The Changing Landscape of Stonehearth Capital Management's Investment Portfolio

Stonehearth Capital Management, LLC Q4 2022 vs. Q1 2023 13F Holdings Comparison

As we enter the second quarter of 2023, we are looking back at the changes that have occurred in Stonehearth Capital Management's investment portfolio. For those unfamiliar with the world of finance, a 13F filing is a quarterly report filed by institutional investors that discloses their investment holdings to the public. In this post, we will be analyzing the Q4 2022 vs. Q1 2023 13F holdings comparison for Stonehearth Capital Management, LLC, and highlighting the changes that have occurred.

Introduction

Stonehearth Capital Management, LLC is a private investment firm that provides a wide range of investment services to its clients. With a diverse range of holdings across multiple sectors and industries, it is an interesting case to study for investors and stock enthusiasts alike. In this blog post, we will be analyzing the changes in their Q4 2022 and Q1 2023 13F filings and how it reflects on their investment strategy.

Main Body

One of the largest changes in Stonehearth Capital Management's 13F holdings came with the JP Morgan Exchange Trade Fund (JPST). In Q4 2022, the firm held 470,497 shares of JPST but had reduced its holdings by a massive 41.2% to 275,456 shares in Q1 2023. While it is unclear what motivated the reduction, the decrease in holdings could potentially signal a change in their investment strategy.

Another significant change occurred in the holdings of Vanguard International Equity Index Fund (VWO). In Q4 2022, Stonehearth held 173,405 shares, but in Q1 2023, that number jumped to 223,270 shares, representing an increase of 33.4%. With the global market continuing to show positive signs, it seems that Stonehearth has taken a bullish approach to emerging markets.

In contrast, Stonehearth decreased its holdings in SPDR Gold Trust (GLD). In Q4 2022, the firm held 36,779 shares that amounted to a market value of $6,239,000. However, in Q1 2023, the firm reduced its holdings by approximately 7.7% to 36,687 shares, valued at $6,721,000. Gold has acted as a hedge against inflation for many years, meaning that this trend could be interpreted as a sign of Stonehearth's confidence in the current economic outlook.

One of the most interesting changes occurred with Vacasa, Inc. (VCSA). In Q4 2022, the firm held 15,379 shares, which had a negligible market value of $19,000. In contrast, during Q1 2023, the firm increased its holdings to an astonishing 36,472 shares, giving them a market value of $35,000. The increase in holdings signifies a substantial shift in their investment priorities, with Stonehearth showing an increased interest in the company.

Conclusion

As we analyzed the Q4 2022 vs. Q1 2023 13F holdings comparison for Stonehearth Capital Management, LLC, we found a diverse range of changes in their holdings. It is essential to note that these changes may not represent a total shift in the company's investment strategy, but rather may reflect their view of the current economic and global landscape. As investors continue to monitor the market in Q2 and beyond, the changes in Stonehearth's holdings provide valuable insights into their investment priorities.