Andesa Financial Management Inc. Q4 2022 vs. Q1 2023: Key Trends in Fund Holdings

The latest 13F filings reveal significant changes in Andesa Financial Management Inc.'s fund holdings between Q4 2022 and Q1 2023. With the global economy in a state of flux, it is crucial to monitor how asset management companies are adjusting their investment strategies. In this article, we will examine the top holdings of Andesa in Q4 2022 vs. Q1 2023 and analyze the key trends that emerge.

Apple Inc Takes the Lead

Apple Inc (AAPL) emerged as the clear winner during this period, with its Q1 2023 holdings more than doubling its Q4 2022 shares. This trend was reflected in the value of the holdings, which rose by 33%. It's safe to say that Andesa's fund managers are bullish about Apple's prospects in 2023 and beyond.

JP Morgan and Amplify ETF: Big Movers

Two other significant movers in Andesa's portfolio were JP Morgan (JPM) and Amplify ETF Trust (DIVO). JP Morgan's holdings rose by 100%, with the value of the shares increasing by 16% between Q4 2022 and Q1 2023. DIVO's holdings more than doubled, with a 11% increase in the value of these holdings. These figures suggest that Andesa is banking on the growth prospects of these companies in the near future.

A Mixed Bag

It wasn't all gains for Andesa, however, with several holdings losing ground in Q1 2023. Microsoft Corp (MSFT) saw the number of shares decrease by 45%, resulting in a 5% decline in value, while Union Pac Corp (UNP) dropped by 15.3%. Interestingly, Merck & Co Inc (MRK) saw the number of shares increase by 15,068, but the value of these holdings decreased by 26.5%.

Other notable changes in Andesa's holdings include:

- Eaton Corp PLC (ETN) saw a 29.2% increase in the value of its holdings

- Home Depot Inc (HD) and Chevron Corp New (CVX) both saw a decrease in the value of their holdings, with HD dropping by 3.9% and CVX plummeting by 39.3%

- Walmart Inc (WMT) and Comcast Corp New (CMCSA) both saw a minor increase in the value of their holdings (1.9% and 1.2% respectively)

What do these trends tell us?

One clear trend emerges from these changes – Andesa seems to be positioning itself for growth in the tech sector, as evidenced by the bullishness towards Apple, Microsoft, and JP Morgan. The portfolio managers also seem to be optimistic about the future prospects of the Amplify ETF Trust, as well as the growth prospects of companies like Eaton and Walmart.

On the flip side, the decrease in holdings of Union Pac Corp and Merck & Co Inc may indicate that Andesa has reservations about the growth prospects of these companies. The significant decline in the value of Chevron's holdings suggests that the company is facing headwinds that may take a while to overcome.

In conclusion, the changes in Andesa's fund holdings between Q4 2022 and Q1 2023 offer a glimpse into what the company's portfolio managers believe are the strongest growth prospects in the current economy. As fund managers, Andesa is tasked with being forward-looking in its investment strategy, and these changes suggest that the company is positioning itself accordingly.