Cascade Investment Advisors, Inc. Q3 vs. Q4 2022 Holdings Report: Changes in Shareholdings of Top Companies and Shifts in Portfolio Strategy

Cascade Investment Advisors, Inc. Q3 2022 vs. Q4 2022 13F Holdings Comparison

The third quarter of 2022 has seen some notable changes in Cascade Investment Advisors, Inc.'s holdings, with some of its top positions in companies like Apple, Microsoft, and Novartis recording significant reductions in shares. In contrast, its holdings in other companies like US Bancorp, Applied Materials, and SolarEdge Technologies have seen appreciable increases in shareholdings.

Apple Inc. has been one of the top positions in Cascade's holdings, but the third quarter saw a 15.7% reduction in the number of Apple shares held by the company. Cascade sold 1,145 shares of the iPhone maker, from 27,467 shares held in the third quarter to 27,322 shares in the fourth quarter. Similarly, Cascade reduced its holdings in Microsoft Corp. by a marginal 4.8%, recording a 160-share reduction from 11,137 shares in Q3 to 11,297 shares in Q4.

Novartis AG, on the other hand, had seen an increase in nominations in Cascade's portfolio in Q3, which was sustained in Q4, albeit at a slower pace. Cascade increased its holdings in the Swiss pharmaceutical company by 902 shares, from 23,195 shares in Q3 to 23,125 in Q4. Caterpillar Inc. also saw a modest 10.1% reduction in its holdings in Cascade's portfolio, with the shares owned reduced to 7,985 in Q4, from 8,030 shares in Q3.

Cascade's holdings in US Bancorp recorded a significant increase of 75.9%, with its shareholdings rising to 62,492 shares in Q4 from 36,480 shares in Q3 in the third quarter. The company's holding in Applied Materials Inc. also rose to 17,802 shares in Q4, from 17,877 shares in Q3, recording a 9.9% increase. SolarEdge Technologies Inc saw the most significant increase in Cascade's holdings, with the shareholdings rising by an appreciable 22.6% from 4,787 shares in Q3 to 4,765 shares in Q4.

In line with other companies, Cascade reduced its holdings in AMGEN Inc., from 7,343 shares in Q3 to 7,258 shares in Q4, a reduction of 4%. The company also saw a 7.2% reduction in its holdings in Johnson & Johnson, with the shareholdings declining from 7,368 in Q3 to 7,778 in Q4.

The data from the third and fourth quarters of 2022 also show that Cascade increased its holdings in smaller companies like Insight Enterprises Inc. and monetized its position in Alphabet Inc., the parent company of Google. Cascade increased its holdings in Insight Enterprises by 5.7% from 13,925 shares in Q3 to 13,875 shares in Q4, while it reduced its holdings in Alphabet Inc. to zero in Q4, from 15,730 shares in Q3.

Cascade Investment Advisors, Inc.'s third and fourth-quarter 13F filings show that the company's overall portfolio has seen some shifts. Although the overall value of the portfolio remained roughly the same at around $92 million, the changes in shareholdings in different companies show that the company has made significant adjustments. The reduction in Apple shares and the monetization of Alphabet's position suggest that Cascade may be realigning its holdings in Big Tech companies. On the other hand, the increase in shares of US Bancorp and SolarEdge Technologies shows the company's appetite for certain sectors like finance and renewables.

Overall, Cascade Investment Advisors, Inc.'s third and fourth-quarter filings show that the company is continuously evaluating and adjusting its holdings in different companies. As the investment landscape changes, the company is likely to make further adjustments to its holdings to maximize its returns.