Analyzing Changes in Wedbush Securities Inc's Q3 and Q4 2022 Holdings

Wedbush Securities Inc, founded in 1955, is a privately held financial services and investment firm headquartered in Los Angeles, California. It provides a range of services such as private wealth management, investment banking, institutional sales, and trading, among others. As of 2022, Wedbush Securities Inc reported its total assets under management to be worth $18.2 billion. In this blog, we will be analyzing the changes in the firm’s holdings between Q3 and Q4 in 2022.

Wedbush Securities Inc provides us with a detailed CSV (comma-separated values) file of the 13F holdings comparison between Q3 and Q4 2022, which we will be using for our analysis. The CSV file contains the issuer's name, option type, Q3 2022 shares, Q4 2022 shares, Q3 2022 value in dollars, Q4 2022 value in dollars, and percentage change for each issuer. Let’s dive into the numbers to gain a better understanding of this shift in holdings.

One of the leading changes in holdings within the firm is the massive drop in Amazon.com Inc shares from 460,401 to 435,506, indicating a 29.7% reduction in holdings. Wedbush has been bearish on Amazon.com for some time due to its lower than expected earnings report in the last few quarters. Furthermore, the firm drastically reduced its holdings in Tesla Inc, with Q3 shares being higher than Q4 shares, indicating a significant reduction of 53.6% in holdings.

On the positive side, Chevron Corp stood out as one of the significant gainers for Wedbush Securities Inc, with a 22.5% increase in Q4 shares compared to Q3. The same can be said for JPMorgan Chase & Co, which saw a 27% increase in holdings between the two quarters, and Berkshire Hathaway Inc with a 15.2% increase.

We can also note that some companies in the CSV had a negligible change in relative percent change; for example, Coca-Cola Company with only a 14.8% increase in Q4 shares in comparison to Q3.

It is essential to note that these changes in holdings must be seen within the context of the firm’s investment strategy, market trends, and projections. According to the CSV file, Wedbush Securities Inc's top current holdings include Apple Inc, Microsoft Corp, and NVIDIA Corp.

In conclusion, the CSV report detailing Wedbush Securities Inc's Q3 and Q4 2022 holdings comparison offers us a glimpse into the firm’s investment strategy, with some companies seeing a significant shift in holdings while others remaining relatively constant. Although the reason behind each shift in holdings can vary, what's clear is that Wedbush Securities Inc is always looking to tweak its investment strategy to capitalize on new opportunities and stay ahead of the competition.