Destination Wealth Management's Q3 and Q4 2022 13F Holdings: A Look at the Changes
Ava Hoppe | 23 April, 2023
As the year-end approaches, many experts look to the 13F filings of major wealth management firms to determine the changes in holdings for the last quarter of the year. Destination Wealth Management, a registered investment advisor based in California, recently filed their Q3 and Q4 2022 13F holdings, revealing noteworthy changes in their portfolio.
In this blog post, we will take a closer look at the changes in the holdings of Destination Wealth Management, analyzing the changes in shares and value of some of their top holdings. Let's explore further.
Main Body:
Among Destination Wealth Management's top holdings, Apple Inc.(AAPL) saw a decrease of 8.5% in shares from Q3 to Q4, while Johnson & Johnson (JNJ) saw a 6% increase in shares during the same period. Other tech giants like Microsoft (MSFT) saw minimal changes, with only 0.3% difference in shares between Q3 and Q4.
In contrast, Vanguard Index FDS' VUG saw a small decrease of 0.5% in shares from Q3 to Q4, while Invesco Exchange Traded FD (RYT) saw a 7.3% increase in shares during the same period. Interestingly, Q4 saw Schwab Strategic TR (SCHX) shares go up by a massive 161.7% compared to Q3, indicating a bullish stance by Destination Wealth Management towards the company.
Another notable change is the decrease in the value of Amazon.com's (AMZN) shares by 32.4% from Q3 to Q4, while Visa Inc. (V) saw an increase of 15.3% during the same period. Waste Management Inc. (WM) had a 4.4% decrease in shares, while Procter and Gamble Co. (PG) saw a value increase of 19.1% in their shares.
In the bond holdings, iShares TR's AGG had a 14.4% decrease in shares from Q3 to Q4, while iShares TR's IGSB saw a decrease of 14.3%. iShares TR's IUSB had a 15.9% decrease in shares during the same period.
Conclusion:
Destination Wealth Management's Q3 and Q4 2022 13F holdings reveal some noteworthy changes taking place in their portfolio. The California-based investment advisor's bullish stance on SCHX and JNJ, alongside increased holdings in RYT, marks a clear shift in strategy that could prove beneficial in the long run.
Meanwhile, the decrease in shares of companies like AAPL and WM shows a willingness to diversify their portfolio and avoid risk exposure. Experts will continue to carefully monitor wealth management firms' 13F filings, looking out for future developments and changes to their holdings.
Other Posts
- Exploring Strategic Growth: The Impact of Portfolio Add-Ons by The Stephens Group
- Navigating the Finance Frontier: A Deep Dive into Recent Fund Holdings Shifts
- Unveiling the Dynamics: Lincoln Capital Corp's Investment Strategy Shifts from Q4 2023 to Q1 2024
- Montage Partners Expands with New Salt Lake City Office: Accelerating Growth and Building Relationships
- Black Bay Energy Capital Expands its Portfolio with Acquisition of Merichem Technologies
- Investment Firm BlueMar Capital Management's Q3-Q4 2022 13F Holdings Comparison
- Kovack Advisors' Q4 2022 vs. Q1 2023 13F Holdings: Apple and NVIDIA Shares Soar
- Navigating Market Tides: A Deep Dive into BCM Advisors' Investment Shifts from Late 2023 to Early 2024
- Navigating the Future of Electrification: SEAM Group's Strategic Acquisition by ABB
- Riding the Wave of Change: Cowen Prime Services LLC Q1 2021 vs. Q2 2021 13F Holdings