Investment Manager Sterling compares 13F holdings in Q4 2022 and Q1 2023
Ava Hoppe | 6 May, 2023
Investment management is an integral part of any business strategy for those looking to maximize returns while minimizing overall risk. One of the most popular tools for investors is the 13F form, which requires managers with over $100 million in assets under management to disclose their holdings on a quarterly basis. This provides valuable information for investors looking to piggyback on successful strategies of established money managers. In this article, we will analyze the holdings of Sterling Investment Management, LLC in Q4 2022 and compare them to Q1 2023.
Sterling Investment Management, LLC, with assets under management of over $400 million, manages a variety of equity-based strategies, with a focus on mid- to long-term growth. In Q4 2022, the firm's holdings included 39 different stocks, ETFs, and other securities with a total value of $87.2 million. In Q1 2023, there were 38 securities with a total value of $84.1 million. This represents a 3.6% reduction in the number of securities held and a 3.5% decrease in the total value of holdings.
One of the most significant changes in Sterling's holdings was a 64.1% increase in the number of shares held in the ProShares Short S&P500 ETF (SH) from 137,499 shares in Q4 2022 to 241,198 in Q1 2023. This position was the largest holding in Q1 2023, valued at $3.6 million. The increase may indicate a bearish outlook on the market, as the ETF seeks to provide the inverse return of the S&P500 index. Conversely, several positions that fell in value were those that benefitted from a rising market. These included the Technology Select Sector SPDR Fund (XLK) and the Industrial Select Sector SPDR Fund (XLI), which both saw decreases of 14.7% and 2.6%, respectively.
At the individual stock level, Sterling's top 10 holdings in Q4 2022 largely remained unchanged in Q1 2023, with four stocks entering and leaving the list. The most significant change was the reduction in the number of shares held in Visa Inc (V), which saw a 27.3% decrease in the number of shares held. On the other hand, Apple Inc (AAPL) saw an increase of 25.5% in the number of shares held, rising to 21,856 shares, adding to Sterling's strong position in the stock.
In conclusion, Sterling Investment Management, LLC's Q4 2022 and Q1 2023 13F filings indicate a slight reduction in the number of securities held and the total value of holdings. The rise in holdings of ProShares Short S&P500 ETF may indicate a bearish outlook for the market. However, the firm’s continued interest in technology and innovation is evident through positions held in stocks like Apple and other ETFs like Technology Select Sector SPDR Fund. It is worth noting that these filings are released quarterly and do not necessarily provide a comprehensive picture of Sterling's overall investment strategy.
Other Posts
- The Rise and Fall of Novare Capital Management: A Q4 2022 vs. Q1 2023 Holdings Comparison
- Navigating the Swell: Strategic Management of Portfolio Investments in Changing Times
- **Exploring the Investment Landscape: A Deep Dive into Rezny Wealth Management's Recent Portfolio Shifts**
- The Q3 2022 vs. Q4 2022 13F Holdings Report: Haverford Financial Services’ Portfolio Changes in Detail
- The Changing Tides of Azora Capital LP's Q3 2022 vs. Q4 2022 13F Holdings
- Pettyjohn, Wood & White, Inc Q4 2022 vs. Q1 2023: A Deep Dive into the Company's Portfolio Shakeup
- Foundation Resource Management Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison
- Pope Asset Management's recent 13F Holdings report reveals significant changes in investment strategy over the last year.
- Terril Brothers, Inc. Third Quarter 2022 vs. Fourth Quarter 2022: A Comparison of 13F Holdings
- Raub Brock Capital Management's 13F Holdings: Q4 2022 vs. Q1 2023