Doyle Wealth Management 13F Holdings: A Comparison of Q2 2022 and Q3 2022

Doyle Wealth Management, a registered investment advisor with over $2 billion in assets under management, filed its 13F holdings report for Q2 2022 and Q3 2022. The report shows the changes in the firm's holdings between the two quarters.

The 13F holdings report is required to be filed by all institutional investment managers who manage more than $100 million in assets. The report provides public disclosure of the manager's holdings, including equities, fixed-income securities, and options.

In this article, we will go through the changes in Doyle Wealth Management's holdings in Q2 2022 and Q3 2022. Let's dive into the report to discover the most significant changes.

The Big Picture

Doyle Wealth Management increased its holdings from $920.8 million in Q2 to $976.4 million in Q3, representing a growth of 6.1%. The firm bought several new stocks and sold off some of its existing holdings.

Doyle Wealth Management's increase in holdings can be attributed to the growth in the overall market, the addition of new holdings to its portfolio, and the expansion of its existing holdings.

Top Holdings

The top five holdings of Doyle Wealth Management in Q3 2022 were the iShares TR (ICSH), Apple Inc (AAPL), Vanguard Specialized Funds (VIG), Microsoft Corp (MSFT), and Johnson & Johnson (JNJ).

Doyle Wealth Management increased its holdings of VIG and AAPL by 3.5% and 0.7%, respectively. However, the firm decreased its holdings of MSFT and JNJ by 9.7% and 8.7%, respectively.

New Holdings

During Q3 2022, Doyle Wealth Management added several new holdings to its portfolio. The new additions include Costco Whsl Corp New (COST), J P Morgan Exchange Traded F (JPST), VanEck ETF Trust (MOAT), and Electronic Arts Inc (EA).

The addition of these new holdings could be attributed to the firm's optimism towards the long-term prospects of these companies.

Sold-Out Holdings

Doyle Wealth Management sold out its holdings of Verizon Communications Inc (VZ). The sale of the holdings resulted in a decline of 81.7% in the firm's total holdings in the company.

This move is indicative of the firm's decision to exit from the telecommunications sector, due to the industry's changing dynamics.

Conclusion

Overall, Doyle Wealth Management's 13F holdings report for Q2 2022 and Q3 2022 indicates the firm's active management of its portfolio. The firm's new holdings and sold-out holdings suggest its bullish outlook on some companies and bearish outlook on others.

Investors can use this report to gain insights into the investment strategy of Doyle Wealth Management. However, it is essential to keep in mind that the 13F report is filed quarterly, which means that its holdings may have changed since the filing.

As always, investors are encouraged to do their due diligence and consider their personal financial situation before investing.