Wright Investors' Q4 2022 vs. Q1 2023: Top Hedge Fund Movements to Watch

The fourth quarter of 2022 and the first quarter of 2023 were busy periods for hedge fund investors. In this report, we will analyze the changes in holdings of Wright Investors Service Inc to determine potential market trends. This data will reveal the stocks that have been bought and sold in the quarter, and compare their values for an in-depth analysis.

First, let's define Wright Investors Service Inc for clarity. The firm is a registered investment advisor, widely known for its Tactical Asset Allocation strategy and risk management services. They provide various investment products and market research solutions for institutional clients, including mutual funds and separately managed accounts.

Now, let's dive into the data and see what has changed in the Wright Investors Service Inc portfolio between Q4 2022 and Q1 2023.

Top Gainers

The top ten holdings of Wright Investors Service Inc increased significantly in value during the first quarter of 2023. Among these, Microsoft Corporation (MSFT), Apple Inc (AAPL), Comcast Corporation (CMCSA), and Amazon.com, Inc. (AMZN) were the top gainers. These companies saw their stocks rise by 18.1%, 19.5%, 17.5%, and 19.4%, respectively.

Meta Platforms Inc (META), the company formerly known as Facebook, also saw a considerable gain in value of 101.8%. The increase in value suggests that Wright Investors Service Inc is bullish on the technology sector, and these stocks could remain a focus of the company.

Top Losers

Wright Investors Service Inc sold shares of several top companies during Q1 2023, resulting in a decrease in the value of their holdings. Home Depot Inc (HD) was the biggest loser of the quarter, seeing its shares drop by 29.7%. Other significant losers included Altria Group Inc (MO), Citigroup Inc (C), and PNC Financial Services Group Inc (PNC). These companies saw their stocks fall by 25.3%, 4.3%, and 20%, respectively.

Changes in Portfolio Composition

Wright Investors Service Inc made several changes to its portfolio composition during the first quarter of 2023. The company increased its holdings in United Parcel Service, Inc. (UPS), Travel + Leisure Co. (TNL), and Applied Materials, Inc. (AMAT) by 9%, 8.8%, and 18%, respectively. They also added a new position in Delta Air Lines, Inc. (DAL), and invested $1,621,000 in the company.

On the other hand, Wright Investors Service Inc decreased its holdings in PNC Financial Services Group, Inc. (PNC), and Morgan Stanley (MS) by 20% and 15.8%, respectively. The company also completely sold its holdings in Southern Co. (SO), exchanging $1,783,000 worth of shares.

Conclusion

Overall, Wright Investors Service Inc made some significant changes to its portfolio during the first quarter of 2023. While some stocks saw a significant decrease in value, others experienced even more significant gains. This suggests that the company is optimistic about some industry sectors, such as technology, but remains cautious about others, like finance and real estate.

Investors looking to follow the portfolio of Wright Investors Service Inc should pay close attention to the stocks that have seen the most significant changes in value. By analyzing the portfolio changes, investors can gain a better understanding of market trends and potential future movements, and adjust their investments accordingly.