Legacy Wealth Management's Fund Holds Strong in Q1 2023: A Look at the Latest 13F Holdings

Legacy Wealth Management, Inc., a leading wealth management firm, has recently released its 13F filings for the first quarter of 2023. The report shows that the company has made some significant changes to its holdings in comparison to the previous quarter, but overall, it's a strong and steady performance.

In this article, we'll take a closer look at Legacy Wealth Management's latest holdings and see what changes have been made to its positions.

Before diving into the details, let's go over what a 13F filing is and what it represents. A 13F filing is a report that must be submitted to the Securities and Exchange Commission (SEC) by any institutional investment manager that manages over $100 million in assets. The report contains a list of all the holdings that the investment manager held at the end of the quarter, including stocks, bonds, options, and other securities.

Based on the latest 13F filing, the top five holdings of the Legacy Wealth Management fund are Schwab Strategic TR, ISHARES TR, J P Morgan Exchange Traded F, Hartford FDS Exchange Traded, and Vanguard Index FDS. The report shows an increase in the number of shares held for most of these positions, with the largest increase being seen in J P Morgan Exchange Traded F, which saw an increase of 189.2%.

Let's take a closer look at some of the major changes that took place in Legacy Wealth Management's portfolio during this period.

Schwab Strategic TR:

Legacy Wealth Management's top holding, Schwab Strategic TR, saw an increase of approximately 322,616 shares between Q4 2022 and Q1 2023. The total value of the holding increased from $30,865,600 to $34,351,213, representing an 11.3% increase.

ISHARES TR:

IShares TR, which was the second-largest holding of Legacy Wealth Management, saw a slight decrease in the number of shares held, with the total number of shares decreasing by approximately 8,550 shares. However, the value of the holding increased from $173,319,240 to $183,503,928, representing a 5.9% increase.

J P Morgan Exchange Traded F:

J P Morgan Exchange Traded F saw the largest increase in the number of shares held by Legacy Wealth Management between Q4 2022 and Q1 2023, with an increase of approximately 1,562,794 shares. The total value of the holding increased from $178,490,820 to $179,846,668, representing a 0.8% increase.

Hartford FDS Exchange Traded:

Legacy Wealth Management increased its holding of Hartford FDS Exchange Traded by approximately 20,454 shares, bringing the total number of shares held to 404,133. The total value of the holding increased from $14,410,560 to $15,439,247, representing a 7.1% increase.

Vanguard Index FDS:

Lastly, the holding of Vanguard Index FDS saw an increase of approximately 280 shares between Q4 2022 and Q1 2023. The total value of the holding increased from $5,106,360 to $5,509,440, representing a 7.9% increase.

In summary, Legacy Wealth Management made some significant changes to its holdings during Q1 2023, with the largest increase in the number of shares held seen in J P Morgan Exchange Traded F. Overall, the fund's portfolio remains strong and continues to deliver good returns for its investors.