Wesbanco Bank Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

Wesbanco Bank Inc, a renowned financial institution, recently released its Q1 2023 and Q2 2023 13F Holdings Comparison report. This report provides valuable insights into the changing investment strategies of the bank. Let's dive into the details and explore the significant changes in holdings during this period.

1. APPLE INC:

In Q1 2023, Wesbanco Bank Inc held 941,518 shares of Apple Inc, with a value of $155,256,000. However, in Q2 2023, the number of shares dropped to 891,140, representing an 11.3% decrease. Despite the reduction in shares, the value increased to $172,855,000, marking a positive change of 11.3%.

2. MICROSOFT:

Similar to Apple Inc, Wesbanco Bank Inc also experienced a decrease in holdings of Microsoft. In Q1 2023, they held 284,014 shares, while in Q2 2023, the number dropped to 271,734, reflecting a 13% decrease. However, the value increased from $81,881,000 to $92,537,000, representing a positive change of 13%.

3. EXXON MOBIL CORP:

Wesbanco Bank Inc's holdings in Exxon Mobil Corp witnessed a minimal change during this period. They held 468,535 shares in Q1 2023, which slightly increased to 472,520 shares in Q2 2023, indicating a negligible change of -1.4%. The value of these holdings also remained stable at $51,379,000 and $50,678,000 in Q1 and Q2 2023, respectively.

4. AMAZON.COM:

In Q1 2023, Wesbanco Bank Inc held 393,337 shares of Amazon.com. However, in Q2 2023, the number reduced to 384,575, resulting in a 23.4% decrease. Despite the decrease in shares, the value increased from $40,628,000 to $50,133,000, marking a positive change of 23.4%.

5. JP MORGAN CHASE:

Wesbanco Bank Inc increased its holdings in JP Morgan Chase during this period. In Q1 2023, they held 307,167 shares, which increased to 341,085 shares in Q2 2023, representing a 23.9% increase. The value of these holdings also saw a significant boost from $40,027,000 to $49,608,000, indicating a positive change of 23.9%.

6. I SHARES:

Wesbanco Bank Inc demonstrated substantial growth in its holdings of I Shares, a renowned asset management company. In Q1 2023, they held 404,031 shares, which significantly increased to 478,693 shares in Q2 2023, marking a 16.5% increase. The value of these holdings also saw a positive change from $40,257,000 to $46,887,000.

7. BROADCOM INC:

Wesbanco Bank Inc reduced its holdings in Broadcom Inc during this period. In Q1 2023, they held 61,645 shares, which decreased to 52,352 shares in Q2 2023, indicating a 14.8% decrease. The value of these holdings also decreased from $39,548,000 to $45,412,000, reflecting the decrease in shares.

8. WESBANCO INC:

Interestingly, Wesbanco Bank Inc witnessed a significant decrease in its own holdings, Wesbanco Inc. In Q1 2023, they held a substantial number of shares, amounting to 1,748,253, which decreased to 1,740,308 in Q2 2023, indicating a -17% change. The value of these holdings also dropped from $53,671,000 to $44,569,000, marking a negative change of -17%.

9. JOHNSON & JOHNSON:

Wesbanco Bank Inc experienced a slight increase in its holdings of Johnson & Johnson. In Q1 2023, they held 261,635 shares, which marginally increased to 262,724 shares in Q2 2023, representing a positive change of 7.2%. The value of these holdings also increased from $40,553,000 to $43,486,000.

10. PROCTER & GAMBLE:

Wesbanco Bank Inc increased its holdings in Procter & Gamble during this period. In Q1 2023, they held 269,943 shares, which increased to 278,360 shares in Q2 2023, indicating a 5.2% increase. The value of these holdings also saw a positive change from $40,137,000 to $42,238,000.

These are just a few examples illustrating the changes in Wesbanco Bank Inc's holdings during Q1 2023 and Q2 2023. The data not only highlights the bank's investment strategies but also provides valuable insights into the ever-changing landscape of the market. As an investor or financial enthusiast, staying updated with such information can prove beneficial for making informed investment decisions.

Please note that the above information is based on the publicly available data released by Wesbanco Bank Inc. It is crucial to conduct your own research and analysis before making any investment decisions.