $81,045,000 to $121,692,000, this was a significant move for Sequoia Financial Advisors, LLC.
Another notable increase came from the First Trust Managed Municipal ETF, FMB, with shares held increasing from 701,848 in Q4 2022 to 753,610 in Q1 2023, and an increase in value from $35,169,000 to $38,385,000, or 9.1%. This may indicate a shift towards more municipal investments in the fund's portfolio.
In the tech sector, Apple Inc. (AAPL) saw a significant increase of 31%, going from 723,427 shares valued at $93,994,000 in Q4 2022 to 746,974 shares valued at $123,176,000 in Q1 2023. Microsoft Corp. (MSFT) also saw an increase, with shares held going from 223,727 to 228,774 and an increase in value from $53,654,000 to $65,955,000, or 22.9%.
In the healthcare sector, Merck & Co. Inc. (MRK) saw the biggest decrease, going from 174,755 shares valued at $19,389,000 in Q4 2022 to 118,180 shares valued at $12,573,000 in Q1 2023, or a decrease of -35.2%. This decrease may indicate a loss of confidence in the company's stock or a shift in priorities for the fund.
Other notable decreases included Huntington Bancshares Inc. (HBAN), with shares held going from over 1 million shares to 1,157,169, or a decrease of -16.2%. Verizon Communications Inc. (VZ) also saw a decrease in shares held, going from 593,239 to 655,981, or a decrease of 9.1%.
Overall, it's clear that Sequoia Financial Advisors, LLC has made some significant changes to its portfolio between Q4 2022 and Q1 2023. While some of these changes are to be expected, such as shifts in the tech sector, others may be indicative of a bigger strategy at play. For investors following the fund, it will be important to keep an eye on these holdings and any future changes that may occur.
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