Ami Asset Management Corp: Q3 vs Q4 2022 13F Holdings Comparison

Ami Asset Management Corp Q3 2022 vs. Q4 2022 13F Holdings Comparison

Ami Asset Management Corp is a registered investment advisory firm that provides investment management services to individuals, pension and profit-sharing plans, trusts, endowments, foundations, corporations, and other institutions. The firm operates from its headquarters located in New York and was established in 1999.

As per the third quarter of 2022 reports, Ami Asset Management Corp invested heavily in the technology sector, with companies like Apple Inc, Microsoft Corp and Alphabet Inc. Class A being the top three holdings in terms of share value. The firm invested in 638,131 shares of Apple Inc valued at $88,190,000, 325,786 shares of Microsoft Corp valued at $75,876,000, and 590,439 shares of Alphabet Inc. Class A, valued at $56,475,000.

In contrast, during the fourth quarter of 2022, Ami Asset Management Corp decreased its holdings in Apple Inc, with a decline of 0.14% from 638,131 shares to 637,230 shares, and a decrease of 6.1% in the share value, from $88,190,000 to $82,795,000. In Microsoft Corp, the firm increased its holdings by 0.15% from 325,786 shares to 326,268 shares, resulting in a 3.1% increase in the share value, from $75,876,000 to $78,246,000. And finally, in Alphabet Inc. Class A, the firm decreased its holdings by 0.105% from 590,439 shares to 584,190 shares and a decline of 8.7% in share value, from $56,475,000 to $51,543,000.

The firm also increased its holdings in Charles Schwab Corp, with 2,391 shares totaling 741,289 shares valued at $53,276,000 during the third quarter of 2022 to 2,391 shares totaling 738,898 shares valued at $61,521,000 during the fourth quarter of 2022, a 15.5% increase in share value.

Moreover, Ami Asset Management Corp increased its holdings in Becton Dickinson & Co, Cintas Corp, and Pfizer Inc, with the company's share values rising by 30.5%, 15.4% and 16.1%, respectively.

In addition, during the third quarter of 2022, Ami Asset Management Corp invested in the Waste Management Inc, with holdings of 297,237 shares valued at $47,620,000. However, the firm sold some of its shares, with the holdings dropping by 2.3% during the fourth quarter of 2022, with 296,596 shares valued at $46,530,000.

With regards to its performance, the firm recorded a decline in the share value of Salesforce Inc, from $27,797,000 to $15,534,000, a decline of 44.1%. This was followed by Ballard Power Systems Inc, where the share value rose by 113.9%, from $17,937,000 to $38,362,000.

Furthermore, the firm invested in emerging companies like Powerschool Holdings Inc. Class A, Verra Mobility Corp Class A, Xometry Inc Class A, and Upwork Inc, with the share values rising by 14.1%, -28%, 1903%, and - 21.5%, respectively.

In conclusion, the third quarter of 2022 for Ami Asset Management Corp was characterized by heavy investment in the technology sector, with Apple Inc, Microsoft Corp, and Alphabet Inc. Class A being the top holdings in terms of share value. However, during the fourth quarter of 2022, the firm decreased its holdings in some of its top holdings. There were also changes in the share value of certain companies, with some performing well and others seeing a decline. It is clear that Ami Asset Management Corp invests in a diverse range of companies, from both established to emerging companies, indicating its focus on providing its clients with diversified investment opportunities.