Avantax Planning Partners, Inc. Q1 2023 vs. Q2 2023: Examining Changes in 13F Holdings

Introduction

Avantax Planning Partners, Inc. recently released its 13F holdings for the first and second quarters of 2023. The report provides valuable insights into the company's investment activities and highlights any significant changes in its holdings. In this article, we will analyze the Q1 2023 vs. Q2 2023 comparison and explore the notable adjustments in Avantax Planning Partners, Inc.'s portfolio.

Understanding 13F Holdings

Before delving into the specific changes in Avantax Planning Partners, Inc.'s holdings, it is essential to clarify what 13F filings are and why they are significant. The Securities and Exchange Commission (SEC) requires institutional investment managers with assets under management (AUM) of $100 million or more to submit a Form 13F. This disclosure document provides details on the manager's holdings of U.S.-traded securities, including stocks, options, and convertible bonds.

By analyzing 13F filings, investors and analysts can gain valuable insights into the investment strategies and activities of institutional managers. It allows them to track the positions of influential market participants, identify trends, and make informed investment decisions.

Avantax Planning Partners, Inc.'s Q1 2023 vs. Q2 2023 Holdings Comparison

Let's explore some of the notable changes in Avantax Planning Partners, Inc.'s 13F holdings between the first and second quarters of 2023.

1. SCHWAB STRATEGIC TR (SCHG):

- Q1 2023 (SHARES): 5,629,421

- Q2 2023 (SHARES): 5,272,310

- Q1 2023 VALUE ($000): 366,869

- Q2 2023 VALUE ($000): 395,159

- Chg %: 7.7

During this period, Avantax Planning Partners, Inc. reduced its holdings in SCHWAB STRATEGIC TR by approximately 7.7%. This change corresponds to a decrease in both the number of shares held and the total value of the investment.

2. ISHARES TR (IWN):

- Q1 2023 (SHARES): 517,524

- Q2 2023 (SHARES): 549,978

- Q1 2023 VALUE ($000): 70,911

- Q2 2023 VALUE ($000): 77,436

- Chg %: 9.2

Avantax Planning Partners, Inc. increased its holdings in ISHARES TR by approximately 9.2% during the Q1 2023 vs. Q2 2023 period. The number of shares held and the total value of the investment both experienced a notable increase.

3. SPDR SER TR (FLRN):

- Q1 2023 (SHARES): 2,467,130

- Q2 2023 (SHARES): 2,405,136

- Q1 2023 VALUE ($000): 75,074

- Q2 2023 VALUE ($000): 73,813

- Chg %: -1.7

Avantax Planning Partners, Inc. slightly reduced its holdings in SPDR SER TR by approximately 1.7%. While the decrease is relatively minor, it shows a slight shift in the company's investment strategy.

4. INVESCO EXCH TRADED FD TR II (PGX):

- Q1 2023 (SHARES): 906,883

- Q2 2023 (SHARES): 922,531

- Q1 2023 VALUE ($000): 10,411

- Q2 2023 VALUE ($000): 10,489

- Chg %: 0.8

Avantax Planning Partners, Inc. increased its holdings in INVESCO EXCH TRADED FD TR II by approximately 0.8%. Although the change is relatively small, it indicates a slight shift in the company's investment allocation.

5. APPLE INC (AAPL):

- Q1 2023 (SHARES): 156,691

- Q2 2023 (SHARES): 175,536

- Q1 2023 VALUE ($000): 25,838

- Q2 2023 VALUE ($000): 34,048

- Chg %: 31.8

One of the significant changes in Avantax Planning Partners, Inc.'s portfolio was its increased holdings in APPLE INC. The company's holdings in the tech giant grew by approximately 31.8%, reflecting a strong bullish sentiment towards the stock.

Conclusion

Analyzing Avantax Planning Partners, Inc.'s holdings in Q1 2023 vs. Q2 2023 provides valuable insights into the company's investment strategy and potential market trends. While the precise reasoning behind the changes remains unknown, investors and analysts can use this information as a starting point for further research and analysis. Understanding institutional holdings can be a useful tool for formulating investment strategies and making well-informed decisions in the ever-evolving financial markets.