A Look at Curbstone Financial's Q3 vs. Q4 2022 Holdings: Winners, Losers, and Surprises
Ava Hoppe | 23 April, 2023
Curbstone Financial Management Corp has released its Q3 vs. Q4 2022 13F Holdings Comparison, detailing the fund's changes in holdings over the past quarter. The report reveals several winners, losers, and surprises, indicating the fund's shifting priorities and strategies. Let's take a closer look at some of the key findings.
Winners:
1. Schwab International Equity ETF (SCHF)
The fund increased its holdings in SCHF by 2,110 shares, or 0.6%, indicating bullish sentiment towards international equities. The value of the investment also rose by 13.9%, suggesting a positive outlook for the global economy.
2. Schwab US Dividend Equity ETF (SCHD)
Curbstone Financial added 4,010 shares of SCHD, or 5.3%, indicating a bullish outlook on US equities with strong dividend yields. The value of the investment increased by 19.8%, highlighting the fund's interest in income-generating assets.
3. Target Corporation (TGT)
The fund reduced its holdings in TGT by 1,532 shares, or 11.2%, which seems counterintuitive given the current bullish sentiment towards consumer discretionary stocks. However, the value of the investment also decreased by 10.9%, suggesting the fund may have taken profits on this position.
Losers:
1. iShares National Muni Bond ETF (MUB)
Curbstone Financial reduced its holdings in MUB by 41,450 shares, or 42.5%, indicating a bearish outlook on municipal bonds. The value of the investment also decreased by 40.9%, highlighting the fund's concerns over this asset class's performance.
2. Amazon.com Inc. (AMZN)
The fund reduced its holdings in AMZN by 1,660 shares, or 3.9%, despite the bullish outlook on technology stocks. The value of the investment also decreased by 22.5%, suggesting that the fund took profits on this position, given the stock's recent gains.
3. iShares S&P US Preferred Stock ETF (PFF)
Curbstone Financial reduced its holdings in PFF by 11,130 shares, or 7.5%, indicating a bearish outlook on preferred stocks. The value of the investment also decreased by 10.9%, highlighting the fund's concerns over the performance of this asset class.
Surprises:
1. Kohlberg Kravis & Co. (KKR)
The fund added 248 shares of KKR, or 0.5%, despite the recent volatility in the financial sector. The value of the investment also increased by 8.5%, indicating a positive outlook on this private equity firm's prospects.
2. Exxon Mobil Corporation (XOM)
The fund reduced its holdings in XOM by 4,518 shares, or 8.9%, despite the recent bullish sentiment towards energy stocks. However, the value of the investment increased by 15%, suggesting that the fund may have sold XOM at a profit.
3. Ulta Beauty Inc. (ULTA)
The fund added 50 shares of ULTA, or 1.2%, despite the current uncertainty surrounding the retail sector. The value of the investment also increased by 15.5%, indicating that the fund may be betting on ULTA's growth prospects.
In conclusion, Curbstone Financial's Q3 vs. Q4 2022 13F Holdings Comparison reveals some interesting changes in the fund's holdings, with winners, losers, and surprises. While some of these shifts reflect the wider market sentiment, others suggest that the fund is actively seeking out investment opportunities in specific sectors or asset classes. As always, investors are advised to do their due diligence before making any investment decisions.
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