Carnegie Capital's Q4 2022 vs. Q1 2023: A Look at the Latest Holdings Trends

As an investor, keeping an eye on changes in the holdings of your chosen funds is a critical aspect of managing your portfolio. The latest filing from Carnegie Capital Asset Management, LLC reveals some interesting trends for Q4 2022 vs. Q1 2023. In this article, we’ll go over the key changes in Carnegie Capital’s 13F holdings and discuss what they might mean for investors.

Introduction

Carnegie Capital Asset Management, LLC is one of the leading investment management firms in the US, with over $5 billion in assets under management. It specializes in providing institutional-style portfolio management services to high-net-worth individuals and institutions. As of Q1 2023, the firm reported 50 total holdings, and the overall value of its portfolio was $5.18 billion.

Overview of Carnegie Capital's 13F Holdings

Among Carnegie Capital’s top holdings was Apple Inc. (AAPL), with 709,073 shares worth $116,925,000. Microsoft Corp (MSFT) was close behind with 284,206 shares worth $81,936,000. Berkshire Hathaway Inc (BRK-B) held up well, with 177,985 shares worth $54,956,000. Interestingly, while Carnegie Capital decreased its holdings in some major companies such as S&P 500 ETF Trust (SPY) and Johnson & Johnson (JNJ), it increased its stakes in NVIDIA Corporation (NVDA), Otis Worldwide Corp (OTIS), and GXO Logistics Incorporated (GXO).

Changes in Foreign Holdings

Carnegie Capital also made some significant changes to its foreign holdings. The firm increased its stake in Novo Nordisk AS (NVO) by 25.6%, with 89,013 shares worth $14,165,000, and its position in Chinese tech giant Meta Platforms Inc. (META) increased by an astonishing 70.2%, with 99,185 shares worth $21,021,000. Despite the recent regulatory crackdown on tech giants in China, Carnegie Capital seems confident in the potential of these two companies.

Conclusion

In conclusion, Carnegie Capital Asset Management, LLC is one of the most prominent and well-respected investment firms in the US, and its latest 13F filing is a testament to its expertise in managing portfolios. While the overall value of its portfolio decreased by 1% in Q1 2023, the firm made some shrewd moves by increasing its stakes in promising companies, such as NVIDIA Corporation and Otis Worldwide Corp, and repositioning its holdings in response to changes in market conditions. If you're looking for a portfolio manager, working with a firm like Carnegie Capital could be an excellent option, especially given their experience and skill in choosing investments that can withstand market volatility.