Smith, Salley & Associates Q3 2023 vs. Q4 2023 13F Holdings Comparison

Steady Growth: A Closer Look at Smith, Salley & Associates' Q3 2023 vs. Q4 2023 Holdings

In the dynamic world of finance, investment funds play a crucial role in shaping the market. One such fund that has been making waves is Smith, Salley & Associates. Known for their astute investment decisions, they recently released their 13F holdings for Q3 and Q4 of 2023. Let's dive into the data and analyze the changes in their portfolio.

Microsoft Continues to Soar

Topping the charts is Microsoft Corp, with a significant increase in holdings. Smith, Salley & Associates added 7,179 shares of the tech giant's stock, translating to a value of $18.9 million. This move demonstrates their confidence in Microsoft's future prospects.

Apple Inc. on the Rise

Apple Inc. also saw a positive shift in Smith, Salley & Associates' portfolio. The fund added 13,039 shares of Apple stock, worth $12.3 million. This increase reflects their belief in Apple's ability to maintain its position as a global leader in technology and innovation.

Berkshire Hathaway Inc Del Shows Steady Growth

Staying true to their investment strategy, Smith, Salley & Associates increased their holdings in Berkshire Hathaway Inc Del. With an additional 3,673 shares, valued at $2,052,000, this move indicates their confidence in the long-term potential of Warren Buffett's conglomerate.

Amazon Sees Substantial Growth

Another notable change in Smith, Salley & Associates' portfolio is their increased investment in Amazon.com Inc. The fund added 10,394 shares, valued at $8.3 million, signaling their belief in the e-commerce giant's continued dominance in the market.

Alphabet Inc. Displays Consistent Performance

Smith, Salley & Associates maintained their faith in Alphabet Inc., the parent company of Google. Though the increase in holdings was modest, with an additional 6,848 shares valued at $4.6 million, it signifies their belief in Alphabet's ability to maintain steady growth over time.

Financial Institutions Remain Favorable

The fund continued to invest in financial institutions, with JPMorgan Chase & Co and Visa Inc being key additions. Their confidence in these companies is evident, as they increased their holdings by 1,114 shares of JPMorgan stock and 4,435 shares of Visa stock.

NVIDIA Corporation: A Promising Bet

Smith, Salley & Associates added to their holdings in NVIDIA Corporation, one of the leading semiconductor companies in the world. The fund acquired 2,250 shares, valued at $2.2 million, indicating their confidence in NVIDIA's future growth potential.

Meta Platforms Inc: Embracing the Metaverse

With the rising popularity of the metaverse, Smith, Salley & Associates showed their interest in Meta Platforms Inc, the company behind Facebook. The fund added 3,437 shares, valued at $6.0 million, reflecting their belief in the future of virtual reality and the metaverse.

ABBVIE Inc Sees Steady Growth

Smith, Salley & Associates continued to invest in the healthcare sector, with an increase in their holdings of AbbVie Inc. Adding 3,815 shares, worth $1.2 million, demonstrates their confidence in AbbVie's pharmaceutical products and pipeline.

Renewed Focus on Tech Giants

The fund also increased their investments in other tech giants like NVIDIA Corporation, Visa Inc, and Alphabet Inc. Their rationale behind these decisions could be linked to the rapid advancement of technology and the increasing reliance on digital platforms in today's world.

Overall Portfolio Analysis

Upon analyzing the changes in Smith, Salley & Associates' portfolio, it becomes evident that they remain focused on long-term growth opportunities. Their increased investments in tech giants, financial institutions, and companies at the forefront of innovation demonstrate their commitment to creating a diversified and forward-thinking portfolio.

Disclaimer: The information provided in this article is for informational purposes only and should not be taken as financial advice. Please consult with a professional advisor before making any investment decisions.

Sources:

- Data provided in the Smith, Salley & Associates Q3 2023 vs. Q4 2023 13F Holdings Comparison CSV.