McGuire Investment Group, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Investment Group, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison: Insights into Changes in Fund Holdings

Throughout the second and third quarters of 2023, McGuire Investment Group, LLC experienced significant changes in their 13F holdings. 13F filings are reports submitted to the Securities and Exchange Commission (SEC) by institutional investment managers, providing a quarterly snapshot of their holdings. In this article, we will explore the alterations made to McGuire Investment Group, LLC's portfolio and analyze the implications of these changes.

One of the most notable adjustments was the decrease in holdings of Advanced Micro Devices Inc (AMD). In Q2 2023, McGuire held 267,988 shares with a value of $30,526,000, but this figure dropped to 256,490 shares worth $26,372,000 in Q3 2023, representing a decrease of 13.6%. This reduction may be attributed to various factors, such as the fund manager's expectations regarding the company's future performance or a reallocation of capital.

Similarly, there was a slight increase in the holdings of NVIDIA Corporation (NVDA). McGuire's Q2 2023 holdings amounted to 50,248 shares valued at $21,255,000, which grew to 50,900 shares worth $22,140,000 in Q3 2023. This change indicates a 4.2% rise in holdings. The decision to increase the position in NVIDIA may be driven by positive market sentiments and expectations of the company's growth prospects.

On the other hand, McGuire reduced their holdings in Lam Research Corp (LRCX) during this period. In Q2 2023, they held 36,811 shares valued at $23,664,000, which decreased to 34,601 shares worth $21,687,000 in Q3 2023. This reduction represents an 8.4% decline in holdings. The decision to reduce their stake in LAM Research Corp could be related to changes in the fund's investment strategy or a reassessment of the company's long-term prospects.

Another significant change was observed in Applied Materials Inc (AMAT), with McGuire Investment Group, LLC reducing their holdings by 8.9%. In Q2 2023, they held 156,460 shares valued at $22,614,000, while in Q3 2023, this decreased to 148,881 shares worth $20,612,000. This reduction could be driven by various factors, including a change in market conditions, a reassessment of the company's fundamentals, or the need for capital reallocation.

In contrast, there was a substantial increase in holdings of SPDR Ser Tr (BIL). McGuire held 190,828 shares valued at $17,521,000 in Q2 2023, which grew to 220,631 shares worth $20,258,000 in Q3 2023. This increase of 15.6% suggests a growing confidence in the fund's belief in the future potential of this particular investment.

The above examples illustrate just a few of the changes that occurred in McGuire Investment Group, LLC's 13F holdings during the second and third quarters of 2023. These adjustments in holdings can provide valuable insights into the investment decisions made by the fund, but they should be analyzed in conjunction with other factors such as market conditions and the fund's overall investment strategy. By tracking these changes, investors can gain a better understanding of the fund's investment approach and potentially make informed decisions that align with their own investment objectives.

Please note that the information provided in this article is for informational purposes only and does not constitute financial advice. It is always advisable to consult with a qualified financial professional or advisor before making any investment decisions.