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The Rise and Fall of ACG Wealth's Q2 2022 vs. Q3 2022 Holdings

Ava Hoppe | 28 April, 2023

Investment management can be a tricky game, and even seasoned professionals can misjudge market trends. ACG Wealth, like many other firms, experienced ups and downs in their Q2 2022 vs. Q3 2022 holdings. In this blog post, we'll explore some of the changes ACG Wealth experienced and try to determine what factors may have influenced their decision-making process.

Before we dive in, it's crucial to note that our analysis is based on publicly available data from ACG Wealth's 13F filings. We have no insider knowledge of their investment decisions or the reasoning behind them beyond what's on record. With that in mind, let's begin.

One of the most noticeable changes ACG Wealth made was to their holdings in Microsoft Corporation (MSFT). In Q2 2022, they held 49,203 shares with a value of $12,636,000. However, in Q3 2022, they reduced their holdings to 46,341 shares with a value of $10,793,000, a decrease of 14.6%.

On the other hand, ACG Wealth increased their holdings in Albemarle Corporation (ALB) by a significant margin. In Q2 2022, they held 18,455 shares with a value of $3,857,000. In Q3 2022, they increased their holdings to 17,572 shares with a value of $4,647,000, a rise of 20.5%.

Another notable change was to ACG Wealth's holdings in Phillips Edison & Co. Inc (PECO). In Q2 2022, they held 330,395 shares valued at $11,038,000. By Q3 2022, their holdings had dropped to 329,486 shares valued at $9,242,000, a decrease of 16.3%.

It's worth mentioning that ACG Wealth also made several smaller adjustments to their holdings, with some holdings increasing and others decreasing, sometimes negligibly. Nonetheless, these changes could be a reflection of the current market's volatility and the need to rebalance their portfolios accordingly.

While we can't know the reasoning behind ACG Wealth's trading actions with certainty, we can use market news to understand how the company might have arrived at some of their decisions.

For example, Microsoft faced several challenges in late 2021 and early 2022 that could have influenced ACG Wealth's decision to reduce their holdings. One significant challenge was the ongoing litigation between Microsoft and the U.S. government, which sued the company for allegedly monopolizing the gaming industry. Additionally, Microsoft released a controversial Windows 11 update in late 2021 that didn't win the hearts of all their users.

Similarly, Phillips Edison & Co. Inc has faced several significant challenges in recent years. The company filed for bankruptcy in 2020, which could have influenced ACG Wealth's decision to sell off their holdings.

On a more positive note, Albemarle Corporation has benefited from a strong market price for lithium, which is used in electric vehicle batteries. The demand for lithium has increased in the past few years, resulting in increased stock prices for companies like Albemarle.

In conclusion, ACG Wealth made some significant changes to their holdings during Q2 2022 and Q3 2022. While we can't be sure of their reasons for selling off some stocks and buying others, we can use market news to form some educated guesses. The current market is turbulent, and it's crucial for investment management firms like ACG Wealth to stay on top of developments to continue their success.

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