The Battle of Q4 2022 vs. Q1 2023: Welch & Forbes LLC's 13F Holdings Comparison

The end of the year brought some significant changes to the Welch & Forbes LLC portfolio, as their Q4 2022 holdings were compared against the Q1 2023 ones. In this battle of quarterly reports, several companies emerged as winners, while others faced some substantial losses. Let's dive in and see what has shifted in Welch & Forbes' 13F holdings.

Apple Takes a Slight Hit

Starting with the top player in Q4 2022, Apple Inc faced a small setback in Q1 2023. The number of Apple shares held by Welch & Forbes LLC went down from 1,848,062 to 1,830,311 in Q1 2023, which is a decrease of about 1%. While the dip may not be significant, the value of Apple shares in Welch & Forbes LLC's portfolio rose from $240,118,000 to $301,818,000, which is an increase of 25.7%. This increase is a good sign for the tech giant.

Microsoft Maintains Its Position

Microsoft Corp. remained stable from Q4 2022 to Q1 2023, with a marginal shift of 0.1%. In Q4, Welch & Forbes LLC held 918,532 shares of Microsoft Corp, and that number only slightly decreased to 917,600 in Q1 2023. However, the value of these shares increased from $220,282,000 to $264,544,000, which is a rise of 20.1%. Microsoft's value remained steady and showed no significant movement in this quarter.

O'Reilly Automotive Faces a Small Dip

O'Reilly Automotive Inc faced a slight decline from Q4 2022 to Q1 2023. The number of shares held by Welch & Forbes LLC decreased from 223,953 to 217,872, which is a drop of 2.1%. The value of these shares also fell from $189,023,000 to $184,969,000, showing a decline of 2.1%. While O'Reilly didn't see a significant loss, there was still some movement in its shares.

Visa Inc's Value Increases

Welch & Forbes LLC's investments in Visa Inc remained relatively stable, with only a marginal decrease of 0.3%. The number of shares fell from 775,456 in Q4 2022 to 773,678 in Q1 2023. However, the value of these shares saw an incredible rise from $161,108,000 to $174,433,000, which is an increase of 8.3%. Visa put up a great performance in the first quarter of 2023, reflecting the robustness of their payment processing platforms.

Danaher Corporation Faces a Small Loss

Danaher Corporation faced a slight decline in Q1 2023 compared to Q4 2022, with a decrease of 5.3%. The number of shares held by Welch & Forbes LLC dropped from 675,304 to 673,371, and the value of these shares also declined from $179,239,000 to $169,716,000. This slight loss is not concerning for the technology and life sciences conglomerate, but it is still an area worth watching.

Nvidia Corporation Booms

Nvidia Corporation showed an impressive growth in Q1 2023. Welch & Forbes LLC's investments in Nvidia increased from 578,733 shares in Q4 2022 to 561,469 in Q1 2023, which is an increase of 84.4%. The value of these shares surged from $84,576,000 to $155,959,000, showing an incredible rise of 84.4%. The leading computer graphics and artificial intelligence provider is undoubtedly an attractive investment opportunity for many.

Stryker Corporation Shines

Stryker Corporation emerged as another winner in Welch & Forbes LLC's Q1 2023 holdings. The number of shares in Stryker Corporation slightly increased from 534,799 in Q4 2022 to 531,626 in Q1 2023, which is a rise of 16.1%. The value of these shares also increased from $130,753,000 to $151,763,000, which is a rise of 16.1%. Stryker's Q1 2023 results showed its continued growth as a leader in the medical technology industry.

Final Thoughts

The Q1 2023 report of Welch & Forbes LLC's 13F holdings shed some light on the movement of stocks in this quarter. The report showed that some companies managed to maintain their value and growth, while others experienced small dips in their performance. Nvidia Corporation and Stryker Corporation emerged as the winners from Q1 2023. However, it's important to note that a quarterly report doesn't necessarily reflect a company's long-term potential.Retaining a broad portfolio can ultimately help investors minimize risk and achieve higher returns over time.