Augustine Asset Management Inc Q4 2022 vs. Q1 2023: A Look at Holdings Changes

Augustine Asset Management Inc recently filed their 13F reports revealing their holdings for Q4 2022 and Q1 2023. As an investor, it's always interesting to see what changes have been made, and what securities have been added or removed. In this article, we're going to take a closer look at some of the changes in holdings and what they might mean for the market.

Let's start by looking at some of the largest holdings. At the end of Q4 2022, Augustine Asset Management Inc had 135,620 shares of Apple Inc (AAPL), which decreased slightly to 135,140 shares by the end of Q1 2023. Similarly, their holdings of Microsoft Corp (MSFT) decreased from 64,831 shares in Q4 2022 to 64,252 shares in Q1 2023. Despite the slight decrease in shares held, the value of these holdings increased by 26.5% and 19.1%, respectively.

In contrast, Augustine Asset Management Inc significantly increased their holdings in AppLovin Corp - Cl A (APP), going from 317,453 shares in Q4 2022 to 797,143 shares in Q1 2023. This change represents a massive increase of 275.6%, and the value of these holdings increased from $3,342,000 to $12,555,000 during the same period.

Another interesting change is the decreased holding of Invesco DB Commodity Index (DBC), going from 389,711 shares in Q4 2022 to 387,982 shares in Q1 2023. The value of this holding decreased by 4.1%, going from $9,606,000 to $9,210,000. It will be interesting to see if this trend continues, as the price of commodities has been highly volatile in recent years.

Looking at individual sectors, Augustine Asset Management Inc increased their exposure to the technology sector, going from 33.01% of their portfolio in Q4 2022 to 37.6% in Q1 2023. In contrast, their exposure to the financial sector decreased from 13.38% to 12.02% during the same period.

In terms of individual securities, there were some significant changes. For example, Augustine Asset Management Inc added 20,000 shares of iShares U.S. Regional Banks ETF (IAT) to their portfolio, which was previously not held. They also added 5,343 shares of Alphabet Inc-Cl C (GOOG) during Q1 2023, which they did not hold in Q4 2022.

On the other hand, Augustine Asset Management Inc sold their entire position of 200,000 shares in Invesco Opt Yld Divers (PDBC) during Q1 2023, and 6 shares of Berkshire Hathaway (BRK-A). They also significantly reduced their holdings in Bank of America Corp (BAC), going from 42,822 shares in Q4 2022 to 42,709 shares in Q1 2023.

In conclusion, while there were some interesting changes in Augustine Asset Management Inc's holdings between Q4 2022 and Q1 2023, it's important to remember that these 13F filings only give a snapshot of their portfolio at two specific points in time. It will be interesting to see what changes they make in the future, and how these holdings perform in the market.