Cohen Klingenstein LLC Q2 2023 vs. Q3 2023: A Closer Look at 13F Holdings Changes

Cohen Klingenstein LLC, a well-known investment firm, recently released its 13F filings for the second and third quarters of 2023. These filings provide valuable insights into the holdings of the firm during these periods. In this article, we will dive into the data and analyze the changes in holdings made by Cohen Klingenstein LLC.

Standard Poors DR (SPY) - 4.5% Decrease

One of the notable changes in holdings is the decrease in the number of shares of Standard Poors DR (SPY) held by Cohen Klingenstein LLC. From Q2 2023 to Q3 2023, there was a 4.5% decrease in the number of shares. This reduction in holdings might indicate a shift in the firm's investment strategy.

iShares Russell 2000G (IWO) - 8.8% Decrease

Cohen Klingenstein LLC also decreased its holdings in iShares Russell 2000G (IWO) by 8.8% during the same period. This reduction suggests a potential reallocation of assets to other investment opportunities.

Invesco QQQ Trust (QQQ) - 5.3% Decrease

The data further reveals a 5.3% decrease in the holdings of Invesco QQQ Trust (QQQ). This popular exchange-traded fund (ETF), which tracks the performance of the Nasdaq 100 Index, saw a slight reduction in the number of shares held by Cohen Klingenstein LLC.

Apple Inc (AAPL) - 11.7% Decrease

Cohen Klingenstein LLC also showed a decrease in holdings for Apple Inc (AAPL), one of the most valuable companies in the world. With an 11.7% decrease in the number of shares held, it's clear that the firm made some adjustments to its Apple holdings during the third quarter of 2023.

Microsoft Corp (MSFT) - 7.3% Decrease

Similarly, Cohen Klingenstein LLC reduced its holdings in Microsoft Corp (MSFT) by 7.3%. This reduction suggests that the firm may have taken profits or decided to reallocate funds to other investments.

Amazon.com (AMZN) - 2.5% Decrease

The data also shows a slight reduction of 2.5% in Cohen Klingenstein LLC's holdings of Amazon.com (AMZN). While the decrease may seem small, it's worth noting as Amazon is a highly influential and widely-traded stock.

Eli Lilly (LLY) - 14.5% Increase

On the flip side, Cohen Klingenstein LLC increased its holdings in Eli Lilly (LLY) by an impressive 14.5%. This substantial increase suggests growing confidence in the pharmaceutical company's potential for growth.

Vanguard Small-Cap Growth ETF (VBK) - 6.4% Decrease

Cohen Klingenstein LLC also decreased its holdings in Vanguard Small-Cap Growth ETF (VBK) by 6.4%. This move indicates a potential shift away from small-cap growth stocks within the firm's portfolio.

PepsiCo Inc (PEP) - 8.5% Decrease

The firm also reduced its holdings in PepsiCo Inc (PEP) by 8.5%. This decrease may indicate a change in the firm's outlook on the beverage and snack industry or a reallocation of funds to other opportunities.

Berkshire Hathaway B (BRK-B) - 1% Increase

In contrast to the majority of decreases in holdings, Cohen Klingenstein LLC increased its holdings in Berkshire Hathaway B (BRK-B) by 1%. This increase suggests continued confidence in Warren Buffett's conglomerate.

Walt Disney Co (DIS) - 9.3% Decrease

Cohen Klingenstein LLC decreased its holdings in Walt Disney Co (DIS) by 9.3%. This reduction may indicate a cautious outlook on the entertainment and media industry, or it could signify a decision to allocate funds elsewhere.

Analyzing the Data

Analyzing the changes in holdings from Q2 2023 to Q3 2023 provides valuable insights into Cohen Klingenstein LLC's investment strategy and market outlook during that period. While decreases in holdings suggest a potential shift away from specific stocks or sectors, increases can signify a growing confidence in certain companies or industries.

It's important to note that 13F filings are just a snapshot and do not represent the entirety of Cohen Klingenstein LLC's portfolio. However, they do offer valuable insights into the firm's investment decisions during the given period.

Disclaimer: The information provided in this article is for informational purposes only and should not be considered as investment advice. Please consult with a professional advisor before making any investment decisions.