Analyzing Tradition Capital Management LLC's Q4 2018 vs. Q1 2019 13F Holdings Report

Tradition Capital Management LLC Q4 2018 vs. Q1 2019 13F Holdings Comparison

Tradition Capital Management LLC recently filed their Q1 2019 13F holdings report, outlining the changes in their holdings compared to the previous quarter. The report shows the fund’s holdings for the first quarter of 2019 as well as the fourth quarter of 2018, along with the percentage change in holdings and value.

In total, the fund’s 13F holdings increased from 2,487,800 shares in Q4 2018 to 2,610,563 shares in Q1 2019. The value of their holdings also increased from $110,042,000 in Q4 2018 to $132,882,000 in Q1 2019, a change of 20.8%.

Johnson & Johnson (JNJ) remained the top holding for the fund in both quarters, with an increase of 6.7% in shares and 17.3% in value from Q4 2018 to Q1 2019. Other top holdings, such as Boeing Co (BA) and Avery Dennison Corp (AVY), also saw increases in both shares and value in the first quarter of 2019.

SPDR S&P 500 ETF Trust Series (SPY) showed a significant increase in both shares and value, with shares increasing by 11.5% and value increasing by 26.2% from Q4 2018 to Q1 2019. This suggests that the fund may be betting on the continued success of the S&P 500 index.

Microsoft Corporation (MSFT) also showed a significant increase in shares and value, with shares increasing by 9.4% and value increasing by 27.4%. This may indicate that the fund believes in the continued growth potential of Microsoft.

However, not all holdings saw an increase in value. AbbVie Inc (ABBV) saw a decrease in value of 4.3% and Merck & Co. Inc (MRK) saw a decrease in value of 21.9% from Q4 2018 to Q1 2019.

One notable change in holdings was the addition of IBM Corp (IBM), which was not held in Q4 2018 but was acquired in Q1 2019. The fund acquired 28,684 shares of IBM Corp, with a value of $4,047,000. This suggests that the fund believes in IBM’s growth potential and may be expecting good things from the company in the near future.

Another interesting change in holdings was the significant decrease in shares of Medtronic PLC (MDT), a medical device company. The fund saw a decrease of 57.9% in value from Q4 2018 to Q1 2019, which could suggest that the fund is losing confidence in the company.

In conclusion, the Q1 2019 13F holdings report for Tradition Capital Management LLC shows a number of interesting changes in the fund’s holdings from the previous quarter. While some holdings saw an increase in value, others saw a decrease or were sold off completely. The addition of IBM Corp to the fund’s holdings is also notable. Overall, the report suggests that the fund is taking a carefully considered approach to its investments and is making adjustments where necessary.