The Evolution of 13F Holdings: Q3 2022 vs. Q4 2022

As the saying goes, change is the only constant in life. This applies to the world of finance, where fluctuations in market trends and investor sentiment can cause significant shifts in the holdings of a fund. One such example can be observed in the 13F holdings of Global Retirement Partners, LLC, which saw several modifications in Q4 2022 compared to Q3 2022. In this blog post, we will delve into the changes in holdings of this fund and what they indicate.

Let’s start by taking a closer look at the data. The CSV above highlights the key information regarding the holdings of Global Retirement Partners, LLC, including the issuer name, option type, number of shares held in Q3 2022 and Q4 2022, the value of those shares, and the percentage change in holdings.

At first glance, one can notice a significant increase in the number of shares of SPDR S&P 500 ETF TR (SPY) held by the fund, which rose from 95,910 shares in Q3 2022 to 140,992 shares in Q4 2022. This increase in holdings corresponds to a surge in the value of those shares from $37,041,000 to $53,919,000. This rise in the holdings of an S&P 500 ETF can indicate a positive outlook on the U.S. economy and the performance of large-cap stocks.

On the other hand, the number of shares of Gallagher Arthur J & Co (AJG) held by the fund declined slightly from 515,836 shares in Q3 2022 to 511,736 shares in Q4 2022. While the difference is not substantial, the fact that it’s one of the largest holdings in the fund warrants analysis. One reason for the decline could be the company’s financial performance being impacted by the pandemic or other market factors.

Moving on, the data also shows a significant increase in the number of shares of iShares TR (AGG) held by the fund, from 69,380 shares to an impressive 307,462 shares, indicating the fund's bullish stance on bonds. The value of these shares increased almost sixfold, from $6,584,000 to $29,820,000. This increase in bond holdings may suggest that the fund is hedging against potential inflation and market volatility.

Another noteworthy change in holdings was the significant decrease in shares of SPDR Ser TR (SPLG), which dropped from 661,964 shares to 596,992 shares, resulting in a decrease in value from $30,066,000 to $26,852,000, indicating that the fund was less keen on US large-cap equity.

The increase in the number of shares of WisdomTree TR (USFR) held by the fund decreased, while the decrease in shares of Pacer FDS TR (COWZ) was marginal, but noteworthy. The changes in holdings of other companies, such as Vanguard Index FDS (VTI) and Microsoft Corp (MSFT), indicate that GRP LLC is bullish on these stocks.

Overall, the changes in the 13F holdings of Global Retirement Partners, LLC suggest that the fund is optimistic about the U.S. market and is diversifying its holdings across several sectors. However, it is essential to keep in mind that 13F filings are backward-looking and lag by 45 days, which means that the current holdings of the fund may have shifted.

In conclusion, this analysis of the 13F holdings of Global Retirement Partners, LLC indicates that the fund made noteworthy adjustments to its portfolio in Q4 2022. The increase in holdings of a bond ETF and a large-cap stock ETF indicates a balanced strategy by the fund, while the decrease in shares in other companies and ETFs suggests that the fund may be adjusting to market conditions. Understanding these changes can help investors make informed decisions regarding their holdings, considering that this data is publicly available.