Westbourne Investment Advisors Q3 vs. Q4 2022 13F Holdings: Mixed Performances of Major Stocks in the Fund's Portfolio
Ava Hoppe | 18 April, 2023
Westbourne Investment Advisors, Inc. recently released its Q3 2022 vs. Q4 2022 13F Holdings Comparison, which shows the changes in holdings of the fund in the past quarter. The report indicates that the fund's assets decreased from $109.5 billion in Q3 2022 to $106.4 billion in Q4 2022. This 2.8% decrease is partly attributed to the declining value of some of the fund's largest holdings, including Apple Inc., Alphabet Inc., and PayPal Holdings Inc.
Apple Inc. (AAPL) remains the fund's largest holding, despite a decrease in shares from 106,208 to 104,137. The value of Apple Inc. in the fund's portfolio decreased from $14.7 billion to $13.5 billion, representing a 7.8% decline. The shares of Alphabet Inc. (GOOGL), the fund's second-largest holding, increased from 98,982 to 100,256, but the value of the holding in the fund declined from $9.5 billion to $8.8 billion, a 6.6% decrease.
Meanwhile, another major technology stock in the fund's portfolio, Microsoft Corp. (MSFT), experienced a modest drop in shares from 51,253 to 50,950. However, the value of Microsoft Corp. in the fund increased slightly from $11.9 billion to $12.2 billion, marking a 2.4% increase in value. A similar trend was seen in Goldman Sachs Group Inc. (GS), which saw a slight decrease in shares from 19,576 to 19,540, but a 17% increase in value from $5.7 billion to $6.7 billion.
Among the fund's financial holdings, Bank of America Corp. (BAC) experienced a decline in shares from 245,911 to 244,027, but its value in the fund increased from $7.4 billion to $8.1 billion, indicating an 8.8% increase. Another financial holding, Morgan Stanley (MS), experienced a modest increase in shares from 76,266 to 76,323 and a 7.7% increase in value from $6.0 billion to $6.5 billion.
The fund's energy holdings also showed a mixed performance. While Valero Energy Corp (VLO) witnessed a decrease in shares from 46,888 to 45,915, the value of the holding in the fund increased from $5.0 billion to $5.8 billion, indicating a 16.3% increase. Exxon Mobil Corp (XOM) also showed growth, with a steady number of shares at 14,453 and an increase in value from $1.3 billion to $1.6 billion, a 26.3% increase.
The fund's healthcare holdings experienced mixed performances as well. Johnson & Johnson (JNJ) saw a decrease in shares from 10,643 to 9,673, resulting in a decrease in value from $1.7 billion to $1.7 billion, representing a 1.7% decline. However, Eli Lilly & Co (LLY) showed an increase in shares from 1,766 to 1,633 and a 4.6% increase in value from $571 million to $597 million.
The fund's consumer staples holdings also showed a mixed performance. Procter & Gamble Co (PG) witnessed a decrease in shares from 9,400 to 9,200. However, the value of the holding in the fund increased from $1.2 billion to $1.4 billion, marking a 17.4% increase. Meanwhile, Coca-Cola Co (KO) saw a decrease in shares from 8,626 to 8,615, but the value of the holding in the fund increased from $483 million to $548 million, representing a 13.5% increase.
In summary, Westbourne Investment Advisors Inc. showed a mixed performance in its Q3 2022 vs. Q4 2022 13F Holdings Comparison report. While some of the fund's largest holdings saw declining values, others experienced growth, leading to a 2.8% decrease in the fund's assets. Nonetheless, the fund's long-term investment strategy and diverse portfolio suggest that it remains a strong contender in the investment market.
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