Naples Global Advisors, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

In this article, we will be comparing the Q2 2023 and Q3 2023 13F holdings of Naples Global Advisors, LLC. 13F filings provide valuable insights into the investment strategies of hedge funds and institutional investors. By analyzing the changes in holdings, we can gain a better understanding of the fund's investment decisions and the market trends.

A Closer Look at the Holdings Comparison:

1. APPLE INC (AAPL):

- Q2 2023: 202,877 shares; $39,351,000 value

- Q3 2023: 206,618 shares; $35,375,000 value

- Percentage Change: -10.1%

Apple Inc, one of the leading technology companies, saw a slight decrease in holdings by Naples Global Advisors, LLC. Despite the decline in shares, the fund still maintains a substantial position in Apple.

2. MICROSOFT CORP (MSFT):

- Q2 2023: 74,393 shares; $25,333,000 value

- Q3 2023: 75,676 shares; $23,894,000 value

- Percentage Change: -5.7%

Naples Global Advisors, LLC also reduced its holdings in Microsoft Corp during Q3 2023. However, the tech giant remains an important part of their portfolio.

3. VANGUARD INDEX FDS (VOO):

- Q2 2023: 35,302 shares; $14,433,000 value

- Q3 2023: 35,909 shares; $14,154,000 value

- Percentage Change: -1.9%

The fund slightly increased its holdings in Vanguard Index Funds, showing confidence in the long-term potential of index funds.

4. VANGUARD INDEX FDS (VV):

- Q2 2023: 69,919 shares; $14,173,000 value

- Q3 2023: 69,159 shares; $13,533,000 value

- Percentage Change: -4.5%

Naples Global Advisors, LLC reduced its holdings in Vanguard Index Funds, showing a cautious approach towards this investment.

5. BROADCOM INC (AVGO):

- Q2 2023: 15,456 shares; $13,406,000 value

- Q3 2023: 15,135 shares; $12,570,000 value

- Percentage Change: -6.2%

The fund reduced its holdings in Broadcom Inc, a leading semiconductor company. This change may reflect the fund's belief in the short-term prospects of the company.

6. ISHARES TR (IVV):

- Q2 2023: 27,317 shares; $12,175,000 value

- Q3 2023: 28,323 shares; $12,217,000 value

- Percentage Change: 0.3%

Naples Global Advisors, LLC made a minor increase in its holdings of iShares TR, signaling a continued interest in this investment.

7. SCHWAB STRATEGIC TR (SCHF):

- Q2 2023: 309,600 shares; $11,037,000 value

- Q3 2023: 330,798 shares; $11,233,000 value

- Percentage Change: 1.8%

The fund increased its holdings in Schwab Strategic TR, emphasizing its confidence in international equities.

8. HOME DEPOT INC (HD):

- Q2 2023: 33,528 shares; $10,415,000 value

- Q3 2023: 33,690 shares; $10,179,000 value

- Percentage Change: -2.3%

Naples Global Advisors, LLC maintained its position in Home Depot Inc, a leading home improvement retailer, with a slight increase in shares.

9. MERCK & CO INC (MRK):

- Q2 2023: 93,730 shares; $10,881,000 value

- Q3 2023: 96,047 shares; $9,955,000 value

- Percentage Change: -8.5%

The fund reduced its holdings in Merck & Co Inc, a pharmaceutical company, possibly based on its evaluation of the company's future performance.

10. JPMORGAN CHASE & CO (JPM):

- Q2 2023: 66,010 shares; $9,600,000 value

- Q3 2023: 68,137 shares; $9,881,000 value

- Percentage Change: 2.9%

Naples Global Advisors, LLC increased its holdings in JPMorgan Chase & Co, one of the leading financial institutions. This could indicate a positive outlook on the banking sector.

Analysis and Conclusion:

Naples Global Advisors, LLC made several significant changes in its holdings during the Q2 2023 to Q3 2023 period. While the fund reduced its positions in some companies, it also increased its holdings in others, reflecting a dynamic investment strategy.

Tech giants like Apple Inc and Microsoft Corp witnessed slight decreases in holdings, possibly due to market volatility and profit-taking opportunities. On the other hand, the fund showed confidence in Vanguard Index Funds, especially in international equities like Schwab Strategic TR.

It is important to note that these changes in holdings may be a result of various factors, including market conditions, performance expectations, and fund-specific strategies. Investors are advised to conduct thorough research and consult with financial advisors before making any investment decisions.

Overall, the Q2 2023 vs. Q3 2023 13F holdings comparison of Naples Global Advisors, LLC provides valuable insights into the fund's portfolio adjustments and can serve as a reference for investors seeking to understand the fund's investment strategy.