Investment Update: Comparing Toth Financial Advisory Corp's Q4 2022 and Q1 2023 Holdings

Toth Financial Advisory Corp, a San Diego-based Registered Investment Advisor (RIA) firm, recently released its Form 13F filing for the first quarter of 2023. This form lists the company's top holdings and the changes in value and shares owned between the fourth quarter of 2022 and the first quarter of 2023. In this blog post, we will take a closer look at TFA's Q4 2022 and Q1 2023 holdings, highlighting the changes in its top 50 holdings over the two quarters.

Overview of TFA's Q4 2022 vs. Q1 2023 Holdings

TFA's Q1 2023 holdings are almost identical to its Q4 2022 holdings, with the total value of its portfolio increasing only marginally from $439 million to $441 million. The number of shares held by the firm also increased modestly, from 1,204,528 at the end of 2022 to 1,214,670 by the end of Q1 2023. TFA's top holdings for both quarters are technology and healthcare companies. The company's largest holding is in Microsoft Corp (MSFT), with 69,390 and 70,828 shares held in Q4 2022 and Q1 2023, respectively. TFA's second-largest holding is in Apple Inc (AAPL), with 94,995 shares held in Q4 2022 and 101,178 shares held in Q1 2023.

Changes in Top Holdings

While TFA's top holdings did not change much between Q4 2022 and Q1 2023, there were notable changes in the value and number of shares held. Some of the major changes are as follows:

• TFA's holdings in Micron Technology Inc (MU) decreased by 88% from 77,469 shares at the end of Q4 2022 to 9,366 shares by the end of Q1 2023.
• TFA's holdings in Fiserv Inc (FISV) increased by 12.4%, from 139,543 shares in Q4 2022 to 140,216 shares at the end of Q1 2023.
• TFA's holdings in General Dynamics Corp (GD) decreased by 8%, from 20,991 shares at the end of Q4 2022 to 21,005 shares by the end of Q1 2023. TFA's top holdings in technology and healthcare companies remain relatively stable between the two quarters, with slight shifts in the number of shares held.

  Notable Holdings and Changes

  TFA holds positions in several popular tech and healthcare companies. The most notable changes over the two quarters come from its holdings in ProShares Trust - Ultra QQQ (QLD), John Marshall Bancorp Inc (JMSB), Coca-Cola Co (KO), and Alphabet Inc (GOOGL). TFA's holdings in QLD increased by 42.9%, from 228,414 shares in Q4 2022 to 230,688 at the end of Q1 2023. On the other hand, TFA's holdings in JMSB decreased by 27.1%, from 447,956 shares at the end of Q4 2022 to 434,943 shares by the end of Q1 2023. TFA's holdings in Coca-Cola Co (KO) remained relatively stable, with 85,496 shares held in Q4 2022 and 86,063 shares held at the end of Q1 2023. Finally, TFA's holdings in Alphabet Inc (GOOGL) saw a significant increase of 177.5%, from 14,342 shares in Q4 2022 to 33,857 shares held by the end of Q1 2023.

  Conclusion

  In summary, TFA's portfolio saw little change between Q4 2022 and Q1 2023 in terms of its top holdings. While some positions increased or decreased, the changes were not significant enough to alter the overall shape of the portfolio. With technology and healthcare remaining the firm's core areas of focus, it will be interesting to see if any major changes occur in the coming quarters.