McQueen, Ball & Associates Inc: Summarizing Changes in Q3 vs. Q4 Holdings

McQueen, Ball & Associates Inc. Q3 2018 vs. Q4 2018: Summarizing Changes in Holdings

Investors and analysts are always eager to find out how successful investment firms have fared in terms of making strategic investment decisions. The quarterly filings known as 13F-HR, which are filed by institutional investment managers with over $100 million in equity assets under management, give insight into the holdings of these firms.

Here is an analysis of the Q3 2018 and Q4 2018 13F-HR filings for McQueen, Ball & Associates Inc. This firm, based in Dallas, Texas, manages over $1 billion in assets and has been in the business for over 30 years.

In Q4 2018, the firm held 1,505,760 shares worth $191,415,000, compared to $226,764,000 for Q3 2018. The holdings included 48 stocks, with a large portion of assets invested in exchange-traded funds (ETFs).

The firm increased its holdings in Vanguard Large Cap ETF (VV) by 1.9%, from 85,728 to 87,357 shares, though the value of its holdings fell 12.3%, from $11,446,000 to $10,034,000. The firm reduced its holdings in Targa Resources Corp (TRGP) by 36%, from 243,111 to 87,557 shares, leading to a significant fall of 36% in value from $13,690,000 to $8,757,000.

The Vanguard FTSE All-World ex-US ETF (VEU) was another asset that saw a decrease in holdings, with the firm reducing its holdings by 0.08%, from 165,170 to 165,309 shares, leading to a fall in value by 12.4% from $8,597,000 to $7,535,000.

In addition, the firm also reduced its holdings in Apple Inc (AAPL) by 0.1%, from 37,201 to 37,245 shares, leading to a significant fall in value of 30% from $8,398,000 to $5,875,000.

On the other hand, the firm's holdings in Vanguard Total Intl Stock ETF (VXUS) increased significantly, with McQueen, Ball & Associates holding 26,618 more shares in Q4 2018 than Q3 2018. This increase in holdings by over 220% led to a rise in the value of the shares by 219%, from $1,437,000 to $4,602,000.

Among other notable increases in holdings are Amgen Inc. (AMGN), which saw an increase of 0.01%, from 11,054 to 11,055 shares, and increases in holdings of companies such as Air Prod & Chemicals (APD), Brookfield Infrastructure Ptnrs (BIP), and Welltower Inc Com (WELL).

The firm's significant decrease in holdings include Lowe's Companies (LOW), with McQueen, Ball & Associates reducing its holdings by 1.6%, from 34,394 to 34,294 shares, resulting in a 19.8% decrease in the value of the shares from $3,949,000 to $3,167,000.

The analysis shows that McQueen, Ball & Associates Inc. made several strategic investment decisions, resulting in increases or decreases in holdings of different assets. Although there were several decreases in holdings, the firm's overall portfolio value is still significant, and some holdings increased in value significantly.

It will be interesting to watch how the firm's investment decisions shape its portfolio in the coming quarters.