Towercrest Capital Management Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investing is a constantly changing game, with the markets and the companies within them constantly shifting and evolving. As such, it's important for investors to stay on top of trends and changes within their portfolios in order to make informed decisions about where to put their money. One way to do this is by analyzing 13F holdings reports, which show the holdings of institutional investors like hedge funds and investment management firms.

The most recent report from Towercrest Capital Management, which covers the third and fourth quarters of 2022, offers some interesting insights into the company's investments during this time period. In this blog post, we'll take a closer look at some of the most notable changes in Towercrest's holdings, and what they might mean for investors.

Q3 2022 vs. Q4 2022: The Numbers

To start, let's take a look at the overall changes in Towercrest's holdings between Q3 2022 and Q4 2022. According to the 13F filings, Towercrest increased its holdings in 17 companies, decreased its holdings in 24 companies, and left 4 positions unchanged. Overall, the company's total portfolio value increased from $437,584,000 in Q3 2022 to $469,733,000 in Q4 2022.

Notable Increases

One of the biggest increases in Towercrest's holdings was in JPMorgan Chase & Co (JPM), which saw its share count in the company rise from 9,421 in Q3 to 9,831 in Q4 - an increase of nearly 34%. This suggests that Towercrest has confidence in the financial sector and sees potential for growth in the coming months.

Towercrest also upped its holdings in Visa Inc (V), increasing its share count from 2,073 to 2,331 - a 31.6% increase. This suggests that the company is bullish on the payments industry and sees potential in the growth of electronic transactions.

Notable Decreases

On the flip side, Towercrest decreased its holdings in several companies as well. The most notable of these was Apple Inc (AAPL), which saw its share count fall from 64,781 in Q3 to 64,766 in Q4 - a decrease of 6 shares. While this may not seem significant, the fact that Towercrest reduced its holdings in one of the largest and most widely held companies in the world suggests that the company may see potential risks or pitfalls in Apple's future.

Towercrest also decreased its holdings in Pfizer Inc (PFE), reducing its share count from 7,241 to 7,241 - a decrease of 46 shares. This decrease may be due to concerns about the company's ability to maintain its market position in the face of increasing competition.

Other Changes

In addition to the increases and decreases in specific companies, Towercrest also made some broader changes to its portfolio. For example, the company increased its holdings in exchange-traded funds (ETFs) such as iShares TR (IEMG) and SPDR Index Shares FDS (SPDW), which suggests that the company may be looking to diversify its portfolio and take advantage of the broad-based exposure that ETFs provide.

Towercrest also decreased its holdings in some large-cap stocks like Procter & Gamble Co (PG) and The Walt Disney Co (DIS), which may suggest that the company is taking a more cautious approach to these types of investments due to concerns about valuations or potential market risks.

Conclusion

Overall, Towercrest Capital Management's Q3/Q4 13F holdings report offers a valuable glimpse into how the company managed its investments during this time period. While it's important to remember that these changes may not necessarily reflect the company's overall investment strategy, they do offer some interesting insights into the company's thinking and potential investment opportunities for other investors to consider. As always, it's important to do your own research and due diligence before making any investment decisions.