Verus Financial Partners, Inc. Q4 2022 vs. Q1 2023: Analyzing 13F Holdings Changes

Investment companies managing assets worth over $100 million need to file a quarterly report known as the 13F. In this report, they disclose the number of shares they own, the value, and any changes in holdings for a given quarter. In this blog post, we'll analyze the Q4 2022 vs. Q1 2023 13F holdings changes for Verus Financial Partners, Inc. Let's dive in!

Vanguard Funds Holdings Changes

Vanguard funds reported mixed results in the fourth quarter of 2022 as VEU, BSV, VBR, and IXUS saw their holdings reduce. However, BND holdings increased massively, from 64,910 shares to over a million shares, representing an increase of 1580%. The value of BND holdings increased from $4.81 million to $80.9 million.

The biggest percentage decrease came from VUSB, whose holdings reduced by a staggering 96%. In Q4 2022, Verus Financial held 1.31 million shares worth $64.51 million, which reduced to just 52,663 shares worth $2.59 million in Q1 2023. Other holdings like VXUS (-8.0%), VIG (-1.0%), VO (-8.4%), and VTV (-6.3%) also saw their values reduce.

American Century ETF Trust Holdings Changes

Verus Financial witnessed significant growth in its holdings for American Century ETF Trust securities, with AVIG and AVSF being the biggest gainers. AVIG holdings increased by 60.5%, while AVSF rose by 6.9%. In terms of value, AVIG holdings were worth $13.8 million, while AVSF holdings were worth $50.1 million in Q1 2023.

Dimensional ETF Trust Holdings Changes

Dimensional ETF Trusts had mixed results in Verus Financial's holdings changes. DFIV holdings increased by 54.1%, DFUV increased by 8.6%, while DFAX decreased by 1.2%. There was also a new addition to Verus Financial's holdings, with 45,768 shares of Dimensional ETF Trust being reported in Q1 2023.

Other Holdings Changes

Verus Financial's holdings in VXUS increased by 27.9%, while HCA increased by 3.4%. However, some holdings experienced declines, such as DVY (-17.1%), NSC (-17.5%), and VB (-16.7%). Additionally, some companies, including Apple, Microsoft, and Mondelez, saw an increase in Verus Financial's holdings.

Conclusion

From the analysis of Verus Financial Partners, Inc. Q4 2022 vs. Q1 2023 13F Holdings, it's clear that the investment firm made some significant changes to its portfolio. We saw massive increases in American Century ETF Trust securities and BND, while VUSB experienced a significant decline. It will be interesting to see how these changes bear out in the coming quarters.