Oliver Luxxe Assets LLC Q4 2022 vs. Q1 2023: A Comparative Analysis of Investment Holdings

The investment market is a constantly changing landscape, subject to numerous factors that can lead to significant shifts in a portfolio's holding. Keeping track of these changes is crucial for investors looking to make informed decisions about their investments. In this article, we'll take a closer look at Oliver Luxxe Assets LLC and compare their Q4 2022 vs. Q1 2023 13F holdings, seeking to understand the changes that took place during this period.

Oliver Luxxe Assets LLC, founded in 2020, is an investment firm based in Atlanta, Georgia. The company primarily focuses on holding equity investments across a wide range of sectors, including technology, healthcare, and finance. The report we will analyze today provides a detailed summary of the firm's recent 13F holdings, highlighting the companies in which they currently hold stock.

The report reveals that Oliver Luxxe Assets LLC holds shares in 41 different companies, with a total value of $429,468,000 as of Q1 2023. This represents a significant increase from their Q4 2022 holdings, which totaled $407,236,000. The majority of this increase can be attributed to the firm's investment in Meta Platforms Inc. (META), which saw a massive increase of 234.3% in shares held from Q4 2022 to Q1 2023.

Another notable shift in holdings was seen in their investment in RELIANCE STEEL & ALUMINUM CO (RS), increasing by 24.3%. Additionally, Freeport-McMoRan Inc. (FCX) saw a rise of 5.9% in shares held. On the other hand, Chevron Corp New (CVX) saw a steep decline of 22.1% in shares held, followed by Bristol-Myers Squibb Co (BMY), which saw a drop of 1.2% in shares held.

Oliver Luxxe Assets LLC invested in some new stocks, with ON Semiconductor Corp (ON), Nexstar Media Group Inc (NXST), America's Car-Mart Inc (CRMT), and Jackson Financial Inc (JXN) being notable new additions in their portfolio.

Let's take a closer look at Meta Platforms Inc. (META), which saw the most significant change in holdings. META, formerly known as Facebook, has a market capitalization of $1.2 trillion. They are one of the world's largest social media companies, with over three billion monthly active users across their platforms. In Q4 2022, Oliver Luxxe Assets LLC held 24,104 shares worth $2,900,000. Still, this eventually increased to 45,747 shares worth $9,695,000 in Q1 2023.

The significant increase in META's stock prices can be attributed to their recent foray into the Metaverse, a virtual world that incorporates gaming, social media, and commerce. This has generated a lot of interest from investors, with many believing this could be the next big thing for tech companies.

In conclusion, the investment world is a complex and ever-changing space, with plenty of opportunities for investors to profit if they approach it correctly. By analyzing Oliver Luxxe Assets LLC's Q4 2022 vs. Q1 2023 13F holding, we see an increase in their investment portfolio, with META being the most significant contributor to their portfolio's growth. Additionally, the new stocks they have invested in, including Jackson Financial Inc (JXN), shows the firm's commitment to expanding its portfolio and remaining competitive in the ever-changing investment world.