The Rise and Fall of Regis Management CO LLC: A Q4 2022 vs. Q1 2023 13F Holdings Comparison

Regis Management CO LLC is a well-known investment management firm based in the United States. Like many other such firms, they must publicly disclose their quarterly holdings in 13F filings with the SEC. We have analyzed their Q4 2022 and Q1 2023 holdings and compared the changes in their shares and values. This article will highlight the major changes in their holdings and speculate on what those changes might mean for the future.

One significant change in Regis Management's holdings from Q4 2022 to Q1 2023 was their reduction in shares of Vanguard Total Stock Market ETF (VTI). They sold 197,321 shares, a 28.7% decrease, which translated into a $31,388,000 reduction in value (-23.9% change). This divestment might suggest a lack of confidence in the fund, which could be informed by concerns about the portfolio's future performance. It could also mean that the firm is looking to build up cash reserves, perhaps to invest in other funds with higher growth potential.

In contrast, Regis Management increased its shares in Vanguard FTSE Developed Markets ETF (VEA) by 5.4% (60,740 shares), which translates to a $857,000 increase in value (1.8% change). This is a smaller increase, but it still shows that the firm believes there is growth potential in this fund.

Similarly, the firm increased its stake in iShares MSCI EAFE Index ETF (EFA) and iShares Russell 3000 Index ETF (IWV) by 9% (19,428 shares) and 6.7% (2,491 shares), respectively. The increases indicate that the firm has faith in these funds and expects them to perform well in the future.

On the other hand, Regis Management significantly reduced its holdings in iShares Core MSCI EAFE ETF (IEFA) by 69.1% (483,902 shares) and iShares Core MSCI Emerging Markets ETF (IEMG) by 43.6% (140,243 shares). These divestments can be seen as a lack of confidence in the funds' ability to generate growth. The reduction in IEFA shares led to a $28,824,000 reduction in value (-69.1% change), while the reduction in IEMG shares led to a $6,206,000 reduction in value (-43.6% change).

Furthermore, Regis Management sold all its shares in Netflix (NFLX), Alarm.com Holdings Inc. (ALRM), Levi Strauss & Co. (LEVI), Spotify Technology SA (SPOT), META Platforms Inc. CL A (META), Electronic Arts Inc. (EA), and several other companies. These divestments totalled approximately $62,696,000, representing a 100% reduction in value. This is a significant move and could suggest that the firm no longer sees value in these companies.

In conclusion, the Q4 2022 vs. Q1 2023 13F Holdings Comparison shows that Regis Management CO LLC has made significant changes to its holdings in many of its funds and sold all its shares in certain companies. These changes could signal a change in investment strategy or indicate that the firm has concerns about the future performance of certain funds or companies. It's unclear what these changes might mean in the long term, but the trend is worth monitoring for those interested in investment management firms.