Dock Street Asset Management Inc Q4 2022 vs. Q1 2023 13F Holdings Comparison

Investment firm Dock Street Asset Management Inc has released its 13F holdings comparison report for Q4 2022 and Q1 2023. The report showcases the changes in the holdings of various companies from both quarters along with variations in percentage. Here's a breakdown of the crucial findings from the report.

Tech Stocks Remain Popular

The report shows that technology stocks continue to dominate Dock Street's portfolio in both quarters. The company increased its holdings in Apple Inc, NVIDIA Corporation, Microsoft Corp, Amazon.com Inc, and Tesla Inc in Q1 2023 when compared to Q4 2022. The increase was the highest in NVIDIA Corporation, with an 83% rise in value from the previous quarter. Tesla Inc followed NVIDIA, with a 105% increase in value from the previous quarter.

In contrast, Dock Street reduced its holdings in Google's parent company, Alphabet, and SPDR S&P 500 ETF TR, with a 17.7% drop and a 7% decrease in value, respectively.

Financial Stocks Gain Momentum

Dock Street also increased its holdings in financial stocks between Q4 2022 and Q1 2023. The company increased its holdings in Visa Inc, Mastercard Incorporated, Cadence Design System Inc, and Moody's Corp. The increase was the highest in Cadence Design System Inc, with a 33.1% increase in value from the previous quarter.

Consumer Stocks Lose Shine

Dock Street reduced its holdings in several consumer stocks in Q1 2023. The company sold shares of Coca Cola Co, Procter And Gamble Co, Smucker J M Co, Campbell Soup Co, Conagra Brands Inc, Kellogg Co, Kraft Heinz Co, and Colgate Palmolive Co. The decrease was the highest in Kraft Heinz Co, with a 63.1% reduction in value from the previous quarter.

New Additions

Dock Street also made some significant new additions to its portfolio in Q1 2023. The company added 1223 shares of NVR Inc, which resulted in a value of $6814, and 7844 shares of Fair Isaac Corp, which resulted in a value of $5511.

Conclusion

Dock Street Asset Management Inc's 13F holdings comparison report for Q4 2022 and Q1 2023 highlights the investment firm’s bullish stance towards technology stocks. While some financial stocks gained momentum, consumer stocks lost their shine in the firm's portfolio. The report showcases the firm's investment strategy and provides valuable insights into the market trends.