Smith Asset Management Group LP's Q1 and Q2 2021 Holdings Report: Key Changes and Insights

Smith Asset Management Group LP Q1 2021 vs. Q2 2021 13F Holdings Comparison

Smith Asset Management Group LP recently released its 13F holdings report for Q1 2021 and Q2 2021. The report details the changes in the fund's holdings over the two quarters, giving us insight into the fund's investment strategy and market trends of interest.

The report lists the sym, issuer name, option type, Q1 2021 (Shares), Q2 2021 (Shares), Q1 2021 Value ($000), Q2 2021 Value ($000), and Chg % for each of the fund's holdings. We will analyze some of the key changes in the fund's holdings over the two quarters.

Top Holdings

Smith Asset Management Group LP's top holdings in Q2 2021 include Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), Facebook Inc (META), and Alphabet Inc (GOOGL). The positions in these companies have remained relatively stable since Q1 2021, with only minor changes to the number of shares held and the value of those holdings.

The fund increased its holdings in Nvidia Corp (NVDA), a leading manufacturer of graphics processing units (GPUs), by 43.5% in Q2 2021. This is likely due to the continued growth of the gaming industry and the increasing demand for high-performance gaming hardware. The fund's holdings in United Parcel Service Inc (UPS) also increased significantly, by 185.4%, indicating a bullish view on the logistics industry.

Meanwhile, the fund decreased its holdings in Merck & Co (MRK) by 32.4% and Walmart Inc (WMT) by 69.6% in Q2 2021. The decrease in the Merck position is likely due to the expiration of its key patents, while the decrease in the Walmart position is likely due to concerns about the company's ability to compete with Amazon and other e-commerce giants.

New Positions

The fund initiated new positions in Dropbox Inc (DBX) and Amedisys Inc (AMED) in Q2 2021. Dropbox is a cloud-based file storage and collaboration platform that has seen significant growth over the past year. Amedisys, on the other hand, is a provider of home health and hospice services, indicating the fund's interest in the healthcare industry.

Other Q2 2021 Changes

The fund also increased its holdings in Target Corp (TGT) by 53.1% in Q2 2021, indicating a bullish view on the retail industry. The fund also decreased its holdings in Parker-Hannifin Corp (PH) by 6.3%, potentially indicating concerns about the industrial conglomerate's future prospects.

Conclusion

Smith Asset Management Group LP's 13F holdings report for Q1 2021 and Q2 2021 shows that the fund has made some significant changes to its holdings during Q2 2021. The fund increased its positions in several companies, including Nvidia Corp and United Parcel Service Inc, while also initiating new positions in Dropbox Inc and Amedisys Inc. The fund decreased its positions in Merck & Co and Walmart Inc, potentially indicating concerns about these companies' futures. Overall, the report offers valuable insight into the fund's investment strategy and market trends of interest.