Avidian Wealth Solutions' 13F Holdings: Q4 2022 vs. Q1 2023 Changes Revealed

Avidian Wealth Solutions is one of the largest and most respected privately-owned wealth management firms in the United States. The company offers a wide range of investment management and financial planning services to help clients achieve their financial goals. One of the pillars of Avidian's investment strategy is a disciplined and diversified approach to investing. As part of this approach, the company files quarterly 13F reports with the SEC, which outline its holdings of publicly traded securities. In this article, we'll examine the changes in Avidian's 13F holdings from Q4 2022 to Q1 2023.

Overall, Avidian's 13F holdings increased by 17.6% from Q4 2022 to Q1 2023. The total value of the portfolio increased from $1,326,032,000 to $1,559,103,000. The biggest percentage increase in holdings was for PICK, which increased by 3,169.4%. Other notable increases included VWO (322.7%), SCHO (490.3%), and SPLG (252.6%). These gains were partially offset by decreases in TH (-27.3%), IJR (-10.2%), and XLV (-36.2%).

Avidian's top five holdings in Q1 2023 were IVV, IEFA, IEMG, AAPL, and MBB. The top three holdings, IVV, IEFA, and IEMG, were all iShares products, which reflects Avidian's preference for these funds. IVV, which tracks the S&P 500 index, saw the largest increase in shares held, with a gain of 50,724 shares, or 11.5%.

The largest percentage increase in value was for PICK, which increased by 3,169.4%. However, due to its small starting value, the increase in dollar terms was modest, at $7,623. The largest increase in dollar terms was for IEFA, which saw its value increase by $18,607,000, or 21.7%. The largest decrease in value was for TH, which lost $5,089,000, or 27.3%.

Avidian made several new purchases during the quarter, including a position in TQQQ, which is the ProShares UltraPro QQQ fund. This fund seeks to provide triple the daily performance of the NASDAQ-100 index. Avidian also added to its positions in IJH, IUSB, and USIG. On the sell side, the company trimmed its holdings in XLV, JNJ, and CAT.

In conclusion, Avidian's 13F holdings showed strong growth from Q4 2022 to Q1 2023, with a 17.6% increase in total portfolio value. The company's disciplined and diversified approach to investing, combined with its focus on iShares products, appears to be paying off. While there were a few notable decreases in value, the overall trend for Avidian's portfolio was positive. As always, investors should do their own due diligence before making any investment decisions.