The Rise and Fall of Abner Herrman & Brock LLC: Q4 2022 vs. Q1 2023 Holdings Comparison

Abner Herrman & Brock LLC is a financial investment firm located in New York City that seeks to provide security and values to clients' portfolios. The company is required by law to file a document called Form 13F with the SEC every quarter, which discloses its holdings of stocks and other securities. So, what did Abner Herrman & Brock LLC's latest 13F filing reveal about its Q4 2022 vs. Q1 2023 holdings?

In Q1 2023, Abner Herrman & Brock LLC's top holdings were in Exxon Mobil Corp, Chevron Corp, and PepsiCo Inc. These companies had a total value of $73,014,000, representing 26.47% of the company's portfolio. However, there were a few surprises in the latest filing.

One of the biggest surprises was that Abner Herrman & Brock LLC increased its holdings in Apple Inc by 27.2%, making it one of their top 5 holdings. Also, the firm increased its holdings in Microsoft Corp by 22.8%. These two companies' impressive performance likely influenced the decision to increase their holdings.

Another interesting development was the huge change in holdings of Nvidia Corp, which rose from 2,911 shares to a whopping 55,248 shares. This increase amounted to a 3,510.8% change, and the total value of Abner Herrman & Brock LLC's shares in Nvidia increased from $425,000 to $15,346,000. This dramatic increase suggests that the company has high hopes for Nvidia.

However, it wasn't all positive for Abner Herrman & Brock LLC. The company drastically reduced its holdings in Johnson & Johnson, decreasing its shares from 41,397 to 21,207, which resulted in a 55.1% decrease in the company's shares. The total value of its shares also fell from $7,313,000 to just $3,287,000. The SEC filing doesn't reveal why the investment firm chose to decrease its holdings in the company.

Another notable decrease in holdings was seen in MetLife Inc, wherein Abner Herrman & Brock LLC decreased its shares by a staggering 33%. The company reduced its holdings from 221,010 shares to 184,955 shares. This change could be attributed to the company's poor performance or to Abner Herrman & Brock LLC's decision to reduce its exposure to the insurance industry.

In conclusion, Abner Herrman & Brock LLC's Q4 2022 vs. Q1 2023 13F filings suggest an interesting and diverse portfolio with some significant changes in holdings. With its increasing investment in tech giants like Nvidia, Microsoft, and Apple, it leaves us wondering what other changes the future will hold for the company.