WesBanco Bank Increases Stake in Apple and Microsoft: Q4 2022 13F Filings Analysis

Investment firms that manage billions of dollars for their clients are required to disclose their holdings through the 13F filings. These filings provide a summary of the portfolio holdings of the hedge fund or investment management firm, including the number of shares held, the value of those shares, and any changes in holdings over the previous quarter.

One firm that recently filed its 13F is WesBanco Bank, a financial institution based in West Virginia. According to their Q3 2022 vs Q4 2022 13F Holdings Comparison, WesBanco Bank has made several changes to its holdings during the fourth quarter. We will take a closer look at these changes and try to determine what they might mean for the company and its investors.

Starting with the biggest change in holdings, we see that WesBanco Bank has increased its holdings of Apple Inc. by almost 36%. The bank's holdings of Apple now stand at 949,841 shares with a value of $123,413,000. Apple has been one of the best-performing stocks over the last decade, with its share price increasing by more than 1,000% since 2010. It is also one of the largest companies in the world, with a market capitalization of over $3 trillion. Given these facts, it is not surprising to see WesBanco Bank increasing its stake in this tech giant.

Microsoft is another tech giant that seems to be attracting the attention of WesBanco Bank. The number of shares held by the bank has increased by more than 30%, with the current value of those shares at $66,881,000. Microsoft has been a steady performer over the years, with its stock price increasing by more than 500% in the last decade. The growth of Microsoft's cloud business has been a significant driver of its stock price growth, and it looks like WesBanco Bank believes that this growth will continue.

WesBanco Bank has also increased its holdings of Chevron Corporation by 43%. The bank now holds 235,440 shares in the company, valued at $42,260,000. Chevron is one of the largest oil and gas companies in the world, and despite concerns over climate change and the shift towards renewable energy, WesBanco Bank seems to be bullish on the company's future prospects.

Merck & Co. is another company that has seen an increase in its holdings by WesBanco Bank. The bank has increased its holdings in the company by almost 80%, with the current value of those shares at $43,449,000. Merck & Co. is a pharmaceutical company that has been in business for over 100 years. The company's long history and track record of developing successful drugs make it an attractive investment for many investors.

Moving away from the tech and pharma sectors, we see that WesBanco Bank has also increased its holdings of Walmart Inc. and Boeing. The bank's holdings of Walmart have increased by more than 20%, with the current value of those shares at $12,844,000. Boeing has seen a slight increase in its holdings by WesBanco Bank, with the current value of those shares at $8,483,000.

There are also some companies that WesBanco Bank has reduced its holdings in. These include Broadcom Inc., Johnson & Johnson, and Procter & Gamble. WesBanco Bank has reduced its holdings in these companies by more than 10%. It is unclear why the bank has reduced its holdings in these companies, but it could be due to concerns over the companies' future prospects or performance.

In conclusion, WesBanco Bank has made several changes to its holdings during the fourth quarter of 2022. The bank has increased its holdings in some of the world's largest and most successful companies, such as Apple and Microsoft. At the same time, it has reduced its holdings in some of the other big players, such as Johnson & Johnson and Procter & Gamble. It is clear that WesBanco Bank is bullish on the future prospects of the companies that it has increased its stake in. Whether these companies will deliver the growth that the bank is hoping for remains to be seen, but it is clear that WesBanco Bank is positioning itself for success in the years to come.