The Shifting Tides of Kelman-Lazarov, Inc.: A Comparison of Q3 and Q4 2022 13F Holdings

Investing in the stock market is a challenging undertaking that requires careful attention to both the present and the future. As such, it can be helpful to consider the decisions and changes made by established companies, such as Kelman-Lazarov, Inc. One valuable tool that investors can use to analyze such changes is through the company's 13F filings, which document the company's holdings in publicly traded companies.

In this blog post, we'll explore Kelman-Lazarov, Inc.'s Q3 and Q4 2022 13F holdings, comparing the changes that occurred over that period. We'll also examine the potential reasons behind these changes, and what they might suggest for the future of the company's investment strategy.

First, let's take a closer look at the table of data provided. In Q3 of 2022, the fund held the highest number of shares in Schwab Strategic TR's FNDX, with 745,381 shares, a position that increased to 751,257 shares in Q4. The increase in shares was accompanied by a 12.8% increase in the value of the holdings, from $35,599,000 in Q3 to $40,147,000 in Q4.

Similarly, the second-highest position in Q3, VanEck ETF Trust's MOAT, also saw an increase in shares from 516,446 to 528,916 in Q4. The value of the holdings increased by 10.8% from $30,982,000 to $34,331,000. Meanwhile, Goldman Sachs ETF Trust's GSLC maintained its third rank in both quarters, with an increase in the number of shares from 379,802 to 380,017, accompanied by a 7.3% increase in the value of holdings.

However, not all of the holdings performed well. Some holdings, such as Vanguard BD Index FDS's BIV, experienced significant losses in both the number of shares and the value of holdings by 46.8% and 49.7%, respectively. Similarly, WisdomTree TR's DTN and iShares TR's IBB fell by 12.4% and 12.3%, respectively.

So, what caused these changes? The reasons are varied and complex, and not all of them are apparent from the data alone. However, one possibility is that Kelman-Lazarov, Inc. has taken a more conservative approach in managing its portfolio, resulting in a shift towards less risky holdings. For example, the increase in the number of shares in Vanguard Mun BD FDS's VTEB by 114,442 and ISHARES TR's STIP by 21,994 could indicate that the fund has become more focused on bonds and fixed-income securities.

In conclusion, it's clear that Kelman-Lazarov, Inc. has made significant changes to its 13F holdings between Q3 and Q4 of 2022, with some holdings increasing and others decreasing in value. While it's difficult to say for sure what has caused these changes, one thing is certain: close examination of these holdings can provide investors with a valuable and insightful glimpse into the investment strategies and decisions made by this established firm.