Northside Capital Management's Q4 2022 and Q1 2023 13F Holding Comparison: Insights into Investment Strategy

Northside Capital Management, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Northside Capital Management, LLC is a hedge fund that focuses on investments in the technology, healthcare, and industrial sectors. The fund has recently released its 13F filing, which details its holdings as of the end of the fourth quarter of 2022 and the end of the first quarter of 2023. This filing provides a useful summary of the changes in Northside's portfolio during this period, and can offer insights into the fund's investment strategy.

Overall, Northside's portfolio grew by 1.7% during this period, from $604.7 million at the end of Q4 2022 to $614.6 million at the end of Q1 2023. The fund increased its holdings in 21 stocks, decreased its holdings in 18 stocks, and did not make any new purchases or liquidations during this period.

The largest percentage change in holdings occurred in META Platforms Inc (META), an online services platform that enables creators to monetize their content. Northside increased its holdings in META by 83.1%, from 356,222 shares in Q4 2022 to 370,376 shares in Q1 2023. This increase is likely due to the company's strong growth prospects and Northside's bullish outlook on the platform.

Another notable increase was in Snowflake Inc (SNOW), a cloud data warehousing platform. Northside increased its holdings in Snowflake by 32.1%, from 59,838 shares in Q4 2022 to 73,525 shares in Q1 2023. The company has been growing rapidly, and is expected to continue to do so as more businesses move their data to the cloud.

On the other hand, the largest percentage decrease in holdings occurred in SPDR Gold Trust (GLD), a commodity ETF that tracks the price of gold. Northside decreased its holdings in GLD by 54.1%, from 155,936 shares in Q4 2022 to 66,278 shares in Q1 2023. This decrease is likely due to the recent volatility in the price of gold, which has made it a less attractive investment for some funds.

Another notable decrease was in Johnson & Johnson (JNJ), a healthcare conglomerate. Northside decreased its holdings in JNJ by 23.7%, from 7,977 shares in Q4 2022 to 6,941 shares in Q1 2023. The company has been affected by legal issues surrounding its talcum powder products, and this decrease may reflect concerns about the potential impact of these issues on the company's financial performance.

In terms of sector allocation, Northside's largest holdings continue to be in the information technology and healthcare sectors. These sectors accounted for 27.6% and 24.8% of the fund's portfolio, respectively, as of the end of Q1 2023. The industrial and consumer staples sectors were the next largest, accounting for 11.5% and 10.9% of the fund's portfolio, respectively.

Northside's top five holdings as of the end of Q1 2023 were:

1. Microsoft Corp (MSFT): 35,727 shares, valued at $10,300,000

2. Apple Inc (AAPL): 58,925 shares, valued at $9,716,000

3. Texas Instruments Inc (TXN): 23,849 shares, valued at $4,428,000

4. Snowflake Inc (SNOW): 73,525 shares, valued at $11,344,000

5. Visa Inc (V): 14,521 shares, valued at $3,273,000

Northside's top ten holdings accounted for 53.7% of the fund's portfolio as of the end of Q1 2023.

In conclusion, Northside Capital Management, LLC increased its portfolio holdings during the first quarter of 2023, with notable increases in META Platforms Inc and Snowflake Inc. The fund decreased its holdings in SPDR Gold Trust and Johnson & Johnson, and maintained its focus on the information technology and healthcare sectors. These changes reflect Northside's investment strategy and outlook for the companies in its portfolio.