Greenwood Capital Associates LLC Q2 2023 vs. Q3 2023: A Comprehensive Analysis of 13F Holdings Changes

Greenwood Capital Associates LLC, a leading investment management firm, recently released its 13F filing comparing the second quarter of 2023 with the third quarter of 2023. The 13F filing discloses the firm's holdings in various securities, providing valuable insights into its investment strategy and portfolio adjustments. In this article, we will delve into the notable changes in Greenwood Capital Associates LLC's holdings and analyze the implications of these changes.

Notable Holdings Changes:

1. Apple Inc (AAPL):

- Q2 2023 (Shares): 153,894

- Q3 2023 (Shares): 154,389

- Q2 2023 Value ($000): 29,850

- Q3 2023 Value ($000): 26,432

- Change %: -11.5%

Despite a slight increase in shares held, Greenwood Capital Associates LLC reduced its investment value in Apple Inc by 11.5% from the second quarter to the third quarter of 2023. This adjustment suggests a cautious approach towards the technology giant.

2. Microsoft Corp (MSFT):

- Q2 2023 (Shares): 73,711

- Q3 2023 (Shares): 73,984

- Q2 2023 Value ($000): 25,101

- Q3 2023 Value ($000): 23,360

- Change %: -6.9%

Greenwood Capital Associates LLC slightly increased its holdings in Microsoft Corp but reduced the investment value by 6.9%. This move might indicate a reshuffling of their technology sector investments.

3. Alphabet Inc (GOOGL):

- Q2 2023 (Shares): 162,456

- Q3 2023 (Shares): 164,222

- Q2 2023 Value ($000): 19,445

- Q3 2023 Value ($000): 21,490

- Change %: 10.5%

Greenwood Capital Associates LLC increased its holdings in Alphabet Inc, the parent company of Google, by 10.5%. This decision reflects their confidence in the company's future growth prospects.

4. Johnson & Johnson (JNJ):

- Q2 2023 (Shares): 90,041

- Q3 2023 (Shares): 86,084

- Q2 2023 Value ($000): 14,903

- Q3 2023 Value ($000): 13,407

- Change %: -10%

Greenwood Capital Associates LLC decreased its holdings in Johnson & Johnson by 10% during the third quarter of 2023. This adjustment may indicate a reallocation of capital to other sectors or companies.

5. Cisco Systems Inc (CSCO):

- Q2 2023 (Shares): 215,644

- Q3 2023 (Shares): 196,542

- Q2 2023 Value ($000): 11,157

- Q3 2023 Value ($000): 10,566

- Change %: -5.3%

Greenwood Capital Associates LLC lowered its investment in Cisco Systems Inc by 5.3%. This strategic move suggests a potential reevaluation of their exposure to the technology infrastructure sector.

Implications and Analysis:

The changes in Greenwood Capital Associates LLC's holdings reveal insights into the firm's investment strategy and its view on specific companies and sectors. The reduction of investment values in Apple Inc, Microsoft Corp, and Johnson & Johnson could signify a cautious approach, possibly due to concerns about market conditions or company-specific factors. On the other hand, the increased holdings in Alphabet Inc indicate confidence in its business model and growth potential.

It is important to note that an investment firm's 13F filing represents a snapshot of their holdings at a specific point in time and might not reflect their current positions. However, analyzing these changes can provide valuable information for investors and financial professionals, allowing them to make more informed investment decisions.

In conclusion, Greenwood Capital Associates LLC's Q2 2023 vs. Q3 2023 13F holdings comparison highlights the dynamic nature of investment portfolios. By closely monitoring the movements of prominent firms like Greenwood Capital Associates LLC, investors can gain valuable insights into market trends and make informed investment decisions.