Investment Firm Increases Holdings: Q4 2022 vs. Q1 2023

Chase Investment Counsel Corp has recently filed their 13F report for the fourth quarter of 2022 and the first quarter of 2023. As expected, the report shows some significant changes in the holdings of the firm.

One of the top performers for Chase Investment Counsel Corp during the period was NVIDIA Corporation. The firm increased its stake in the company, resulting in a 115.6% change in the value of its holdings. On the other hand, Apple Inc showed a decline in value, changing by -6.4%.

In this article, we'll take a closer look at the changes made by Chase Investment Counsel Corp and discuss some of the key learnings of their decisions.

What is a 13F report?

Before diving deeper into the report, it's essential to understand what a 13F report is. Essentially, 13F is a filing with the Securities and Exchange Commission (SEC) that shows the investments of institutional investment managers. The report discloses the manager's holdings of equity securities, including publicly traded securities, shares of exchange-traded funds, and shares of closed-end funds.

What can we learn from Chase Investment Counsel Corp's report?

From the report, it's clear that Chase Investment Counsel Corp made some drastic changes to its holdings during the timeframe in question. Looking at one of the largest changes in value, the firm increased their holdings in Visa Inc. It bought 14,165 shares of the company, resulting in a 174% increase in the value of their holdings. Similarly, the firm made a significant investment in AEM, buying 25,178 shares of the company, resulting in a 30.8% decline in the value of their holdings.

Another standout performer in the report was Graphic Packaging Holding Co, which increased in value by 48.1%. In contrast, Interactive Brokers Group Inc had a massive increase in the number of shares held, resulting in a 50.2% increase in the value of their holdings.

The report also highlights some of the companies where the firm has completely divested their stakes. Salesforce Inc and America Movil SAB De CV were two of the companies where the firm had no holdings in the first quarter of 2023, indicating a complete sell-off of all shares.

Final Thoughts

In conclusion, it's essential to remember that 13F reports are disclosures of historical data and, as such, cannot predict a firm's future investment strategies. However, these reports do provide visibility into what some of the best institutional investors are doing and can be used to inform investment decisions. As investors, we can learn from the best. In this case, Chase Investment Counsel Corp's report can serve as a useful reference for investors looking to make informed decisions about their own portfolios.