Winthrop Advisory Group's Q1 2023 13F Filings Shows ETF and Large-cap Focus, Vanguard Dominates the Fund's ETF Holdings
Ava Hoppe | 21 April, 2023
Winthrop Advisory Group LLC is a registered investment advisor based in New York. The firm recently released its Q1 2023 13F filings, which indicate changes in holdings compared to the previous quarter. The holdings comparison provides a glimpse into the fund's investment strategy, which is focused on exchange-traded funds (ETFs) and large-cap stocks.
ETFs are a popular investment option because they offer diversification and low costs. Vanguard dominates the fund's ETF holdings, with three of the top picks being VTEB, VTI, and VOO. VTEB is the Vanguard Municipal Bond Fund, with a holding of 1255554 in Q4 2022, which increased by 3.6% to 127043 in Q1 2023. VTI is the Vanguard Index Funds, with a holding of 167094 in Q4 2022, which increased by 7.9% to 168951 in Q1 2023. Finally, VOO is another Vanguard Index Fund with a holding of 2252 in Q4 2022, which increased by 55.8% to 3275 in Q1 2023.
Moving on to individual stocks, Apple (AAPL) and Amazon (AMZN) are among the highest holdings in the fund's portfolio. The holdings for Apple decreased by 1% from 166,441 in Q4 2022 to 164,924 in Q1 2023. In contrast, Amazon's holdings increased by 21.7% from 33,527 in Q4 2022 to 33,171 in Q1 2023. Other notable stocks that displayed growth in holdings include NVIDIA (NVDA) and Tesla (TSLA). NVIDIA's holdings increased by 90.8% from 2,376 in Q4 2022 to 2385 in Q1 2023, while Tesla's holdings increased by 77% from 6061 in Q4 2022 to 6372 in Q1 2023.
On the other hand, Johnson & Johnson (JNJ) and Pfizer (PFE) both showed a decrease in holdings. Johnson & Johnson's holdings decreased by 22.2% from 10,058 in Q4 2022 to 8924 in Q1 2023, while Pfizer's holdings decreased by 23.8% from 18,586 in Q4 2022 to 17,770 in Q1 2023. SeaGen (SGEN) also showed a massive drop in holdings. Their holdings decreased by 20.1% from 5068 in Q4 2022 to 2568 in Q1 2023.
In terms of sector allocation, the fund appears to be heavily invested in technology, healthcare, and consumer goods. Information Technology is the most concentrated sector, and XLK (Select Sector SPDR Technology ETF) is one of the top holdings in the fund. The sector allocation reflects the current market trends, as technology and healthcare have been among the best-performing sectors in recent years.
The fund's Q1 2023 filings also suggest a preference for large-cap stocks. The majority of the fund's holdings are in large-cap stocks with some exposure to mid-cap stocks. The top performers in the large-cap category include Microsoft (MSFT), Visa (V), and Home Depot (HD). Microsoft's holdings increased by 20.4% from 21,656 in Q4 2022 to 21,701 in Q1 2023, while Visa's holdings increased by 11% from 5,715 in Q4 2022 to 5,840 in Q1 2023. Home Depot's holdings decreased by 6.9% from 10,263 in Q4 2022 to 10,222 in Q1 2023.
In conclusion, the Q1 2023 13F disclosures show that the Winthrop Advisory Group LLC is continuing to heavily invest in ETFs, with Vanguard featuring heavily in the fund's ETF choices. The top performing individual stocks in the fund's portfolio include some well-known names like Apple, Amazon, and Nvidia, while some holdings, like Johnson & Johnson and Pfizer, show a significant decrease in holdings. Overall, the holdings comparison suggests that the fund's investment decisions are driven by a combination of sector allocation and individual stock performance relative to each other in the market.
Other Posts
- SL Advisors, LLC Q3 2023 vs. Q4 2023: Analyzing Changes in Fund Holdings
- Adams Asset Advisors, LLC Q3 2023 vs. Q4 2023 13F Holdings Comparison
- Investing in the Top Companies: Williams Jones & Associates LLC Q1 2019 vs. Q2 2019 Holdings Comparison
- Oliver Luxxe Assets LLC Q4 2022 vs. Q1 2023: A Comparative Analysis of Investment Holdings
- Flaherty & Crumrine Inc's Q2 to Q3 2018 13F Holdings Comparison: Changes in Holdings of Funds.
- Ballast, Inc. Q3 2023 vs. Q4 2023 13F Holdings Comparison
- Shaking Up the Portfolio: OppenheimerFunds Q4 2018 vs. Q1 2019 Holdings Comparison
- Comparing Rockshelter Capital Management's Top Holdings in Q1 2020 vs. Q2 2020
- Global Retirement Partners, LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison
- Navigating the Investment Seas: Guild Investment Management's Strategy Shifts from Q4 2023 to Q1 2024