Peterson Wealth Advisors, LLC Q4 2022 vs. Q1 2023: A Comparison of Portfolio Holdings

As the financial markets continue to experience significant shifts and volatility, it's essential that investment managers remain vigilant and proactive in their decision-making. Peterson Wealth Advisors, LLC is one such firm that has recently released its Q1 2023 13F filings. These documents provide insight into the company's investment strategy changes and reflect how they're responding to the ever-changing economic landscape.

Between Q4 2022 and Q1 2023, Peterson Wealth Advisors, LLC saw a significant increase in holdings in various sectors of the economy. These purchases demonstrate the company's commitment to diversifying its portfolio in an unpredictable market. At the same time, the firm has continued to divest from underperforming sectors to minimize risk. Here's a closer look at some of the notable changes.

Increase in ETF Holdings

Peterson Wealth Advisors, LLC substantially increased its ETF holdings between Q4 2022 and Q1 2023. The most notable changes include the SPDR S&P 500 ETF (SPLG), which saw an increase of 11.8%, and SPDR MSCI World Strategic Factors ETF (SPDW), which saw an increase of 12.1%.

In addition to these ETFs, the firm also increased its position in the SPDR S&P 400 Mid Cap ETF (SPMD) by 7.1%. These purchases demonstrate Peterson Wealth Advisors, LLC's continued support for ETFs as an investment strategy.

Increase in Technology Holdings

Peterson Wealth Advisors, LLC also increased its technology holdings, showing a strong commitment to the sector. These purchases include tech giants like Apple (AAPL), Microsoft Corporation (MSFT), Tesla Inc (TSLA), and Amazon.com Inc (AMZN).

Apple saw a significant increase in holdings, up by 28.6%, reflecting the company's continued dominance in the technology space. Meanwhile, Microsoft saw an increase of 25.1%, driven by the company's continued innovation efforts. Tesla and Amazon also saw moderate gains, reflecting Peterson Wealth Advisors, LLC's bullish outlook for technology in the coming years.

Increase in Pharma and Biotech Holdings

Peterson Wealth Advisors, LLC also increased its position in the pharmaceutical and biotech sectors. Notable changes here include purchases in AbbVie Inc (ABBV), a pharmaceutical giant, and Lilly Eli & Co (LLY), which specializes in biotech and pharmaceuticals.

While AbbVie Inc only saw a modest increase, up 1.5%, Lilly Eli & Co saw a decrease of 6.1%. These changes reflect how Peterson Wealth Advisors, LLC is still optimistic about the potential for growth in the pharmaceutical and biotech industries.

Decrease in Energy Holdings

Finally, Peterson Wealth Advisors, LLC reduced its holdings in the energy sector between Q4 2022 and Q1 2023. This change highlights the shift away from traditional energy sources like oil and gas. Exxon Mobil Corporation (XOM) saw a decrease of 0.6%, while Home Depot Inc (HD), which is also involved in energy, saw holdings decrease by 4.7%.

Conclusion

Peterson Wealth Advisors, LLC's Q1 2023 13F filings indicate the firm's continued commitment to diversification and risk management. The company has increased its holdings in ETFs, technology, and pharma/biotech, while decreasing exposure to the energy sector. These moves demonstrate how Peterson Wealth Advisors, LLC is adapting to the unpredictable market and staying ahead of the curve.