Janney Capital Management LLC Q1 2023 vs. Q2 2023: A Closer Look at Changes in Holdings

Janney Capital Management LLC, a reputable investment management firm, recently released its 13F holdings report for the first and second quarters of 2023. The report provides valuable insights into the changes in holdings made by Janney Capital Management during this period. In this article, we will delve deeper into the notable changes and analyze the potential implications for investors.

ISHS CORE MSCI EAFE ETF (IEFA):

Janney Capital Management's holdings in the ISHS CORE MSCI EAFE ETF saw a slight decrease of 1.9% from Q1 2023 to Q2 2023. While the change may seem insignificant, it indicates a potential shift in investment strategy within the international markets.

MICROSOFT CORP (MSFT):

Janney Capital Management maintained its position in Microsoft Corp, with a minimal increase of 18.4% in shares during the same period. This reinforces the firm's confidence in the tech giant and its future prospects.

SPDR DBLLIN T/R TACT ETF (TOTL):

Janney Capital Management reduced its holdings in the SPDR DBLLIN T/R TACT ETF by 3.6% in Q2 2023. The decrease in shares suggests a possible reallocation of assets to other investment opportunities.

JPMORGAN CHASE CO (JPM):

Janney Capital Management increased its holdings in JPMorgan Chase Co by 12.9% during the second quarter of 2023. The move indicates the firm's belief in the banking sector's growth potential and the bank's ability to deliver strong returns.

TECH SEL SECT SPDR ETF (XLK):

Janney Capital Management's holdings in the TECH SEL SECT SPDR ETF saw a modest increase of 11.3% in Q2 2023. This reflects the firm's bullish outlook on the technology sector and its desire to capitalize on its potential growth.

JOHNSON & JOHNSON (JNJ):

Janney Capital Management maintained its position in Johnson & Johnson, with a marginal increase of 7.1% in shares during the same period. This suggests the firm's trust in the healthcare giant and its ability to generate consistent returns.

BROADCOM INC (AVGO):

Janney Capital Management significantly reduced its holdings in Broadcom Inc by 3.9% in Q2 2023. The decrease in shares indicates a potential reevaluation of the company's prospects and its fit within the firm's investment strategy.

ISHS RUSS 2000 INDX ETF (IWM):

Janney Capital Management reported a minor increase of 1.7% in its holdings of the ISHS RUSS 2000 INDX ETF during the second quarter of 2023. It implies that the firm still sees value in small-cap stocks and wants to maintain exposure to this segment of the market.

SELECT COMMN SVC SEL ETF (XLC):

Janney Capital Management slightly reduced its holdings in the SELECT COMMN SVC SEL ETF by 8.8% in Q2 2023. This suggests a potential shift in the firm's sector allocation strategy or a desire to explore other investment opportunities.

TAIWAN SEMICON MFG CO (TSM):

Janney Capital Management maintained its position in Taiwan Semiconductor Manufacturing Company, with a modest increase of 8.4% in shares during the second quarter of 2023. This indicates the firm's confidence in the company's role as a leader in the semiconductor industry.

APPLE INC (AAPL):

Janney Capital Management significantly increased its holdings in Apple Inc by acquiring shares during Q2 2023. The move suggests the firm's belief in the company's future growth prospects and its intention to capitalize on the tech giant's success.

BP PLC SPON ADR (BP):

Janney Capital Management also acquired BP PLC SPON ADR shares during the second quarter of 2023, indicating the firm's interest in the energy sector and potential optimism regarding BP's performance.

ANALYSIS:

The changes in Janney Capital Management's holdings highlight the firm's dynamic approach to managing investments and its willingness to adapt its portfolio in response to market conditions. While some holdings were reduced or eliminated, others saw an increase in shares, demonstrating the firm's confidence in certain sectors and companies.

Tech stocks, particularly Microsoft Corp and the TECH SEL SECT SPDR ETF, continued to be attractive investment options for Janney Capital Management. The firm's increased holdings in JPMorgan Chase Co suggest a positive outlook on the financial sector, while its reduced holdings in Broadcom Inc may indicate a reassessment of the company's potential.

Janney Capital Management's acquisition of shares in Apple Inc and BP PLC SPON ADR indicates the firm's interest in high-growth companies and the energy sector, respectively. These moves align with the firm's strategy of identifying value and growth opportunities across diverse sectors.

It's important to note that 13F filings are based on historical data, and investors should conduct further research and analysis to make informed investment decisions. Nevertheless, Janney Capital Management's recent 13F holdings report provides valuable insights into the firm's investment strategy and potential opportunities within the market.

DISCLAIMER: The information provided in this article is for informational purposes only and should not be considered as financial advice.