Spence Asset Management Q1 2023 vs. Q2 2023 13F Holdings Comparison
Ava Hoppe | 18 July, 2023
In the ever-changing world of finance, it is crucial for investors and fund managers to stay updated on the performance of their investments. One way to gauge this performance is through the quarterly filing of Form 13F, which provides a snapshot of a fund's holdings.
Spence Asset Management recently released its Q1 2023 and Q2 2023 13F holdings comparison. This comparison offers valuable insights into the shifts and changes in the fund's portfolio during this period.
Here are some notable changes in Spence Asset Management's holdings:
1. Visa Inc. (V): Spence Asset Management increased its holdings of Visa Inc. from 115,325 shares in Q1 2023 to 115,960 shares in Q2 2023. The value of these shares also increased from $26,001,000 to $27,000,000.
2. Mastercard Incorporated (MA): The fund's holdings of Mastercard Incorporated saw a minor increase from 69,065 shares in Q1 2023 to 69,501 shares in Q2 2023. The value of these shares also rose from $25,099,000 to $27,000,000.
3. Adobe Systems Incorporated (ADBE): Spence Asset Management maintained a relatively stable position in Adobe Systems Incorporated, with 48,765 shares in Q1 2023 and 48,862 shares in Q2 2023. The value of these shares increased from $18,792,000 to $19,000,000.
4. Idexx Labs Inc. (IDXX): The fund increased its holdings of Idexx Labs Inc. from 41,908 shares in Q1 2023 to 42,085 shares in Q2 2023. The value of these shares also rose from $20,957,000 to $21,000,000.
5. Tyler Technologies Inc. (TYL): Spence Asset Management experienced a slight increase in its holdings of Tyler Technologies Inc., with 49,044 shares in Q1 2023 and 49,344 shares in Q2 2023. The value of these shares increased from $17,392,000 to $18,000,000.
6. Alphabet Inc. (GOOG): The fund made a significant change in its holdings of Alphabet Inc., reducing its shares from 219,464 in Q1 2023 to 165,710 in Q2 2023. The value of these shares also decreased from $22,824,000 to $16,000,000.
7. Ansys Inc. (ANSS): Spence Asset Management increased its holdings of Ansys Inc. from 59,629 shares in Q1 2023 to 60,259 shares in Q2 2023. The value of these shares remained relatively stable at $19,844,000.
8. Gartner Inc. (IT): The fund significantly increased its holdings of Gartner Inc., with 38,235 shares in Q1 2023 and 56,359 shares in Q2 2023. The value of these shares rose from $12,455,000 to $56,000,000.
9. Intuitive Surgical Inc. (ISRG): Spence Asset Management increased its holdings of Intuitive Surgical Inc. from 80,213 shares in Q1 2023 to 57,558 shares in Q2 2023. The value of these shares also decreased from $20,492,000 to $57,000,000.
10. Microsoft Corp. (MSFT): The fund reduced its holdings of Microsoft Corp. from 78,463 shares in Q1 2023 to 55,744 shares in Q2 2023. The value of these shares also went down from $22,620,000 to $55,000,000.
These are just a few examples of the changes in Spence Asset Management's holdings during the Q1 2023 and Q2 2023 period. The fund's portfolio adjustments reflect its strategy and vision for investment. It is essential to note that these changes are based on various factors, including market conditions, company performance, and fund managers' analysis.
Investors and analysts can use this information to gain insights into Spence Asset Management's investment decisions and stay updated on market trends. However, it is always important to conduct thorough research and analysis when making investment decisions, taking into account personal financial goals and risk tolerance.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. Investing in the stock market involves risks, and individuals should consult with a financial professional before making any investment decisions.
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