Summit Asset Management, LLC's Q3 vs. Q4 2022 13F Holdings Comparison: Analysis and Implications

Summit Asset Management, LLC has released its Q3 2022 vs. Q4 2022 13F holdings comparison, which gives us an insight into the changes made in the holdings of this fund. The 13F report filed with the SEC shows the fund's holdings as of the end of the third and fourth quarters in 2022. In this blog post, we will summarize the changes in the fund's holdings and analyze the implications of these changes.

The fund's Q3 2022 holdings consisted of 50 stocks, with the total value of holdings at $133,052,000. The largest holding was SCHD (SCHWAB STRATEGIC TR), with 539,964 shares worth $35,870,000. The smallest holding was MINT (PIMCO ETF TR), with 8,826 shares worth $873,000. In Q4 2022, the fund's number of holdings decreased to 49, with a total value of holdings at $142,331,000. The largest holding in Q4 2022 was still SCHD (SCHWAB STRATEGIC TR), with 539,606 shares worth $40,761,000, and the smallest holding was DFUS (DIMENSIONAL ETF TRUST), with 12,952 shares worth $503,000.

Looking at the changes in the holdings between Q3 and Q4 2022, the biggest percentage change was in TCHP (T ROWE PRICE ETF INC), with a decrease of 27.7%. The second-largest percentage decrease was in MINT (PIMCO ETF TR), with a decrease of 29.9%. The largest percentage increase was in AZO (AUTOZONE INC), with an increase of 15.1%. The second-largest percentage increase was in PG (PROCTER AND GAMBLE CO), with an increase of 20.1%.

The most significant change in holdings was in IBDO (ISHARES TR), with an increase of 25.3%. In Q3 2022, the fund held 392,146 shares worth $9,784,000, while at the end of Q4 2022, the fund held 489,903 shares worth $12,262,000. This indicates that the fund had more confidence in this stock and increased its position.

Another notable change was in MOAT (VANECK ETF TRUST), with an increase of 22.4%. In Q3 2022, the fund held 226,346 shares worth $13,578,000, and in Q4 2022, the fund held 256,013 shares worth $16,617,000. This indicates that the fund increased its position in the stock as it became more confident in its future performance.

On the other hand, AMZN (AMAZON COM INC) saw a significant decrease in holdings, with a decrease of 37.7%. In Q3 2022, the fund held 21,050 shares worth $2,379,000, and in Q4 2022, the fund held 17,639 shares worth $1,481,000. This indicates that the fund reduced its position in the stock, likely due to uncertainty about its future performance.

The increase in holdings in PG (PROCTER AND GAMBLE CO) is also noteworthy, as it indicates that the fund is confident in the company's growth prospects. PG is a consumer staples company and has demonstrated resilience even during the pandemic, making it a safe bet for investors in times of uncertainty.

In conclusion, the Q3 2022 vs. Q4 2022 13F holdings comparison of Summit Asset Management, LLC shows a mixed bag of changes in holdings. While some stocks saw increases in holdings, others experienced decreases. The changes indicate that the fund is not afraid to make changes to its holdings and is actively managing its portfolio. Investors can take note of these changes and use them to inform their investment decisions.