Apple, Microsoft, and Alphabet Dominate Sonora Investment Q3 2021 Portfolio

Sonora Investment Management, LLC recently disclosed its holdings for Q3 2021. The filing revealed that the company increased its total portfolio value by 7.6%, with the market value of holdings totaling $633.85 million. This represented a significant increase from $588.6 million for the previous quarter, with technology companies accounting for the bulk of the gains.

Here are some of the changes in holdings of the top stocks in the fund:

Apple Inc. (AAPL)

Apple remains the largest holding in the Sonora portfolio, accounting for 46% of the total value. The company's shares decreased by 3.8% from Q2 to Q3, with the number of shares held dropping from 303,474 to 291,908. This decline was also reflected in the market value, which dropped from $41.5 million to $41.3 million. Despite the decrease, Apple continues to be a core holding in Sonora's portfolio, reflecting its robust fundamentals and growth potential.

Microsoft Corporation (MSFT)

Microsoft was the second-largest holding in Sonora's portfolio in Q3 2021, totalling 5.9% of the holdings. The company increased its number of shares by 1%, from 132,318 to 133,414, while the market value rose from $35.8 million to $37.6 million, an increase of 4.9%. Microsoft has remained a consistent performer for Sonora, with its strong earnings reports and steady growth indicating its continued appeal to investors.

Alphabet Inc. Class A (GOOGL)

Alphabet was the third-largest holding in Sonora's Q3 2021 portfolio, accounting for 4% of the holdings. The company increased the number of shares it holds from 9,411 to 9,533, while the market value rose from $23.6 million to $25.4 million. The 7.7% increase in market value reflected the company's solid performance in the market.

Qualcomm Inc. (QCOM)

Qualcomm's total number of shares held by Sonora decreased by 0.2%, from 157,095 to 156,763, while the market value plummeted from $22.4 million to $20.2 million, a decline of 10%. The decrease in Qualcomm's market value can be attributed to the company's weak earnings, coupled with its ongoing legal battles.

Republic Services Inc. (RSG)

Republic Services' total number of shares held increased by 2%, from 113,536 to 115,741, while the market value rose from $12.5 million to $13.9 million, representing an increase of 11.3%. This growth can be attributed to the company's focus on sustainability and innovation.

Blackstone Inc. (BX)

Blackstone's total number of shares held by Sonora increased by 0.5%, from 115,762 to 116,386, while the market value rose from $11.2 million to $13.5 million, representing an increase of 20.4%. This growth can be attributed to the company's success in raising capital.

Home Depot Inc. (HD)

Home Depot's total number of shares held by Sonora increased by 2.5%, from 40,129 to 41,142, while the market value rose from $12.8 million to $13.5 million, representing an increase of 5.5%. This growth can be attributed to the company's strong performance in the home improvement sector, driven by the pandemic-induced demand for home improvements.

Conclusion

Sonora's Q3 2021 holdings reveal that the company remains heavily invested in technology companies, with Apple, Microsoft, and Alphabet accounting for a significant portion of the holdings. However, the fund has also diversified its holdings, with Republic Services and Blackstone seeing significant growth. Nevertheless, Sonora's strong performance in Q3 2021 highlights its emphasis on investing in well-managed companies with strong fundamentals, which bodes well for its future performance.