Analyzing Violich Capital Management’s Q4 2022 vs. Q1 2023 13F Holdings Changes: Insights into Asset Managers' Evolving Portfolios.

In the world of investment and asset management, change is a constant. It is not uncommon for funds to undergo significant transformations in their portfolios, as managers seek to capitalize on new opportunities or navigate changing market conditions. One such fund is the Violich Capital Management, Inc., and in this article, we will analyze its 13F holdings changes between Q4 2022 and Q1 2023, based on the provided CSV.

Before diving into the specific changes of the Violich Capital Management, Inc. portfolio, allow us to provide some context into the 13F filings. 13F filings are required by the Securities and Exchange Commission (SEC) for all institutional investment managers who oversee more than $100 million in qualifying assets. Such asset managers are required to file a report detailing their quarterly holdings, disclosing their position and value changes within 45 days from the end of the quarter.

Now, looking at the Violich Capital Management, Inc. Q4 2022 vs. Q1 2023 changes, we see that there have been a series of significant changes to the portfolio. In all, the fund decreased its total holdings from 52 positions to 51 positions, with a net value of holdings of $437,646,000 in Q1 2023 compared to $442,382,000 in Q4 2022.

One of the most significant movements in the portfolio was the position in CVS Health Corp (CVS), where the Violich Capital Management, Inc. decreased its holdings by 6.3% from 259,867 shares to 253,222 shares, which decreased its value by over 22% from Q4 2022 to Q1 2023. This change may be due to various reasons, such as a lack of confidence in the company's growth prospects, sector rotation, or other fundamental factors.

Another significant movement was in Adobe Systems (ADBE), where the Violich Capital Management, Inc. increased its holdings by 14.5% from 3,115 shares to 3,115 shares. The increase in its holdings may signal its belief in the company's future growth prospects, earnings, or other favorable factors. Such a move may help the Violich Capital Management, Inc. to remain competitive in the changing investment landscape.

In the same vein, some other companies saw an increase in their position sizes in the Violich Capital Management, Inc. portfolio. For instance, the fund increased its holdings in Microsoft Corporation (MSFT) by 1%, with an increase in its value of over 19%. The fund also increased its shares in Amazon.com Inc (AMZN) by 1.4%, with an increase in its value by over 21%.

On the other hand, certain companies saw a decrease in their position sizes in the portfolio. For instance, the fund reduced its shares in Berkshire Hathaway Cl B (BRK-B) by 1.3%, decreasing its value by over 1%. The fund also reduced its shares in Chevron Corporation (CVX) by 1.6%, decreasing its value by over 9%.

It is noteworthy that the fund's largest holdings in Q1 2023 were Apple Inc (AAPL), which represented 11.5% of the portfolio and was worth $50,218,000, Alphabet Inc Cl C (GOOG), which represented 8.7% of the portfolio and was worth $38,232,000, and Microsoft Corporation (MSFT), which represented 12.5% of the portfolio and was worth $54,785,000.

It is also important to note that the changes in the Violich Capital Management, Inc. portfolio may not entirely reflect the market's overall trends. The fund may have a specific investment philosophy, risk management strategy, or unique circumstances that impact the makeup of its portfolio. Additionally, past performance does not guarantee future returns.

In conclusion, the analysis of the Violich Capital Management, Inc. Q4 2022 vs. Q1 2023 13F holdings comparison provides insight into the movement of one of the investment managers in the asset management landscape. As is evident from the changes, companies' positions may evolve over time, with both positive and negative adjustments. Investors and market participants should keep a keen eye on fund holdings changes and understand the underlying reasons behind them.