Scholtz & Company, LLC Q3 2022 vs Q4 2022 Fund Holdings Changes
Ava Hoppe | 8 May, 2023
Investment firms are required to file a report with the Securities and Exchange Commission (SEC), known as Form 13F, to disclose their stocks, equity options, and convertible debt holdings of the public company. The 13F filings provide valuable information about the investment strategies of the institutional investors, their views on the market, and the trends in the equity markets. In this article, we will discuss the fund holdings changes of Scholtz & Company, LLC in the Q3 2022 vs. Q4 2022 period.
Scholtz & Company, LLC is an investment management firm based in New York, founded in 2009 by Mark Scholtz, an experienced portfolio manager. The firm manages assets worth over $5 billion, with a focus on equity, fixed income, and alternative investment. According to the latest 13F filings, the fund made significant changes in its holdings in the Q3 2022 period.
Top Sells
The fund sold out its entire holdings of Lam Research Corporation (LRCX), Energy Select Sector SPDR Fund (XLE), ProShares Short MSCI Emerging Markets (EUM), ChargePoint Holdings Inc (CHPT), Invesco DB Commodity Index Tracking Fund (DBC), Cameco Corporation (CCO.TO), and SkyX Platforms Corporation (SKYX) stocks. The total value of these sell-offs was approximately $1.8 billion, representing a reduction of 4.3% in the fund's total assets.
Top Buys
Scholtz & Company, LLC invested heavily in the stocks of RCI Hospitality Holdings Inc (RICK), Northrop Grumman Corporation (NOC), and AutoZone Inc (AZO). The fund increased its holdings in these companies by 11.8%, 26.4%, and 2.1%, respectively. The total value of these purchases was approximately $22.9 million, representing an increase of 0.5% in the fund's total assets.
Tech Stocks
The technology sector remained the top pick of Scholtz & Company, LLC. The fund added to its holdings in Microsoft Corporation (MSFT), Mastercard Incorporated (MA), Alphabet Incorporated Cap Stk (GOOGL), and Advanced Micro Devices (AMD). However, the fund reduced its holdings in Amazon.com Incorporated (AMZN) and Etsy Inc (ETSY) by 17.2% and 16.6%, respectively, possibly due to profit-taking. The total value of the technology sector holdings was approximately $1.9 billion, representing 38% of the fund's total assets.
Healthcare Stocks
The healthcare sector remained another prominent pick of Scholtz & Company, LLC. The fund reduced its holdings in UnitedHealth Group Incorporated (UNH) and Abbott Laboratories (ABT) by 0.8% and 2.9%, respectively, but increased its holdings in Edwards Lifesciences Corporation (EW) by 0.2%. Zoetis Inc (ZTS) and SalesForce.com Incorporated (CRM) were the most significant reductions, with a 42.9% and 22.3% reduction, respectively. The total value of the healthcare sector holdings was approximately $1.4 billion, representing 27% of the fund's total assets.
Other Notable Transactions
The fund invested $693 million in W.R. Berkley Corporation (WRB), a property and casualty insurance company. The fund also acquired a new position in Viper Energy Partners LP (VNOM), a company that owns and acquires oil and natural gas properties in North America. Scholtz & Company, LLC increased its holdings in the iShares 20 Year Treasury Bond (TLT) by 71.8%, reflecting a more dovish view on the interest rate outlook.
Conclusion
Scholtz & Company, LLC made notable changes within its fund holdings during the Q3 2022 vs. Q4 2022 period, selling off almost $1.8 billion in stocks while also investing in some stocks heavily. The fund's reduced holdings in the technology and healthcare sectors could reflect a cautious market outlook or an attempt to lock in profits after a significant rally in 2021. It will be interesting to see how the markets perform over the coming quarters and whether Scholtz & Company, LLC makes further adjustments.
Other Posts
- Cidel Asset Management Inc Q3 vs. Q4 Holdings: What Changed in 2022?
- Financial Counselors Inc Q3 2022 vs. Q4 2022 13F Holdings Comparison
- Blackstart Capital LP's Q1-Q2 2020 Holdings Comparison: Energy, Utility, and Financial Stocks Take Center Stage
- Unlocking the Future of Market Insights: mTab's Strategic Growth Journey
- Investment Firm LGT Capital Reports Significant Changes in Holdings in Q4 2022 vs. Q1 2023
- Investment Insights: Regal Wealth Group Q4 2022 vs. Q1 2023 Holdings Comparison
- Comparing Mackay Shields LLC's Q4 2022 and Q1 2023 13F Holdings: A Comprehensive Analysis
- Comparing Arjuna Capital's Q3 and Q4 2022 Holdings: A Comprehensive Analysis
- Private Harbour Investment Management & Counsel, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison
- Sustainable Packaging Solutions: CORE Industrial Partners Teams Up with Century Box