Focused Wealth Management, Inc Quarterly Holdings Comparison: Q4 2022 vs. Q1 2023

Investment management firms are continuously monitoring their holdings, assessing which stocks to buy, sell, or hold. This strategy is particularly evident in quarterly filings, where investment firms are required to disclose their holdings. Focused Wealth Management, Inc, an independent financial advisory firm, recently revealed their Q4 2022 and Q1 2023 13F holdings. Let's take a closer look at the notable changes in their portfolio.

SPYG: The Largest Percentage Increase

SPYG, an ETF that tracks the S&P 500 Growth Index, was the largest position increase in Q4 2022 and Q1 2023. The fund's value increased from $63,168,000 to $72,148,000, representing a 14.2% increase. This position now represents 29% of Focused Wealth Management's portfolio, up from 26.6% last quarter. The ETF has a year-to-date return of 7.5% and a three-year average return of 18.7%, making it an attractive growth investment.

VTV: The Largest Percentage Decrease

VTV, an ETF that tracks the value of large-cap U.S. stocks, saw a significant decrease in shares held by Focused Wealth Management. Last quarter, the firm held 473,556 shares, which decreased to 456,306 shares in Q1 2023, a 5.2% decrease. The fund's value also saw a decrease from $66,472,000 to $63,020,000, indicating a shift away from value investments. This position represents 25.7% of the portfolio, down from 29.8% last quarter.

QQQ: Technology Continues to Rise

Focused Wealth Management increased its position in technology funds with QQQ, an ETF that tracks the Nasdaq-100 Index. The firm added 16,450 shares, increasing its holdings from 95,230 to 111,680 shares, a 41.3% increase. The fund's value increased from $25,357,000 to $35,841,000, indicating a strong bullish sentiment for the technology sector. This position now represents 14.8% of the portfolio, up from 10% last quarter.

BND: A Rise in Bonds

BND, an ETF that tracks the performance of the Bloomberg Barclays U.S. Aggregate Bond Index, saw a 28.3% increase in value from Q4 2022 to Q1 2023. The firm increased its shares from 370,366 to 462,534 shares, reflecting a bullish sentiment towards bonds. This position now represents 6.9% of the portfolio, up from 5.4% last quarter.

VCIT: A Moderate Increase

VCIT, an ETF that tracks the performance of the Bloomberg Barclays U.S. 5-10 Year Corporate Bond Index, saw a 23.9% increase in holdings from Q4 2022 to Q1 2023. The firm added 47,943 shares, increasing its position from 243,518 shares to 291,461 shares. The fund's value rose from $18,875,000 to $23,381,000, indicating a bullish sentiment towards corporate bonds. This position now represents 3.7% of the portfolio, up from 3.1% last quarter.

Conclusion

Focused Wealth Management, Inc's Q4 2022 and Q1 2023 13F holdings reveal a shift towards growth investments, especially in the technology sector. The firm's largest percentage increase was seen in the SPYG ETF, while VTV saw the largest decrease in percentage holdings. The rise in holdings for VCIT and BND indicates that the firm is bullish on bonds. As with any investment strategy, it is important to regularly review holdings to ensure they align with investment objectives and risk tolerance.