White Lighthouse Investment Management Inc. Q4 2022 vs. Q1 2023: A Comprehensive Look at the Holdings Comparison

White Lighthouse Investment Management Inc. recently revealed its 13F filings for Q4 2022 and Q1 2023, providing a snapshot of the company's latest investments. Based on the available data, there have been significant changes in the company's holdings, with several interesting trends emerging in the process. In this post, we'll take a closer look at these changes, highlight the biggest winners and losers, and attempt to draw some conclusions regarding the company's investment strategy.

First off, it's worth noting that there are a couple of ways to interpret the data provided in the 13F filings. As a refresher, 13F filings are quarterly reports filed by institutional investment managers that disclose their equity holdings. The reports contain details such as the name of the issuer, the type of option, the number of shares held, and the value of those shares. With that in mind, let's dive in.

One of the most significant changes in White Lighthouse's holdings is its increased investment in Vanguard Index Funds (VUG). The company's Q1 2023 holdings of VUG rose to 252,958 shares, up from 247,819 shares in Q4 2022. Similarly, the value of those shares increased from $52,812,000 to $63,097,000 – a 19.5% increase. This suggests that White Lighthouse is bullish on the performance of these funds, which track the performance of larger funds, such as the S&P 500.

Another fund that saw a significant increase in holdings was IWF (iShares Trust). White Lighthouse went from holding 29,266 shares in Q4 2022 to holding 34,107 shares in Q1 2023. The value of those shares also jumped from $6,269,000 to $8,333,000 – an increase of 32.9%. It's positive progress comes in line with the bullish view of the equity market in 2022, which saw major indices rising to all-time highs.

On the other hand, White Lighthouse's holdings in iShares Trust (IUSG) witnessed the biggest decline in percentage terms, with holdings falling by 14,682 shares, from 29,410 to 16,728 shares. The value of those shares also dropped from $2,397,000 to $1,484,000. It's possible that this decline was due to the performance of the companies in IUSG. Nevertheless, it's important to mention that IUSG is still a small portion of the company's overall portfolio, making up less than 0.25% of the total holdings.

Of course, these are just a few examples of the notable changes in White Lighthouse's holdings. There are numerous other changes worth a mention, such as the increase in holdings of Apple Inc (AAPL) or the reduction in holdings of Johnson & Johnson (JNJ). However, it is worth noting that many of these changes are relatively small and may not be meaningful in the grand scheme of things.

In conclusion, these filings are just a snapshot of White Lighthouse's investment portfolio and are not necessarily reflective of its overall strategy. While it's undeniable that White Lighthouse has made some shrewd stock picks, and many of its holdings have performed well, it's hard to draw any definitive conclusions from the 13F filings alone. That said, it's worth keeping an eye on the company's holdings in subsequent filings, as it can give us a better idea of its investment priorities and overall strategy moving forward.