Analyzing Butensky & Cohen Financial Security, Inc's Q4 2022 vs. Q1 2023 Holdings

Over the last year, the stock market has been volatile, making it challenging for investors to predict which stocks to buy, hold onto, or sell. One way to get an insight into the stocks that hedge funds and institutional investors are trading is by analyzing their 13F filings with the Securities and Exchange Commission (SEC).

In this blog post, we will look at Butensky & Cohen Financial Security, Inc's Q4 2022 vs. Q1 2023 holdings, based on their 13F filing with the SEC. We will analyze the fund's top holdings, biggest gainers, and biggest losers to provide insights into their investment strategy.

Introduction to Butensky & Cohen Financial Security, Inc

Butensky & Cohen Financial Security, Inc is an investment management firm founded in 1990. The firm manages around $630 million in assets and provides investment advisory services to individuals, high net-worth individuals, and institutional clients. Their investment philosophy is centered on a value-driven approach that seeks to identify undervalued assets with strong fundamentals and a potential for long-term growth.

Top Holdings

The firm's top five holdings in Q1 2023, by value, were:

- UNILEVER PLC SPON ADR NEW (NYSE: UL): Butensky & Cohen increased its holdings of Unilever by 2.4%, with a total of 98,822 shares worth $5.13 million.

- CISCO SYS INC (NASDAQ: CSCO): The firm increased its holdings of Cisco by 10.6%, holding a total of 96,653 shares worth $5.05 million.

- QUALCOMM INC (NASDAQ: QCOM): Butensky & Cohen increased its holdings of Qualcomm by 16.9%, with a total of 38,839 shares worth $4.95 million.

- TARGET CORP COM (NYSE: TGT): The firm increased its holdings of Target by 12.7%, holding a total of 29,379 shares worth $4.87 million.

- UNITED PARCEL SERVICE INC (NYSE: UPS): Butensky & Cohen increased its holdings of UPS by 12%, holding a total of 24,808 shares worth $4.81 million.

Biggest Gainers

The firm's biggest gainers in Q1 2023, by percentage holdings, were:

- NEXTERA ENERGY INC COM (NYSE: NEE): Butensky & Cohen increased its holdings of NextEra Energy by an astonishing 1,467.5%, holding a total of 46,532 shares worth $3.59 million.

- AMAZON COM INC COM (NASDAQ: AMZN): The firm added Amazon to its holdings, with a total of 30,003 shares worth $3.1 million.

- TECHNOLOGY SELECT SECTOR SPDR (NYSEARCA: XLK): Butensky & Cohen increased its holdings of the XLK ETF by 19.8%, holding a total of 21,011 shares worth $3.17 million.

- ALPHABET INC CL A (NASDAQ: GOOGL): The firm increased its holdings of Alphabet by 20.7%, holding a total of 38,797 shares worth $4.02 million.

- WALT DISNEY CO/THE (NYSE: DIS): Butensky & Cohen increased its holdings of Disney by 22.9%, holding a total of 26,472 shares worth $2.65 million.

Biggest Losers

The firm's biggest losers in Q1 2023, by percentage holdings, were:

- CVS HEALTH CORP COM (NYSE: CVS): Butensky & Cohen decreased its holdings of CVS by 18%, holding a total of 50,450 shares worth $3.75 million.

- REALTY INCOME CORP (NYSE: O): The firm increased its holdings of Realty Income by 4.3%, holding a total of 71,875 shares worth $4.55 million.

- ALLSTATE CORP (NYSE: ALL): Butensky & Cohen decreased its holdings of Allstate by 18.6%, holding a total of 32,358 shares worth $3.59 million.

- JOHNSON & JOHNSON COM (NYSE: JNJ): The firm decreased its holdings of Johnson & Johnson by 11.4%, holding a total of 26,362 shares worth $4.09 million.

- CHEVRON CORP NEW COM (NYSE: CVX): Butensky & Cohen decreased its holdings of Chevron by 9.4%, holding a total of 26,780 shares worth $4.36 million.

Conclusion

In conclusion, Butensky & Cohen Financial Security, Inc's Q4 2022 vs. Q1 2023 13F filings indicate a shift towards established companies in the consumer staples, financials, and technology sectors. The firm increased its holdings of Amazon, Alphabet, and NextEra Energy, indicating a bullish outlook on the growth potential of these companies.

On the other hand, the firm decreased its holdings of Allstate, Johnson & Johnson, and Chevron, indicating a more cautious approach towards these companies. Overall, the fund's investment strategy remains anchored on identifying undervalued companies with strong fundamentals and growth potential.