Bollard Group LLC Q4 2022 vs. Q1 2023 Fund Holdings: Analyzing the Changes

For investors, tracking the quarterly holdings of institutional funds can be a useful strategy to construct their portfolio. In this article, we'll analyze the Q4 2022 vs. Q1 2023 13F fund holdings of Bollard Group LLC, a registered investment advisor.

Bollard Group LLC Q4 2022 vs. Q1 2023 Fund Holdings

Bollard Group LLC is an independent investment advisor based in Pennsylvania that manages more than $3.3 billion in assets for clients. As per the 13F filings submitted to the SEC, the firm made significant changes to its equity holdings from Q4 2022 to Q1 2023.

Changes in top holdings

The company's top holdings in Q1 2023, by share count, were Boston Scientific Corp (BSX), Gartner Inc (IT), and Lilly Eli & Co (LLY). Boston Scientific Corp remained the top holding of the firm, but with a reduction of 1.44% from 24,460,826 shares in Q4 2022 to 24,107,626 shares in Q1 2023. Meanwhile, Gartner Inc and Lilly Eli & Co had a marginal increase of 0.01% and 0.20%, respectively.

Notable changes in holdings

Bollard Group LLC made some significant changes in their portfolio in Q1 2023. The firm added Amazon.com Inc (AMZN) to its holdings with 798,160 shares worth $81,822,000. Amazon's stock surged 22% in Q1 2023, which could indicate that the stock was undervalued in Q4 2022.

Microsoft Corp (MSFT) also saw a significant increase of 20.4%, with Bollard holding 277,994 shares worth $80,146,000 in Q1 2023, up from 277,546 shares worth $66,561,000 in Q4 2022.

Nextera Energy Inc (NEE), on the other hand, saw a reduction of 7.3% in share count, with the firm's holding decreasing from 841,498 shares to 846,486 shares. The reason behind this reduction is unclear, but it could be due to various reasons such as market conditions or the firm's strategy.

Thermo Fisher Scientific Inc (TMO) also saw a notable jump, with Bollard's holding increasing from a single share in Q4 2022 to 106,485 shares worth $61,375,000 in Q1 2023.

Overall, Bollard Group LLC made a lot of changes to its portfolio in Q1 2023, with some notable additions and reductions in its holdings.

Final thoughts

Investors can take cues from Bollard Group LLC's 13F filings to construct their portfolio or get ideas for their investment strategy. However, it's important to keep in mind that 13F filings are filed with a lag of 45 days and represent a snapshot of a fund's holdings at a specific point in time. Investors should do their due diligence before investing in any stock.