A Detailed Look at Trust Co's Q4 2022 vs. Q1 2023 13F Holdings

Trust Co is a well-known financial institution that has been managing investments for its clients for years. In the world of investing, the fourth quarter of 2022 (Q4 2022) and the first quarter of 2023 (Q1 2023) may go down in history as a time of major changes. Trust Co recently released its 13F holdings for Q4 2022 and Q1 2023, and the data is worth taking a closer look at.

In this article, we will provide an in-depth analysis of Trust Co's Q4 2022 vs. Q1 2023 13F holdings. We will examine the top holdings in each quarter and identify any significant changes that have occurred. We will also discuss how these changes may impact the overall market in the coming months.

Top Holdings in Q4 2022 vs. Q1 2023

Let's start by taking a look at Trust Co's top holdings in each quarter. In Q4 2022, the top three holdings were VTV, AGG, and VUG. VTV (Vanguard Value Index ETF) had a total of 387,811 shares valued at $54,436,000. AGG (iShares Core US Aggregate Bond Index ETF) followed closely behind with 230,302 shares valued at $22,337,000. VUG (Vanguard Growth Index ETF) rounded out the top three with 245,841 shares valued at $52,390,000.

In Q1 2023, the top three holdings were FNDF, SHV, and AGG. FNDF (Schwab Fundamental Intl Large Co ETF) held the top spot with 1,111,377 shares valued at $34,752,000. SHV (iShares Short Treasury Bond Index ETF) followed closely behind with 578,344 shares valued at $63,906,000. AGG once again made the top three with 503,990 shares valued at $50,217,000.

Changes in Holdings

One of the most significant changes in Trust Co's portfolio between Q4 2022 and Q1 2023 was the increase in holdings of AGG. In Q4 2022, Trust Co held 230,302 shares of AGG, valued at $22,337,000. In Q1 2023, Trust Co increased its holdings to 503,990 shares, valued at $50,217,000. This represents an increase of 118.9% in the number of shares held and 124.8% in the value of those shares.

Another notable change was the decrease in holdings of VTV. In Q4 2022, Trust Co held 387,811 shares of VTV, valued at $54,436,000. In Q1 2023, Trust Co decreased its holdings to 379,353 shares, valued at $52,391,000. This represents a decrease of 2.2% in the number of shares held and 3.8% in the value of those shares.

Impact on the Market

The changes in Trust Co's holdings may have an impact on the overall market, especially in the bond market. The increase in holdings of AGG suggests that Trust Co is bullish on the US bond market, which may indicate a shift away from equities. This could lead to a decrease in demand for stocks and an increase in demand for bonds.

In addition, the decrease in holdings of VTV may indicate a decrease in demand for value stocks and an increase in demand for growth stocks. This could lead to a shift in the market away from value stocks and towards growth stocks.

Conclusion

In conclusion, Trust Co's Q4 2022 vs. Q1 2023 13F holdings show some significant changes in the financial institution's investment strategy. The increase in holdings of AGG and the decrease in holdings of VTV suggest a shift towards bonds and growth stocks, respectively. These changes may have an impact on the overall market, especially in the bond and stock markets. As always, investors should carefully consider their investment strategy and consult with a financial advisor before making any investment decisions.