Investment Portfolio Changes: Avitas Wealth Management LLC Q3 2022 vs. Q4 2022

Avitas Wealth Management LLC is a leading wealth management firm that provides investment management services to high net worth individuals, families, and institutions. The firm recently released its Q3 2022 vs. Q4 2022 13F holdings comparison, which shows the changes in its investment portfolio. In this article, we will analyse the changes, their potential impact on the market, and what this means for investors.

First, it is essential to understand what a 13F filing is and who is obliged to file it with the Securities and Exchange Commission (SEC). A 13F filing is a quarterly report submitted by institutional investment managers that manage more than $100 million of assets. It provides detailed information about the investment manager's holdings, including the number of shares held, the issuer name, the option type, and the value of the holdings.

Avitas Wealth Management LLC holds a diversified investment portfolio of 45 investments, totaling over $1.5bn. According to the Q3 2022 vs. Q4 2022 13F holdings comparison, the firm increased its holdings in 20 companies, decreased its position in 16, and closed out its position in 3. The remaining 6 holdings were unchanged.

One of the notable changes is the increased position in Apple Inc. (AAPL), with a 16.9% change in the number of shares held. The firm also increased its holdings in Microsoft Corp. (MSFT) and Amazon.com Inc. (AMZN) by 157.3% and 67.7%, respectively. These technology giants have been performing well in the market due to the increased demand for technology-based products and services.

On the other hand, the firm decreased its position in Costco Wholesale Corp. (COST) by 3.9% and abandoned its holdings in Vanguard Scottsdale FDS (VCLT), VanEck ETF Trust (ANGL), and iShares TR (HYG). Investors are advised to keep an eye on these companies as they seek to determine the reasons for the reduced holdings.

The firm's increased position in NVIDIA Corporation (NVDA) is particularly interesting, with a 54.9% change in the number of shares held. NVIDIA has been performing well due to the increased demand for graphics processing units (GPUs) for gaming, artificial intelligence (AI), and other high-performance computing applications. As the demand for these products continues to rise, NVIDIA could be well-positioned to benefit.

Another interesting change is the increased holdings in Caterpillar Inc. (CAT), with a 101.1% change in the number of shares held. Caterpillar is a leading manufacturer of construction and mining equipment, and its stock has been performing well due to the increased demand for infrastructure development globally.

Investors should also note the firm's decreased position in Select Sector SPDR TR (XLK), with a 13.2% change in the number of shares held. XLK is an exchange-traded fund (ETF) that tracks the performance of companies in the technology sector. With the firm's decreased position, investors may wish to consider an alternative ETF or adjust their portfolio accordingly.

In conclusion, Avitas Wealth Management LLC's Q3 2022 vs. Q4 2022 13F holdings comparison reveals some compelling changes in its investment portfolio. The increased holdings in technology giants like Apple Inc., Microsoft Corp., and Amazon.com Inc., as well as in Caterpillar Inc., could potentially be a sign of confidence in these companies' growth prospects. Meanwhile, the reduced holdings in Select Sector SPDR TR and other holdings could be for various reasons, including portfolio rebalancing or market outlook. Investors should stay vigilant and consider these changes when making their own investment decisions.