Analyzing Rice Partnership, LLC's Q4 2022 vs. Q1 2023 13F Holdings: Changes, Trends, and Insights

Investment firms are continuously managing and adjusting their portfolios in response to market conditions and company performance. Keeping track of these changes is crucial in understanding an investment firm's strategies and getting insights into the market. In this article, we'll analyze Rice Partnership, LLC's Q4 2022 vs. Q1 2023 13F holdings and highlight the significant changes, trends, and insights.

First, a quick overview of 13F filings: The U.S. Securities and Exchange Commission (SEC) mandates that any investment manager holding more than $100 million in assets under management must file a quarterly form 13F disclosing their holdings. 13F filings provide valuable information for investors that want to monitor an investment firm's investment strategies.

Rice Partnership, LLC is a Texas-based investment management service that primarily offers its services to pooled investment vehicles. According to the recently filed 13F, the company's total portfolio value increased from $448,771'000 in Q4 2022 to $456,673'000 in Q1 2023, representing a 1.76% increase. Let's now delve deeper into the portfolio changes and trends.

Company Performance and Portfolio Changes

According to the 13F filings, Rice Partnership made notable moves in many of its holdings. One of the most significant holdings, Apple Inc (AAPL), barely changed in share numbers, with just a -0.39% decrease. However, the Q4 2022 shares value rose from $26,520,000 to $33,527,000 in Q1 2023, representing a 26.4% increase.

Microsoft Corporation (MSFT), another heavyweight tech stock, barely moved, with a -0.7% reduction in shares. On the flip side, the value of shares increased from $16,800,000 in Q4 2022 to $20,055,000 in Q1 2023, representing a 19.4% increase.

Interestingly, in the healthcare sector, Rice Partnership's position in Johnson & Johnson (JNJ) saw a significant cut, with a massive -47.9% reduction in shares. The shares' value also declined from $8,663,000 in Q4 2022 to $4,201,000 in Q1 2023, representing a -51.5% decrease.

Among Rice Partnership's acquisitions is Danaher Corporation (DHR), which skyrocketed in share numbers from 17,188 in Q4 2022 to 32,376 in Q1 2023, representing an increase of 78.9%. The shares' value rose from $4,562,000 to $8,160,000, reflecting a significant increase of 78.9%. Fortinet, Inc. (FTNT) also saw considerable interest, with a 31.3% increase in shares and a value increase from $2,589,000 in Q4 2022 to $3,399,000 in Q1 2023.

The Reallocation Trends

A closer look at the sector allocation shows that Rice Partnership's largest investment is in the Information technology sector, taking up 51.03% of its holdings, up from 47.48% in Q4 2022. The second-largest allocation is in the Financials sector, which increased from 13.97% in Q4 2022 to 14.11% in Q1 2023. Healthcare, Consumer Discretionary, and Materials sectors lag after the IT and Financial sectors, with 8.34%, 6.34%, and 6.28%, respectively. Overall, the latest 13F's changes suggest a potential shift towards the Information technology, Energy, and Consumer Discretionary sectors while reducing exposure to Healthcare and Financial sectors.

Insights and Takeaways

The 13F filing shows that Rice Partnership had an active Q1 2023. The 1.76% increase in the fund's value indicates favorable investment returns during the quarter. Rice Partnership notably increased its holding in IT and Energy while decreasing exposure to Healthcare and Financials, providing valuable insights to investors on the fund management's outlook.

Although it's essential to keep track of an investment firm's filings, it's crucial to note that these 13F filings only reflect a snapshot of an investment firm's holdings at a particular time. Additionally, these filings come out about 45 days after the end of the previous quarter, making them not entirely reflective of an investment firm's current position. Nonetheless, 13F filings remain useful tools for investors looking for insights into top investment firm's strategies and changes.