D. Scott Neal, Inc. Q3 2023 vs. Q4 2023 13F Holdings Comparison

D. Scott Neal, Inc. is a prominent investment management firm that has recently released its 13F filings for the third and fourth quarters of 2023. These filings provide valuable insights into the firm's holdings and investment strategies during this period. In this article, we will compare the changes in D. Scott Neal, Inc.'s holdings between Q3 and Q4 2023 and analyze the implications of these changes.

One of the most significant changes in D. Scott Neal, Inc.'s portfolio was its increased investment in the SPDR Gold Trust (GLD). In Q3 2023, the firm held 75,935 shares of GLD, with a value of $13.019 million. However, in Q4 2023, the firm significantly increased its position to 118,595 shares, with a value of $22.671 million. This represents a staggering 74.1% increase in holdings. The decision to increase the allocation to gold suggests that D. Scott Neal, Inc. may have been hedging against potential economic uncertainties or inflation risks.

Another interesting development in the firm's portfolio was the decrease in holdings of Alpha Metallurgical Resources Inc. (AMR). While D. Scott Neal, Inc. held 33,801 shares of AMR in Q3 2023, the number dropped to 32,375 shares in Q4 2023. Despite the decrease in shares, the value of the investment increased from $8.803 million to $10.972 million, indicating positive performance. The 24.6% increase in value suggests that D. Scott Neal, Inc. remained optimistic about the prospects of Alpha Metallurgical Resources Inc.

KLA Corp (KLAC) is another interesting addition to D. Scott Neal, Inc.'s portfolio. The firm held 16,400 shares of KLAC in both Q3 and Q4 2023. While the number of shares remained the same, the value of the investment increased from $7.522 million to $9.500 million, representing a 26.3% increase. This suggests that D. Scott Neal, Inc. saw potential growth opportunities in the semiconductor industry and decided to increase its exposure to KLA Corp.

On the other hand, there were some slight decreases in holdings for companies like AbbVie Inc. (ABBV) and Arthur J. Gallagher & Co. (AJG). D. Scott Neal, Inc. had 58,573 shares of ABBV in Q3 2023, which decreased to 57,478 shares in Q4 2023. Similarly, the firm held 38,942 shares of AJG in Q3 2023, but the number dropped to 37,887 shares in Q4 2023. Despite the decrease in shares, both ABBV and AJG experienced minimal changes in value, indicating a relatively stable performance during this period.

Furthermore, D. Scott Neal, Inc. also made some interesting investments in the technology sector. The firm held 8,386 shares of Microsoft Corp (MSFT) in both Q3 and Q4 2023, with the value increasing from $2.647 million to $3.153 million, representing a 19.1% increase. This indicates that D. Scott Neal, Inc. had confidence in the growth potential of Microsoft. Additionally, the firm purchased 2,060 shares of Caterpillar Inc. (CAT) in Q4 2023, signaling a positive outlook on the construction and mining equipment industry.

In conclusion, the Q3 2023 vs. Q4 2023 13F holdings comparison for D. Scott Neal, Inc. reveals some interesting trends. The firm increased its investment in gold, potentially as a hedge against economic uncertainties. It also made strategic investments in companies like KLA Corp and Microsoft Corp, indicating optimism about their growth prospects. While there were slight decreases in holdings for some companies, the overall portfolio remained diverse and balanced. Investors and market analysts can utilize this information to gain insights into D. Scott Neal, Inc.'s investment strategies and make informed decisions.