MainStreet Investment Advisors LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Introduction:

Investments play a crucial role in determining the success of any financial institution. With the ever-changing dynamics of the market, it is essential to analyze the holdings and evaluate the performance of various funds. In this article, we will delve into the comparison of MainStreet Investment Advisors LLC's Q1 2023 and Q2 2023 13F holdings. This comparison will provide insights into the changes in their investment portfolio, highlighting the stocks that gained or lost value during this period. Let's explore the data and draw meaningful conclusions from it.

Analysis:

1. iShares Core S&P Mid-Cap ETF (IJH):

MainStreet Investment Advisors LLC held 285,380 shares of iShares Core S&P Mid-Cap ETF in Q1 2023. However, in Q2 2023, this number decreased to 271,651 shares, indicating a 0.5% decline. The value of the shares also experienced a slight dip, going from $71,390,000 to $71,031,000.

2. iShares MSCI EAFE ETF (EFA):

The holdings of iShares MSCI EAFE ETF witnessed a similar trend. In Q1 2023, MainStreet Investment Advisors LLC held 879,657 shares, which decreased to 853,103 shares in Q2 2023, reflecting a 1.7% decline. The value of these shares also dropped from $62,913,000 to $61,849,000.

3. Apple Inc (AAPL):

MainStreet Investment Advisors LLC's holdings of Apple Inc. experienced a slight decrease from 258,070 shares in Q1 2023 to 247,551 shares in Q2 2023. Although there was a decrease in the number of shares, the value of AAPL increased from $42,555,000 to $48,017,000, indicating a 12.8% rise.

4. Microsoft Corp (MSFT):

Similarly, the holdings of Microsoft Corp by MainStreet Investment Advisors LLC decreased from 138,599 shares in Q1 2023 to 134,191 shares in Q2 2023. However, the value of these shares rose from $39,958,000 to $45,697,000, indicating a 14.4% increase.

5. iShares Core S&P Small-Cap ETF (IJR):

MainStreet Investment Advisors LLC held 383,339 shares of iShares Core S&P Small-Cap ETF in Q1 2023. This number slightly decreased to 369,640 shares in Q2 2023, reflecting a 0.6% decline. The value of these shares remained relatively stable, going from $37,068,000 to $36,834,000.

6. Vanguard Short-Term Treasury ETF (VGSH):

The holdings of Vanguard Short-Term Treasury ETF by MainStreet Investment Advisors LLC witnessed an interesting change. The number of shares increased from 496,433 in Q1 2023 to 522,648 in Q2 2023, indicating a 3.8% rise. Similarly, the value of these shares also increased from $29,061,000 to $30,172,000.

7. iShares Core S&P 500 ETF (IVV):

MainStreet Investment Advisors LLC's holdings of iShares Core S&P 500 ETF experienced a decline from 67,401 shares in Q1 2023 to 57,098 shares in Q2 2023. This change reflects an 8.1% decrease in the number of shares. The value of IVV also decreased from $27,707,000 to $25,449,000.

8. BlackRock Inc (BLK):

The holdings of BlackRock Inc by MainStreet Investment Advisors LLC experienced a marginal decrease. The number of shares decreased from 30,248 in Q1 2023 to 29,225 in Q2 2023, reflecting a 0.2% decline. The value of these shares also decreased slightly from $20,239,000 to $20,198,000.

9. PepsiCo Inc (PEP):

MainStreet Investment Advisors LLC held 112,750 shares of PepsiCo Inc in Q1 2023, which slightly decreased to 108,958 shares in Q2 2023, indicating a 1.8% decline. The value of these shares also experienced a slight decrease from $20,554,000 to $20,181,000.

10. Procter & Gamble Co/The (PG):

Similarly, the holdings of Procter & Gamble Co/The by MainStreet Investment Advisors LLC witnessed a slight decrease. The number of shares decreased from 131,417 in Q1 2023 to 127,032 in Q2 2023, reflecting a 1.4% decline. The value of these shares also decreased slightly from $19,540,000 to $19,275,000.

Conclusion:

MainStreet Investment Advisors LLC's Q1 2023 vs. Q2 2023 13F holdings comparison reveals interesting trends in their investment portfolio. While some stocks experienced a decline in the number of shares held, others witnessed an increase. Despite the decrease in the number of shares, some stocks, such as Apple Inc and Microsoft Corp, showed significant value appreciation. These changes indicate the dynamic nature of the market and the investment strategies employed by MainStreet Investment Advisors LLC.

It is important to note that this article provides a summary of the changes in holdings without delving into the reasons behind these changes. The fluctuations in the market, company performance, and investor preferences can contribute to these changes. Investors and financial analysts can use this data to evaluate the performance of MainStreet Investment Advisors LLC's investment decisions and gain insights into the ever-changing market trends.