Sentry Investment Management LLC Q4 2022 vs. Q1 2023: A Look at the Changing Landscape of Holdings
Ava Hoppe | 8 May, 2023
Sentry Investment Management LLC has been making a number of shifts in their holdings over the last few quarters. What changes have they made, and what could they mean for the future of their investment strategy? In this article, we will take a closer look at the changes seen from Q4 2022 to Q1 2023 and analyze the possible reasons for their strategic moves.
During Q4 2022, Sentry Investment Management LLC held 49 stocks within their portfolio. By the end of Q1 2023, this number had decreased to 48. While it may not be a significant decrease in the overall number of stocks held, it's important to look at the changes within the positions that were held.
The top 5 holdings in Q4 2022 included Apple, Microsoft, Amazon, Alphabet, and NVIDIA. These were also the top 5 holdings by value. By Q1 2023, we see that there were only two changes in the top 5. NVIDIA was displaced by Alphabet's Class C shares and UnitedHealth Group dropped from the top 5 with JPMorgan Chase & Co. climbing the ranks to take its place.
It's interesting to note that while some of the top holdings saw decreases in the number of shares held, their increase in value was enough to keep them in the top 5. Even with the slight decrease in the number of shares held, the value of Alphabet's Class C shares went up by 14.7%. This may indicate that Sentry Investment Management LLC is placing more emphasis on value than the volume of shares held.
One of the most notable changes in the portfolio was the addition of a new position in Meta Platforms, Inc. Formerly known as Facebook, the rebranding of the company may have sparked the interest of Sentry Investment Management LLC. It's good to be aware that despite rebranding, the company still faces scrutiny from lawmakers and regulators.
There were also significant decreases in holdings for a number of the top stocks in the portfolio. Wells Fargo was hit the hardest, with a decrease of over 9,000 shares held. Interestingly enough, Marathon Petroleum saw the largest increase in shares held, jumping from 5,115 to 7,319. It's hard to say what may have prompted these changes, but it's possible that Sentry Investment Management LLC could be reacting to changes within the market or possibly even anticipating future events.
In conclusion, Sentry Investment Management LLC has made some significant changes in their holdings from Q4 2022 to Q1 2023. The slight decrease in the overall number of stocks held isn't as important as the changes within the top holdings. By placing more importance on value over volume, the company may be indicating a shift in their investment strategy. Additionally, the addition of a new position and the decrease in holdings for some top stocks, while others increase, highlights constantly changing market dynamics and the need to stay alert when investing.
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