From Apple to Exxon Mobil: Atalanta Sosnoff's Shifting 13F Holdings Strategy

Atalanta Sosnoff Capital, LLC, a registered investment advisory firm, recently filed its Form 13F for Q1 2023. The filing includes the quarterly report of institutional investment managers detailing their portfolio holdings. In this article, we analyze the significant changes in Atalanta Sosnoff's portfolio over the last quarter.

As of Q1 2023, Atalanta Sosnoff Capital, LLC reported a total portfolio value of $1.67 billion. The company's 13F holdings featured 51 stocks, with the top ten stocks accounting for 62.51% of the total portfolio value. The three leading sectors in the portfolio were Information technology (38.17%), Healthcare (15.08%), and Financials (14.61%).

In this latest filing, the portfolio managers increased their exposure to several stocks and reduced their holdings in others. The biggest stakeholder in the portfolio is Apple Inc (AAPL), with an ownership percentage of 9.49%. Other significant positions include Microsoft Corp (MSFT), Alphabet Inc (GOOGL), and Amazon Inc (AMZN).

In terms of changes to the portfolio, Atalanta Sosnoff Capital, LLC increased its stake in Nvidia Corporation (NVDA), from 261,476 shares in Q4 2022 to 410,910 shares in Q1 2023, reflecting an increase in shareholding by 198.7%. The portfolio managers also added positions in Honeywell International Inc (HON), Crown Castle International Corp (CCI), and T-Mobile US Inc (TMUS).

At the same time, the company reduced its stake in UnitedHealth Group Inc (UNH), from 240,902 shares in Q4 2022 to 163,595 shares in Q1 2023, reflecting a decrease in shareholding by 39.5%. This move indicates a potential shift in strategy by the portfolio managers. Also, the company sold its entire position in Shopify Inc (SHOP) and Schlumberger Ltd (SLB), two of the stocks it held in Q4 2022.

Atalanta Sosnoff Capital, LLC also started new positions in Elevance Health Inc (ELV), Bank of New York Mellon Corp (BK) and Salesforce Inc (CRM), representing 2.98%, 2.5%, and 2.36% of the total portfolio value for Q1 2023, respectively.

From Q4 2022 to Q1 2023, Atalanta Sosnoff Capital, LLC's portfolio underwent several changes, with shifts witnessed in the holdings percentage of different stocks. The managers adopted a dynamic strategy of increasing, decreasing, and starting new positions in different stocks. This strategy is essential for achieving portfolio diversification, minimizing risk, and maximizing returns.

In conclusion, Atalanta Sosnoff Capital, LLC's Q1 2023 13F filing revealed a portfolio rebalancing and repositioning in different sectors. Such changes indicate the portfolio managers' attempt to adjust the portfolio's composition in various sectors or individual companies and improve performance. While it is always difficult to infer investor intentions, market watchers will no doubt keep a keen eye on Atalanta Sosnoff Capital, LLC's moves over the coming quarters.