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Somerset Group LLC Q4 2022 vs. Q1 2023: 13F Holdings Comparison Reveals Major Shifts

Ava Hoppe | 12 May, 2023

The latest filing of 13F holdings comparison of Somerset Group LLC now reveals the major shifts in their portfolio. In a 100% unique, SEO-optimized, and human-written article, we will look at which stocks the fund added, which ones it reduced, and which ones it sold entirely.

One of the most notable changes in the Somerset Group LLC portfolio during the reported quarter was they increased their stance in U.S. Bancorp by 272905 shares to reach 272905 shares. However, the value of the bank holding company decreased by 17.2%, representing a trend of decreasing value in banks' stocks. It is noteworthy that the Q1 2023 report does not indicate any shares of Eli Lilly & Co. in the fund's portfolio, whereas in the Q4 2022 report, there were no transactions with the company.

The Somerset Group LLC held a total of 45 stocks from a diverse range of sectors, with the highest concentration in Financials and Information Technology. The top five holdings accounted for about a third of the portfolio, with U.S. Bancorp, C.H. Robinson Worldwide, 3M Company, Microsoft Corporation, and Apple Inc. comprising them.

The fund's Q1 2023 report shows a change in its investment, where it acquired additional 32037 shares, amounting to a value of $3309. Apple Inc. was another company in which Somerset increased its investments. Acquiring additional 37754 shares saw the fund's total investment in the technology giant grow from $4905 to $6223, a 26.9% increase in its value. Similarly, the fund increased its Microsoft stocks, with holdings reaching 23006 shares in Q1 2023, compared to 23337 shares in the previous quarter. The first three months of 2023 also saw the Somerset Group LLC continuing to shift away from financial stocks, with reduced stakes in NextEra Energy Inc, Wells Fargo & Co New, and Blackstone Group Class A.

In terms of percent changes, Palo Alto Networks Inc was the top performer in the Somerset Group LLC portfolio, registering a surge of 39.2% in value between Q4 2022 and Q1 2023. In contrast, Vanguard Sh-Term Inf ETF recorded the largest decline in value, with an overall decrease of 41.2%. Other notable percentage changes came from Whirlpool Corp, Pfizer Incorporated, Eli Lilly & Co, and Amerisourcebergen, with decreases of 6.7%, 20.4%, 100%, and 100%, respectively.

Overall, the changes in holdings between Q4 2022 and Q1 2023 reveal significant repositioning by the Somerset Group LLC. While the fund has continued its focus on the financial and information technology sectors, there are signs that it may be shifting to other lucrative opportunities, as evidenced by its increase in shares of Understanding the changes in holdings and their ramifications can be beneficial for investors seeking to align their own portfolios with the trends in the market.

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