Investment Insights: Legacy Private Trust Q4 2022 vs. Q1 2023 13F Holdings

Legacy Private Trust Co. has recently released their 13F holdings for Q4 2022 and Q1 2023, and it's interesting to see how their portfolio has changed within these quarters. In this blog post, we'll be discussing some notable changes in their holdings, as well as what these changes might mean for the market.

One of the most significant changes in their portfolio is the decrease in holdings for ISHARES TR (IVV), with a decrease of 3.7%. This change may indicate that Legacy Private Trust Co. has become less bullish on this particular security, as they have reduced their stake in it. The decrease in IVV holdings can be deemed surprising given that the company has been in the lead in attracting money from investors regarding their ETF.

On the other hand, the company has increased their Vanguard Index FDS (VTI) holdings by 11.9%. This rise can be attributed to the bullish sentiment amongst investors regarding Vanguard Index, and it's no surprise that Legacy Private Trust Co. shares the same sentiment, given their increase in holdings. With the rise in vaccination rates and the anticipation for the pandemic to subside, there has been increasing optimism among investors.

Another notable increase in Legacy Private Trust Co.'s holdings is in the Vanguard Tax-Managed FDS (VEA), with an impressive increase of 94.9%. Vanguard Tax-Managed FDS has been popular among investors due to its tax-efficient investments, and the increase in holdings at Legacy Private Trust Co. further solidifies the popularity of this security.

In contrast to the rise in their VEA holdings, there has been an increase of 71164.6% in Legacy Private Trust Co.'s tax-managed funds in the VEA security of 1704 shares. It is difficult to explain this rise since the value derived from the shares' sale would be minimal.

Also notable is the decrease in ISHARES TR (ITOT) holdings, with a decrease of 27.5% in holdings. While the reason behind this decline cannot be known for sure, it's possible that Legacy Private Trust Co. believes ITOT may have reached its peak in terms of growth. Regardless of their line of reasoning, the significant decrease in their holdings in ITOT cannot be ignored.

In conclusion, the Q4 2022 vs. Q1 2023 13F holdings of Legacy Private Trust Co. reveal clear changes in their investment decisions. Their portfolio has seen notable changes, with decreases and increases of holdings across various companies. While these changes may not necessarily reflect the sentiment of the market as a whole, they do showcase the particular priorities and strategies of Legacy Private Trust Co. The increases of VTI and VEA holdings while reducing IVV indicate their strong bullish sentiments on Vanguard Index and Tax-Managed Funds while bearish on the ISHARES TR. While these changes can provide some insights for investors, it is important to note that these holdings can always be further altered in the future.