Legacy Wealth Management Q4 2022 vs. Q1 2023: A Look at the Changing 13F Holdings

Investment management firm Legacy Wealth Management, Inc recently released its Form 13F for Q4 2022 and Q1 2023, providing insight into the firm's stock and option holdings during those periods. Among the notable changes were increases in holdings for Schwab Strategic Trust and iShares Trust, as well as a significant decrease in holdings for Schwab Strategic Trust. In this blog post, we'll take a closer look at the changes in the ETF and stock holdings of Legacy Wealth Management, Inc.

Schwab Strategic Trust

The data showed that Legacy Wealth Management increased its holdings in Schwab Strategic Trust during the Q4 2022 to Q1 2023 period, with holdings increasing from 8,357,876 shares to 8,685,492 shares, a 11.3% increase. Additionally, the value of the holdings increased from $308,656,000 to $343,511,000, a 11.3% change. Interestingly, Legacy Wealth Management also increased its holdings of Schwab Strategic Trust in three different variations: SCHM, SCHX, and SCHA.

iShares Trust

The 13F filing revealed that Legacy Wealth Management also increased its holdings in iShares Trust during the Q4 2022 to Q1 2023 period. Overall, it increased its holdings in IWB, IJH, and IJR. The total number of shares increased from 823,292 to 814,742, a 5.9% decrease, while the value of the holdings increased from $173,319,000 to $183,504,000, a 5.9% change. This shows that Legacy Wealth Management had a bullish outlook on ETFs in the iShares Trust family.

J P Morgan Exchange Traded F

J P Morgan Exchange Traded F was another company in which Legacy Wealth Management increased its holdings, most notably with JCPB, which saw the firm increase its holdings by 189.2%, from 718,589 shares to 2,014,359 shares. Additionally, JPST saw a negligible 0.8% increase in holdings, with the total number of shares increasing from 3,560,555 to 3,574,062. Thus, Legacy Wealth Management seems to be bullish on the prospects of J P Morgan Exchange Traded F.

Shifts in Other Holdings

Aside from the above companies, Legacy Wealth Management also increased its holdings in Hartford Fds Exchange Traded and SPDR S&P 500 ETF TR. However, the firm decreased its holdings in Schwab Strategic Trust's SCHZ by 30.8%, going from 9,685 to 6,524 shares. The most significant decrease was seen with JSCP, as it went from 1,024,244 shares in Q4 2022 to 0 shares Q1 2023, indicating that Legacy Wealth Management drastically reduced its holding in this company.

Conclusion

From the information obtained from the 13F filing, it's clear that Legacy Wealth Management increased its holdings in several companies during the Q4 2022 to Q1 2023 period. Schawb Strategic Trust and iShares Trust saw increases in holdings, while holdings in J P Morgan Exchange Traded F were also increased, indicating bullish positions in those ETFs. Although there were reductions in some holdings, it's evident that there were more increases overall, showing that Legacy Wealth Management had a positive outlook on potential growth during this period.