Meridian Wealth Management, LLC: Comparing Q2 2023 vs. Q3 2023 13F Holdings

Introduction:

Investing in the stock market can be a lucrative endeavor, but it requires careful research and analysis. One way to gain insights into the investing strategies of large institutional investors is by examining their 13F filings. These filings provide a snapshot of a fund's holdings at a specific point in time. This article will compare the Q2 2023 and Q3 2023 13F holdings of Meridian Wealth Management, LLC, shedding light on any notable changes in their portfolio.

Meridian Wealth Management, LLC Q2 2023 vs. Q3 2023 13F Holdings Comparison

Meridian Wealth Management, LLC's 13F filings reveal significant changes in their portfolio holdings between Q2 2023 and Q3 2023. Let's examine the top holdings and notable changes during this period.

1. Apple Inc. (AAPL):

During Q3 2023, Meridian Wealth Management, LLC substantially increased its holdings in Apple Inc. The number of shares held rose from 347,035 to 700,836, representing a remarkable increase of 102.1%. This significant increase in holdings indicates a bullish sentiment towards Apple's future prospects.

2. Microsoft Corp. (MSFT):

Meridian Wealth Management, LLC also demonstrated a positive sentiment towards Microsoft Corp. during Q3 2023. The number of shares held increased from 133,792 to 281,052, reflecting a notable 110.1% increase. This suggests that the firm believes in Microsoft's continued growth and profitability.

3. Exxon Mobil Corp. (XOM):

In contrast to the previous two holdings, Meridian Wealth Management, LLC reduced its position in Exxon Mobil Corp. during Q3 2023. The number of shares held decreased from 960,404 to 718,145, marking a significant decline of 25.2%. This reduction implies a bearish sentiment towards the oil giant.

4. Amazon.com Inc. (AMZN):

Meridian Wealth Management, LLC exhibited a positive outlook on Amazon.com Inc. during Q3 2023. The number of shares held surged from 254,498 to 543,440, indicating a whopping increase of 113.9%. This suggests confidence in Amazon's e-commerce dominance and its potential for future growth.

5. Invesco QQQ Trust (QQQ):

Meridian Wealth Management, LLC slightly increased its holdings in the Invesco QQQ Trust during Q3 2023. The number of shares held rose modestly from 119,991 to 131,761, representing a 9.8% increase. This indicates continued belief in the performance of the Nasdaq-100 Index.

Conclusion:

Meridian Wealth Management, LLC's Q2 2023 vs. Q3 2023 13F holdings comparison provides valuable insights into its investment strategy. The firm displayed optimism in technology giants such as Apple Inc., Microsoft Corp., and Amazon.com Inc., significantly increasing their holdings. However, they took a more cautious approach with Exxon Mobil Corp., reducing their position. Overall, Meridian Wealth Management, LLC's portfolio adjustments illustrate their confidence in specific sectors and companies. It is essential for individual investors to stay informed about these institutional investors' moves to gain insights into the current market trends and potential investment opportunities.