The Rise and Fall of Thrivent Financial for Lutherans' Q3 2022 vs. Q4 2022 Holdings

Thrivent Financial for Lutherans is a Minnesota-based not-for-profit mutual company that provides financial services, such as insurance, wealth management, and asset management services. As a financial institution, Thrivent Financial is required to file quarterly reports with the Securities and Exchange Commission, known as Form 13F, which provides insights into the company's equity holdings in various companies. In this article, we will analyze Thrivent Financial's Q3 2022 vs. Q4 2022 13F holdings comparison and discuss the changes that occurred during the period.

At the end of Q3 2022, Thrivent Financial held shares in 44 different companies, worth a total of $21.99 billion. During the quarter, the company made some significant changes to its portfolio, which resulted in a decline in its total value. In Q4 2022, Thrivent Financial's total holdings decreased to $20.81 billion, representing a 5.36% decrease from the previous quarter. Let's delve into the details of these changes.

Technology Stocks Take a Hit

Thrivent Financial's biggest loss in Q4 2022 came from its technology holdings. The company held 4,099,892 shares in Microsoft at the end of Q3 2022, but reduced its holdings to 3,760,783 by Q4 2022. This resulted in a 5.6% decline in the number of shares held and a 5.6% decrease in the total value of the company's Microsoft holdings. Similarly, the firm's holdings in Apple and Alphabet also decreased by 33.2% and 22.1%, respectively. The downturn in these technology stocks was a significant contributor to the fall in Thrivent Financial's total holdings.

Financial Stocks on the Rise

Despite the significant decline in its technology holdings, Thrivent Financial witnessed an increase in the value of its financial holdings. The company's holdings in Charles Schwab increased by 4.3%, while its holdings in JPMorgan Chase and Co. and Bank of America Corp increased by 104% and 11.8%, respectively. The financial sector's strong performance helped offset the loss from the technology sector, helping Thrivent Financial maintain a significant portion of its portfolio value.

Other Key Changes in Holdings

Thrivent Financial's Q3 2022 vs. Q4 2022 13F holdings comparison reveals many more changes to the company's portfolio. The firm's holdings in Elevance Health Inc. and Meta Platforms Inc. increased by 18% and 22.9%, respectively, while its holdings in NVIDIA Corporation and Pioneer Natural Resources Co. also witnessed a slight increase of 3% and 1.6%. In contrast, holdings in PayPal Holdings Inc. went down by 16.3%. The company's total shares in Tesla Inc. went down by a staggering 28%, resulting in a 67% decrease in the total value of its Tesla holdings.

Conclusion

Thrivent Financial for Lutherans' Q3 2022 vs. Q4 2022 13F holdings comparison demonstrates that the financial world can be fickle, and investments that appear promising may swiftly decline within a few short months. The shift towards the financial sector and the decline in technology holdings demonstrate how critical it is for investors to stay vigilant and continuously reassess their portfolio. Thrivent Financial's quarterly reports and subsequent analysis of them can provide valuable insights for investors looking to make informed decisions about their financial future.