The Changing Landscape of Fund Holdings: A Look at Quadrant Capital Management's Q3 and Q4 2019 13F Comparison

As the investment management industry evolved over the past years, fundamental changes occurred in the way companies and professionals manage their finances. The adoption of the Securities and Exchange Commission's Rule 13f-1 is one such example. This rule requires institutional investment managers to file a quarterly report, Form 13F, which lists all their equity holdings with a market value of $100 million or more. This regulation aims to bring more transparency into the market, making it easier for investors to follow fund managers' buying and selling activities.

In this blog post, we will take a closer look at Quadrant Capital Management's 13F holdings comparison for Q3 and Q4 2019. With over 30 years of investment management experience, Quadrant Capital Management LLC is an independent, fee-only registered investment advisor based in Vienna, Virginia. According to their last Form 13F filing, the fund manager's portfolio was worth $1.68 billion, with 207 equity holdings.

Schwab International remained at the top of Quadrant Capital Management's portfolio in both Q3 and Q4 2019, with 318,348 and 311,828 shares, respectively. A 7.8% increase in the stock's value contributed to an increase in the company's holdings' total value from $9.94 million to $10.71 million.

Apple Inc. held the second position in the portfolio in Q3 with 30,188 shares, but the number dropped to 27,993 shares in Q4. The company's value in the portfolio increased by 21.6%, reaching $8.22 million.

Vanguard FTSE All World Ex US took the third position, with Quadrant Capital Management owning 65,685 and 66,062 shares in Q3 and Q4 2019 respectively. Although the value of the company's shares increased by 9.6%, the total value of its holdings in the portfolio only increased slightly from $6.70 million to $7.34 million.

Notably, on examining the holdings, none of the companies experienced a holding percent change above 50%. However, some companies underwent significant changes. For instance, Quadrant Capital Management decreased its holding percent of Home Depot Inc from 1.18% in Q3 to 1.11% in Q4, an amount equivalent to $461 million. This decrease may be due to the market dynamics and Quadrant's strategy to reduce its position in the company.

The fund also added three new holdings in Q4 2019, including Vici Properties Inc., Brookfield Asset Mgmt, and Peapack-Gladstone Finl Corp Com. The value of each new addition to the portfolio was $1.64 billion, $1.31 billion, and $0.71 billion, respectively. In contrast, Boeing Co experienced the most significant percentage decrease of -14.4%, equivalent to $264 million, between Q3 and Q4.

In conclusion, Quadrant Capital Management's Q3 and Q4 13F comparison gives insights into the company's investment strategy and the dynamics of the equity market. The changes in the holdings occur due to various factors, including market trends, the company's performance, and the fund manager's strategy. By keeping an eye on these changes, investors can adjust their holdings to maximize their earnings.