Proffitt & Goodson Inc Q4 2022 vs. Q1 2023 13F Holdings Comparison

Investing in the stock market can be a challenging task, especially for beginner investors. It takes a lot of time and effort to analyze the trends and patterns of the market. One way to ease the burden is by investing in mutual funds. Mutual funds pool money from multiple investors to purchase a diversified portfolio of stocks. This relieves the individual investor of the responsibility of stock picking and risk management.

Proffitt & Goodson Inc is one firm that specializes in mutual funds management. They recently released their Q4 2022 vs. Q1 2023 13F holdings comparison report. The report shows the changes in holdings across different funds managed by the company. Let's take a closer look at some of the insights from the report.

The first fund to examine is the SPDR S&P 500 ETF TR. In Q4 2022, the fund held 139,513 shares, worth $53,354,000. However, in Q1 2023, the shares decreased to 128,515, with a value of $52,612,000. This represents a 1.4% decline in the shares, which could be attributed to the volatile nature of the market.

The Vanguard Tax-Managed Funds (VEA) also experienced a decline in shares from Q4 2022 to Q1 2023. The shares decreased from 1,036,762 to 1,027,152, a decline of 6.6%. On the other hand, another Vanguard fund, the Vanguard International Equity Index F (VWO), saw an increase in shares. The shares increased from 277,458 shares to 356,953 shares, a significant increase of 33.3%.

In terms of the individual company's stock holdings, the report shows that Proffitt & Goodson Inc takes a bullish stance towards Microsoft Corp (MSFT). The firm's holdings in Microsoft increased from 11,847 shares to 11,697 shares, with the value rising from $2,841,000 to $3,372,000 - a 18.7% increase. On the other hand, the fund reduced its holdings in Procter & Gamble Co (PG) from 7,435 shares to 7,336 shares. The shares were worth $1,126,000 in Q4 2022 but decreased to $1,090,000 in Q1 2023, representing a 3.2% reduction in holdings.

Finally, the report notes that the Select Sector SPDR Trust (XLI) experienced an increase in shares from 17,544 to 17,529, representing a 2.9% increase. The shares were worth $1,722,000 in Q4 2022 and rose to $1,773,000 in Q1 2023, showing that the fund has confidence in the sector's future growth.

In conclusion, the Proffitt & Goodson Inc Q4 2022 vs. Q1 2023 13F Holdings Comparison shows that the mutual funds the firm manages are continuously evolving. The firm's bullish stance towards Microsoft and the increase in shares of Vanguard International Equity Index F (VWO) shows Proffitt & Goodson Inc's confidence in global growth. However, the decrease in holdings in Procter & Gamble Co (PG) shows that the company may not be performing up to expectations. The report is a useful resource for investors looking to make informed investment decisions in mutual funds managed by the firm.