Hexavest Inc. Q2 2021 vs. Q3 2021: Major Holdings Shift Among Top Stocks

After analyzing the latest 13F filings, it's clear that Hexavest Inc. has undergone significant changes in its holdings from Q2 to Q3 in 2021. Many of the top-performing stocks in Q2 did not carry through to Q3, resulting in several new stocks featuring in the top holdings list. In this article, we will take a closer look at the top performers, the biggest losers, and what may have influenced Hexavest's decision to shift its holdings.

Microsoft is the Top Performing Stock

Despite an 8% decrease in the number of shares held, Microsoft remains the top stock in Hexavest's portfolio for Q3 2021 with a total value of $81,959,000. Microsoft shares performed well in Q2 and continued to do so in Q3, even with the reduction in shares held. This shows that Hexavest has confidence in the stock's long-term prospects.

Biggest Losers

The biggest losers in Q3 include Exxon Mobil, Micron Technology, and GDX VanEck ETF, which saw a decline of 53.8%, 29.5%, and 33%, respectively. It is interesting to note that these stocks were among the top performers in Q2, indicating a bearish outlook for the energy, technology, and mining industries in the short run. This is a significant shift, considering the energy sector was recovering well after a challenging 2020.

New Entries in Hexavest's Top Holdings

Several new entrants feature in Hexavest's top holdings for Q3. Zoetis Inc., the veterinary drug manufacturer, is among the top performers, registering a modest decline in the number of shares held, but an increase in total value for Q3. UnitedHealth Group, SVB Financial Group, and Franco-Nevada Corp Inc. also saw increases in the number of shares held. Additionally, Bristol Myers Squibb, Regeneron Pharmaceuticals, and iShares China Large-Cap ETF experienced a significant increase in value, making it to Hexavest's top holdings list.

What Influenced Hexavest's Decision to Shift Holdings?

The Q3 filings show a shift in Hexavest's portfolio towards industries such as healthcare, finance, and gold. The shift could be due to a variety of factors, including industry trends, geopolitical risks, and global economic conditions. The COVID-19 pandemic has also accelerated changes in consumer behavior and technological innovation, presenting both opportunities and challenges for companies across many industries.

Conclusion

Hexavest has made significant changes to its holdings, reflecting the dynamic nature of the stock market and the need to stay ahead of trends. While some of the top performers in Q2 have failed to carry through to Q3, it is clear that Hexavest maintains its confidence in established performers such as Microsoft. The new entries in the top holdings list suggest that Hexavest is pivoting towards industries that present long-term opportunities. Investors should follow the impact of these shifts on the market and make informed decisions based on their risk appetite and investment goals.