Sheets Smith Wealth Management Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

Investors are always on the lookout for insights into the holdings of institutional players to make informed decisions about their own investments. In this article, we will analyze the changes in holdings of Sheets Smith Wealth Management's 13F portfolio from Q2 2023 to Q3 2023. This analysis will provide valuable information about the stocks that Sheets Smith Wealth Management has been buying or selling, offering readers an opportunity to gain insights into their investment strategy. Let's dive into the details.

Holdings Analysis:

1. ISHARES TR (Ticker: IVV):

Sheets Smith Wealth Management reduced their holdings in ISHARES TR (IVV) by 4.6% from Q2 2023 to Q3 2023. The number of shares decreased from 55,402 to 54,835, with a corresponding decrease in value from $24,693,000 to $23,547,000.

2. PEPSICO INC (Ticker: PEP):

There was a minor change in Sheets Smith Wealth Management's holdings of Pepsico Inc (PEP). They increased their holdings by just 8 shares, bringing the total number of shares owned to 115,712. Despite this small increase, the value of their holdings decreased by 8.5% from Q2 2023 to Q3 2023.

3. COCA COLA CO (Ticker: KO):

Sheets Smith Wealth Management maintained their holdings in Coca Cola Co (KO) with no change in the number of shares owned, which remained at 331,635. However, the value of their holdings decreased by 6.9% from Q2 2023 to Q3 2023.

4. ISHARES TR (Ticker: SUB):

The most significant change in holdings occurred in ISHARES TR (SUB), where Sheets Smith Wealth Management reduced their holdings by 16.7%. The number of shares decreased from 196,974 to 164,015, with a corresponding decrease in value from $20,493,000 to $16,870,000.

5. ALPHABET INC (Ticker: GOOG):

Sheets Smith Wealth Management increased their holdings in Alphabet Inc (GOOG) by 12.5% from Q2 2023 to Q3 2023. The number of shares owned rose from 107,343 to 110,733, with a corresponding increase in value from $12,982,000 to $14,600,000.

6. COPART INC (Ticker: CPRT):

Sheets Smith Wealth Management reduced their holdings in Copart Inc (CPRT) by 6.3% from Q2 2023 to Q3 2023. The number of shares decreased from 161,543 to 320,486, with a corresponding decrease in value from $14,734,000 to $13,809,000.

7. SCHWAB STRATEGIC TR (Ticker: SCHX):

Sheets Smith Wealth Management made a minor change in their holdings of Schwab Strategic Tr (SCHX). There was a 0.8% decrease in the number of shares owned, which went from 263,382 to 270,533. The value of their holdings remained relatively stable with just a 0.1% decrease from Q2 2023 to Q3 2023.

8. VISA INC (Ticker: V):

Sheets Smith Wealth Management reduced their holdings in Visa Inc (V) by 3.9% from Q2 2023 to Q3 2023. The number of shares decreased from 59,321 to 58,864, with a corresponding decrease in value from $14,087,000 to $13,539,000.

9. EXXON MOBIL CORP (Ticker: XOM):

Sheets Smith Wealth Management reduced their holdings in Exxon Mobil Corp (XOM) by 7.8% from Q2 2023 to Q3 2023. The number of shares decreased from 113,561 to 111,693, with a corresponding increase in value from $12,179,000 to $13,132,000.

10. APPLE INC (Ticker: AAPL):

There was a significant decrease in Sheets Smith Wealth Management's holdings of Apple Inc (AAPL). They reduced their holdings by 14.5%, with the number of shares decreasing from 78,729 to 76,278. The value of their holdings also decreased from $15,271,000 to $13,059,000.

Conclusion:

Analyzing the changes in holdings of institutional players like Sheets Smith Wealth Management can provide valuable insights for investors. From this analysis, we can see that Sheets Smith Wealth Management made various adjustments to their portfolio, with some significant changes in holdings and corresponding changes in value. These insights can help investors make informed decisions about their own investments and potentially identify investment opportunities. It is essential to note that these holdings are subject to change as per the investment strategy of Sheets Smith Wealth Management.