Spinnaker Trust's Q4 2022 vs. Q1 2023 13F Holdings Comparison: Major Changes, Top Gainers and Losers, and Factors Driving Performance

Spinnaker Trust Q4 2022 vs. Q1 2023 13F Holdings Comparison

Spinnaker Trust recently released their Q4 2022 vs. Q1 2023 13F holdings comparison, detailing changes in the fund's holdings over the period. The comparison is based on a CSV file that lists the issuer name, option type, number of shares held in Q4 2022 and Q1 2023, value in dollars in Q4 2022 and Q1 2023, and the percentage change between the two periods for each of the fund's holdings.

In the following sections, we will delve into the major changes in the fund's holdings, examine the top gainers and losers, and explain the factors that may have contributed to these changes.

Major Changes in Spinnaker Trust's Holdings

The CSV file shows that the fund's total value increased from $721,271 in Q4 2022 to $787,037 in Q1 2023, a 9.1% growth rate. Furthermore, the number of shares held by the fund increased from 8,228,201 in Q4 2022 to 8,540,019 in Q1 2023, a 3.8% increase in shares.

Looking at the fund's individual holdings, we can see that there were significant changes to several of the funds' holdings, with some seeing substantial growth, while others experienced significant losses.

Tech sector holdings XLK and MSFT saw a 20.8% and 13% increase in shares, respectively, while their value grew by 20.3% and 12.6% over the period. Meanwhile, Home Depot (HD) and Johnson & Johnson (JNJ) saw their value decrease by 7% and 22.8%, respectively. Several holdings saw no change in their overall value from Q4 2022 to Q1 2023.

Top Gainers

One of the top gainers during the period was Prologis (PLD), with the value of the fund's holdings in the firm rising from $1,855,000 in Q4 2022 to $7,243,000 in Q1 2023, a growth rate of 290.5%. Similarly, Salesforce (CRM) saw its value in the fund's holdings increase from $3,198,000 in Q4 2022 to $6,209,000 in Q1 2023, a growth rate of 94.2%.

Other notable gainers included Amazon (AMZN), Apple (AAPL), and energy-related holdings KraneShares Global Carbon ETF (KRBN), and Global X Uranium ETF (URA), which grew by 31%, 21.7%, 11.5%, and 2.6%, respectively.

Top Losers

On the other side of the spectrum, top losers included Pepsico (PEP) with a decrease in value of 18%, and low volatility stock Invesco S&P 500 Low Volatility ETF (SPLV) incurred a loss of 14.4%. Industrial Select Sector SPDR (XLI) saw a significant decrease in shares, and consequently value, with the value of their holdings dropping by 49.7%.

Factors Contributing to Changes in Spinnaker Trust's Holdings

Several factors contributed to the changes observed in Spinnaker Trust's holdings. For tech-related holdings like XLK and MSFT, the period saw continued growth of the technology sector, driven by strong demand for remote work tools and increased e-commerce activity.

Prologis (PLD) and salesforce (CRM) saw significant growth on the back of favorable market conditions, including record low interest rates, a recovering global economy, and strong demand for e-commerce and software technology.

Energy-related holdings like KraneShares Global Carbon ETF (KRBN) and Global X Uranium ETF (URA) saw growth driven by the energy transition, with investors increasingly favoring renewable energy and nuclear power generation over hydrocarbons.

Conclusion

Spinnaker Trust's Q4 2022 vs. Q1 2023 13F holdings comparison provides valuable insights into the performance of the fund over the period. Their holdings reported a 9.1% increase in total value and a 3.8% increase in shares held.

Notably, the technology sector continued to experience growth, while the energy transition and e-commerce technologies drove strong performance for holdings like KraneShares Global Carbon ETF (KRBN), Global X Uranium ETF (URA), Prologis (PLD), and Salesforce (CRM).

Additionally, top losers like low volatility stock Invesco S&P 500 Low Volatility ETF (SPLV) and Pepsico (PEP) experienced decreased value due to unfavorable market conditions. Overall, Spinnaker Trust's holdings provide a snapshot of market sentiment and investment trends during the period.