Brightworth Q2 2022 vs. Q3 2022: Analyzing Changes in Holdings of Top Funds

Brightworth, a leading wealth management firm, recently released its 13F form, which lists the top holdings of its funds for Q2 2022 and Q3 2022. Based on the 13F data, the firm made some significant changes in its holdings, which we'll be analyzing in detail in this article.

Before we dive into the changes, let's understand what 13F is. 13F is a quarterly report filed by institutional investment managers with over $100 million in assets under management. This report discloses their holdings of U.S. equity securities, including stocks, options, and convertible debt.

Now, coming back to the Brightworth Q2 2022 vs. Q3 2022 13F holdings comparison. We can see that the firm has made some significant changes in its holdings, with some new additions and divestments. Let's take a closer look at some of the top funds and their holdings.

iShares Core MSCI Total Intl Stk ETF (IXUS)

Brightworth increased its holdings of iShares Core MSCI Total Intl Stk ETF by around 131,872 shares, resulting in a total of 3,260,447 shares. However, the firm reduced its stake in the ETF by about 7%, with a decrease in the Q3 2022 value of $12,458,000 compared to Q2.

iShares S&P 500 (IVV)

Brightworth increased its holdings of iShares S&P 500 from 372,617 shares to 415,493 shares, resulting in an increase of 11.5%. The value of the shares also rose by around 5.5%.

Vanguard Muni Bnd Tax (VTEB)

Brightworth significantly increased its holdings of Vanguard Muni Bnd Tax by around 48% to over 1.36 million shares. The value of the shares held by the firm also increased by approximately 49.2%, indicating high confidence in this investment.

Technology Select Sector SPDR (XLK)

Brightworth held steady with its holdings in the Technology Select Sector SPDR by adding around 2,329 shares, resulting in a total of 519,160 shares. However, the firm has decreased the value of the shares by about 6.1% in Q3.

Vanguard Total Bond Market Index ETF (BND)

Brightworth held steady with its holdings of Vanguard Total Bond Market Index ETF by adding only around 1,461 shares, resulting in a total of 445,978 shares. However, the firm has decreased the value of the shares by about 4.9% in Q3.

Apple Computer Inc (AAPL)

Brightworth added around 1,124 shares of Apple Computer Inc., resulting in a total of 187,706 shares. The value of the shares increased by approximately 1.7%.

Amazon.com Inc (AMZN)

Brightworth added around 5,975 shares of Amazon.com Inc., resulting in a total of 114,832 shares. The value of the shares increased by approximately 12.2%.

Verizon Comm (VZ)

Brightworth reduced its stake in Verizon Comm by around 1.6%, resulting in a total of 182,223 shares. The value of the shares decreased by approximately 25.8%.

Coca-Cola (KO)

Brightworth added over 60,000 shares of Coca-Cola, resulting in a total of 109,121 shares. The value of the shares increased by more than 100%, indicating high confidence in this investment.

Royal Bank of Canada (RY.TO)

Brightworth held steady with its holdings of Royal Bank of Canada, resulting in a total of 21,401 shares. However, the firm has decreased the value of the shares by about 7% in Q3.

This analysis of the Brightworth Q2 2022 vs. Q3 2022 13F holdings comparison shows that the firm has made some significant changes in its holdings, while also holding steady with some investments. The new additions and divestments indicate a dynamic investment strategy that takes into account the prevailing market conditions.

Investors can take cues from Brightworth's investment decisions and adjust their portfolios accordingly. As always, it's necessary to conduct independent research and exercise caution before making any investment decisions.