Griffin Asset Management, Inc. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

Griffin Asset Management, Inc. recently released its 13F holdings report comparing its investments in the second and third quarters of 2023. This report provides valuable insights into the changes made by the company in its portfolio holdings. In this article, we will delve into the details of the report and analyze the significant shifts in holdings.

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Griffin Asset Management, Inc.: A Closer Look at Q2 2023 vs. Q3 2023 13F Holdings

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The 13F holdings report of Griffin Asset Management, Inc. for the second and third quarters of 2023 showcases various changes in the company's portfolio. Let's explore some of the key highlights of this report and the implications they might have on the company's investment strategy.

Universal Display Corp (OLED) witnessed a slight decrease in shares held by Griffin Asset Management, with a 1.5% dip between Q2 and Q3 of 2023. However, the value of their holdings increased marginally, indicating the management's confidence in the company's future prospects.

On the other hand, Apple Inc (AAPL) experienced a decline in both the number of shares and their corresponding value held by Griffin Asset Management. This decrease could be a result of market fluctuations or a strategic move by the company's investment team.

Microsoft Corp (MSFT) also faced a similar situation, with a 10.9% reduction in the number of shares held by Griffin Asset Management. However, the decrease in the value of their holdings was relatively smaller, suggesting a potential reallocation of assets within the technology sector.

TJX Cos Inc (TJX) witnessed a slight increase in both the number of shares held and their corresponding value. This indicates that Griffin Asset Management sees potential growth opportunities in the retail sector, specifically with TJX Cos Inc.

Another interesting shift in holdings can be observed with AbbVie Inc (ABBV), which experienced a 10.7% increase in the value of the shares held by Griffin Asset Management. This could be due to favorable developments in the healthcare sector or the company's belief in the long-term prospects of AbbVie Inc.

Home Depot Inc (HD) saw a decrease in both the number of shares held and their corresponding value. This reduction might be attributed to changes in market conditions or the company's strategy to reallocate capital to other investment opportunities.

Danaher Corporation (DHR) witnessed a 3.9% increase in the number of shares held by Griffin Asset Management. This suggests the company's confidence in the growth potential of Danaher Corporation and its prospects in the near future.

Johnson & Johnson (JNJ) experienced a notable decline in the number of shares held by Griffin Asset Management, accompanied by a significant decrease in the value of these holdings. This implies a potential shift in the company's investment focus away from the healthcare sector.

Chevron Corp (CVX), on the other hand, witnessed a 5.7% increase in the value of the shares held by Griffin Asset Management. This could be a result of the positive outlook for the energy sector or the company's faith in the long-term profitability of Chevron Corp.

Merck & Co Inc (MRK) faced a major decline in both the number of shares held and their corresponding value. This decrease indicates a potential strategic move by Griffin Asset Management away from pharmaceutical companies like Merck & Co Inc.

In conclusion, Griffin Asset Management, Inc. made several notable changes in its investment portfolio between the second and third quarters of 2023. While some holdings experienced increases in value or number of shares held, others faced decreases. These changes reflect the company's commitment to adapting its investment strategy to current market conditions and identifying new opportunities for growth. Investors and industry observers can learn valuable lessons from these shifts in Griffin Asset Management's holdings and use them as a guide for their own investment decisions.

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