Comparing SNS Financial Group's Q4 2022 and Q1 2023 Holdings: A Dive into 13F Reports

SNS Financial Group, LLC is one of the many financial institutions that file Form 13F with the U.S. Securities and Exchange Commission (SEC) every quarter. This report is mandatory for institutional investment managers that have over $100 million in assets under management, providing transparency about their holdings.

The latest Q4 2022 and Q1 2023 13F filings reveal some interesting changes in SNS Financial Group's holdings. Let's take a closer look at the data, starting with the top ten holdings in Q4 2022:

1. QUAL ("ISHARES TR")

2. IEI ("ISHARES TR")

3. SCHF ("SCHWAB STRATEGIC TR")

4. SPY ("SPDR S&P 500 ETF TR")

5. SCHB ("SCHWAB STRATEGIC TR")

6. BND ("VANGUARD BD INDEX FDS")

7. AAPL ("APPLE INC")

8. OEF ("ISHARES TR")

9. HDV ("ISHARES TR")

10. SCHX ("SCHWAB STRATEGIC TR")

The top three holdings in Q4 2022 were QUAL, IEI, and SCHF, which were also the top three holdings in Q1 2023. However, there were some changes in the number of shares and the value of these holdings. For example, QUAL's number of shares increased from 699,862 in Q4 2022 to 709,671 in Q1 2023, while its value rose from $79,756,000 to $88,045,000, representing a 10.4% change.

Among the top three holdings, SCHF had the largest percentage change in value from Q4 2022 to Q1 2023, increasing by 11.3%. Interestingly, SPY had no change in value over the same period.

Moving on to the other holdings, some of the most notable changes were in the holdings of TSLA and MRK. TSLA's number of shares held barely changed, only down by 14 shares from Q4 2022 to Q1 2023, but the value jumped significantly from $1,562,000 to $2,628,000, a 68.2% change. MRK, on the other hand, had a significant decrease in the number of shares held, dropping from 37,023 to 30,180 and a value change of -21.8%.

In the Q1 2023 filing, SNS Financial Group's top 10 holdings were mostly the same, with only one change. SCHX overtook HDV as the 9th largest holding, with a 18.1% change in value.

Conclusion

In conclusion, 13F reports provide a valuable insight into the top institutional holdings of publicly traded companies. While SNS Financial Group's top holdings in Q4 2022 and Q1 2023 remained relatively consistent, there were some significant changes in the number of shares and the value of individual holdings. Whether these changes were part of a strategic investment decision by SNS Financial Group or simply a reflection of the market, we can only speculate. Nonetheless, these filings serve as a useful tool for investors to stay informed on the market trends.