Selective Wealth Management, Inc. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investment management plays a vital role in the financial industry, with firms responsible for managing and allocating funds on behalf of their clients. Selective Wealth Management, Inc. is one such company that focuses on providing tailored investment solutions to its clients. In this blog post, we will explore the changes in holdings between Q2 2023 and Q3 2023 for Selective Wealth Management, Inc.'s 13F filings.

During this period, Selective Wealth Management, Inc. experienced significant fluctuations in their holdings across various companies. Let's delve into some of the notable changes and analyze their implications.

Vanguard Index Funds (VOO) saw a slight decrease in shares held by Selective Wealth Management, Inc. with 124,860 shares in Q2 2023 compared to 124,221 shares in Q3 2023. Similarly, the value of these holdings dropped from $50,439,000 to $48,476,000, representing a 3.9% decline.

On the other hand, Selective Wealth Management, Inc. significantly increased its holdings in iShares TR (SGOV) from 54,522 shares in Q2 2023 to 110,505 shares in Q3 2023. This substantial increase indicates the firm's confidence in the issuer's future performance. The value of these holdings also surged from $5,470,000 to $11,083,000, representing an impressive 102.6% growth.

WisdomTree TR (WCLD) experienced a slight decrease in Selective Wealth Management, Inc.'s holdings. The number of shares held dropped from 353,411 in Q2 2023 to 345,911 in Q3 2023. The value of these shares also declined, from $11,277,000 to $9,993,000, representing an 11.4% decrease.

Selective Wealth Management, Inc. significantly increased its holdings in J.P. Morgan Exchange Traded Funds (JEPI) from 70,567 shares in Q2 2023 to 160,987 shares in Q3 2023. This substantial increase indicates the firm's confidence in J.P. Morgan Exchange Traded Funds' future performance. The value of these holdings also surged from $3,871,000 to $8,506,000, representing a remarkable 119.7% growth.

Meta Platforms Inc. (META) experienced a minor decrease in Selective Wealth Management, Inc.'s holdings. The number of shares held dropped from 26,750 in Q2 2023 to 23,702 in Q3 2023, with the value of these holdings decreasing from $7,867,000 to $7,242,000, representing a 7.9% decline.

Salesforce Inc. (CRM) also witnessed a decrease in holdings by Selective Wealth Management, Inc. The number of shares held dipped from 34,527 in Q2 2023 to 32,111 in Q3 2023, with the value of these holdings decreasing from $7,347,000 to $6,482,000, representing an 11.8% decline.

Alibaba Group Holding Ltd. (BABA) experienced a decrease in Selective Wealth Management, Inc.'s holdings. The number of shares held dropped from 86,092 in Q2 2023 to 74,661 in Q3 2023. The value of these shares also declined, from $7,796,000 to $6,277,000, representing a 19.5% decrease.

Selective Wealth Management, Inc. also decreased its holdings in Veeva Systems Inc. (VEEV). The number of shares held dropped from 32,645 in Q2 2023 to 30,510 in Q3 2023. The value of these shares decreased from $6,523,000 to $6,116,000, representing a 6.2% decline.

iShares TR (IVV) saw a slight decrease in shares held by Selective Wealth Management, Inc. with 13,223 shares in Q2 2023 compared to 13,488 shares in Q3 2023. Similarly, the value of these shares dropped from $5,844,000 to $5,753,000, representing a 1.6% decline.

Selective Wealth Management, Inc. experienced a significant decrease in holdings in Splunk Inc. (SPLK). The number of shares held dropped from 67,991 in Q2 2023 to 31,316 in Q3 2023. The value of these shares decreased from $7,103,000 to $4,592,000, representing a significant 35.3% decline.

These are just a few examples of the changes in holdings between Q2 2023 and Q3 2023 for Selective Wealth Management, Inc. While some investments experienced decreases, others saw significant growth, indicating the firm's strategic portfolio management strategies.

Investment management is a complex field, with various factors influencing the decision-making process. Selective Wealth Management, Inc. continuously monitors market trends, evaluates company performance, and assesses risk factors to make informed investment decisions on behalf of its clients.