Valicenti's Q4 2022 vs. Q1 2023 13F Holdings: Key Changes in Top Holdings

Valicenti Advisory Services Inc, a Massachusetts-based investment advisor, recently released its 13F filings for Q4 2022 and Q1 2023. The quarterly filings reveal the investment manager's holdings of publicly-traded securities at the end of each quarter. In this article, we'll take a closer look at the key changes in Valicenti's top holdings between Q4 2022 and Q1 2023.

One of the most notable changes occurred in Valicenti's holdings of NextEra Energy Inc (NEE). During Q4 2022, Valicenti did not own any shares of the company. However, in Q1 2023, the investment manager held 39,210 shares of NEE, worth approximately $3.02 million. NextEra Energy is the world's largest producer of wind and solar energy, and its stock has been on a tear over the past year, outperforming the S&P 500 by a wide margin.

Valicenti also increased its holdings in several other large-cap companies. In particular, the investment manager added to its positions in Apple Inc (AAPL), Microsoft Corp (MSFT), and Alphabet Inc Class A (GOOGL). Valicenti held 121,191 shares of Apple at the end of Q1 2023, up from 123,617 shares in Q4 2022. Its holdings of Microsoft and Alphabet increased by 3,438 shares and 1,969 shares, respectively, over the same period.

Amazon.com Inc (AMZN) remained one of Valicenti's top holdings during Q1 2023, with 147,906 shares worth approximately $15.28 million. The company's shares have been buoyed by strong earnings growth in recent quarters, and Valicenti's decision to maintain its position suggests that the investment manager remains bullish on the company's prospects.

Valicenti's largest position during Q1 2023 was Schwab US Large-Cap ETF (SCHX), which accounted for approximately 9.14% of the investment manager's total portfolio. Valicenti held 458,262 shares of the ETF at the end of Q1 2023, down from 494,830 shares in Q4 2022. The investment manager also reduced its holdings of Intuitive Surgical Inc (ISRG) and Dollar General Corp (DG) during the same period.

Overall, Valicenti's Q1 2023 portfolio reflects a balanced mix of large-cap technology companies, healthcare stocks, and energy producers. While the investment manager made some adjustments to its positions during the quarter, it maintained a long-term outlook that emphasizes high-quality, growth-oriented businesses.