StrategIQ Financial Group: A Closer Look at Q4 2022 vs. Q1 2023 13F Holdings

StrategIQ Financial Group, LLC, recently released its 13F filings, which discloses the firm's investment holdings for the fourth quarter of 2022 and the first quarter of 2023. These SEC filings provide insights into changes in the firm's holdings, including the type of securities, amount of shares held, and the total value of the positions.

Let's take a closer look at the comparison between the two periods and the significant changes that occurred during the time frame.

Reduction of shares in Ecolab Inc

StrategIQ Financial Group saw a 42.9% decrease in its shares of Ecolab Inc, from 628,258 shares in Q4 2022 to 315,687 shares in Q1 2023. The Q4 2022 holdings had a total value of $91,449,000, while the Q1 2023 holdings had a total value of $52,255,000.

Increase in shares of Vanguard Index Funds

Despite the drop in Ecolab shares, the overall fund still saw an increase in holdings. The number of shares in Vanguard Index Funds increased from 165,050 in Q4 2022 to 162,235 in Q1 2023. The total value also increased from $31,555,000 to $33,112,000.

Steady growth in Spdr Ser TR and Vanguard Specialized Funds

SPDR Ser TR and Vanguard Specialized Funds both saw small but steady increases in the number of shares held and the total value of the positions. SPDR Ser TR increased its shares from 540,452 in Q4 2022 to 540,426 in Q1 2023. The total value also increased from $25,557,000 to $27,253,000.

Meanwhile, Vanguard Specialized Funds saw an increase in shares from 177,954 in Q4 2022 to 179,408 in Q1 2023, with the total value rising from $27,022,000 to $27,630,000.

Significant changes in other holdings

The 13F filings reveal that StrategIQ Financial Group underwent significant changes in other investments. The firm decreased its shares in Apple Inc by 29.2%, with the total value decreasing from $9,535,000 in Q4 2022 to $12,322,000 in Q1 2023.

Furthermore, the fund reduced its shares in Allstate Corp by 18.3%, with the total value decreasing from $18,557,000 to $15,165,000. United Parcel Service Inc increased by 11.5%, with its total value boosted from $13,387,000 to $14,932,000.

Final thoughts

The 13F filings from StrategIQ Financial Group show that the fund underwent significant changes in its holdings, with Ecolab Inc seeing the largest drop in shares. However, the firm still saw an increase in holdings, with Vanguard Index Funds and SPDR Ser TR contributing to the overall increase.

While the changes in Apple Inc and Allstate Corp may seem significant, it is crucial to note that these companies are still among the top holdings of the fund. The 13F filings offer valuable insights into the strategy and investment decisions of StrategIQ Financial Group, though they should not be taken as a sole indicator of the fund's performance.