Investment Insights on Guardian Capital Advisors LP Q3 2022 vs. Q4 2022: Comparing Holdings and Changes

Guardian Capital Advisors LP is a registered investment advisor headquartered in Toronto, Canada. For Q3 2022 and Q4 2022, their 13F filings show changes in their holdings across a range of stocks in various sectors. In this blog post, we will examine Guardian Capital Advisors' Q3 and Q4 holdings and analyze the changes that occurred during that time period.

Overview of Guardian Capital Advisors

Guardian Capital Advisors is a respected investment advisor that manages over CAD$51 billion in assets. They offer portfolio management services to institutional clients and high net worth individuals, with a focus on creating customized investment solutions. Guardian Capital Advisors aims to provide clients with consistent, risk-adjusted returns through a disciplined investment approach.

Changes in Holdings

Guardian Capital Advisors' holdings underwent several changes between Q3 2022 and Q4 2022. In terms of banks, the most significant change was a 14% increase in the holdings of Bank of Montreal, from 28,577 shares in Q3 to 32,566 shares in Q4. Meanwhile, their holdings in Toronto-Dominion Bank and Canadian Imperial Bank of Commerce decreased by 1% and 2%, respectively.

The firm's energy holdings also saw changes, with their holdings in Enbridge Inc increasing by nearly 19% and their holdings in Suncor Energy Inc remaining relatively stable. However, their holdings in Nutrien Ltd decreased by 7.4%.

Guardian Capital Advisors increased their holdings in Rogers Communications Inc by 28%, from 8,309 shares to 10,609 shares. They also took a new position in Brookfield Corp, purchasing 565,052 shares. In addition, they sold their holdings in Elevance Health Inc during Q4 2022.

In terms of tech stocks, Guardian Capital Advisors increased their holdings in Microsoft Corp by 6.4%. They also increased their holdings in AstraZeneca PLC by 25.3%, Novo-Nordisk A/S by 27.7%, and SAP SE by 39.8%.

Conversely, their holdings in Abcellera Biologics Inc decreased by over 54%, with their Q4 2022 holdings amounting to 1,786,414 shares.

In consumer goods, Guardian Capital Advisors increased their holdings in Diageo PLC by 10.7%. They also increased their holdings in Nike Inc by 47.4%, but decreased their holdings in Costco Wholesale Corp by 4.6%.

In the healthcare sector, the firm's holdings in Johnson & Johnson increased by 6.4%, while their holdings in Baxter International Inc decreased by 18.9%.

Conclusion

Overall, Guardian Capital Advisors' holdings underwent several notable changes during Q3 and Q4 2022. They increased their holdings in Bank of Montreal, Enbridge Inc, Rogers Communications Inc, and Microsoft Corp, among others, while decreasing their stake in certain companies such as Nutrien Ltd and Elevance Health Inc. The most significant change was their acquisition of 565,052 shares of Brookfield Corp. By analyzing these changes, investors may be able to gain insights into the firm's investment strategy and outlook.