GenWealth Group, Inc. Q4 2022 vs. Q1 2023 13F Holdings Comparison

As an investment writer, I always keep an eye on the quarterly 13F filings of top investment firms, as they offer insights into their investment strategies and portfolio changes. For this blog post, I will be analyzing the Q4 2022 vs. Q1 2023 13F holdings comparison of GenWealth Group, Inc.

Introduction

GenWealth Group, Inc. is a registered investment advisor founded in 2005. The firm manages over $1.8 billion in assets and provides investment advisory services to high net worth individuals, businesses, and institutions. According to their latest 13F filings, GenWealth Group made significant changes to their holdings between Q4 2022 and Q1 2023. Let's dive into the details.

Main Body

The first notable change in GenWealth Group's holdings is their decreased position in the SPDR Gold Trust (GLD). In Q4 2022, GenWealth Group held 71,698 shares of GLD with a value of $12,162,000. However, in Q1 2023, their position in GLD plummeted to just 3,202 shares with a value of $586,000. This represents a staggering 95.2% decrease in shares.

On the other hand, GenWealth Group increased their position in the Vanguard Index Funds (VUG) significantly. In Q4 2022, they held 103,104 shares of VUG with a value of $21,972,000. In Q1 2023, their position in VUG grew to 103,562 shares with a value of $25,832,000. This represents a 17.6% increase in the number of shares and a 17.1% increase in the value of their position.

Another interesting change in GenWealth Group's holdings is their significant increase in the shares of the Invesco QQQ Trust (QQQ). In Q4 2022, they held just 909 shares of QQQ with a value of $241,000. However, in Q1 2023, their position in QQQ grew to 45,352 shares with a value of $14,554,000. This represents a tremendous 5,915.3% increase in shares and a 6,012.4% increase in the value of their position.

GenWealth Group also trimmed their positions in several holdings, including the iShares Gold Trust (IAU), the iShares TR (IEF), and the SPDR Series Trust (SPTL). In Q4 2022, they held 832,434 shares of IAU, but in Q1 2023, their position decreased to 817,185 shares. They held 231,024 shares of IEF in Q4 2022, but their position decreased to 241,182 shares in Q1 2023. Finally, they held 72,351 shares of SPTL in Q4 2022, but their position decreased to 53,173 shares in Q1 2023.

Conclusion

In conclusion, GenWealth Group, Inc. made significant changes to their holdings between Q4 2022 and Q1 2023. They decreased their position in GLD and several other holdings, while increasing their position in VUG and QQQ. These changes indicate a shift in their investment strategy and outlook. As always, it's crucial to keep an eye on 13F filings to stay up to date on the latest investment trends and strategies.