The Ever-Evolving Stock Holdings: A Look at Clifford Swan’s Q4 2022 vs. Q1 2023 Portfolio

Clifford Swan Investment Counsel LLC has filed their 13F holdings report for Q1 2023, providing an intriguing insight into the changes they have made to their stock portfolio. The report highlights the stocks that have been added or sold and how they are performing in the market. With an increasing number of investors relying on 13F disclosures to inform their investment decisions, let's take a closer look at the changes in Clifford Swan's holdings.

One of the most notable changes in Clifford Swan's portfolio is the decrease in shares of United Parcel Service, Inc. (UPS). The company sold over 15,000 shares between Q4 2022 and Q1 2023, resulting in a 9.2% drop in the company's value. This move is surprising given that UPS stock has been relatively stable in recent years, with a 26% rise in stock price from 2019 to 2021.

Another significant change in Clifford Swan's portfolio is their increased investment in Apple Inc. (AAPL). The company increased their shares in Apple by over 20,000, which is equivalent to a 23.8% increase in the value of the stock. This move is understandable, given Apple's strong financials and increasing market share.

Clifford Swan also increased investment in Microsoft Corporation (MSFT) by over 11,000 shares, resulting in a 24.3% increase in the company's value, despite their share price taking a hit in recent years due to antitrust concerns. However, with the company's cloud computing business continuing to grow, investors remain hopeful about its future.

Arista Networks Inc. (ANET), a California-based technology company that designs and sells multilayer network switches, saw significant attention from Clifford Swan. The company's shares were increased by over 7,000, resulting in a 33.9% increase in value between Q4 2022 and Q1 2023. This move is indicative of the growing demand for network solutions amid the rise of remote work.

Investors who follow Clifford Swan's holdings should keep an eye on the decrease in shares of Procter and Gamble Co. (PG) and Pfizer Inc. (PFE), which saw 3% and 21.6% decreases in value between Q4 2022 and Q1 2023, respectively. This decrease could be due to challenges in the consumer goods and pharmaceutical industries, such as supply chain disruptions.

In conclusion, Clifford Swan Investment Counsel LLC's Q4 2022 vs. Q1 2023 13F holdings report indicates that the company is increasing its investment in several promising tech companies while shedding shares of some well-established companies fulfilling a strategy to take advantage of current market conditions. Whether you are investing for your business or managing your personal finances, keeping an eye on these changes can be a valuable step in making informed investment decisions.