Gresham Partners, LLC Q4 2019 vs. Q1 2020: Analyzing 13F Holdings Changes

Investors often keep a keen eye on top-performing companies to help navigate changes in the market. Fortunately, investors can analyze such changes through quarterly 13F filings submitted by institutional investment managers with at least $100 million in assets under management. In this regard, Gresham Partners, LLC's Q4 2019 vs. Q1 2020 13F filings provide some valuable insights into its holdings. This article will analyze Gresham Partners' top holdings changes, taking a closer look at the stocks that have received the greatest investment and those that have lost their favor.

ISHARES MSCI EMERGING MARKETS ETF Dominated Gresham Partners' Portfolio In Q4 2019

Gresham Partners, LLC's Q4 2019 13F revealed that ISHARES MSCI EMERGING MARKETS ETF (IEMG) was its largest holding. The investment firm held 652,781 shares worth $35,094,000 at the end of the quarter, making up 21.57% of its portfolio.

During the first quarter of 2020, Gresham Partners significantly decreased its position in IEMG, selling over 254,000 shares. The latest 13F filing shows the firm now holds 398,781 shares of IEMG worth $16,139,000, representing only 9.40% of the total portfolio.

SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS Became Gresham Partners' Top Holding In Q1 2020

Gresham Partners' 13F filings indicate that the firm bought more shares of SPDR S&P500 ETF TRUST S&P 500 ETF USD DIS (SPY) during Q1 2020. The investment firm held 10,065 shares of SPY worth $3,240,000, representing 19.18% of the portfolio at the end of Q4 2019.

By the end of Q1 2020, Gresham Partners increased its holdings in SPY to 53,236 shares worth $3,502,000, accounting for 20.58% of the portfolio. The increase in SPY holdings implies that Gresham Partners has some faith in the S&P 500 index in the face of the coronavirus pandemic.

Other Holdings Changes

Aside from the changes in IEMG and SPY holdings, Gresham Partners' Q4 2019 vs. Q1 2020 13F filings also show some notable changes in other holdings. Firstly, the firm decreased its position in INVESCO EXCHANGE TRADED FD TR S&P500 EQL WGT (RSP) by selling over 8,000 shares. Gresham Partners currently holds 20,150 shares of RSP worth $1,693,000, compared to 23,550 shares worth $2,725,000 at the end of Q4 2019.

Secondly, Gresham Partners' holdings in ISHARES RUSSELL 2000 ETF (IWM) increased significantly, rising from 3,727 shares worth $617,000 in Q4 2019 to 29,193 shares worth $1,636,000 in Q1 2020. This represents a 165.2% increase, implying that Gresham Partners is confident in small-cap stocks in the current economic climate.

Lastly, Gresham Partners increased its holdings in ISHARES MSCI EAFE ETF (EFA) from 2,099 shares worth $146,000 in Q4 2019 to 2,742 shares worth $147,000 in Q1 2020. The increase indicates that the firm may have some confidence in the European and Asian market.

Conclusion

Gresham Partners' Q4 2019 vs. Q1 2020 13F holdings provide a glimpse into the company's portfolio adjustments. The company sold off some of its positions while increasing stakes in others. The increase in SPY and IWM holdings suggests the firm's bullish sentiment in the stock market. However, time will tell if Gresham Partners' portfolio changes proved beneficial in the long run.