The Rise and Fall of RFG Advisory, LLC's Q3 2022 vs. Q4 2022 Holdings

RFG Advisory, LLC is a registered investment advisor providing wealth management and financial planning services to clients. The company recently released its 13F holdings report for Q3 2022 and Q4 2022, showcasing some changes in the fund's overall holdings. In this article, we will take a closer look at some of the significant movements and discuss what it could mean for RFG Advisory, LLC and its investors.

Firstly, let's take a brief overview of the 13F holdings comparison report. The report lists 31 different securities, along with their option type (if applicable), total share holdings for Q3 2022 and Q4 2022, the respective value of each holding in thousands of dollars, and the percentage of change in holdings between Q3 and Q4. The securities range from the INVESCO EXCHANGE TRADED FD T to the GLOBAL X FDS, covering a diverse range of industries from technology to financials to energy.

One of the most significant movements in the fund's holdings comes from the FIDELITY MERRIMACK STR TR security (FBND), which saw a staggering 10050.2% increase in share holdings between Q3 and Q4, going from 22590 to 2165992 shares. The value of the holding also increased from $991 thousand to $100,588 thousand, representing a substantial investment in the security by RFG Advisory, LLC. On the flip side, the INVESCO QQQ TR (QQQ) saw a 67.4% decrease in shares held between Q3 and Q4, going from 82181 to 23602 shares, resulting in a decrease in the value of the holding from $22151 thousand to $7226 thousand.

Another noteworthy change was in the Dimensional ETF Trust securities, where DFAX had a 1298.3% increase in share holdings, going from 268567 to 3320036 shares, while DFLV had a 0% holding in Q3 and a 368368 share holding in Q4, representing a new investment in the security. Other securities that saw significant changes include the VANGUARD INDEX FDS securities (VOO and VTI), SPDR SER TR security (SPYG), and the ISHARES TR security (MTUM and IJR), among others.

What do these changes in holdings mean for RFG Advisory, LLC and its investors? It's essential to note that 13F filings are made 45 days after the end of each quarter and only cover long holdings. Therefore, it's not a real-time representation of the current portfolio position. Also, the 13F filings do not show short positions or the hedge fund's complete holdings, so it's crucial to view this information in the context of other available data.

However, analyzing the changes in holdings filed by RFG Advisory, LLC over two quarters can provide insight into the fund's investment strategy and overall market conditions. For instance, the increase in FBND share holdings highlights the fund's interest in fixed income securities, while the decrease in QQQ holdings shows a lack of confidence in the security's short-term performance. On the other hand, the increase in Dimensional ETF Trust shares may indicate a shift towards passive investing and a preference for low-cost index funds over active management.

In conclusion, RFG Advisory, LLC's 13F holdings comparison report for Q3 2022 and Q4 2022 shows some interesting changes in the fund's overall holdings. While it's not a complete representation of the fund's current portfolio position, it provides insights into the fund's investment strategy and market conditions. Investors should use this information in conjunction with other available data to make informed investment decisions.