Carret Asset Management, LLC Q3 vs Q4 2022: Analyzing Holdings Changes

Carret Asset Management, LLC has recently released its Q3 and Q4 2022 13F filings, revealing changes in holdings among many popular companies. The quarterly filings offer insight into the holdings of institutional investors and can help individual investors shape their portfolio strategies. In this blog post, we will examine some of the significant changes in holdings from Q3 to Q4 and attempt to determine what this might mean for these companies moving forward.

Apple Inc (AAPL):

The biggest change in holdings was observed in Apple Inc, where Carret Asset Management reduced its holdings by 8.3%, from 396,873 shares to 387,298 shares. The value of these shares also dropped from $54.8 million to $50.3 million. This move was unexpected given that Apple has been performing exceedingly well in the market. It is possible that Carret Asset Management is looking to balance its portfolio and diversify its holdings. However, Apple still appears to have a solid future, with several new product launches planned.

Microsoft Corporation (MSFT):

Microsoft Corporation is another tech giant that saw a slight decrease in holdings from Q3 to Q4. Carret Asset Management reduced its holdings by 0.7%, from 135,687 shares to 132,708 shares. However, the value of these shares increased by 0.7% from $31.6 million to $31.8 million. It could be that Carret Asset Management has decided to take some profits after the stock climbed nearly 50%, YTD. Alternatively, the reduction could be attributed to typical portfolio balancing.

JPMorgan Chase & Co. (JPM):

In contrast to Apple and Microsoft, JPMorgan Chase & Co was one of the companies that saw a significant increase in holdings. Carret Asset Management added 28.9% of its holdings, from 163,344 shares to 164,022 shares. The value of the shares also increased from $17.1 million to $22.0 million, representing good financials for the company. The decision to invest more heavily in JPMorgan Chase & Co could be attributed to the banking industry's strong Q3 performance.

Conclusion:

Carret Asset Management's Q3 and Q4 2022 13F filings display a mix of reductions and increases in holdings for many popular companies. Investors should follow the trend and analyse the market carefully before making any big decisions. However, Carret Asset Management is continually monitoring the market and makes sure that its holdings are well balanced and diversified. Therefore, the changes observed in the 13F filings should not be taken as an indicator of long-term market trends.

In conclusion, the recent changes in holdings of these companies by Carret Asset Management could indicate a shift in the market or just an attempt to re-balance Portfolios. Nevertheless, these filings provide valuable insight into institutional investors' activities and offer a look at where the smart money is moving. Investors can use this information as part of their research and analysis to make informed decisions about their portfolios.