Foster & Motley Inc Q4 2022 vs. Q1 2023: A Comparison of 13F Holdings

As the first quarter of 2023 comes to a close, many are curious about the changes in holdings for various funds. Foster & Motley Inc, an investment advisory firm based in Cincinnati, Ohio, recently filed their 13F disclosure, detailing their holdings as of Q1 2023. A comparison of their holdings with those of Q4 2022 reveals some interesting trends.

One of the largest holdings for Foster & Motley Inc as of Q1 2023 is in the Schwab Fundamental Intl Lg Co ETF (FNDF). This holding decreased slightly by 6.3%, from 2,141,019 shares in Q4 2022 to 2,116,765 shares in Q1 2023. This decrease in shares was accompanied by a relatively small increase in value, from $62,239,000 to $66,191,000.

Another notable holding in the international equity market for Foster & Motley Inc is the Schwab International Equity ETF (SCHF). Like FNDF, the number of shares held decreased slightly from 1,429,119 to 1,400,132 from Q4 2022 to Q1 2023. The value, however, showed a more significant increase of 5.9%, from $46,032,000 to $48,725,000.

The Hartford Multifactor Developed Markets ETF (RODM) is also one of the larger holdings for Foster & Motley Inc. For Q4 2022, they held 1,709,404 shares, which decreased slightly to 1,701,967 shares in Q1 2023. The value of this holding increased by 5.8%, however, from $42,376,000 to $44,813,000.

Moving away from international markets, the largest individual holding for Foster & Motley Inc as of Q1 2023 was in Apple Inc (AAPL). Their holdings in this tech giant decreased slightly from 255,646 shares in Q4 2022 to 254,815 shares in Q1 2023, but the value increased significantly from $33,216,000 to $42,019,000, representing a 26.5% increase.

Other holdings in the tech industry included Microsoft Corporation (MSFT), whose shares were down slightly from 69,437 to 66,973, but with an increase in value from $16,652,000 to $19,308,000. Google's parent company, Alphabet Inc Class C (GOOG), was also held by Foster & Motley Inc, with shares decreasing from 110,009 to 101,104, but with an increase in value from $9,761,000 to $10,515,000.

One surprising change in holdings was for Pfizer Incorporated (PFE), which showed a decrease of 23.1% in shares from Q4 2022 to Q1 2023, from 231,661 to 223,830. The value of this holding also decreased from $11,870,000 to $9,132,000, representing a change of -23.1%.

Agriculture and retail were other industries in which Foster & Motley Inc held significant positions. Kroger Company (KR) was held with a slight increase in shares from Q4 2022 to Q1 2023, from 216,932 to 228,266, and with an increase in value from $9,671,000 to $11,269,000. Walmart Stores Inc (WMT) saw a small decrease in shares from 68,459 to 65,990, but a negligible decrease in value from $9,707,000 to $9,730,000.

In conclusion, Foster & Motley Inc's Q1 2023 13F disclosure demonstrated their continued investment in international markets, with slight changes in holdings in various sectors, including tech and retail. While some stocks have seen significant increases in value, others have decreased in both value and shares held.