Investment Portfolio Shake-up: Lenox Wealth Management Q1 2020 vs. Q2 2020

Significant changes have taken place in Lenox Wealth Management, Inc.'s Q1 2020 and Q2 2020 13F holdings. The investment firm has trimmed and added to its positions, with major shuffles in the tech and healthcare sectors. Let's take a closer look at these moves.

Tech Stocks

The tech sector remains a favorite among many investors, and Lenox Wealth Management, Inc. (LWM) apparently shares this sentiment, as the firm made some notable changes in its tech holdings.

First up is Apple Inc (AAPL), which the firm added to in Q2 2020, increasing its position slightly from Q1 2020. LWM's move lines up with Apple's upward trajectory, as the company continues to see growth in revenue despite the challenges presented by the pandemic.

Another tech stock that caught LWM's attention is Microsoft Corp (MSFT), with the firm adding more shares in Q2 2020. This move aligns with MSFT's impressive Q4 results, which saw a surge in revenue and profits.

LWM also scooped up shares in Fortinet Inc (FTNT), a cybersecurity solutions provider. The firm almost doubled its position in Q2 2020, perhaps in response to the increase in cyber attacks as more people are working remotely.

Healthcare Stocks

Healthcare is often considered a safe haven during market volatility, and LWM seems to have taken note, adding shares in several healthcare companies.

Gilead Sciences Inc (GILD) saw increased interest from LWM, which added more shares in Q2 2020. While the company's COVID-19 treatment did not yield expected results, it remains a key player in the healthcare industry.

Novo Nordisk A/S (NVO) is another healthcare company that LWM is bullish on. The investment firm upped its position in the company in Q2 2020, noting the company's robust pipeline of products for Type 2 diabetes treatment.

Ascendis Pharma A/S (ASND) is a newcomer to LWM's portfolio. The firm established a position in the company in Q2 2020, perhaps betting on the company's potential to provide innovative solutions for rare diseases.

Bonds and ETFs

LWM has also made some changes in its bond and ETF holdings, both increasing or decreasing its stakes.

The firm decreased its position in the iShares Floating Rate Bond ETF (FLOT) in Q2 2020, as well as its stakes in the iShares MBS (MBB) and Vanguard Total Bond Market ETF (BND).

Meanwhile, LWM increased its holdings in the iShares 7-10 Year Treasury Bond ETF (IEF) and the SPDR S&P Dividend ETF (SDY).

Final Thoughts

The Q1 2020 vs. Q2 2020 13F holdings comparison shows that Lenox Wealth Management, Inc. is bullish on tech and healthcare stocks, while also making some shifts in its bond and ETF holdings. While past performance does not guarantee future results, it will be interesting to see how LWM's portfolio evolves in the coming quarters. Investors will surely be keeping a close eye on the investment firm's moves.