Comparing Terra Nova Asset Management LLC's Q4 2022 and Q1 2023 13F Holdings: Technology Companies Dominate While Energy Struggles

Terra Nova Asset Management LLC, a prominent hedge fund, released its Q4 2022 and Q1 2023 13F filings recently, showcasing the fund's significant holdings and changes in investment strategies. These reports provide a glimpse into the current market trends, indicating which companies the fund is bullish or bearish on.

The report reveals a noticeable trend towards investing in technology companies, such as Apple Inc., Microsoft Corp., and Alphabet Inc. The number of shares held by the fund in companies such as Apple Inc. and Microsoft Corp. increased slightly in Q1 2023, with respective holdings of 21,137 and 11,443 in Q4 2022, turning into 21,120 and 11,702 in Q1 2023.

The value of the shares of these tech giants also witnessed a significant percentage increase, with the Q4 2022 values for Apple Inc., Microsoft Corp., and Alphabet Inc. standing at $2,876,000, $2,744,000, and $2,733,000, respectively. By Q1 2023, these values changed to $3,482,000, $3,373,000, and $3,315,000, displaying an upward trend and indicating the bullish sentiment towards these companies.

The report also shows how the hedge fund struggled with energy companies - in particular, Chevron Corp. and Exxon Mobil Corp. Terra Nova held 7,880 shares of Chevron Corp., worth $1,414,000 in Q4 2022. However, in Q1 2023, the number of shares held by the fund remained almost the same, at 7,894, but the value decreased to $1,288,000. Similarly, the fund held 3,027 shares of Exxon Mobil Corp, worth $333,000 in Q4 2022, with the same number of shares held in Q1 2023, but value decreased to $331,000. These changes highlight the bearish sentiment towards the oil and gas industry.

The hedge fund also witnessed a drop in holdings of Archer Daniels Midland Co., which saw the number of shares decline from 21,989 in Q4 2022 to 21,040 in Q1 2023, signalling a -17.9% decrease. The value of the shares also fell from $2,041,000 in Q4 2022 to $1,676,000 in Q1 2023.

However, it wasn't all negative news for the fund's holdings, as the number of shares Terra Nova held in Airbnb Inc. surged from 0 in Q4 2022 to 10,011 in Q1 2023, indicating a bullish sentiment towards the company. The shares were valued at $0 in Q4 2022 and rose to $1,245,000 in Q1 2023.

In conclusion, the Terra Nova Asset Management LLC Q4 2022 and Q1 2023 13F filings indicate the fund's interest in technology companies, continuing to hold shares in prominent tech giants such as Apple Inc. and Microsoft Corp. Meanwhile, the fund struggled with its holdings in energy companies like Chevron Corp. and Exxon Mobil Corp. Furthermore, the increased holdings in Airbnb Inc. showed the fund's positive outlook towards the company.