Investment Company Q4 2022 vs. Q1 2023: A Comparison of Fund Holdings

As the investment world shifts and changes, it's important to keep track of the movement of funds and where they are invested. One way to do this is by looking at the quarterly 13F filings of top investment companies, which disclose their holdings of publicly traded securities.

Roble, Belko & Company, Inc is one such investment company, and their Q4 2022 and Q1 2023 13F filings have recently been released. Let's take a closer look at the changes in their holdings from one quarter to the next.

First, it's important to note that Roble, Belko & Company, Inc retains a primarily Vanguard-heavy portfolio, with over 50% of their holdings allocated to Vanguard index funds and ETFs. In Q4 2022, their largest holding was VTI (Vanguard Index Funds), with 354,250 shares valued at $67,729,000. However, in Q1 2023, they reduced their holdings slightly to 345,023 shares valued at $70,419,000, representing a 4% increase in value.

The second-largest holding in Q4 2022 was VXUS (Vanguard Star Funds), with 596,534 shares valued at $30,853,000. While their overall holdings of VXUS decreased slightly in Q1 2023 to 594,209 shares, the total value increased by 6.3% to $32,806,000.

One of the biggest movers in Roble, Belko & Company, Inc's portfolio was ICSH (iShares TR). In Q4 2022, they held 199,507 shares valued at $9,983,000, but in Q1 2023, their holdings skyrocketed to 385,225 shares valued at $19,358,000, representing an increase of 93.9% in both shares and value.

On the other hand, they reduced their holdings of SDY (SPDR Ser TR) in Q1 2023, holding 148,164 shares valued at $18,329,000, a 6.9% decrease from Q4 2022 when they held 157,383 shares. Similarly, VYM (Vanguard Whitehall FDS), their seventh-largest holding in Q4 2022, saw a decrease in both shares and value in Q1 2023.

While some of Roble, Belko & Company, Inc's holdings saw a decrease in value from Q4 2022 to Q1 2023, others saw significant gains. ICSH and USRT (iShares TR) were the two biggest gainers, both increasing in share value by 69.7% and 20.7%, respectively.

Overall, it's clear that Roble, Belko & Company, Inc's portfolio is constantly evolving, with some holdings seeing significant increases in value while others decrease. While it's important to keep an eye on changes in individual holdings, it's also essential to understand the bigger picture of the overall market trends that are driving these changes. Only by understanding both can investors make informed decisions about their own portfolios.