Benchmark Financial Wealth Advisors, LLC Q4 2022 vs Q1 2023: A Tale of Changing Holdings

The end of 2022 brought about some significant changes in the holdings of Benchmark Financial Wealth Advisors, LLC. While some of the funds remained steady, others saw major fluctuations. In this blog post, we will analyze these changes and what they might mean for investors.

Introduction

Benchmark Financial Wealth Advisors, LLC disclosed its quarterly report of their investment holdings, also known as the 13F filings, on February 10th. This report discloses the company's equity and options holdings, as of December 31, 2022. Among the many noteworthy changes, in this report, the decrease in holdings of Vanguard Index Funds, along with an increase in holdings of Legg Mason ETF Investment and Schwab Strategic Trust, was prominently featured.

Main Body

One of the most significant changes seen was a reduction in the shares held of Vanguard Index Funds (VTI). The report states that the number of shares held by Benchmark Financial Wealth Advisors decreased by 8,483 from Q4 2022 to Q1 2023, bringing the total shares held to 123,356. This drop reflects a decrease of 0.1% of shares held. The value of the shares held also decreased marginally from $25,206 million to $25,176 million. While the reduction in shares may not be drastic, it indicates a divergence from previous investment patterns.

On the other hand, the number of shares held by Benchmark Financial Wealth Advisors in Legg Mason ETF Investment (LVHD) increased from 0 in Q4 2022 to 671,259 shares in Q1 2023. This move indicates that Benchmark Financial Wealth Advisors is taking a different investment direction after decreasing holdings in Vanguard Index Funds. This change, coupled with the substantial drop in Nobl, a Proshares Trust ETF, and an increase in holdings in Schwab Strategic Trust (SCHF), which saw a significant spike, significantly shifts Benchmark Financial Wealth Advisors' investment direction.

The report also revealed that Ishares TR (ITOT) saw marginal growth in Q1 2023, with a 7.9% increase in the number of shares held. This change saw the total value of Ishares TR holdings increase from $16,374 million in Q4 2022 to $17,672 million in Q1 2023. Another increase was that of SPDR S&P 500 ETF Trust (SPY), with an increase in shares held from 27,317 in Q4 2022 to 35,893 shares in Q1 2023. This increase reflects a rise of 40.7% in the value of shares held from $10,446 million to $14,694 million.

Conclusion

Changes in Benchmark Financial Wealth Advisors, LLC's holdings reveal a shift in investment patterns. While some beneficiaries have seen increased holdings, others have seen a decrease in holdings, indicating a different investment direction. While it remains to be seen whether this shift brings any long-term benefits to investors, the changes reflect a willingness to move in different investment directions. As such, investors should remain vigilant to see if these changes lead to increased portfolio returns.