Gateway Investment Advisers LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison

Introduction:

Maintaining a watchful eye on the ever-changing landscape of investment holdings is crucial for market participants. Investors are always interested in the latest movements and acquisitions made by finance giants. Gateway Investment Advisers LLC, a prominent name in the industry, recently released its Q1 2023 and Q2 2023 13F holdings comparison. In this article, we will explore these changes and highlight the notable shifts in their portfolio.

Apple Inc (AAPL):

One of the most significant shifts in Gateway Investment Advisers LLC's portfolio is the decrease in their holdings of Apple Inc. In Q1 2023, they held 3,626,735 shares, but this number dropped to 3,561,373 shares in Q2 2023. Despite the decrease in shares, the value of their investment increased from $598,048,000 to $690,799,000, representing a notable change of 15.5%. This increase in value indicates that even though they held fewer shares, the market appreciation compensated for the reduction in quantity.

Microsoft Corp (MSFT):

Another notable change in Gateway Investment Advisers LLC's portfolio is their holdings in Microsoft Corp. In Q1 2023, they owned 1,821,281 shares, which decreased to 1,762,582 shares in Q2 2023. Similar to their Apple Inc holdings, the value of their Microsoft Corp investment increased from $525,075,000 to $600,229,000, showing a change of 14.3%. This increase in value despite a reduction in shares indicates the investors' confidence in the company's performance.

Amazon.com Inc (AMZN):

Gateway Investment Advisers LLC slightly reduced their holdings in Amazon.com Inc as well. In Q1 2023, they possessed 2,204,340 shares, and this number marginally decreased to 2,195,676 shares in Q2 2023. However, the value of their investment rose significantly from $227,686,000 to $286,228,000, demonstrating a remarkable change of 25.7%. This increase in value showcases the positive market response to Amazon's operations and long-term prospects.

NVIDIA Corporation (NVDA):

Gateway Investment Advisers LLC experienced a substantial decrease in their holdings of NVIDIA Corporation. In Q1 2023, they held 634,052 shares, which plummeted to 579,431 shares in Q2 2023. With this decrease in shares, the value of their investment dropped from $176,120,000 to $245,110,000, indicating a change of 39.2%. This significant reduction in holdings suggests a change in investment strategy or market outlook for NVIDIA Corporation.

Alphabet Inc (GOOG/GOOGL):

Gateway Investment Advisers LLC made minor adjustments to their holdings in Alphabet Inc, the parent company of Google. In Q1 2023, they possessed 1,901,463 shares, which slightly decreased to 1,875,422 shares in Q2 2023. Despite this decrease in quantity, the value of their investment increased from $197,752,000 to $226,869,000, revealing a change of 14.7%. This increase in value points towards a positive market sentiment for Alphabet Inc and its subsidiary, Google.

Conclusion:

The Q1 2023 vs. Q2 2023 13F holdings comparison of Gateway Investment Advisers LLC highlights several noteworthy changes in their portfolio. While they decreased their holdings in companies like Apple Inc and NVIDIA Corporation, they saw an increase in the value of their investments in Microsoft Corp and Amazon.com Inc. These shifts reflect a dynamic and strategic approach to asset allocation, with a keen focus on market trends and opportunities. It will be intriguing to observe how these changes impact their overall performance and influence future investment decisions.