Leonard Rickey Investment Advisors P.L.L.C. Q2 2023 vs. Q3 2023 13F Holdings Comparison

Leonard Rickey Investment Advisors P.L.L.C., a renowned investment firm, recently released its 13F holdings comparison report for Q2 2023 and Q3 2023. This report highlights the changes in the firm's holdings during this period. In this article, we will delve into the key findings from the report and analyze the implications of these changes.

During Q2 2023, Leonard Rickey Investment Advisors P.L.L.C. held a substantial number of shares in various companies across different sectors. However, when comparing their holdings to Q3 2023, we notice some interesting trends and adjustments. Let's take a closer look at the significant changes in their portfolio.

One of the most noteworthy changes occurred in the holdings of VEU, the Vanguard International Equity Index Fund. The firm's stake in this fund witnessed a decrease from 496,568 shares in Q2 to 482,829 shares in Q3, reflecting a decline of 7.3%. Although this decrease might raise concerns for some investors, it's crucial to analyze the reasons behind this decision. Investment firms constantly evaluate their portfolios and make strategic adjustments based on market conditions and their investment objectives.

Similarly, another significant change was observed in the holdings of VTEB, the Vanguard Municipal Bond Funds. Leonard Rickey Investment Advisors P.L.L.C. reduced their holdings in this fund by 12.9% from Q2 (384,534 shares) to Q3 (349,504 shares). This adjustment could be attributed to various factors, such as changes in interest rates or potential shifts in the municipal bond market.

On the positive side, the firm increased its holdings in some companies. Let's consider the case of VCSH, the Vanguard Scottsdale Funds, where the number of shares held by Leonard Rickey Investment Advisors P.L.L.C. significantly rose from 28,782 shares in Q2 to 217,456 shares in Q3. This 650.4% increase demonstrates the firm's confidence in the performance and growth prospects of this particular investment.

Moving on to individual stocks, Leonard Rickey Investment Advisors P.L.L.C. made some interesting moves within the technology sector. They slightly increased their holdings in Microsoft Corporation (MSFT) by 5.8%, from 14,210 shares to 14,439 shares. This decision could be influenced by positive market sentiment towards the company or favorable projections for its future performance.

Meanwhile, the firm significantly reduced its holdings in Tesla Inc. (TSLA). Their stake decreased from 2,070 shares to 2,094 shares, marking a 3.3% decline. This adjustment might be a result of various factors, including concerns about the company's valuation or a strategy to diversify their technology holdings.

In summary, Leonard Rickey Investment Advisors P.L.L.C.'s 13F holdings comparison report for Q2 2023 and Q3 2023 reflects a dynamic investment strategy. The firm made adjustments based on market conditions, their investment objectives, and the performance of individual stocks and funds. Investors can gain valuable insights from these changes and use them to make informed decisions about their own portfolios.

It's important to note that the information provided in this article is based on public records and should not be considered as financial advice. Individual investors should conduct thorough research and consult with their financial advisors before making any investment decisions.

Overall, Leonard Rickey Investment Advisors P.L.L.C. continues to demonstrate their expertise in managing diverse investment portfolios. By monitoring and adjusting their holdings, they strive to optimize returns for their clients and adapt to the ever-changing financial landscape.