The Shifting Landscape of Investments: Evercore Wealth Management's Q3 and Q4 2022 13F Holdings Comparison

As the global economy continues to recover after the challenging period of 2020, businesses and investors alike have been navigating an ever-changing landscape. In the world of investments, one tool to gauge the strategies of institutional investors is the “13F” filing. These filings are made with the Securities and Exchange Commission (SEC) by institutional investment managers with over $100 million in assets under management. The filing discloses extensive details of institutional managers' holdings, including stocks, options, and convertible bonds. Institutions are required to file the form if they manage assets that exceed the specified threshold. In this blog post, we will explore the holdings of Evercore Wealth Management LLC and how they have changed from Q3 to Q4 of 2022 based on a 13F filing.

Evercore Wealth Management LLC is an independently managed subsidiary of Evercore Inc, providing investment advisory services to high-net-worth clients. According to the latest 13F filing, the firm's assets under management exceed $12 billion. The comparison between Q3 and Q4 of 2022 for Evercore Wealth Management LLC shows the firm made several changes to its holdings. The report revealed that the total value of the firm's holdings saw a decrease from $3.15 billion in Q3 to $2.95 billion in Q4, a decrease of 6.34% quarter over quarter.

Apple Inc (AAPL) is the largest holding of Evercore Wealth Management LLC, with 1,950,480 shares worth $253.42 million, followed by Microsoft Corporation (MSFT) with 963,389 shares worth $231.03 million. UnitedHealth Group Inc (UNH) is in the third spot, with 349,932 shares worth $185.53 million. Meanwhile, Thermo Fisher Scientific Inc (TMO) and Mastercard Incorporated (MA) round out the top five holdings, with 309,589 shares worth $170.49 million and 460,227 shares worth $160.03 million, respectively.

The report revealed significant changes in the holdings of AutoZone Inc (AZO), as Evercore reduced its holdings by 13.4%, from 57,963 shares in Q3 to 57,063 shares in Q4. In contrast, Evercore increased its holdings of Chubb Limited (CB) by 24.8%, from 432,124 shares in the third quarter to 444,516 shares in the fourth quarter.

The report also revealed that Evercore had reduced its holdings in Amazon.com Inc (AMZN) by 26.2%, from 1,211,537 shares in Q3 to 1,202,785 shares in Q4. Contrarily, the firm increased its holdings in SS&C Technologies Hldgs Inc (SSNC) by 14.5%, owning 690,700 shares worth $35.96 million in Q4.

The data shows an increase of 10.2% in the value of holdings in iShares Gold Trust (IAU), from 691,727 shares in Q3 to 694,612 in Q4, worth $21.81 million and $24.03 million, respectively. Additionally, the value of the holdings in Procter & Gamble Co (PG) increased by 22.4%, with 98,984 shares worth $15 million in Q4, compared to 97,094 shares worth $12.26 million in Q3.

On the other hand, Generac Hldgs Inc (GNRC) and Disney Walt Co (DIS) experienced significant decreases in holdings, with the value of holdings in GNRC dropping 47.4%, from $42.21 million in Q3 to $22.20 million in Q4. Meanwhile, the value of holdings in DIS dropped by a massive 82.3%, from $43.33 million in Q3 to $7.68 million in Q4.

In conclusion, Evercore Wealth Management LLC's 13F filing for Q3 and Q4 of 2022 revealed several significant changes in holdings for the company. The report highlights the importance of reviewing investment holdings regularly and adapting to market trends, following news about specific companies, and adjusting accordingly. Ultimately, it's the ability to adjust and adapt, which helps achieve clients' long-term goals.