Dividend-Focused Portfolio: Comparing Leonard Rickey Investment Advisors' Q4 2022 vs. Q1 2023 Holdings

Investors who rely on dividend income might have been curious to see how the portfolio of Leonard Rickey Investment Advisors P.L.L.C. fared in Q4 of 2022 and Q1 of 2023. Based on the same 13F filing for both quarters, we analyzed the changes in holdings and the overall movement of this dividend-focused portfolio.

In the fourth quarter of 2022, the top five holdings of the portfolio were VTIP by Vanguard Malvern FDS, VEU by Vanguard Intl Equity Index F, IJH by iShares, VTI by Vanguard Index FDS, and USMV by iShares. Those five stocks accounted for 40% of the overall value of the portfolio. By the end of Q1 2023, the weight of those five holdings had decreased, only accounting for 35% of its total value. The stocks that increased the most were IAU by iShares Gold Tr and VTIP by Vanguard Malvern FDS. In Q1 2023, those two holdings represented 5.2% of the total value of the portfolio, whereas in Q4 2022, they only held 3.6% of it.

Looking at the overall value of the positions, more positions increased in value compared to those that decreased. The changes ranged from -35.7% to 2144.9% for Enbridge Inc and iShares Gold Tr, respectively. Some of the other notable large changes were seen with ITOT by iShares, decreasing by 2.5%, while VTV by Vanguard Index FDS decreased by 4.6%. On the other hand, META Platforms Inc skyrocketed by 75.8%, followed by IAU by iShares Gold Tr, which increased by 2144.9%. Amazon.com Inc also showed significant growth of 23.7 percent.

Some of the other stocks that saw minor changes were PACCAR INC, which increased by 10.7%, and John Deere & Co and Berkshire Hathaway Inc Del, which increased by 3.3% and 1.8%, respectively. Notably, stocks like Procter and Gamble Co and Pfizer Inc decreased to 0%, indicating that these positions were completely liquidated.

Overall, the changes in the portfolio are understood to be relatively consistent with a dividend-focused strategy. Stocks with higher dividend yields, such as Vanguard Malvern FDS and iShares Gold Tr, showed an increase in holdings during the period. Meanwhile, companies with lower yields were either held steady, reduced, or liquidated. It will be interesting to see how the holdings continue to evolve in the future.