AEGON ASSET MANAGEMENT UK Plc Q4 2022 vs. Q1 2023: Analyzing Top Holdings Changes

---

AEGON Asset Management UK Plc's recently released 13F filings reveal the fund's top holdings as of Q4 2022 and Q1 2023. An analysis of their latest report shows a significant shift in the fund's top holdings. During this period, the fund increased its holdings in some big tech companies while reducing holdings in other industries. In this blog post, we will delve into the top holdings changes and what it could mean for investors.

Firstly, let's consider the top three companies in the fund's portfolio, i.e., Microsoft, Apple, and Nvidia. In Q4 2022, Microsoft's stock held by AEGON Asset Management UK Plc stood at 1.95 million shares, a figure that dropped to 1.94 million shares by Q1 2023, a 19.2% change. Around the same period, Apple saw its stock holdings drop from 2.90 million to 2.84 million shares, marking a 24% decline. Nvidia, on the other hand, experienced a 83.6% spike in stock holdings from 726,064 shares in Q4 2022 to 701,426 shares in Q1 2023. The increase in Nvidia holdings could indicate the company's recent positive earnings report, indicating high potential for growth in the future.

Broadcom's stock saw a surge in stock holdings from 262,198 shares to 285,801 shares, a 25% increase, making it the fourth biggest holding in Fund Q1 2023. Alphabet, the parent company of Google, saw increases in its Q1 2023 stock holdings from 1.42 million to 1.43 million shares, marking a 17.6% change. Similarly, Amazon's stock holdings surged by 29.1% from 1.35 million to 1.42 million shares.

On the flip side, some companies experienced declining stock holdings. For instance, AEGON Asset Management UK Plc reduced its holdings in Merck by 12.9% and Pfizer by 31.6%, dropping from 1.25 million to 1.14 million shares and 2.50 million to 2.15 million shares, respectively. The drop in the healthcare industry's investment may suggest a change in the fund's strategy or an anticipated slowdown in the industry.

In summary, the top holdings changes in AEGON Asset Management UK Plc's Q4 2022 vs. Q1 2023 13F filings exhibit the fund's shift towards investing more in the tech sector. While some of the top holding companies saw a rise in stock holdings, others saw a decline. Ultimately, AEGON Asset Management's change in investment emphasizes the importance of diversification, and investors should keep it in mind when considering investing in individual companies.