2022 Q3 vs Q4: Sheets Smith Wealth Management's 13F Holdings Analysis

Sheets Smith Wealth Management recently filed their Form 13F for the third and fourth quarters of 2022. A 13F is a publicly filed form with the U.S. Securities and Exchange Commission (SEC) that registered investment advisers with over $100 million of assets under management must file quarterly. The form requires investment advisers to disclose their holdings of equity securities that are publicly traded in the United States.

In this blog post, we'll take a comprehensive look at Sheets Smith Wealth Management's 13F holdings for Q3 and Q4 of 2022. We'll also examine the stocks that saw significant changes in value or volume between the two quarters.

Overall Holdings Comparison

In the third quarter of 2022, Sheets Smith Wealth Management held a total of 31 stocks in their portfolio. The total value of their holdings was $265,267,000, with an average market value of $8,557,575. In the fourth quarter, they held a slightly higher number of stocks, with 32 in their portfolio. The total value of their holdings also increased to $270,600,000, with an average market value of $8,456,250.

Top Holdings

The top holding for Sheets Smith Wealth Management in both Q3 and Q4 was Coca-Cola (KO). They held 331,986 shares in KO in both quarters, with the market value increasing from $18,598,000 in Q3 to $21,117,000 in Q4.

The second-largest holding in Q3 for Sheets Smith Wealth Management was the iShares Trust (SUB), with 260,931 shares and a market value of $26,787,000. In Q4, they continued to hold the same number of shares of SUB, but the stock's value increased to $27,243,000.

The third-largest holding in both quarters was the Schwab Strategic Trust (SCHX), with 292,879 shares and a market value of $12,403,000 in Q3 and 305,132 shares with a market value of $13,776,000 in Q4.

Major Changes

One of the most notable changes in holdings for Sheets Smith Wealth Management was their investment in ImmunityBio Inc. (IBRX). In Q3, they held 207,926 shares with a market value of $1,033,000. In Q4, that number skyrocketed to 1,544,048 shares, with a market value of $7,828,000.

Another significant change in holdings was their investment in Exxon Mobil Corp. (XOM). In Q3, they held 61,618 shares with a market value of $5,380,000. In Q4, they increased their holdings to 112,999 shares, with a market value of $12,463,000.

Sheets Smith Wealth Management's holdings in Amazon.com Inc. (AMZN) saw the largest decrease in market value. In Q3, they held 94,111 shares with a market value of $10,635,000. In Q4, they decreased their holdings to 74,111 shares, with a market value of $6,225,000.

Conclusion

In conclusion, Sheets Smith Wealth Management's Form 13F filings for Q3 and Q4 of 2022 provide valuable insights into their investment strategies. While they held a slightly higher number of stocks in Q4, their top holdings remained consistent. However, their major investment in ImmunityBio Inc. and increased investment in Exxon Mobil Corp. indicate a shift in their investment focus.

It's important to note that 13F filings only provide a snapshot of a firm's holdings at a specific point in time. These filings also have limitations, as investment advisers are not required to disclose all their holdings. Nonetheless, analyzing these filings can provide valuable insights for investors looking to gain an understanding of a firm's investment strategies.