Wallington Asset Management, LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison
Ava Hoppe | 22 July, 2023
Wallington Asset Management, LLC is a well-established investment firm that manages a diverse portfolio of assets. With each passing quarter, the company carefully analyzes its holdings to identify any changes in its investments. These changes can provide valuable insights into the firm's investment strategy and market trends.
In the first quarter of 2023, Wallington Asset Management held various stocks and funds across different industries. One of the significant changes in its holdings was in Vanguard Tax-Managed Funds (VEA), where the firm increased its shares from 471,210 to 890,907, representing a significant increase of 93.3%. This change indicates Wallington's confidence in VEA's growth potential.
Another notable change in Wallington's holdings was in Microsoft Corp (MSFT). Although the increase in shares was marginal (from 90,436 to 91,233), the value of its holdings increased from $26,073,000 to $31,068,000, reflecting a 19.2% increase. This suggests that Wallington believes in the long-term growth prospects of Microsoft.
TJX Companies Inc (TJX) also saw an increase in shares held by Wallington. The number of shares increased from 307,629 to 313,071, with a corresponding increase in value from $24,106,000 to $26,545,000, indicating a 10.1% increase. This change indicates Wallington's positive outlook on TJX's performance.
Wallington Asset Management's holdings in iShares TR (IJR) also experienced a slight increase in both shares and value. The number of shares held increased from 255,970 to 259,835, with the value increasing from $24,752,000 to $25,893,000, representing a 4.6% increase. This change suggests Wallington's belief in the growth potential of IJR.
Other significant changes in Wallington's holdings include an 8.4% increase in shares of Linde PLC (LIN), an 18.5% increase in shares of Apple Inc (AAPL), and a 6.2% increase in shares of Visa Inc (V). These changes demonstrate Wallington's strategic and dynamic investment approach.
In contrast, Wallington reduced its holdings in certain companies. For example, its holdings in Berkley W R Corp (WRB) decreased by 4.6%, indicating a shift in investment strategy. Similarly, its holdings in Phillips 66 (PSX) decreased by 3.7%. These changes suggest Wallington's efforts to reposition its portfolio based on market dynamics and investment performance.
Wallington also made new investments during this period. Wallington acquired 215,870 shares of iShares MSCI Emerging Market ETF (EMXC). Although the Q1 2023 value was not available, the Q2 2023 value was $11,221,000. This suggests that Wallington sees potential in emerging market investments.
In conclusion, Wallington Asset Management actively manages its holdings, analyzing market trends and making strategic changes to optimize returns. The firm's recent changes in holdings, including increases in VEA, MSFT, TJX, and IJR, reflect its confidence in the growth potential of these investments. Wallington's dynamic approach, including reducing holdings in WRB and PSX and acquiring EMXC shares, showcases the firm's adaptability to market conditions. As Wallington continues to monitor and adjust its portfolio, investors can benefit from its well-informed and strategic investment decisions.
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