Comparing Fortis Advisors' Q3 2022 and Q4 2022 13F Holdings: Analyzing Changes in ETFs and Stocks
Ava Hoppe | 25 April, 2023
Fortis Advisors, LLC recently released its Q4 2022 13F holdings, indicating the assets they manage and the changes in their holdings from the previous quarter, Q3 2022. In this blog post, we will closely examine the data and analyze the changes in holdings in different ETFs and stocks.
First, let's examine the changes in holdings in some ETFs. The Vanguard Short-Term Bond ETF (BSV) saw a 4.6% decrease in holdings from Q3 to Q4 2022, with a value of $12511 thousand and $11932 thousand, respectively. On the other hand, the Vanguard Ultra-Short Bond ETF (VUSB) experienced a slight 0.9% increase in holdings with a value of $11725 thousand and $11833 thousand in Q3 and Q4 2022, respectively. The Vanguard FTSE Developed Markets ETF (VEA) had a decrease of about 2% in holdings from Q3 to Q4 2022.
Looking at the stock holdings, Vanguard U.S. Value Factor ETF (VFVA) had an increase of 14.3% in shares held and 13.8% in value from Q3 to Q4. Johnson & Johnson (JNJ) had a significant 23.6% increase in the number of shares held, which translates to an increase in value from $620 thousand to $766 thousand. Amazon.com Inc. (AMZN), however, saw a 25.7% decrease in value from $1033 thousand to $767.
Furthermore, ABBVIE Inc. (ABBV) had a 20.6% increase in value while JPMorgan Chase & Co. (JPM) had a 28.3% increase in value. It is interesting to note that Berkshire Hathaway Inc. Del Cl A (BRK-A) and Berkshire Hathaway Inc. Del Cl B New (BRK-B) both had an increase in shares held and value, with BRK-A having a 15.4% increase in value and BRK-B having a 15.7% increase in value.
On the other hand, Air Lease Corp CL A (AL) saw a significant increase in shares held (24%) but only a slight increase in value (4%), with the same trend seen in EOG Resources Inc. Com (EOG) and Corning Inc Com (GLW).
Lastly, it is worth mentioning BlackRock Short Maturity Bond ETF (NEAR), which had a massive 106.1% increase in value from Q3 to Q4. The number of shares held only increased by 51%, which suggests a significant change in the value per share or an increase in the share price.
In conclusion, Fortis Advisors' Q4 2022 13F holdings indicate some interesting changes in holdings, both in ETFs and stocks. While some stocks experienced a significant increase in value, others, such as Amazon.com Inc., saw a decrease. Similarly, some ETFs saw a decrease in value, while others experienced an increase. This data provides insight into the investment choices made by Fortis Advisors and the changes in their portfolio over the quarter.
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