Westside Investment Management, Inc. Q1 2023 vs. Q2 2023: A Comprehensive Analysis of 13F Holdings Changes

Westside Investment Management, Inc. recently released its 13F Holdings Comparison report for Q1 2023 and Q2 2023. This report provides valuable insights into the changes in the company's holdings during this period. In this article, we will explore the key highlights of this report and analyze the implications of these changes.

During Q1 2023, Westside Investment Management, Inc. made significant adjustments to its portfolio. One noteworthy change was the reduction in its holdings of Apple Inc. (AAPL) from 105,591 shares to 96,301 shares, representing a 7.3% decrease. Although the value of these holdings increased from $17,350,000 to $18,624,000, the decision to reduce the number of shares indicates a shift in investment strategy.

Another notable change was observed in Westside Investment Management, Inc.'s holdings of Vanguard Total (VTI). While the number of shares remained relatively stable, there was a slight decrease from 53,142 shares to 51,261 shares, reflecting a 4.1% change. Despite the decrease in shares, the value of these holdings showed a small increase from $10,846,000 to $11,291,000.

Interestingly, Westside Investment Management, Inc. also made a surprising move in its holdings of Invesco QQQ (QQQ). Initially holding 32,259 shares, the company significantly increased its position, acquiring an additional 2,381,896 shares, resulting in a total of 3,016,178 shares. This drastic change indicates a strong belief in the performance and potential of Invesco QQQ in the market.

Similar to its approach with Invesco QQQ, Westside Investment Management, Inc. made substantial additions to its holdings of Vanguard High (VYM). The company acquired an additional 91,131 shares, bringing the total number of shares to 92,746. This move, along with the slight increase in the value of these holdings from $9,660,000 to $9,837,000, suggests a positive outlook on the performance of Vanguard High.

A significant decrease in holdings was observed for Microsoft Corp. (MSFT) in Westside Investment Management, Inc.'s portfolio. The company reduced its position from 26,885 shares to 25,717 shares, representing a 12.9% decrease. Although the value of these holdings increased from $7,750,000 to $8,749,000, the decision to decrease the number of shares implies a shift in investment focus.

Another noteworthy change was found in the holdings of iShares Core (IEFA). Westside Investment Management, Inc. reduced its position from 114,613 shares to 103,122 shares, reflecting a significant 9.2% decrease. Despite the decrease in shares, the value of these holdings remained relatively constant at $7,661,000 and $6,960,000 for Q1 2023 and Q2 2023, respectively.

In addition to these changes, Westside Investment Management, Inc. made adjustments to its holdings of other prominent companies, including Amazon.com Inc. (AMZN), Uber Technologies (UBER), Alphabet Inc. (GOOGL), SPDR Series (SDY), SPDR Gold (GLD), and many more. These adjustments highlight the dynamic nature of the investment landscape and the importance of actively managing portfolios to maximize returns.

In conclusion, Westside Investment Management, Inc.'s Q1 2023 vs. Q2 2023 13F Holdings Comparison report provides valuable insights into the company's investment strategy and portfolio adjustments. The changes observed in the company's holdings indicate a forward-thinking approach and a willingness to adapt to market conditions. As investors, it is essential to stay informed about such changes in order to make informed decisions about our own investment portfolios.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered investment advice. Always conduct thorough research and consult with a qualified investment advisor before making investment decisions.