Investment Firm Altfest L J & Co Inc's 13F Holdings: Q4 2022 vs Q1 2023

Altfest L J & Co Inc is an SEC-registered investment advisory firm that specializes in financial planning and asset management services to high net worth individuals and institutions. As part of its regulatory obligations, the firm files Form 13F with the SEC on a quarterly basis, disclosing its holdings of stocks, bonds, and other securities. In this article, we analyze Altfest L J & Co Inc's 13F holdings for Q4 2022 and Q1 2023, highlighting changes in shareholding and value.

Notable Changes in Altfest L J & Co Inc's Top Holdings

As of Q1 2023, Altfest L J & Co Inc's top holdings by value were Microsoft Corp (MSFT), Amazon.com Inc (AMZN), and Berkshire Hathaway Inc (BRK-B). While the firm maintained its position in MSFT and AMZN, it decreased its shareholding in BRK-B by 0.8% between Q4 2022 and Q1 2023.

Another notable change in Altfest L J & Co Inc's holdings is the emergence of Innovator ETFs Trust's S&P 500 Buffer ETF (PSEP) as the fourth-largest holding by value. The firm increased its shareholding in PSEP by a whopping 102.1% between Q4 2022 and Q1 2023.

In terms of percentage change in value, the biggest gainer in Altfest L J & Co Inc's portfolio between Q4 2022 and Q1 2023 was Matthews Asia Funds' China Small Companies Fund (Fval). However, the firm reduced its shareholding in Fval by 62.7% during the same period.

Similarly, the firm sold off 91.8% of its shares in Global X Funds' VPN ETF, which invests in companies in the virtual private network industry. Meanwhile, it increased its shareholding in Matthews Asia Funds' Asia Small Companies Fund (MATFX) by 2439.5%.

Overall, Altfest L J & Co Inc's 13F filings indicate a mix of bullish and bearish moves in its portfolio, consistent with its strategy of investing in a diversified mix of securities across various sectors and geographies.

Methodology for Analyzing Altfest L J & Co Inc's 13F Holdings

The data used in this analysis was sourced from WhaleWisdom, which compiles and analyzes 13F filings submitted to the Securities and Exchange Commission by institutional investors. We focused on Altfest L J & Co Inc's 13F filings for Q4 2022 (filed on February 14, 2023) and Q1 2023 (filed on May 15, 2023).

To compare the changes in Altfest L J & Co Inc's holdings between the two quarters, we matched the issuer names and ticker symbols in its Q4 2022 and Q1 2023 13F filings. We excluded any holdings that were reported as sold out or had a market value below $1,000 in either quarter.

Conclusion

Altfest L J & Co Inc's Q1 2023 13F filings suggest a shift in its sectoral and geographic exposure, with increased bets on S&P 500 Buffer ETFs and Asia Small Companies Funds. However, the firm's core holdings in technology blue chips like MSFT and AMZN remained unchanged, while it reduced its stake in Berkshire Hathaway. As with any investment strategy, it's important to evaluate Altfest L J & Co Inc's 13F holdings in the context of its overall investment thesis and risk tolerance.