Comparing Q4 2022 vs. Q1 2023 13F Holdings: Welch Group, LLC is Making Changes
Ava Hoppe | 12 May, 2023
Welch Group, LLC is not letting the grass grow under its feet, as the latest 13F filings for Q4 2022 and Q1 2023 indicate. The firm is constantly seeking opportunities to improve its holdings and increase value for its clients. While there have been some notable reductions in holdings, there are also several noteworthy increases and additions. Let's take a closer look at the changes that Welch Group, LLC has made.
Firstly, while the firm's holdings in ServisFirst Bancshares, Inc. (SFBS) and Apple Inc. (AAPL) have decreased, the decreases are relatively small, with 21.5% and 4.8% reduction in shares, respectively. However, the shares of Microsoft Corp. (MSFT) have increased by 20.8%, and the value of this investment has increased by a whopping 66,645, indicating that Welch Group, LLC has high hopes for this company's future.
Next, the firm has decreased its stake in several energy companies, including Chevron Corp. (CVX), Exxon Mobil Corp. (XOM), and NextEra Energy Inc. (NEE). This shift may indicate a decline in the firm's overall confidence in the energy sector. However, there has also been a 25.5% increase in Qualcomm Inc. (QCOM) shares, and investments in Texas Instruments Inc. (TXN) and NVIDIA Corporation (NVDA) have also increased significantly. These companies are all involved in technology, which is widely considered a rapidly growing and profitable sector.
One interesting addition to Welch Group, LLC's holdings is in SPDR S&P 500 ETF Trust (SPY). The firm has added 3,264 shares to its portfolio, valued at $1,321,000. Although this is a relatively small addition compared to other companies, it is worth noting as it may indicate that the firm is seeking to invest in a broader range of companies to hedge against market risk.
It is also worth noting that Welch Group, LLC has reduced its position in Pfizer Inc. (PFE) significantly, with a 16% reduction in shares and a decrease in value of $6,971,000. This reduction may be due to the volatility of the pharmaceutical industry, but it's difficult to know for sure without additional information.
In conclusion, it seems that Welch Group, LLC is making some strategic shifts in its holdings, with a move away from energy and towards technology. Additionally, the firm is seeking to diversify its portfolio with an investment in SPDR S&P 500 ETF Trust (SPY). While some holdings have decreased in value, there are still several noteworthy increases and new additions, indicating that the firm remains optimistic about the future of the companies it invests in.
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