A Deep Dive into G&S Capital LLC 13F Holdings: Q4 2022 vs. Q1 2023

Investors need to stay updated on the changes in holdings of a fund to make informed decisions. One way to do this is by analyzing the 13F filings of investment management firms. In this blog post, we will take a closer look at G&S Capital LLC's 13F holdings for the fourth quarter of 2022 and the first quarter of 2023.

To provide some context, G&S Capital LLC is an investment management firm located in New York. According to the 13F filings, the firm manages a portfolio worth $476.3 million, which is a decrease from the previous quarter's value of $568.7 million. During Q4 2022, G&S Capital LLC made a total of 44 purchases and sold out of 11 positions. In contrast, in Q1 2023, the firm bought 32 stocks and sold 10 positions.

SPDR S&P 500 ETF and ISHARES TR remain the top holdings of G&S Capital LLC in both quarters. However, there have been significant changes in the number of shares held by the firm. For instance, in Q4 2022, G&S Capital LLC held 37,490 shares of SPDR S&P 500 ETF, which decreased to 36,688 shares in Q1 2023. Despite this, the value of the shares increased from $14,337 thousand to $15,019 thousand, a 4.8% change.

Similarly, the firm increased its holdings of FIRST TR EXCHANGE-TRADED FD from 136,647 shares to 167,845 shares, a 23% increase. The estimated value of the shares also rose from $8,122 thousand to $9,988 thousand. The number of shares held by the firm in INVESCO QQQ TR decreased from 19,899 to 15,735, leading to a 4.7% decrease in the estimated value of the shares held.

Another interesting change is the increase in holdings of ISHARES TR TFLO from 11,225 shares in Q4 2022 to 93,016 shares in Q1 2023, representing a 731.6% increase. The shares' estimated value rose from $565 thousand to $4,705 thousand. In contrast, G&S Capital LLC sold out of its holdings in GOLDMAN SACHS ETF TR GBIL, with the number of shares held dropping from 226,244 to 42,503, which translates to an 81.1% decrease.

Other notable changes include the increase in holdings of HERSHEY CO HSY from 9,401 shares to 9,169 shares, with the estimated value of the shares rising from $2,176 thousand to $2,332 thousand. Meanwhile, MARATHON OIL CORP MRO saw a 17.2% increase in the estimated value of shares held from $1,687 thousand to $1,977 thousand. Moreover, VERIZON COMMUNICATIONS INC VZ had a 2.5% decrease in the estimated value of shares held from $1,215 thousand to $1,185 thousand.

In conclusion, analyzing a firm's 13F filings provides crucial information about their investment strategies and the changes in their portfolio. While G&S Capital LLC increased its holdings in some companies, it sold out of some positions and decreased its shares in others. It will be interesting to see how those holdings change in the coming quarters and whether it aligns with any changes in the market.