Stadion Money Management's Latest 13F Holdings: Top Gainers and Losers in Q3 and Q4 2022

Stadion Money Management LLC is a renowned financial services firm that focuses on delivering dynamic portfolio management solutions to clients worldwide. One of their significant responsibilities is filing a quarterly report with the Securities and Exchange Commission (SEC) called the 13F. It is a mandatory form that all institutional investment managers that manage over $100 million of reportable securities must file with the SEC, providing a snapshot of their holdings as of the end of the quarter.

In this article, we will examine Stadion Money Management's 13F holdings in Q3 and Q4 2022, highlighting the top gainers and losers in terms of shares and value. Our analysis is based on the CSV data released by the SEC, and we'll provide insights into the potential reasons behind the changes.

Top Gainers

1. SPDR Index Shares (SPDW): Stadion Money Management increased its holdings in SPDR Index Shares by 196,096 shares in Q4 2022, representing an 11.6% increase from Q3. SPDW tracks the performance of Global ex-US Small Cap Index, and its top holdings include NICE Ltd., Aryzta AG, and Aggreko Plc.

2. SPDR Select Sector Fund- Consumer Discretionary (XLY): Q4 2022 saw Stadion Money Management add 173,573 more shares of XLY to its portfolio, pushing up its holdings to 651,531 shares, which represents growth of 36.2% from Q3. XLY tracks the performance of select consumer discretionary companies within the S&P 500, including Amazon.com Inc, Home Depot Inc, and McDonald's Corporation.

3. SPDR S&P 500 ETF Trust (SPY): Stadion Money Management also increased holdings of SPDR S&P 500 ETF Trust by 16,966 shares in Q4, resulting in a 1.6% increase from Q3. SPY is one of the most popular ETFs that tracks the performance of the S&P 500 Index, with top holdings including Apple Inc, Microsoft Corp, and Amazon.com Inc.

Top Losers

1. Ishares U.S. Treasury Bond ETF (GOVT): One of the biggest losers in Stadion's portfolio in Q4 2022 was Ishares U.S. Treasury Bond ETF. The firm divested 411,952 shares, resulting in a 21.9% decrease from Q3, and reducing its total shares to 1,480,915. GOVT tracks the performance of the ICE U.S. Treasury Core Bond Index and invests in nearly all of the U.S. Treasuries.

2. SPDR Portfolio Aggregate Bond ETF (SPAB): SPDR Portfolio Aggregate Bond ETF was another notable loser in Q4 2022, with Stadion Money Management reducing its holdings by 63,542 shares, to hold a total of 8,719,322 shares, approximating 6.1% decrease from Q3. SPAB tracks the performance of the Bloomberg Barclays U.S. Aggregate Bond Index, and its holdings include U.S. Treasuries, mortgage-backed securities, and investment-grade corporate bonds.

3. SPDR S&P 500 ETF Trust (SPY): Although we previously noted how Stadion Money Management increased shares in SPDR S&P 500 ETF Trust, the firm also divested 55,350 shares of the ETF in Q4 2022, resulting in a 0.5% decrease from Q3. It's unclear why the firm reduced holdings, but it could be due to profit-taking given the ETF's impressive gains in 2022.

Conclusion

Stadion Money Management made notable adjustments in its portfolio in Q4 2022, resulting in some gains and losses for popular ETFs. As we've highlighted, the company increased its holdings in SPDR Index Shares and SPDR Select Sector Fund- Consumer Discretionary, while reducing its ownership in Ishares U.S. Treasury Bond ETF and SPDR Portfolio Aggregate Bond ETF. Without additional information about the firm's objectives, these moves are open to interpretation. However, it's possible that Stadion Money Management is aligning its portfolio with its existing risk-benefit profile or implementing new investment objectives. Regardless, their 13F holdings will certainly attract attention from investors and analysts alike.