SevenBridge Financial Group Shifts Investment Strategy in Q4 2022 and Q1 2023

SevenBridge Financial Group, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

SevenBridge Financial Group, LLC recently made some significant changes to its holdings in the fourth quarter of 2022 and the first quarter of 2023. The firm is known for its diverse portfolio, and the recent changes in holdings signal a shift in its investment strategy.

AAPL, MSFT, and GOOGL Remain Top Holdings

Not surprisingly, some of the biggest tech giants, Apple Inc., Microsoft Corp., and Alphabet Inc. (Google), continue to be the top holdings for SevenBridge Financial Group. Despite the volatility in the tech sector in recent years, tech stocks remain popular with investors and analysts alike, and these three stocks have consistently shown growth.

While all three stocks saw a modest increase in the number of shares held by SevenBridge Financial Group, Apple Inc. saw a drop in the value of its holdings. This is likely due to the recent sell-off of tech stocks as investors shift their focus to other sectors.

LQD and VCIT Show Significant Increases

In contrast to the sell-off of tech stocks, SevenBridge Financial Group invested heavily in the iShares J.P. Morgan USD Emerging Markets Bond ETF (VCIT) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).

LQD saw a 27.7 percent increase in shares held by SevenBridge Financial Group, while VCIT increased by 2.8 percent. This is likely due to the strong performance of the bond market in recent years and the relative stability it offers compared to the volatility of the stock market.

SCHD and HSY Show Modest Increases

The Schwab U.S. Dividend Equity ETF (SCHD) and Hershey Co. (HSY) were also among the holdings that saw modest increases in shares held by SevenBridge Financial Group. SCHD saw a 1.2 percent increase in shares, while HSY saw a 9.5 percent increase.

While both stocks have shown consistent growth over the years, their performance has been relatively subdued compared to some of the other holdings in SevenBridge Financial Group's portfolio.

PFE, BAC, and LLY Show Significant Decreases

Some of the biggest decreases in holdings for SevenBridge Financial Group were seen in Pfizer Inc. (PFE), Bank of America Corp. (BAC), and Lilly Eli & Co. (LLY). PFE saw an 18.4 percent decrease in shares held, while BAC and LLY saw a 13.7 percent and 13 percent decrease, respectively.

This can be attributed to a decrease in investor confidence in the pharmaceutical and banking sectors. These two sectors have been under pressure in recent years and have faced increased scrutiny from regulators and investors.

NEE and HD Show Significant Increases

One of the most significant increases in holdings by SevenBridge Financial Group was seen in NextEra Energy Inc. (NEE) and Home Depot Inc. (HD). NEE saw an increase of 85.6 percent in shares held, while HD saw a 112.7 percent increase.

These stocks have shown consistent growth over the years and are likely to continue to perform well, especially as the global economy continues to recover from the pandemic.

Conclusion

SevenBridge Financial Group has shown that it is not afraid to make changes to its investment strategy, even in the face of uncertainty and volatility in the markets. The recent changes in holdings show a shift towards more stable investments like bonds, while still holding onto some of the biggest tech giants.

It will be interesting to see how these changes play out in the coming months and years, and whether this shift towards more stable investments will pay off for the firm and its investors.