A Deep Dive into Access Financial Services' Q4 2022 vs. Q1 2023 Holdings

Access Financial Services, Inc. recently released its 13F filings for Q4 2022 and Q1 2023, revealing major changes in holdings for the financial services provider’s portfolio. These changes signify a shift in investment strategy for the company, as certain investments were increased while others saw significant decreases.

One of the top performers in the portfolio was Microsoft Corp. (MSFT), with Q1 2023 holdings at 11,833 shares – up from 12,263 in Q4 2022. This equates to a rise of 16% in value from $2.94 billion to $3.41 billion.

Another positive investment for Access Financial Services was Qualcomm Inc. (QCOM), which saw a 27.4% increase in shares from Q4 2022 to Q1 2023 with holdings at 15,807 shares. The option type remained the same for both quarters, and the value for Q1 was $2016 million, up from $1583 million in Q4 2022.

On the other hand, Procter & Gamble Co. (PG) showed significant gains, with 12,893 shares held in Q1 2023 – up from 9899 shares in Q4 2022. The value for these shares also increased from $1500 million to $1917 million, signifying a strong investment decision for the company.

However, not all investments were successful during this time period. A prime example of this is the Select Sector SPDR Trust Utilities ETF (XLU), which saw an astronomical increase of 230.1% in share holdings from Q4 2022 to Q1 2023, with 12,664 shares held in Q1 compared to a mere 3683 in Q4 2022. But despite the surge in investments, the value increased only from $259 million to $857 million.

Another investment that saw a steep decline was Pfizer Inc. (PFE), with shares dropping from 47,275 in Q4 2022 to 48,774 in Q1 2023. The value of the shares also fell from $2422 million to $1989 million – a decrease of 17.8%.

Access Financial Services, Inc. also decreased its holdings in the Select Sector SPDR Trust Technology ETF (XLK) from 12,455 in Q4 2022 to 12,538 in Q1 2023. However, the value of these shares increased from $1549 million to $1893 million.

In conclusion, Access Financial Services, Inc. made some significant changes to its investments in Q4 2022 and Q1 2023. Although some investments were successful, others saw significant losses. Regardless, these changes signify the company’s willingness to take risks with investments and to adapt as necessary to optimize its portfolio.