The Rise and Fall: Vision Capital Management's Q4 2022 vs. Q1 2023 Fund Holdings

The latest Securities and Exchange Commission (SEC) filings from Vision Capital Management (VCM) were recently released, revealing changes in the company's holdings. The 13F report shows the fund's positions at the end of Q4 2022 compared to the end of Q1 2023. In the report, we can see which stocks the company invested in and which ones were sold or trimmed down. Here's what we know:

One of the most significant changes in VCM's holdings was in Apple Inc. (AAPL). The company added over 2,300 shares to their holdings, which equated to an increase of 28.2%. This move reflects the trend of institutional investors favoring the tech giant, with its continual focus on innovation and the recent surge in demand for its products.

Another notable change in VCM's holdings was seen in The Sherwin Williams Co. (SHW), which was sold off by the fund. The company saw sales of over 1,000 shares, resulting in a decrease of 7.9%. This move is surprising, given that the shares of SHW have been performing well over the past few months.

The fund also added shares of U Haul Holding Company (UHAL-B), increasing holdings by 16.4%. This move could be due to rising demand for moving services and the expected rise in transportation costs in the coming months.

In contrast, the fund sold shares of CVS Health Corp. (CVS) and saw holdings decrease by 22.7%. This move could be attributed to the uncertainty in the healthcare landscape due to the ongoing COVID-19 pandemic.

VCM's top holdings in Q4 2022 were in International Business Machines (IBM), Microsoft Corp. (MSFT), and Zoetis Inc. (ZTS), each of which saw little to no change in the fund's holdings during the Q1 2023 filing.

In terms of the largest total value holdings, Vanguard Tax-Managed Fds (VEA), iShares TR (IVV), and Vanguard Intl Equity Index F (VWO) topped the list. While there were some changes in shares held, the overall value of these holdings remained the same or saw slight increases.

Overall, VCM's Q4 2022 vs. Q1 2023 13F filings demonstrate a mix of additions and reductions in several stock positions. While the motivations behind these moves remain unknown, they provide an interesting insight into the fund's decisions and strategies in the current market.