Breaking Down Waldron Private Wealth LLC's Q3 2022 versus Q4 2022 Portfolio Shifts

As the year 2022 comes to a close, it's time to take a closer look at how Waldron Private Wealth LLC has fared with their portfolio. The 13F filings as of Q3 2022 and Q4 2022 have been released, and we can dive into the details of the holdings. In this article, we'll be analyzing the changes in holdings and discussing the possible reasons behind them.

The overall portfolio has remained largely unchanged, with the same top holdings still comprising the bulk of the assets under management. The top holdings, in order by size, are iShares Russell 1000 Growth ETF, Vanguard Value ETF, and iShares Russell 1000 Value ETF.

However, there are some notable changes in the portfolio that bear analysis. One striking trend is the increase in the number of shares held in several of the ETFs. For example, the number of shares held in Vanguard Tax-Exempt Bond ETF and Vanguard FTSE Emerging Markets ETF has gone up, indicating increased bullishness on these markets.

Another notable change is the decrease in the number of shares held in the iShares Global Infrastructure ETF. This could be attributed to the potential impact of inflation on infrastructure investments, especially considering the rising commodity prices that have been observed this year.

The switch to more value-oriented stocks is another trend that stands out in the Q4 2022 holdings. Several of the top holdings are in value ETFs, such as the Vanguard Russell 1000 Value ETF and the Vanguard Small Cap Value ETF. This could indicate that the fund managers anticipate a shift in market sentiment towards value stocks.

Additionally, the large-cap technology stocks have lost their previous dominance in the portfolio. The Technology Select Sector SPDR Fund and the Alphabet Inc Cap Stk Cl A and C shares have seen a decrease in the number of shares held.

Overall, it appears that the fund managers at Waldron Private Wealth LLC have been making some strategic changes to their portfolio during Q4 2022. While the bulk of the assets remain unchanged, there are some notable shifts that could provide valuable insights to other investors on the market trends and shifts in sentiment.

In conclusion, analyzing the Waldron Private Wealth LLC's Q3 2022 versus Q4 2022 holdings has revealed some interesting trends, especially the increased bullishness on emerging markets and the shift towards value-oriented stocks. It will be interesting to see how these changes play out in the coming months and whether they prove successful in generating returns.