Proffitt & Goodson Inc Q1 2023 vs. Q2 2023 13F Holdings Comparison

The 13F filings for Proffitt & Goodson Inc in Q1 2023 and Q2 2023 have depicted some interesting changes in their holdings. In this article, we will analyze the key differences and explore what these changes can imply for the company's investment strategy.

One of the notable changes in holdings is related to the SPDR S&P 500 ETF TR (SPY). In Q1 2023, Proffitt & Goodson Inc held 128,515 shares, with a value of $52,612,000. However, in Q2 2023, their holdings decreased to 121,625 shares, valued at $53,913,000. This reflects a slight decrease of 2.5% in their holdings. Despite the decrease, Proffitt & Goodson Inc still retains a significant position in this ETF.

Another interesting change is seen in the holdings of Vanguard Tax-Managed FDS (VEA). In Q1 2023, the company held 1,027,152 shares, valued at $46,396,000. In Q2 2023, their holdings increased slightly to 1,033,045 shares, with a value of $47,706,000. This represents a 2.8% increase in holdings. This suggests that Proffitt & Goodson Inc may have confidence in the performance of Vanguard Tax-Managed FDS and its potential for growth.

Vanguard Index FDS (VTI) is another significant holding for Proffitt & Goodson Inc that has undergone changes. In Q1 2023, their holdings amounted to 186,309 shares, valued at $38,025,000. However, in Q2 2023, their holdings decreased slightly to 184,340 shares, valued at $40,606,000. Despite the decrease in shares, the value has increased by 6.8%. This indicates that Proffitt & Goodson Inc has faith in the future prospects of Vanguard Index FDS.

Proffitt & Goodson Inc also made changes to their holdings in individual companies. For example, their holdings in Microsoft Corp (MSFT) decreased from 11,697 shares in Q1 2023 to 11,310 shares in Q2 2023. However, the value of their holdings increased from $3,372,000 to $3,851,000. This reflects a 14.2% increase in value despite the decrease in shares.

Another notable change is in their holdings of Apple Inc (AAPL). While the number of shares remained relatively stable, decreasing slightly from 18,726 to 18,487, the value of their holdings increased from $3,087,000 to $3,585,000. This represents a significant 16.1% increase in value.

Apart from these specific examples, Proffitt & Goodson Inc made several other changes to their portfolio holdings. Overall, their strategy seems to have net positive results, with increases in the value of their holdings outweighing the decrease in the number of shares for most companies.

It's important to note that 13F filings provide valuable insights into the investment strategies of institutional investors. However, it's crucial to remember that these filings occur on a quarterly basis, and the dynamic nature of the market may lead to further changes in their holdings.

In conclusion, the comparison of Proffitt & Goodson Inc's 13F holdings between Q1 2023 and Q2 2023 reveals some interesting shifts in their investment portfolio. While some holdings decreased in terms of the number of shares, the overall value of their holdings increased. This indicates that Proffitt & Goodson Inc may be adapting their investment strategy to capitalize on market opportunities and maximize returns.