The Shifting Landscape of First Horizon Advisors: Q3 2022 vs. Q4 2022

As the world of finance evolves and new investment opportunities arise, it's essential to keep an eye on the changes in holdings of top firms. One such firm is First Horizon Advisors, which recently released its Q3 2022 and Q4 2022 13F holdings comparison. The report highlights a fascinating picture of how the firm's investments have shifted over time. In this article, we'll explore the report and delve into the details of the most significant changes in holdings of First Horizon Advisors.

Before we dive into the report itself, it's essential to understand the basics of 13F filings. A 13F report is a quarterly form required to be filed with the Securities and Exchange Commission by institutional investment managers who manage over $100 million in assets. The report discloses these managers' holdings of publicly-traded securities in which they have invested. The report must be filed within 45 days of the end of each quarter, making it one of the most up-to-date sources of information regarding institutional investors' holdings.

Now, let's take a closer look at the Q3 2022 and Q4 2022 13F holdings comparison of First Horizon Advisors. The report shows that the firm has made significant changes to its holdings during this period. Some of the most notable changes in the firm's portfolio include:

- ISHARES CORE S&P 500 ETF (IVV): The firm increased its holdings in IVV from 110,645 shares in Q3 2022 to 134,342 shares in Q4 2022, representing a 30.1% increase in value. This move indicates that the firm has high confidence in this particular ETF and believes that it will continue to perform well.

- MICROSOFT CORP (MSFT): First Horizon Advisors reduced its holdings in MSFT from 203,999 shares in Q3 2022 to 202,460 shares in Q4 2022, representing a 2.2% decrease in value. Though this may seem like a small change, it could indicate that the firm is diversifying its holdings and reducing its exposure to certain technology stocks.

- SPDR S&P 500 ETF TRUST TRUST UNIT DEPOSITARY RECEIPT (SPY): The firm decreased its holdings in SPY from 122,336 shares in Q3 2022 to 118,366 shares in Q4 2022, representing a 3.6% decrease in value. This reduction in holdings could signal that First Horizon Advisors is taking a more cautious approach to investing in the S&P 500, or it could be reallocating its capital to other investments.

- VANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF (VEA): First Horizon Advisors increased its holdings in VEA from 343,046 shares in Q3 2022 to 355,471 shares in Q4 2022, representing a 19.6% increase in value. This move indicates that the firm is bullish on international equity and believes that this market will continue to perform well.

- VANGUARD TAX-EXEMPT BOND INDEX (VTEB): The firm increased its holdings in VTEB from 44,898 shares in Q3 2022 to 278,568 shares in Q4 2022, representing a massive 537.7% increase in value. This move indicates that First Horizon Advisors expects the municipal bond market to be a safe haven for investors, given the recent market volatility.

These five examples only scratch the surface of the changes in holdings of First Horizon Advisors. The report also shows changes in holdings of companies such as Apple, Chevron, Procter & Gamble, and many others.

In conclusion, as the investment landscape continues to evolve, it's crucial to keep an eye on how firms such as First Horizon Advisors are adapting to these changes. The Q3 2022 and Q4 2022 13F holdings comparison highlights some of the most significant changes in the firm's portfolio and offers valuable insights into the dynamics of the institutional investment market. Overall, the report indicates that First Horizon Advisors is taking a balanced approach to its investments and adjusting its holdings according to market conditions.