The Eagle Capital Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison: Analyzing the Changes

The third and fourth quarters of 2022 have seen significant changes in the holdings of Eagle Capital Management LLC. In this blog post, we will analyze the changes in the firm's top holdings, along with their change percentages, values, and shares. We will also discuss the possible reasons behind these changes and their implications.

Introduction

Eagle Capital Management LLC is a New York-based investment management firm founded in 1988. The firm manages over $25 billion in assets, and its investment strategy aims to achieve long-term growth by investing in undervalued companies with sustainable competitive advantages. The firm's holdings are disclosed quarterly in its 13F filings with the SEC. In this blog post, we will compare the firm's Q3 and Q4 2022 13F holdings and analyze the changes in its top holdings.

Main Body

Microsoft Corp (MSFT) held the top position in the firm's Q3 and Q4 2022 13F holdings. However, the number of shares decreased by 6.6% in Q4 2022, while the value decreased by 6.9%. Netflix Inc (NFLX) and Alphabet Inc Cl C (GOOG) also maintained their second and third positions, respectively, but their values and shares decreased in Q4 2022. Among the top 10 holdings, only Goldman Sachs Group Inc (GS), Wells Fargo & Co (WFC), and Meta Platforms Inc-Class A (META) saw an increase in their values and shares in Q4 2022.

UnitedHealth Group Inc (UNH), Amazon.com Inc (AMZN), and Comcast Corp-Class A (CMCSA) were among the top 10 holdings in Q3 2022 but were replaced by ConocoPhillips (COP), Capital One Financial Corp (COF), and AerCap Holdings NV (AER) in Q4 2022. The number of shares of UNH, AMZN, and CMCSA decreased by more than 15% in Q4 2022, while the value decreased by more than 20%.

The most significant changes in the holdings were observed in Morgan Stanley (MS), General Electric Co (GE), and Dish Network Corp Cl A (DISH). MS saw a 42.3% decrease in the number of shares and a 37.9% decrease in the value in Q4 2022. GE saw a 5.2% decrease in the number of shares but an increase in value by 28.3% in Q4 2022 due to the company's positive earnings surprise. DISH saw a 10.6% decrease in the number of shares and a 9.1% decrease in the value in Q4 2022.

Conclusion

In conclusion, the changes in Eagle Capital Management LLC's Q3 and Q4 2022 13F holdings reflect the volatile market conditions throughout 2022. While some holdings saw an increase in value and shares, most experienced a decline. The technology sector, which was the firm's largest holding, had the most significant losses in Q4 2022. Moreover, the changes in the firm's holdings suggest that it is realigning its portfolio to capitalize on new opportunities and reduce risks. As always, investors should conduct thorough research before making any investment decisions.