Analyzing Harvest Group Wealth Management's Q4 2022 and Q1 2023 Holdings: Which Stocks Did They Add and Drop?

Have you ever wondered what top wealth management firms are up to when it comes to their investments? Harvest Group Wealth Management, LLC recently released its Q4 2022 and Q1 2023 13F holdings, providing insight into the firm's recent investment decisions. In this blog post, we'll take a closer look at the changes in the firm's holdings, analyzing the top stock picks, and highlighting the stocks they dropped from their portfolio.

Understanding Harvest Group Wealth Management's Q4 2022 and Q1 2023 Holdings

According to the 13F filing, Harvest Group Wealth Management's top holdings in Q4 2022 were SPDR S&P 500 Value ETF (SPYV), Schwab Short-Term US Treasury ETF (SCHO), and iShares International ETF (IXUS). However, the Q1 2023 filing revealed some interesting changes in the firm's portfolio. The top holding in Q1 2023 was SPDR S&P 500 Value ETF (SPYV) with 335,368 shares worth $13,656,000. The fund added a minimal number of shares between Q4 2022 and Q1 2023, with only a 0.3% increase. Meanwhile, the second top holding, Schwab Large Cap Growth ETF (SCHG), went from being the tenth largest holding in Q4 2022 to second place in Q1 2023. Harvest Group Wealth Management purchased an additional 38,791 shares, which amounts to a 61.9% increase. The company's third top holding for Q1 2023 was Schwab Short-term US Treasury ETF (SCHO). Although the firm sold 69,451 shares of SCHO between Q4 2022 and Q1 2023, it remains a top holding with 200,300 shares worth $9,772,000.

Notable Changes in Holdings

Harvest Group Wealth Management added several new stocks to its portfolio in Q1 2023, including Goldman Sachs Investment Grade Corporate Bond ETF (GIGB), VanEck Fallen Angel High Yield ETF (ANGL), and WisdomTree ESG Emerging Markets ETF (XSOE). The firm completely sold out its position in iShares Russell 1000 ETF (IWB) in Q1 2023 after holding no shares in Q4 2022. The company also decreased its holdings in Schwab Emerging Markets Equity ETF (SCHE) by 20 shares, which amounts to a 0.2% decrease.

Interpretation and Conclusion

Harvest Group Wealth Management's Q4 2022 and Q1 2023 13F filings provide a peek into how top wealth management firms manage their portfolios. It's evident that the firm continues to have faith in the S&P 500 Value and Large Cap Growth sectors, as those were its top two holdings in Q1 2023. The company also added several new ETFs to its portfolio, showing its willingness to expand its investment selections. Additionally, the firm sold out of its position in iShares Russell 1000 ETF (IWB) and reduced its holding in Schwab Emerging Markets Equity ETF (SCHE). In conclusion, analyzing top wealth management firms' holdings can provide valuable insights into the current stock market trends. Harvest Group Wealth Management's Q4 2022 and Q1 2023 filings indicate that the firm continues to have confidence in the S&P 500 Value and Large Cap Growth sectors, among other new holdings. As always, it's important to conduct further research before making any investment decisions.