MainStreet Investment Advisors LLC Makes Key Changes to 13F Holdings for Q4 2022

As we enter the final quarter of 2022, MainStreet Investment Advisors LLC has made some key changes to its 13F holdings. The fund has sold off its shares of some major tech stocks, while increasing its holdings in the industrial and financial sectors. Let's take a closer look at the specifics of these changes.

One of the biggest changes is the fund's decision to sell off a significant portion of its holdings in Apple Inc. In Q3 2022, the fund held 306,060 shares of the tech giant's stock, but by Q4 2022, that number had decreased to 256,277 - a decrease of 21.3%. The fund also sold off shares of Amazon.com Inc, reducing its holdings from 98,487 shares to 92,858 shares, a decrease of 29.9%.

The fund's decreased holdings in the tech sector are balanced out by increased holdings in other industries. For example, MainStreet Investment Advisors LLC increased its holdings in BlackRock Inc from 30,964 shares to 29,654 shares - a 23.3% increase. Similarly, the fund increased its holdings in Prudential Financial Inc from 40,805 shares to 51,386 shares, a significant increase of 46%.

Another interesting shift is the increase in holdings in the industrial sector. For example, the fund increased its holdings in Honeywell International Inc from 87,108 shares to 83,558 shares, an increase of 23.1%. Similarly, the fund increased its holdings in Texas Instruments Inc from 41,945 shares to 40,738 shares, a more modest increase of 3.7%.

The fund's increased holdings in the financial sector are also notable. MainStreet Investment Advisors LLC increased its holdings in JPMorgan Chase & Co from 111,436 shares to 109,392 shares - an increase of 26%. The fund also increased its holdings in Truist Financial Corp from 57,673 shares to 85,608 shares, a significant increase of 46.7%.

It's also worth noting that the fund made some altogether new investments in Q4 2022. For example, the fund invested in iShares MSCI EAFE Value ETF, acquiring 82,593 shares. This move reflects an increased interest in value stocks, as opposed to growth stocks.

Overall, it's clear that MainStreet Investment Advisors LLC is making some strategic changes to its holdings as we enter the final quarter of 2022. The fund has sold off some of its tech holdings, but is increasing its investments in other industries, particularly in the industrial and financial sectors. These changes suggest that the fund is positioning itself to take advantage of opportunities in areas where it sees growth potential going forward.