Shifting Fortunes: First Foundation Advisors Q3 vs. Q4 2022 Investment Report
Ava Hoppe | 29 April, 2023
As the year comes to a close, investment firms are getting ready to report on their asset holdings and transactions for the last quarter. First Foundation Advisors, a California-based wealth management firm, recently published its Q3 vs. Q4 2022 13F Holdings Comparison, revealing valuable insights into its portfolio changes.
According to the report, First Foundation Advisors made significant changes to its holdings, with several notable additions and exits. The most significant change was the stake increase in the iShares TR ETF (IEFA), with holdings jumping from 610,890 in Q3 to 739,162 shares in Q4, amounting to a 41.6% increase in value.
The report also revealed that First Foundation Advisors increased its stake in other ETFs, including the Vanguard Index Fund (VOO) and the iShares TR ETF (IWR). In contrast, it decreased its holdings in several tech giants such as Amazon (AMZN), Apple (AAPL), and Alphabet (GOOG), amounting to a 37.1%, 16.9%, and 9.8% loss in value, respectively.
The company also added new positions in Canadian railroad company Canadian Pac Ry (CP.TO), Brookfield Corp. (BN.TO), and Sunco Energy Inc. (SU.TO). The firm's stakes in these companies are notable as they present long-term growth potential given their industry outlook.
First Foundation Advisors holds substantial shares in the S&P 500 ETF (SPY) and the iShares TR ETF (IEMG), with its primary holdings being in the energy, healthcare, and financial sectors. The company's top ten holdings account for almost 46% of its portfolio, with Microsoft (MSFT), Berkshire Hathaway (BRK-B), and United Parcel Service (UPS) being its highest-weightage stocks.
In conclusion, First Foundation Advisors' Q3 vs. Q4 2022 13F Holdings Comparison shows that the company has sold off some of its tech holdings, likely because of concerns about overvaluation. Instead, the company has focused on building positions in ETFs that offer better exposure to high-growth potential sectors. The report also indicates a shift towards more diversified holdings, consistent with the firm's long-term investment strategy. As always, time will tell whether this strategy pays off or not.
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