Progressive Investment's Q4 2022 vs. Q1 2023 Fund Holdings: Winners and Losers

The latest quarterly SEC filings for Progressive Investment Management Corp's 13F holdings report showed changes in the company's holdings between Q4 2022 and Q1 2023. The report, released on May 15, 2023, revealed several interesting trends. In this blog post, we will analyze the data to identify the winners and losers in Progressive Investment's portfolio for the first quarter of 2023.

Before we dive into the details, let's understand what 13F filings are and why they are important. The Securities and Exchange Commission (SEC) requires all investment managers with more than $100 million in assets to file a quarterly report detailing their holdings in public companies. These reports, known as 13F filings, provide valuable information to investors and analysts who want to understand an investment manager's strategy and identify potential investment opportunities.

Now, let's take a closer look at Progressive Investment's Q4 2022 vs. Q1 2023 13F holdings comparison. The table shows the changes in the company's holdings in terms of shares, value, and percentage change.

Apple Inc (AAPL)

Apple Inc. was one of the top holdings for Progressive Investment in both Q4 2022 and Q1 2023. The company increased its holdings in Apple by 4,791 shares, representing a 2.2% increase. The value of its holdings in Apple also grew by 33.1% from Q4 2022 to Q1 2023.

Microsoft Corp (MSFT)

Progressive Investment also increased its holdings in Microsoft Corp by 3,212 shares, representing a 3.5% increase. The value of its holdings in Microsoft grew by 24.4% from Q4 2022 to Q1 2023.

Amazon.com Inc (AMZN)

One of the biggest winners in Progressive Investment's portfolio was Amazon.com Inc. The company increased its holdings in Amazon by 99,450 shares, representing a massive 77.1% increase. The value of its holdings in Amazon also grew by 117.8% from Q4 2022 to Q1 2023.

Salesforce.com Inc (CRM)

On the other hand, Salesforce.com Inc was one of the biggest losers in Progressive Investment's portfolio. The company's holdings in Salesforce.com decreased by 23,178 shares, representing a significant 49.5% decrease. The value of its holdings in Salesforce.com also decreased by 23.9% from Q4 2022 to Q1 2023.

Tesla Inc (TSLA)

Another significant drop in Progressive Investment's 13F filings was Tesla Inc. The company sold all of its shares in Tesla during Q1 2023, representing a 100% decrease in holdings. The value of its holdings in Tesla was also reduced to zero from Q4 2022 to Q1 2023.

Conclusion

The Q4 2022 vs. Q1 2023 13F holdings comparison report for Progressive Investment Management Corp showed interesting trends in the company's portfolio. While some companies such as Amazon.com Inc and Microsoft Corp experienced growth, others such as Salesforce.com Inc and Tesla Inc saw significant drops. Investors and analysts can use this information to make informed investment decisions and understand an investment manager's strategy.