Investment Insights: Miller Investment Management's Q3 vs Q4 2022 13F Holdings Comparison

Miller Investment Management, LP is a renowned investment firm that offers discretionary investment management services to its clients. One of the ways the firm displays its commitments to its clients is by releasing its 13F filings regularly. These filings serve as a portfolio update that shows the current holdings of the firm.

This article will provide an in-depth comparison of Miller Investment Management's Q3 vs Q4 2022 13F holdings. We will look at the percentage change in the number of shares held and market value, as well as the notable trades made in the period. Let's dive in!

SPDR S&P 500 ETF TR (SPY)

Shares Q3: 327,089

Shares Q4: 319,659

Value Q3: $116,830,000

Value Q4: $122,247,000

Chg %: 4.6%

Miller Investment Management reduced its holdings in SPY, a well-diversified index fund that tracks the S&P 500. The firm's holdings in SPY decreased by 7,430 shares or 4.6% between Q3 and Q4 2022.

ISHARES TR (EFA)

Shares Q3: 6,640

Shares Q4: 773,060

Value Q3: $372,000

Value Q4: $50,743,000

Chg %: 13,540.80%

Miller Investment Management had a significant increase in its holdings in EFA, an exchange-traded fund that tracks the MSCI EAFE Index. The firm increased its position by 766,420 shares or 13,540.80% between Q3 and Q4 2022.

BERKSHIRE HATHAWAY INC DEL (BRK-B)

Shares Q3: 144,597

Shares Q4: 144,993

Value Q3: $38,610,000

Value Q4: $44,788,000

Chg %: 16.00%

Miller Investment Management slightly increased its holdings in BRK-B, a multinational conglomerate holding company led by Warren Buffet. The firm's holdings in BRK-B increased by 396 shares or 0.27% between Q3 and Q4 2022.

SELECT SECTOR SPDR TR-HEALTH CARE (XLV)

Shares Q3: 122,645

Shares Q4: 117,881

Value Q3: $14,854,000

Value Q4: $16,014,000

Chg %: 7.82%

Miller Investment Management increased its holdings in XLV, an exchange-traded fund that tracks the healthcare sector of the S&P 500. The firm added 4,764 shares or 3.88% to its holdings between Q3 and Q4 2022.

JOHNSON AND JOHNSON (JNJ)

Shares Q3: 22,463

Shares Q4: 22,463

Value Q3: $3,670,000

Value Q4: $3,968,000

Chg %: 8.1%

Miller Investment Management maintained its position in JNJ, a multinational corporation that produces medical devices, pharmaceutical, and consumer goods. The firm did not change its holdings in JNJ between Q3 and Q4 2022.

Conclusion

Miller Investment Management's Q3 vs Q4 2022 13F filings showed a mix of increased, decreased, and maintained positions. The firm reduced its holdings in SPY, maintained its position in JNJ, and increased its stake in EFA, XLV, and BRK-B. These changes might be due to various market factors and strategies.

It is essential to note that 13F filings are subject to limitations, and they do not disclose the full picture of the firm's portfolio. However, it provides insightful information that can guide investors in making an informed decision. Investors should conduct their due diligence before making any investment decision.