Changes in Holdings of Funds: Summitry LLC Q3 2022 vs. Q4 2022

As the year draws to a close, investment firms are making moves to optimize their portfolios for the coming year. Summitry LLC is no exception, and their recent 13F filings reveal some interesting changes in their holdings. In this article, we'll take a look at the biggest winners and losers in Summitry's portfolio and explore the potential reasons behind these changes.

First on the list is Fiserv Inc, which saw a 6.1% decrease in shares from Q3 to Q4 2022. Despite this decline, the company remains a significant holding for Summitry, with over 622,000 shares worth nearly $63 million. Berkshire Hathaway also saw a small decline in shares, with a 14.9% drop from Q3 to Q4, while Microsoft remained relatively stable with a 2.8% decrease in shares.

Perhaps the most significant change in Summitry's portfolio is the increase in shares of Visa Inc. Though the percentage change is not as high as some of the other companies in the portfolio, Visa saw an additional 1,286 shares added to Summitry's portfolio, bringing the total number of shares to nearly 288,036. This increase is notable because it came at a time when many other large-cap tech companies saw declines in their share prices.

Ross Stores Inc, on the other hand, saw a significant decrease in shares from Q3 to Q4 2022. The company lost over 164,000 shares in Summitry's portfolio, totaling a 73.6% decrease in the share value. Netflix Inc, however, saw an opposite trend and gained 11,072 shares, making it one of the biggest winners in Summitry's portfolio for the quarter.

Other companies that saw significant growth in Summitry's portfolio include Zebra Technologies Corporation, which gained 32,209 shares, and CarMax Inc, which gained 8,849 shares. In contrast, Lowe's Companies Inc lost 105,830 shares, making it one of the biggest losers in the portfolio. Ulta Beauty Inc also saw a significant decline, with over 37,000 shares sold from Summitry's holdings.

Overall, Summitry's portfolio saw a mix of gains and losses from Q3 to Q4 2022, with some of the biggest gains coming from Visa Inc and Netflix Inc. While it's difficult to say what motivated these changes, it's clear that Summitry is taking steps to optimize their holdings for the coming year. Investors who are looking to mirror Summitry's strategies may find some inspiration in these changes, though it's important to conduct thorough research and due diligence before making any investment decisions.