Cornell Pochily Investment Advisors: A Q4 2022 vs. Q1 2023 13F Holdings Comparison

Cornell Pochily Investment Advisors, Inc. is a New York-based investment advisory firm that manages over $5.7 billion in assets. This article will examine changes in the firm's 13F holdings from Q4 2022 to Q1 2023 and discuss some of the notable changes.

Firstly, let's define what a 13F filing is. The Securities and Exchange Commission (SEC) requires all investment managers that manage over a certain amount of assets to file a 13F form. This form must be filed within 45 days after the end of each quarter and must list all long equity positions held by the manager.

In Q4 2022, Cornell Pochily Investment Advisors had a total of 49 holdings, with a total value of $137,398,000. By Q1 2023, the number of holdings decreased to 48, and the total value of the portfolio increased to $139,468,000, a gain of 1.5%. While the overall change in value seems small, there were some significant changes in individual holdings.

One of the notable increases was in shares of Apple Inc (AAPL), which increased by 1.6% to 109,251 shares in Q1 2023. This increase amounts to a 29% increase in value, with the overall value of the position standing at $18,015,000.

On the other hand, shares of Tompkins Financial Corp (TMP) decreased by 13.3% to 111,747 shares in Q1 2023. The value of this holding decreased by 13.3%, from $8,531,000 to $7,398,000.

Another significant change was in shares of Nvidia Corporation (NVDA), which increased by 87.5% to 9,512 shares in Q1 2023. This increase amounts to a 87.5% increase in value, with the overall value of the position standing at $2,642,000.

The largest holding in Cornell Pochily Investment Advisors' portfolio is Apple Inc (AAPL), which makes up 12.9% of the total portfolio. The second-largest position is held in the SPDR S&P 500 ETF Trust (SPY), which makes up 5.8% of the portfolio.

Overall, Cornell Pochily Investment Advisors' Q4 2022 vs. Q1 2023 13F holdings saw some notable changes. While some positions decreased in value, others saw sizable increases. These changes in holdings indicate that the firm is actively managing its portfolio and adjusting its strategy based on market conditions.