Miracle Mile Advisors, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

In today's world of finance, data is everything. Publicly traded companies are required to disclose their holdings to the Securities and Exchange Commission (SEC) via a document known as the 13F form. This document provides valuable insights into what companies institutional investors are buying and selling. One such institutional investor, Miracle Mile Advisors, LLC, recently filed their Q4 2022 vs. Q1 2023 13F holdings comparison. Let's take a closer look.

Goldman Sachs ETF TR Takes the Lead

Miracle Mile Advisors, LLC increased its position in Goldman Sachs ETF TR (GBIL) by 26.2%, with shares rising from 1,294,082 in Q4 2022 to 1,626,712 in Q1 2023. This move was accompanied by an increase in value from $129,032,000 to $162,898,000.

Apple Inc. Retains Its Top Position

Despite a decline in shares by 2%, Apple Inc. (AAPL) remained in Miracle Mile Advisors, LLC's top position with 586,039 shares. The value of these shares rose by a staggering 24.5%, from $77,641,000 to $96,637,000, during the same period.

Microsoft Corp. Also Shows Growth

Miracle Mile Advisors, LLC showed a 17.8% increase in shares of Microsoft Corp. (MSFT). Shareholders went from 276,288 in Q4 2022 to 270,773 in Q1 2023, with the value of these shares increasing by 17.8%, from $66,259,000 to $78,063,000.

Notable Increases and Decreases

The data from Miracle Mile Advisors, LLC's Q4 2022 vs. Q1 2023 13F holdings comparison revealed some other notable changes. For example, there was a decrease of 36% in the shares of ISHARES TR (IVW), going from 1,459,061 in Q4 2022 to just 854,647 in Q1 2023. Additionally, INVESCO QQQ TR (QQQ) saw a decrease of 15.2% in the value of their shares, although there was only a 1% decrease in the number of shares held.

Conclusion

As the 13F form reveals, institutional investors such as Miracle Mile Advisors, LLC continuously analyze their holdings in an effort to optimize their portfolio. While the data presented here is interesting, it is important to keep in mind that there is much more to it than meets the eye. Nonetheless, analyzing the 13F form provides valuable insights into the minds of institutional investors and can serve as a helpful tool for individual investors looking to shape their own investment strategy.