Comparing Cougar Global Investments Ltd's 13F Holdings in Q2 2020 and Q3 2020

Investment management firm Cougar Global Investments Ltd recently released their latest 13F filings for Q3 2020, which revealed several changes in their top holdings compared to the previous quarter. Here, we take a closer look at the changes and what they could indicate for the markets.

Introduction

For those unfamiliar with the world of finance, 13F filings are quarterly reports that disclose institutional holdings of publicly traded companies. These reports offer insight into what the biggest investment firms are buying and selling, and can provide a glimpse into the overall direction of the markets.

Cougar Global Investments Ltd, a firm that manages more than $1 billion in assets, recently released their 13F filings for Q3 2020, revealing a number of changes in their top holdings compared to the previous quarter. We'll examine those changes and explore what they could mean for investors.

Main Body

The first change that stands out is Cougar Global Investments' reduced position in the iShares Canadian Corp Bond Index ETF, which dropped by 24.5% from Q2 to Q3. This suggests that the firm may be less bullish on Canadian corporate bonds in the short term, which could be due to concerns around the economic impact of the ongoing COVID-19 pandemic.

Another notable change is Cougar Global Investments' increased position in the iShares Core S&P 500 ETF, which was up 4.2% from Q2 to Q3. This indicates that the firm is more bullish on US large-cap equities, which have been performing well in recent months thanks to strong earnings reports and ongoing fiscal stimulus.

Cougar Global Investments also reduced its position in the iShares Gold Trust ETF by 14.5%, suggesting that the firm may be less bullish on gold as a safe haven asset in the short term.

The firm's increased position in the iShares MSCI Germany ETF is also worth noting, as it suggests that Cougar Global Investments may be more optimistic about the recovery of European markets in the coming months.

On the other hand, Cougar Global Investments' reduced position in the iShares MSCI Core MSCI EAFE ETF indicates that the firm may be less bullish on international equities as a whole.

Conclusion

Overall, Cougar Global Investments' latest 13F filings indicate that the firm is bullish on US large-cap equities and German markets, but less optimistic about Canadian corporate bonds and gold as a safe haven asset.

It's worth noting that 13F filings only provide a snapshot of institutional holdings at a single point in time, and should not be considered as gospel. Nevertheless, they can offer useful clues as to where the biggest investment firms are placing their bets, and can help inform investors' decision-making processes.

As always, it's important for investors to conduct their own due diligence and create a well-diversified portfolio that aligns with their long-term investment goals.