Investing in the Time of Covid: Changes in Holdings by Accurate Investment Solutions

Amidst the Covid-19 pandemic, investors worldwide have had to face an economic crisis unlike any other in recent history. Market volatility, economic uncertainty, and changes in consumer behavior have led to a significant shift in the investment landscape. One such investment solution provider that has recently seen changes in their holdings is Accurate Investment Solutions, Inc. Let's take a closer look at their Q1 2020 versus Q2 2020 13F Holdings Comparison.

First, a brief explanation of what the 13F Form is - it’s a quarterly report that institutional investment managers like Accurate Investment Solutions, Inc. are required to file with the Securities and Exchange Commission (SEC). The form lists all equity assets under management that are both accessible and not confidential. It's submitted within 45 days after the end of each quarter.

According to the 13F filing, Accurate Investment Solutions, Inc., didn't hold any shares of issuers, as reported in Q1 2020, for the 25 positions we have data on. In Q2 2020, they cleared out all their shares from all 25 of the issuers, reducing the value of their holdings in each of them by 100%.

Four of their top 10 holdings in Q1 2020, based on the total value of shares held, were in Intel Corp (INTC), Verizon Communications Inc (VZ), Procter & Gamble Co (PG), and Cisco System, Inc (CSCO). Their Q1 2020 investments in these companies amounted to 89833, 83422, 40354, and 112093 shares, respectively. In contrast, as of Q2 2020, Accurate Investment Solutions, Inc. had sold all their holdings in these top 4 companies.

Among the various sectors, they had significant investments in Energy, Utilities, Consumer Staples, Health Care, and Technology. The funds' largest sector investments (by tens of thousands of shares) were in Southern Co (SO), PPL Corp (PPL), and At&T Inc (T) in the Utilities sector, and Pfizer Inc (PFE) and Merck & Co. Inc (MRK) in Health Care. However, as of Q2 2020, they have sold all their holdings in these companies as well as the remaining other companies they had invested in.

It’s essential to note that while these are substantial changes for the Accurate Investment Solutions, Inc. portfolio, it may not tell the whole story of their investment strategy or indicate their future plans. In summary, the investment shift made by Accurate Investment Solutions, Inc. in these 25 positions (based on the available 13F data) represents a significant change in their investment approach for Q2 2020. Nevertheless, a lot more data would be required to show if this is a trend we can expect in the long-term as well.