Changes in Fiduciary Trust Co Q3 2022 vs. Q4 2022 13F Holdings: Analyzing the Top Gainers and Losers

The third and fourth quarters of 2022 have been quite eventful for the Fiduciary Trust Co. As per the latest 13F filings, the company has significantly adjusted its holdings across various securities. This has been a year of ups and downs, with gains in some segments while losses in others. Our analysis will highlight the top gainers and losers in Fiduciary Trust Co's Q3 2022 vs. Q4 2022 13F holdings.

VEA: A Significant Gainer

Vanguard Tax-Managed International Fund (VEA) has been the most significant gainer in Fiduciary Trust Co's Q3 2022 vs. Q4 2022 13F holdings. The company has increased its holdings in VEA from 5,452,233 shares to 6,454,955 shares. This represents an increase of over 1 million shares or a 36.7% surge. The value of its holdings in VEA also skyrocketed from $198,243,000 to $270,914,000, representing a 36.7% increase. VEA is an exchange-traded fund that provides exposure to non-US companies in Europe, Australia, and the Far East. It appears that Fiduciary Trust Co believes that VEA has the potential for long-term gains and a solid investment.

AAPL and CPNG: The Major Losers

The top losers for Fiduciary Trust Co in Q3 2022 vs. Q4 2022 holdings are Apple Inc (AAPL) and Coupang Inc (CPNG). Fiduciary Trust Co has reduced its holdings in Apple from 1,921,509 shares to 1,840,552 shares, a decline of 9.9%. The value of its holdings also decreased from $265,552,000 to $239,142,000, a drop of 9.9%. Apple has faced a series of regulatory challenges and supply chain disruptions this year, and it seems that Fiduciary Trust Co might not see hope for an immediate turnaround.

The company has also decreased its holdings in Coupang Inc from 13,536,840 shares to 13,466,840 shares, a drop of 12.2%. The value of its holdings in Coupang Inc. also dropped from $225,660,000 to $198,097,000, a decline of 12.2%. While Coupang Inc. had a profitable year in 2021, significant changes in the e-commerce scenario and an increasingly competitive environment may have led Fiduciary Trust Co to divest their holdings in the company.

Other Notable Gainers and Losers

Apart from VEA, the following holdings also saw gains in Fiduciary Trust Co's Q3 2022 vs. Q4 2022 13F filings:

- TJX Companies Inc (TJX): The company's shares jumped from 2,679,980 to 2,732,092, an increase of 30.6%. Similarly, the value of its holdings increased from $166,480,000 to $217,474,000, an increase of 30.6%.

- Raytheon Technologies Corp (RTX): Fiduciary Trust Co. increased its holdings in RTX from 257,942 shares to 254,828 shares, an increase of 21.8%. The value of its holdings increased from $21,115,000 to $25,717,000, an increase of 21.8%.

Apart from AAPL and CPNG, the following holdings saw drops in Fiduciary Trust Co's Q3 2022 vs. Q4 2022 13F filings:

- Amazon Inc. (AMZN): The company has reduced its holdings in Amazon from 621,801 shares to 598,320 shares, a decline of 28.5%. The value of its holdings has also declined from $70,264,000 to $50,258,000, a decrease of 28.5%. Amazon faced several regulatory challenges and high expenses in 2021, leading to pressure on its bottom line.

- Alphabet Inc. (GOOGL): Fiduciary Trust Co. decreased its holdings in Alphabet from 727,999 shares to 717,985 shares, a drop of 9%. The value of its holdings in Alphabet also dropped from $69,633,000 to $63,347,000, a 9% decline. Alphabet also faced regulatory compliance issues and supply chain disruptions in 2021.

Final Thoughts

Fiduciary Trust Co's Q3 2022 vs. Q4 2022 13F holdings indicate substantial changes in its investment strategies. The company has made impressive gains in VEA while reducing its exposure to Apple and Amazon. While these changes might be influenced by various market factors and indicators, not all of them are a definitive indication of a company's long-term viability. Market trends show that the future remains uncertain, ultimately meaning that all investors need to hold a diversified portfolio that matches their risk appetite and investment objectives.