Eagle Ridge Investment Management Q1 2023 vs. Q2 2023 13F Holdings Comparison

Eagle Ridge Investment Management, a prominent investment management firm, recently released its Q1 2023 and Q2 2023 13F Holdings Comparison. The report showcases the changes in the firm's holdings between the two quarters, shedding light on the investments made by Eagle Ridge during this period.

One of the significant changes observed in the comparison is the decrease in the holdings of Microsoft Corporation (MSFT). In Q1 2023, Eagle Ridge held 154,130 shares of Microsoft, which decreased to 149,934 shares in Q2 2023. Despite the decrease in the number of shares held, the value of the investment increased from $44,435,000 to $51,058,000, representing a 14.9% change.

Another notable change is the increase in the holdings of Broadcom Inc (AVGO). Eagle Ridge held 47,263 shares of Broadcom in both Q1 and Q2 2023. However, the value of the investment grew from $30,321,000 to $41,014,000, signifying a substantial change of 35.3%.

Additionally, the 13F Holdings Comparison shows that Eagle Ridge increased its holdings in Adobe Systems Incorporated (ADBE) during this period. While the firm did not hold any shares of Adobe in Q1 2023, it acquired 59,282 shares in Q2 2023. Although the value of the investment is not provided, this change represents a significant addition to Eagle Ridge's portfolio.

On the other hand, some companies experienced a decline in Eagle Ridge's holdings. Verizon Communications Inc (VZ), for example, saw a decrease in the number of shares held by the firm from 624,397 in Q1 2023 to 636,602 in Q2 2023. Despite the decrease in shares, the value of the investment declined from $24,282,000 to $23,675,000, indicating a 2.5% change.

In terms of percentage changes, some companies witnessed a substantial increase in holdings. Meta Platforms Inc (META), for instance, experienced a 35.8% change in the value of the investment. Eagle Ridge held 94,848 shares of Meta in Q1 2023, which increased to 95,151 shares in Q2 2023. The value of the investment rose from $20,102,000 to $27,306,000, illustrating a significant growth in the firm's holdings.

Overall, the Q1 2023 vs. Q2 2023 13F Holdings Comparison provides valuable insights into the investment activities of Eagle Ridge Investment Management. The changes in holdings reflect the firm's strategic decisions and highlight the companies that have garnered increased attention from the investment management team.

It is important to note that these figures and percentages are subject to market fluctuations and may change over time. Investors and analysts can use this data to gain insights into the investment strategies and trends of Eagle Ridge Investment Management, contributing to informed decision-making in the financial market.