Northern Capital Management LLC's Q3 and Q4 2018 13F Holdings: Examining Changes in Share Value

Northern Capital Management LLC is a privately owned hedge fund that manages over $3 billion in assets. The fund recently released its Q3 and Q4 2018 13F holdings comparison, which shows the changes in the fund’s holdings between the two quarters.

AAPL, which was already the fund's largest holding in Q3, saw an increase in shares from 50,528 to 65,542 in Q4. However, despite the increase in shares, the value of the shares dropped by 9.4%. This could be due to the general market trend of the tech industry performing poorly towards the end of 2018.

VBR, a small-cap value fund, saw an increase in shares from Q3 to Q4. However, the value of the shares decreased by 14.6%, indicating a general downturn in small-cap value funds at the end of 2018.

GOOGL, another large holding in the fund, saw a slight increase in shares from Q3 to Q4 but the value of the shares decreased by 7.3%. This could be due to the scrutiny and increased regulations tech companies faced towards the end of 2018.

MSFT, the fund's fourth-largest holding, saw shares increase by 3,223 but the value of the shares decreased by 6.8%. Despite this, Microsoft stock has been performing well in 2019, hitting all-time highs in April.

JNJ, the fund's fifth-largest holding, saw a small increase in shares between Q3 and Q4, but the value of the shares decreased by 5.6%. This could be due to the fact the pharmaceutical sector was experiencing a downturn in general towards the end of 2018.

MGV, a mega-cap 300 value fund, saw a small decrease in shares, but the value of the shares decreased by 10.9%. This could be due to the general market trend of value funds experiencing a downturn at the end of 2018.

VEU, an all-world ex-US index fund, saw a small increase in shares, but the value of the shares decreased by 10.5%. This could be due to the general market trend of funds focused on foreign markets experiencing a downturn at the end of 2018.

BAC, the fund's eighth-largest holding, saw a substantial increase in shares from Q3 to Q4, causing the value of the shares to increase by 5.2%. This could be due to the fact that the financial sector experienced an overall uptick towards the end of 2018.

FLOT, a floating rate bond fund, saw a significant decrease in shares and a corresponding decrease in the value of the shares by 19.8%. This could be due to the general market trend of bonds experiencing a downturn towards the end of 2018.

DD, the fund's eleventh-largest holding, saw a significant increase in shares from Q3 to Q4, causing the value of the shares to increase by 9%. However, this increase was eventually offset by a general market downturn which took place in the beginning of 2019.

QCOM, another major holding of this fund, saw an increase in shares from Q3 to Q4, but the value of the shares decreased by 17.2%. This could be due to the ongoing legal battle between Qualcomm and Apple, which could impact Qualcomm's future earnings.

Overall, it should be noted that the Northern Capital Management LLC's fund saw a decrease in the total value of its holdings between Q3 and Q4 2018. While there were some holdings that saw an increase in share value, most of the fund's holdings experienced a downturn towards the end of 2018. These downswings can be attributed, in part, to a general economic downturn that took place around the end of 2018, impacting many of the markets the fund invested in.

Investors interested in allocating funds should always use caution when making investment decisions based solely on past performance. It is also important to carefully consider an investment’s objectives, risks, charges, and expenses before investing. Additionally, investors should be aware that past performance does not guarantee future results.