Destination Wealth Management's Q3 and Q4 2022 13F Holdings: A Look at the Changes

As the year-end approaches, many experts look to the 13F filings of major wealth management firms to determine the changes in holdings for the last quarter of the year. Destination Wealth Management, a registered investment advisor based in California, recently filed their Q3 and Q4 2022 13F holdings, revealing noteworthy changes in their portfolio.

In this blog post, we will take a closer look at the changes in the holdings of Destination Wealth Management, analyzing the changes in shares and value of some of their top holdings. Let's explore further.

Main Body:

Among Destination Wealth Management's top holdings, Apple Inc.(AAPL) saw a decrease of 8.5% in shares from Q3 to Q4, while Johnson & Johnson (JNJ) saw a 6% increase in shares during the same period. Other tech giants like Microsoft (MSFT) saw minimal changes, with only 0.3% difference in shares between Q3 and Q4.

In contrast, Vanguard Index FDS' VUG saw a small decrease of 0.5% in shares from Q3 to Q4, while Invesco Exchange Traded FD (RYT) saw a 7.3% increase in shares during the same period. Interestingly, Q4 saw Schwab Strategic TR (SCHX) shares go up by a massive 161.7% compared to Q3, indicating a bullish stance by Destination Wealth Management towards the company.

Another notable change is the decrease in the value of Amazon.com's (AMZN) shares by 32.4% from Q3 to Q4, while Visa Inc. (V) saw an increase of 15.3% during the same period. Waste Management Inc. (WM) had a 4.4% decrease in shares, while Procter and Gamble Co. (PG) saw a value increase of 19.1% in their shares.

In the bond holdings, iShares TR's AGG had a 14.4% decrease in shares from Q3 to Q4, while iShares TR's IGSB saw a decrease of 14.3%. iShares TR's IUSB had a 15.9% decrease in shares during the same period.

Conclusion:

Destination Wealth Management's Q3 and Q4 2022 13F holdings reveal some noteworthy changes taking place in their portfolio. The California-based investment advisor's bullish stance on SCHX and JNJ, alongside increased holdings in RYT, marks a clear shift in strategy that could prove beneficial in the long run.

Meanwhile, the decrease in shares of companies like AAPL and WM shows a willingness to diversify their portfolio and avoid risk exposure. Experts will continue to carefully monitor wealth management firms' 13F filings, looking out for future developments and changes to their holdings.