Ferguson Wellman Capital Management, Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison

Microsoft and Apple Maintain Dominance, While Nvidia and CrowdStrike Experience Significant Growth

In the ever-evolving world of investments, tracking the changes in holdings of financial funds can provide valuable insights into market trends and investor preferences. Ferguson Wellman Capital Management, Inc recently released its 13F filings for Q3 2023 and Q4 2023, showcasing the shifts in their holdings during that period. Let's dive into the data and analyze the notable changes in their portfolio.

Microsoft (MSFT) and Apple Inc (AAPL) continue to dominate Ferguson Wellman's holdings, reinforcing their position as heavyweights in the technology sector. Microsoft saw a moderate increase in shares from 930,360 to 947,284, representing a 2% growth. Similarly, Apple experienced a steady climb, with their shares rising from 1,464,980 to 1,496,238, a 2% increase as well. These numbers reflect the enduring confidence investors have in these tech giants and their potential for long-term growth.

Another company that secured its place in Ferguson Wellman's portfolio is Nvidia (NVDA), a leading graphics processing unit (GPU) manufacturer. Over the course of the quarter, Nvidia experienced a substantial surge in shares, skyrocketing from 132,109 to 168,483, an impressive 27% increase. This growth can be attributed to the rising demand for GPUs in various industries, including gaming, data centers, and artificial intelligence.

CrowdStrike Holdings, Inc. (CRWD), a cloud-based cybersecurity company, also caught the attention of Ferguson Wellman's investment team. The company witnessed exceptional growth in the quarter, with their shares surging from 135,937 to 159,202, representing a remarkable 17% increase. This surge reflects the increasing importance of cybersecurity in an increasingly digital world, with companies and organizations prioritizing robust protection against cyber threats.

While some companies experienced substantial growth, others faced slight declines in Ferguson Wellman's holdings. Morgan Stanley (MS), for example, saw a significant decrease in shares, dropping from 701,335 to 376,061, a staggering 46% decline. This decline could be attributed to various factors, such as changing market conditions or strategic portfolio adjustments made by Ferguson Wellman.

It's worth noting that not all changes were driven by growth or decline. Some companies witnessed relatively stable performance. Procter and Gamble (PG), for instance, displayed a modest increase in shares from 812,095 to 845,687, representing a 4% growth. Similarly, Johnson & Johnson (JNJ) experienced a slight rise, with their shares increasing from 558,916 to 566,613, a 1% growth. These companies' consistent performance indicates their established market presence and endurance in the face of market fluctuations.

Beyond the technology and healthcare sectors, Ferguson Wellman also maintained positions in other industries. Broadcomm LTD (AVGO), a semiconductor manufacturing company, saw moderate growth in shares from 92,371 to 93,971, reflecting a 2% increase. Additionally, the financial sector remained present in their portfolio, with JPMorgan Chase & Company (JPM) experiencing a modest increase from 765,022 to 774,421 shares, a 1% growth.

In conclusion, the 13F filings of Ferguson Wellman Capital Management, Inc for Q3 2023 and Q4 2023 revealed interesting changes in their holdings. While technology giants like Microsoft and Apple continued to dominate their portfolio, companies like Nvidia and CrowdStrike showcased remarkable growth. As investors navigate the ever-changing market landscape, monitoring these shifts can offer valuable insights into market trends and potential investment opportunities.

Disclaimer: The above analysis is based solely on the publicly available 13F filings of Ferguson Wellman Capital Management, Inc. The information provided should not be considered financial advice or relied upon for investment decisions.