Comparing Portland Global Advisors LLC Q3 2022 vs. Q4 2022 13F Holdings

The latest 13F filings from Portland Global Advisors LLC showed significant portfolio adjustments in the Q4 2022 period. The multibillion-dollar hedge fund slashed its holdings in previously successful stocks, while increasing investments in others. In this article, you will discover Portland Global Advisors' latest moves and the reasons why they made those decisions.

First of all, Portland Global Advisors reduced its holdings in SPDR S&P 500 (SPY) by 0.6% from 148,124 to 147,252 shares. The value of these shares also increased by 6.4%, from $52,907,000 to $56,314,000. Similarly, holdings in several other ETFs, such as SPDR S&P Mid Cap (MDY) and iShares Mid Cap S&P 400 (IJH), were trimmed down by 0.9% and 4%, respectively.

On the other hand, the fund increased its investments in some emerging markets. For instance, it raised its shares in Vanguard Emerging Markets (VWO) by 4.6%, from 409,293 to 428,005, and increased the value of these shares by 11.7%, from $14,935,000 to $16,684,000. Similarly, holdings in iShares MSCI Emerging Markets (EEM) surged by 2.2%, from 235,683 to 230,549 shares, with a 6.3% increase in value from $8,221,000 to $8,738,000.

Interestingly, Portland Global Advisors more than doubled its stakes in Vanguard FTSE Developed Market (VEA) from 123,073 to 267,153 shares, a 150.5% increase. Conversely, the value of these shares saw a 60.5% uptick, from $4,475,000 to $11,212,000. Meanwhile, holdings in iShares Core MSCI EAFE (IEFA) were reduced by 28%, from 228,877 to 162,988 shares. The value of these shares also dropped by 16.7%, from $12,055,000 to $10,047,000.

Tech stocks were also part of Portland Global Advisors’ strategy. The hedge fund invested more in Microsoft (MSFT) and Intel (INTC) by increasing their shares by 1.5% and 3.7%, respectively. Portland Global Advisors also added shares in Airbnb (ABNB), after the stock price dropped by 16.2% during the Q3 2022 to Q4 2022 period.

Overall, Portland Global Advisors' moves suggest a reallocation of their investment portfolio. The fund added more to emerging markets and let go of previously successful stocks such as SPDR S&P Mid Cap and iShares Mid Cap S&P 400. The hedge fund has likely identified long-term opportunities in these markets, which they expect to yield better returns over time. Alternatively, the fund may have felt that they reached the peak in certain previous investments, such as iShares Core MSCI EAFE, and decided to reduce their holdings and reallocate their resources.

In conclusion, the recent adjustments to Portland Global Advisors LLC's portfolio show an evolving investment strategy. With new investments in emerging markets and holdings reduced in previously successful stocks, the hedge fund is hoping to capitalize on long-term opportunities and avoid losing profits from shortsighted decisions.