Guinness Atkinson Asset Management Q4 2022 vs. Q1 2023 - What Changed in Holdings?

Guinness Atkinson Asset Management is an independent investment management firm that offers mutual funds and ETFs designed for long-term investors who appreciate unconventional thinking. The firm filed its Form 13F with the SEC on January 31, 2023, and reported changes to its holdings for the quarter that ended on December 31, 2022, compared to the quarter that ended on March 31, 2023. In this article, we will take a closer look at the changes in holdings and what they mean for investors.

The top 5 holdings in Q4 2022 were:

1. Comcast Corp New (CMCSA) - 107,932 shares

2. Canadian Solar Inc (CSIQ) - 32,006 shares

3. Nike Inc (NKE) - 40,737 shares

4. Baidu Inc (BIDU) - 15,205 shares

5. Mastercard Incorporated (MA) - 16,847 shares

The top 5 holdings in Q1 2023 were:

1. Canadian Solar Inc (CSIQ) - 35,479 shares

2. Meta Platforms Inc (META) - 26,909 shares

3. Nike Inc (NKE) - 39,891 shares

4. Baidu Inc (BIDU) - 14,160 shares

5. Comcast Corp New (CMCSA) - 105,691 shares

Canadian Solar Inc was the only company in the top 5 holdings that had an increase in shares held, with an increase of 11%. On the other hand, Comcast Corp New had a decrease of 2%, dropping from 107,932 shares to 105,691 shares. Meanwhile, Meta Platforms Inc had the biggest change in percentage, increasing its shares held by 150%, from 18,944 shares to 26,909 shares.

Guinness Atkinson Asset Management's biggest holding was in Canadian Solar Inc in both quarters. However, the percentage of shares held in Canadian Solar Inc dropped from 7.1% in Q4 2022 to 4.3% in Q1 2023. Meanwhile, the percentage of shares held in Meta Platforms Inc increased from 1.5% in Q4 2022 to 3.4% in Q1 2023.

It's interesting to note that Guinness Atkinson Asset Management did not have any holdings in Apple Inc (AAPL) in Q4 2022, but had 31,206 shares worth $5,145,000 in Q1 2023. This new position in Apple represents 1.1% of their overall portfolio.

In terms of sectors, the holdings were diversified, but the top three sectors in Q4 2022 were Information Technology (37.7%), Energy (9.6%), and Consumer Discretionary (9.3%). In Q1 2023, the top three sectors were Information Technology (34.8%), Energy (8.6%), and Consumer Discretionary (8.4%).

Overall, the changes in holdings show that Guinness Atkinson Asset Management is making moves to diversify its portfolio across different sectors. It's clear that the firm has a bullish outlook on the renewable energy sector, as evidenced by their increased position in Canadian Solar Inc. It will be interesting to see what changes the firm makes in the future, and how it continues to manage its investments to deliver long-term returns to investors.