Investing Geniuses: Keel Point, LLC's Q4 2022 vs. Q1 2023 13F Holdings Comparison

Keel Point, LLC is a financial advisory firm based in Vienna, VA, that specializes in investment management, tax and retirement planning, and estate and philanthropic planning. The firm provides customized solutions to help individuals and families achieve their financial goals.

One of the key investment strategies used by Keel Point is the 13F filing, which is a quarterly report that institutional investment managers are required to file with the US Securities and Exchange Commission (SEC). The report includes a list of all the stocks, options, and other securities that the manager has made trades in during the previous quarter.

In this blog post, we will take a look at Keel Point's 13F holdings comparison for Q4 2022 and Q1 2023. We will analyze the changes in the firm's holdings and offer insights into how these changes might affect the firm's investment strategy.

Vanguard and iShares continue to dominate Keel Point's portfolio

The largest holdings in Keel Point's portfolio for Q1 2023 are Vanguard and iShares ETFs, which comprise 34% and 24% of the portfolio, respectively. This is consistent with the firm's investment strategy of allocating a significant portion of their clients' assets to low-cost index funds.

The iShares ETFs with the largest holdings by market value are AGG (12%), EFA (6%), and LQD (2%). All three of these ETFs saw an increase in their share count and market value from Q4 2022 to Q1 2023. AGG had the largest increase, with a share count increase of 101% and a market value increase of 107%.

Vanguard's largest holding by market value is VOO (10%), which is the Vanguard S&P 500 ETF. VOO also saw an increase in share count and market value from Q4 2022 to Q1 2023, with a share count increase of 10% and a market value increase of 17%.

Other top holdings in Keel Point's portfolio include SPY (7%), Microsoft (3%), and Apple (1%). Microsoft and Apple both saw an increase in market value from Q4 2022 to Q1 2023, with market value increases of 23% and 42%, respectively.

New additions to Keel Point's portfolio

One interesting addition to Keel Point's portfolio in Q1 2023 is Zebra Technologies Corporation (ZBRA), which had a market value of $3.9 million. Zebra Technologies provides enterprise-level mobile computing and barcode scanning solutions for businesses. It's possible that Keel Point sees a growth opportunity in Zebra Technologies.

Another new addition to Keel Point's portfolio is SerisFirst Bancshares, Inc. (SFBS), which had a market value of $2.1 million. SerisFirst Bancshares is a bank holding company that provides commercial banking services. Given the current state of the economy and low interest rates, it's possible that Keel Point sees a growth opportunity in banking stocks.

The bottom line

Keel Point's Q1 2023 13F holdings show a continued focus on low-cost index funds. The firm's largest holdings are ETFs from Vanguard and iShares, with AGG being the largest holding by market value. Microsoft and Apple are also significant holdings, with both companies seeing strong market value increases from Q4 2022 to Q1 2023.

Keel Point's new additions to their portfolio, Zebra Technologies and SerisFirst Bancshares, could reflect their belief in growth opportunities in technology and banking, respectively.

As always, past performance is not a guarantee of future results, and investors should conduct their own due diligence before making any investment decisions.