Analyzing Summit Financial Group Inc's Q4 2022 and Q1 2023 13F Holdings Comparison: Significant Changes in Holdings Revealed.

Summit Financial Group, Inc. recently released their Q4 2022 and Q1 2023 13F holdings comparison, which gives us an insight into the changes in holdings of this fund. This data provides a clear picture of the buying and selling activities of the Summit Financial Group Inc.

Let's dive into the data and analyze some of the significant changes in holdings of this fund.

One of the few companies that saw a reduction in their holdings was Procter & Gamble, with a -2.1% change. This reduction might be attributed to their recent acquisition of Billie, a startup company that caters to feminine hygiene products. This acquisition might have led to a shift in the focus of Summit Financial Group Inc.

Microsoft Corp saw a 15.7% reduction in the number of shares held by the Summit Financial Group Inc. Although the value of shares held by the fund decreased by only 13%, it was a significant move of around $1,339 million. This drop in holdings might be due to the concerns over the tech giant's valuation and the potential regulatory headwinds they might face in the future.

On the other hand, Honeywell International Inc experienced a significant increase in its holdings, with an 732.1% increase in the value of shares. Summit Financial Group Inc acquired an additional 6,282 shares at the end of Q1 2023, increasing their total holding to 6,282 shares. This acquisition is a clear indication of the fund managers' bullishness on the industrial giant's future prospects.

Another notable company that experienced a significant increase in Summit Financial Group Inc's holdings was Waste Management Inc. The fund added 1,326 shares to increase its total holdings to 24,427. This acquisition is a sign of the fund managers' confidence in the future growth of the environmental services giant.

In contrast, an interesting point to note is the significant changes in holdings of the Summit Financial Group Inc. itself. The fund reduced its holdings by 15% in SMMF, the parent company of the fund itself. This move might indicate the fund's strategy to liquidate some of its positions to free up capital for other investments.

The health care sector also saw a significant shift in holdings. Johnson & Johnson experienced a reduction of 12.8% in the number of shares held by Summit Financial Group Inc. The reason for this reduction might be due to the issues faced by the healthcare giant's subsidiary, Janssen Pharmaceuticals, over their COVID-19 vaccine distribution in several countries worldwide.

Lilly Eli & Co also experienced a significant reduction of 23% in the number of shares held by the fund. This move might have been triggered by Lilly's recent acquisition of Prevail Therapeutics, which specializes in developing gene therapies for neurodegenerative diseases.

Another notable move in the fund's portfolio was the acquisition of shares in Van Eck ETF Trust's Semiconductor ETF. Summit Financial Group Inc added 1,595 shares in this ETF, in line with their bullish outlook on the semiconductor industry's future growth.

In conclusion, the Summit Financial Group Inc's 13F holdings comparison shows some interesting trends in the fund's buying and selling activities. The fund managers' confidence in industrial giant Honeywell International Inc and environmental services giant Waste Management Inc is reflected in their increased holdings in these companies. At the same time, the shifts in holdings of Microsoft Corp and Johnson & Johnson might indicate concerns over their future growth prospects. The acquisition of shares in the Van Eck ETF Trust's Semiconductor ETF shows the fund's bullishness on the future growth of the semiconductor industry. Overall, this data provides an excellent opportunity for investors to analyze the movements of one of the leading funds in the market.