Spence Asset Management Q2 2023 vs. Q3 2023 13F Holdings Comparison

Introduction:

In the dynamic world of investment management, keeping track of changes in holdings is essential for fund managers and investors alike. Spence Asset Management has recently released its 13F holdings comparison report for Q2 2023 and Q3 2023. In this article, we will delve into the significant changes in holdings made by Spence Asset Management and analyze the potential implications for the market.

Mastercard Incorporated (MA):

One of the notable changes in holdings can be observed in Mastercard Incorporated. In Q2 2023, Spence Asset Management held 69,501 shares of Mastercard, which decreased slightly to 69,069 shares in Q3 2023. Despite the marginal reduction in shares, the value of holdings significantly rose from $27 million to $99.9 million. This change could indicate Spence Asset Management's confidence in the long-term prospects of Mastercard.

Visa Inc (V):

Similarly, Spence Asset Management held 115,960 shares of Visa Inc. in Q2 2023, which slightly decreased to 115,601 shares in Q3 2023. However, the value of holdings increased from $27 million to $96.5 million. This change suggests Spence Asset Management's belief in the potential growth of Visa Inc. despite the reduction in the number of shares held.

Alphabet Inc (GOOG):

The holdings in Alphabet Inc., the parent company of Google, remained relatively stable, with a minor decrease of 429 shares from 165,710 in Q2 2023 to 165,281 in Q3 2023. The value of holdings increased to $108.6 million from $20 million, indicating Spence Asset Management's positive outlook on Alphabet Inc's performance.

Gartner Inc (IT):

Gartner Inc, a leading research and advisory company, saw a marginal decline in shares held by Spence Asset Management. The number of shares dipped slightly from 56,359 in Q2 2023 to 56,226 in Q3 2023. However, the value of holdings rose significantly to $97.8 million from $19 million. This change could reflect Spence Asset Management's confidence in Gartner Inc's growth potential.

Tyler Technologies Inc (TYL):

Another interesting change can be observed in the holdings of Tyler Technologies Inc. In Q2 2023, Spence Asset Management held 49,344 shares, which slightly decreased to 49,252 shares in Q3 2023. Nevertheless, the value of holdings increased from $20 million to $92.4 million, indicating Spence Asset Management's positive sentiment towards the company.

Adobe Inc (ADBE):

The holdings of Adobe Inc. witnessed a significant reduction in the number of shares held by Spence Asset Management. In Q2 2023, the company held 48,862 shares, which declined to 36,783 shares in Q3 2023. This decrease could be attributed to various factors, including profit-taking, portfolio reallocation, or a change in Spence Asset Management's outlook on Adobe Inc.

Conclusion:

The comparison between Spence Asset Management's Q2 2023 and Q3 2023 13F holdings highlights some interesting trends in their investment strategy. While some stocks saw marginal changes in the number of shares held, the value of holdings generally increased. This suggests that Spence Asset Management is focused on maximizing the value of their portfolios through careful selection and management of stocks. Investors and market participants can draw valuable insights from Spence Asset Management's holdings, indicating their confidence in certain companies and sectors. However, it is important to remember that 13F filings provide a snapshot of holdings at a specific point in time and should not be viewed as investment advice.