CAMG Solamere's Q3 2021 Holdings Analysis: Increased Position in Microsoft and Metlife, New Additions to Portfolio, and Divestment in Bloomin' Brands and Lowe's Cos.

CAMG Solamere Management, LLC is an investment firm that manages over $2 billion in assets. In their second quarter of 2021 and third quarter of 2021, they made some significant changes in their holdings. In this post, we will explore those changes and try to understand the reasoning behind them.

Before we analyze the changes in their holdings, let's understand the basics of the 13F filings. 13F reports are filed by institutional investment managers who have over $100 million in assets under management and must be filed within 45 days of the end of the quarter. The report provides a snapshot of the investment manager's portfolio, which includes equity positions in U.S. publicly traded companies. The 13F filings give us a broad overview of the investment manager's portfolio, but it is crucial to remember that it is not a real-time report, and changes can occur anytime after the filing.

Now, let's dive into CAMG Solamere's Q2 2021 vs. Q3 2021 13F Holdings Comparison. In the second quarter of 2021, the firm held 42 equity positions worth $91.7 million, while in the third quarter of 2021, they held 47 equity positions worth $98.7 million. The firm did not make any significant changes to its top holdings, as the top-five positions remained the same in both quarters.

The top holdings of CAMG Solamere in Q2 2021 were:

1. IVV - ISHARES TR

2. LMBS - FIRST TR EXCHANGE-TRADED FD

3. MSFT - MICROSOFT CORP

4. IWR - ISHARES TR

5. IWF - ISHARES TR

In Q3 2021, the top holdings remained the same, but in a slightly different order:

1. IVV - ISHARES TR

2. MSFT - MICROSOFT CORP

3. LMBS - FIRST TR EXCHANGE-TRADED FD

4. IWF - ISHARES TR

5. IWR - ISHARES TR

CAMG Solamere increased its position in Microsoft (MSFT) by 8.2%, the third largest holding of their portfolio. The firm also increased its holdings in Metlife (MET) by 16.8% from 37,289 shares to 42,201 shares, and APA Corporation (APA) by a whopping 31.6% from 55,670 shares to 73,948 shares.

On the other hand, CAMG Solamere reduced its position in United Parcel Service (UPS) by 12.4% from 14,425 shares to 12,627 shares. They also reduced their holdings in Vanguard Municipal Bond Funds (VTEB) by 2%, from 44,879 shares to 44,439 shares.

CAMG Solamere had two new additions to its portfolio in Q3 2021:

- Activision Blizzard Inc (ATVI) with 13,512 shares valued at $1.05 million

- Harley-Davidson Inc (HOG) with 21,617 shares valued at $794,000

Their largest selling activity in Q3 2021 was their complete divestment of Bloomin' Brands Inc (BLMN) and their selling of Lowe's Cos Inc (LOW).

It is important to note that past performance is not indicative of future results, and we should not assume that CAMG Solamere will continue to hold the same positions in the future.

In conclusion, CAMG Solamere Management, LLC made some significant changes in their holdings in Q3 2021. They have increased their position in Microsoft and Metlife and added two new positions to their portfolio. They have also reduced their holdings in UPS and VTEB and have divested in Bloomin' Brands and Lowe's Cos. The changes in their holdings indicate that the firm is actively managing its portfolio and making adjustments based on market conditions and their investment strategy.