Aries Wealth Management Q1 2023 vs. Q2 2023 13F Holdings Comparison

Aries Wealth Management, a renowned investment firm, recently released its 13F holdings report for the first and second quarters of 2023. These reports provide valuable insights into the changes in holdings of various funds. In this article, we will delve into the comparison between the two quarters and analyze the notable changes in holdings.

One of the most significant holdings for Aries Wealth Management is Apple Inc. (AAPL). In Q1 2023, the firm held 95,100 shares of Apple Inc., which slightly decreased to 94,865 shares in Q2 2023. Despite this slight decrease, the value of the holdings increased by 17.3%, reaching $18,400,000. This indicates a positive sentiment towards the tech giant.

Another prominent holding for Aries Wealth Management is Microsoft Corp. (MSFT). The firm held 35,197 shares of Microsoft Corp. in Q1 2023, which slightly decreased to 34,820 shares in Q2 2023. However, similar to Apple Inc., the value of the holdings increased by 16.9%, amounting to $11,857,000. This signifies confidence in the potential growth of the company.

Vanguard Index Funds, including Vanguard Index Funds (VB), Vanguard Index Funds (VO), and Vanguard Index Funds (VUG), also played a crucial role in Aries Wealth Management's portfolio. While there were minor fluctuations in the number of shares held, the overall value of these holdings experienced positive changes. This demonstrates Aries Wealth Management's long-term investment strategy and trust in the performance of index funds.

Additionally, SPDR S&P 500 ETF Trust (SPY) and SPDR Series Trust (SDY) were among the holdings that displayed slight changes in both the number of shares held and the value of the holdings. These holdings indicate Aries Wealth Management's interest in the S&P 500 and the importance of diversification in their investment approach.

Furthermore, some significant changes in holdings were observed in individual companies. Amazon.com Inc. (AMZN) experienced a notable increase in the number of shares held, from 29,761 shares in Q1 2023 to 29,813 shares in Q2 2023. This change resulted in a substantial increase in the value of the holdings by 26.4%, reaching $3,886,000. This suggests a strong belief in the future growth prospects of the e-commerce giant.

On the other hand, holdings in ABBVIE Inc. (ABBV) faced a significant decrease in both the number of shares held and the value of the holdings, reflecting a negative sentiment towards the company. Aries Wealth Management held 12,725 shares of ABBVIE Inc. in both quarters, but the value of the holdings decreased by 15.5%, amounting to $1,714,000.

It is crucial to note that these changes in holdings can be influenced by various factors, including market conditions, company performance, and investment strategies. Aries Wealth Management regularly evaluates its holdings to ensure alignment with its investment goals and client objectives.

In conclusion, Aries Wealth Management's Q1 2023 vs. Q2 2023 13F holdings comparison highlights the firm's active management approach and notable changes in its portfolio. The increased value of Apple Inc. and Microsoft Corp. holdings demonstrates confidence in the tech sector, while individual companies like Amazon.com Inc. showcase strategic allocation decisions. As the investment landscape continues to evolve, Aries Wealth Management remains committed to making informed investment choices and delivering positive outcomes for its clients.