The Rise and Fall of Trustcore Financial Services, LLC's Q3 2022 and Q4 2022 Holdings
Ava Hoppe | 14 May, 2023
Trustcore Financial Services, LLC is an investment advisor firm based in Nashville, Tennessee. They recently filed a 13F report that shows their holdings from Q3 2022 and Q4 2022. These holdings reflect the portfolio of stocks and securities that the firm manages on behalf of its clients. In this article, we will analyze the changes in Trustcore Financial Services' holdings between the two quarters and highlight the significant changes.
The 13F report shows that Trustcore Financial Services had a total of 45 holdings in Q3 2022. This number decreased to 44 in Q4 2022. In terms of the total value of their holdings, there was a slight increase of 0.9% from Q3 2022 to Q4 2022. However, there were several significant changes in the holdings of individual securities that are worth exploring.
One of the most significant changes was in the holdings of HCA Healthcare Inc (HCA). Trustcore Financial Services increased its holdings in HCA by 32.1% from Q3 2022 to Q4 2022. This increase amounted to an additional 3,592 shares of HCA, bringing their total holdings to 307,452 shares. This purchase was also reflected in the value of their holdings, which increased from $55,846,000 in Q3 2022 to $73,776,000 in Q4 2022.
Ishares Tr (EFA) was another security that saw significant changes in Trustcore Financial Services' holdings. Although there was a decrease of 4.2% in the number of shares held, the value of the holdings increased by 12.6%. This increase in value was due to the significant rise in the price of the shares. Despite holding fewer shares in Q4 2022, Trustcore Financial Services' holdings in EFA were more valuable than in Q3 2022.
Perhaps the most unusual change was in the holdings of Innovator ETFs Tr (BOCT) and Innovator ETFs Tr (PNOV). In Q3 2022, Trustcore Financial Services held 71,235 shares of BOCT, with a total value of $2,130,000. However, in Q4 2022, they sold all of their shares in BOCT and instead purchased 156,886 shares of PNOV, worth $4,736,000. This represented a 790.8% increase in holdings for PNOV and a complete shift away from BOCT.
Other notable changes include the decrease in holdings of Ishares Tr (AGG) and SPDR Ser Tr (SDY), a 9.1% and 10.1% decrease in holdings, respectively. Conversely, Trustcore Financial Services increased its holdings in Berkshire Hathaway Inc Del (BRK-B) and Pinnacle Finl Partners Inc (PNFP) by 15.4% and 11.1%, respectively.
In conclusion, Trustcore Financial Services' 13F report for Q3 2022 and Q4 2022 shows fluctuations in their holdings. While the total value of their holdings increased slightly from Q3 2022 to Q4 2022, there were significant changes in the holdings of individual securities. These changes highlight the importance of regular portfolio analysis and risk management.
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