Keystone Financial Planning: A Comparison of Q4 2022 vs. Q1 2023 Holdings

As we near the end of Q1 2023, it's a good time to take a closer look at our portfolio to see the changes in our holdings. The 13F filings, which all funds with over $100 million in assets must file with the SEC, bring clarity to how our portfolio performed. In this article, we will compare the changes in holdings of Keystone Financial Planning, Inc. between Q4 2022 and Q1 2023.

Let's start by analyzing the top gainers in our portfolio. Our largest holding, Schwab Strategic Trust, saw an increase of 3.3% over the last quarter. The number of shares owned increased by 91871, making the total number of shares held to 14,79869, and the value increased from $104.8 billion to $108.3 billion. Meanwhile, Verizon saw a 0.3% increase, and Unilever performed even better with a 3.4% increase. Both companies had fractional increases in the number of shares held.

However, there were some top-performing holdings that we added to in this latest period that produced significant growth. Our holdings of Microsoft Corporation surged by 16.9%, from $7.07 billion in Q4 2022 to $8.27 billion in Q1 2023. Similarly, United Parcel Service increased by 14.2%, from $7.21 billion to $8.24 billion. Medtronic PLC was another standout holding, with its value increasing by 16.2% from $746 million to $866 million.

On the other hand, we saw some disappointing declines in some of our holdings. Genuine Parts Co. dropped 8.0%, from $4.367 billion in Q4 2022 to $4.016 billion in Q1 2023. While Altria Group's stock has taken a hit and has fallen 2.5% in our portfolio, from $5.198 billion to $5.062, due to a decline in its overall value. Our biggest decline came from Cisco Systems Inc., which tumbled 72.8%, from $10.821 billion in Q4 2022 to $2.938 billion in Q1 2023. Cisco's decline was largely due to the sale of 170950 shares, which brought the total number of shares held down to 56211.

In addition to decreases in value, some holdings have also declined due to the sale of shares. Franklin Resources Inc. sold 28,326 shares and brought its total down to 1.14089 million shares, which reflects in a decline in its portfolio value from $3.085 billion to $3.073 billion. And Kellogg Co. sold its entire 21,890 shares, pulling its total value down to $1.465 million.

To conclude, while some holdings performed well, we saw decreases in others. But it is also essential to remember that overall performance is what matters, and our gains will offset our losses. As we look forward, it's also a prudent move to incorporate this data into our decision-making process as we plan out our future holdings to keep our portfolio on track.