Brookstone Capital Management Q1 2023 vs. Q2 2023 13F Holdings Comparison
Ava Hoppe | 18 July, 2023
In the ever-evolving world of finance, keeping tabs on changing market trends and investment strategies is crucial for investors and fund managers alike. One way to gain insight into the activities of institutional investors is through the filing of Form 13F, a quarterly report that showcases the holdings of these investors. This article will explore the Q1 2023 vs. Q2 2023 13F holdings comparison for Brookstone Capital Management, shedding light on the changes in their portfolio during this period.
During Q1 2023, Brookstone Capital Management held a total of 49 securities, with a total value of $1,079,453, while in Q2 2023, their holdings increased to 55 securities with a total value of $1,323,420. This increase in the number of securities held by Brookstone Capital Management demonstrates their continued efforts to diversify their portfolio and explore new investment opportunities.
One notable change in holdings during this period is the increase in shares of the SPDR S&P 500 ETF Trust (SPY), from 384,803 shares in Q1 2023 to 402,565 shares in Q2 2023. This increase of 10.8% suggests that Brookstone Capital Management has a positive outlook on the performance of this ETF and believes that it will continue to generate favorable returns.
Another significant change in holdings is seen in the Invesco QQQ Trust (QQQ), where the number of shares held by Brookstone Capital Management increased from 274,781 in Q1 2023 to 337,582 in Q2 2023, a substantial growth of 41.1%. This shift indicates a bullish stance on the tech-heavy Nasdaq 100 index, of which QQQ is a popular exchange-traded fund.
Interestingly, there was a notable decrease in shares of the iShares Trust - Core MSCI EAFE ETF (IEFA) during this period. In Q1 2023, Brookstone Capital Management held 1,594,789 shares of IEFA, but by Q2 2023, this number decreased to 1,343,297 shares. This reduction of 15.8% suggests a change in strategy or a reallocation of funds from international equities to other investment opportunities.
Furthermore, Brookstone Capital Management decreased its holdings in Apple Inc. (AAPL) during this period. In Q1 2023, the fund held 444,117 shares of Apple, but by Q2 2023, this number decreased to 463,100 shares. Despite this decrease, the value of their holdings increased from $73,381,000 in Q1 to $88,303,000 in Q2, representing a growth of 20.3%. This indicates that the increase in Apple's stock price outweighed the reduction in the number of shares held.
In Q2 2023, Brookstone Capital Management also increased its holdings in NVIDIA Corporation (NVDA), a leading semiconductor company. The number of shares held by the fund grew from 57,110 in Q1 to 58,880 in Q2, reflecting a positive sentiment towards the future prospects of NVDA.
These are just a few examples of the changes in holdings during the Q1 2023 vs. Q2 2023 period for Brookstone Capital Management. Analyzing these changes in 13F filings can provide valuable insights into the investment strategies and sentiments of institutional investors. It is important to note that these changes in holdings are subject to various factors such as market conditions, fund goals, and investor preferences.
As always, investors should conduct their own thorough research and consult with financial professionals before making any investment decisions. The information in this article provides an overview of the changes in holdings for Brookstone Capital Management but should not be seen as financial advice or a recommendation to buy or sell any securities.
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