Centre Asset Management, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

Centre Asset Management, LLC recently released its 13F holdings for Q4 2022 and Q1 2023. The data shows the changes in the fund's holdings, including the issuer name, option type, shares in Q4 2022 and Q1 2023, value in dollars, and percentage change.

The company is a professional asset management firm specializing in investment programs based on individual client objectives. Their primary aim is to maximize client wealth and minimize risks through an investment portfolio tailored to meet each client's unique needs.

In Q1 2023, Centre Asset Management, LLC increased its holdings in many of the companies it invested in Q4 2022, as well as adding some new positions and reducing its stake in others. Here's a closer look at some of the changes:

Technology

Apple Inc (AAPL) saw a significant increase in shares held by Centre Asset Management, LLC. In Q4 2022, the firm held 139,056 shares of Apple Inc., and this increased to 146,396 shares in Q1 2023, being a 33.6% increase in the shares held. Microsoft Corp (MSFT) also saw an increase in the shares held by Centre Asset Management, LLC, from 16390 shares to 20345, accounting for a 24.1% increase. Alphabet Inc (GOOGL), however, experienced a 10.6% decrease in the number of shares held by the firm.

Energy

Holdings in energy companies such as Exxon Mobil Corp (XOM), Chevron Corp (CVX), and Williams Companies Inc (WMB) decreased in Q1 2023 compared to Q4 2022, with Chevron Corp seeing a decrease in shares held as much as 18.6%. However, Centre Asset Management LLC increased its stake in Kinder Morgan Inc (KMI) and ONEOK Inc (OKE) with a whopping growth of 330.5% and 554%, respectively.

Consumer Goods

Centre Asset Management, LLC sold out of Clorox Co (CLX) and made significant reductions in Campbell Soup Co (CPB) and Pepsico Inc (PEP). The company also increased its holdings in Boston Beer Company Inc (SAM) by 21.3%.

Healthcare

In the healthcare sector, companies such as Altria Group Inc (MO) saw a 41.3% increase in shares held by the firm, which could suggest a bullish outlook for the company. Conversely, holdings in Gilead Sciences Inc (GILD) decreased by 20.2%.

Other notable changes

Centre Asset Management, LLC added new positions in Agnico Eagle Mines Ltd (AEM) and T-Mobile US Inc (TMUS), and sold out of positions in Berkshire Hathaway Inc (BRK-B), Thermo Fisher Scientific Inc (TMO), and Costco Wholesale Corp (COST).

Wrap up

Centre Asset Management, LLC's Q4 2022 vs. Q1 2023 13F holdings comparison shows a contrasting view in how the company has adjusted its investment portfolio based on the current market conditions. The increase in Apple Inc shares and other technology stocks shows that Centre Asset Management is optimistic about the future returns on these investments. On the other hand, the decrease in some energy and consumer goods companies' holdings indicates a cross-bearish outlook for these sectors. The top-performing sector in the Q1 2023 changes is Healthcare, with a 41.3% increase in shares held in Altria Group Inc. Overall, the changes show that Centre Asset Management, LLC is adjusting its portfolio to be more responsive to current market conditions.