Dearborn Capital Management LLC's Q2 and Q3 2018 13F Holdings: A Comparative Analysis of Changes in Holdings and Values

Dearborn Capital Management LLC 13F holdings in Q2 2018 and Q3 2018 shows some interesting changes. The 13F filings are submitted by institutional investors, such as hedge funds and mutual funds, to the Securities and Exchange Commission (SEC) which discloses their equity holdings. These filings provide insights into the institutional investors' activity and can be used by individual investors as a basis for their investment decisions.

The SJNK, SPDR Ser TR, held by Dearborn Capital Management LLC experienced a significant drop in holdings. In Q3 2018, Dearborn Capital Management LLC had 128,000 shares of SJNK, compared to 200,000 shares in Q2 2018. The value also dropped by 35.3% from $5,458,000 to $3,532,000. This represents a significant decrease in the fund's exposure to SJNK.

However, it's worth noting that some of the other positions held by Dearborn Capital Management LLC also experienced a drop in holding or value in Q3 2018. For instance, the ISSHAERS TR, ACWI, dropped from 45,401 shares to 41,327 shares, with a reduction of 5% in value. While the holdings of ISSHAERS TR, IWB, and IWR also decreased by 7% in value in Q3 2018.

Despite the drops, some positions experienced a smaller drop in value or increase in holding. The ISSHAERS TR, EFA, had a drop in value of 7.5% and IYR, had a decrease of 10.7% both in Q3 2018 against their respective shares value and holdings in Q2 2018. The difference between this drop was, IYR sold off more shares than EFA in Q3 2018. In contrast, ISSHAERS TR, PFF, had a drop in value of 27.1% in Q3 2018, but the number of shares held only fell from 100,000 to 74,000.

There were also some prolific losses in Q3 2018. The HIGHLAND FDS I, SNLN, experienced a significant decrease, dropping 47.9% in value. In Q2 2018, Dearborn Capital Management LLC held 310,000 shares, while in Q3 2018, the shares cut down to 160,000. The INVESCO EXCHNG TRADED FD TR, PGX, and the EATON VANCE LTD DUR INCOME F, EVV, also experienced sharp drops. The INVESCO EXCHNG TRADED FD TR, PGX, lost 41.6% in value from $2329,000 to $1,360,000 as the number of shares dropped from 160,000 to 95,000. Also, Eaton Vance Ltd Dur Income F, EVV, had almost 50% of its shares sold off in Q3 2018, with a decline in value from $2,466,000 to $1,243,000.

On the other hand, some positions saw an increase in holding or value in Q3 2018. For instance, the ISSHAERS TR, ACWX, witnessed an increase in holding of 6,928 shares, while the value grew by 8%. The ISSHAERS TR, IWM, also experienced a slight increase in shares, from 20,036 to 18,055.

Several theories can be put forward as to why Dearborn Capital Management LLC made these changes to its holdings. One speculation could be that Dearborn Capital Management LLC was trying to reduce its risk in its portfolio, which could indicate a lack of confidence in the market at the time. It is also possible that the management may have been trying to take advantage of the opportunities that presented themselves with the declining equity prices of these companies.

In conclusion, the Dearborn Capital Management LLC Q2 2018 and Q3 2018 13F holdings comparison shows several pertinent changes. The data indicates the fund making adjustments to its portfolio to either reduce risk, increase exposure in some position, or take advantage of opportunities. It will be instructive to monitor the 13F filings of Dearborn Capital Management LLC to gain more insights into their investment decision-making.