Hugh Johnson Advisors LLC Q1 vs. Q2 2019: Changes in Portfolio Concentration and Sector Holdings

Hugh Johnson Advisors LLC Q1 2019 vs. Q2 2019 13F Holdings Comparison

Hugh Johnson Advisors LLC is an investment advisory firm located in Albany, New York. The company recently filed its 13F form with the SEC, which provides a list of the firm's holdings at the end of each quarter. The 13F form for Q1 2019 and Q2 2019 reveals some significant changes in the firm's portfolio.

In this blog post, we will take a closer look at the changes in Hugh Johnson Advisors LLC's portfolio, analyzing the holdings of the firm in Q1 2019 and Q2 2019. We will evaluate the differences between the two quarters and highlight the stocks that the firm bought and sold.

Top Stock Holdings

In Q1 2019, the top stock holdings of Hugh Johnson Advisors LLC were Vanguard Total Stock Market, SPDR S&P 500 ETF, and iShares S&P 500 Growth ETF. These three stocks made up over 20% of the firm's portfolio. However, in Q2 2019, the top three stock holdings changed to Select Sector SPDR Healthcare, SPDR S&P 500 ETF, and Vanguard Total Stock Market.

The firm increased its holdings of Select Sector SPDR Healthcare by 37%, making it the top stock holding in the portfolio. The SPDR S&P 500 ETF increased by 9.5%, while the holding of Vanguard Total Stock Market increased by 5.5%.

Healthcare Stocks

One of the significant changes in Hugh Johnson Advisors LLC's portfolio was the significant increase in healthcare stock holdings. The firm increased its holdings in Select Sector SPDR Healthcare by 37%, Becton Dickinson & Co by 30.6%, and Merck & Co Inc by 25%. Allstate Corp was another healthcare stock that increased in holdings by 10.3%.

Consumer Stocks

The firm also increased holdings of consumer stocks in Q2 2019. McDonald's Corp increased by 38%, Yum Brands Inc by 40.9%, and Wal-Mart Stores Inc by 17.3%. Procter and Gamble Co also increased by 22.6%.

Technology Stocks

In Q2 2019, Hugh Johnson Advisors LLC reduced its holdings in the technology sector. NVIDIA Corp decreased by 10%, Intel Corp decreased by 8.7%, and Cisco Systems Inc decreased by 23.8%. However, the firm increased holdings of Microsoft Corp by 37%.

Energy Stocks

The firm decreased holdings of ConocoPhillips by 6.4% and Exxon Mobil Corp by 4%. However, Valero Energy Corp increased in holdings by 1.6%.

Financial Stocks

Hugh Johnson Advisors LLC increased its holdings of JPMorgan Chase & Co by 34.5%, Capital One Financial Corp by 9.5%, and Fifth Third Bancorp by 41.7%. However, the firm decreased its holdings of M & T Bank Corp by 33.8%.

Real Estate Stocks

The firm increased its holdings of Select Sector SPDR Tr Real Estate by 1.6%.

Other Stocks

Other stocks that saw significant changes in holdings were First Republic Bank San Francisco, which decreased by 4.4%, Lowe's Cos Inc, which decreased by 9%, and Check Point Software Tech Ltd, which decreased by 9.8%.

Conclusion

Hugh Johnson Advisors LLC's portfolio changes in Q2 2019 revealed an increased concentration in healthcare and consumer sector stocks. The firm also increased holdings of JPMorgan Chase & Co, Capital One Financial Corp, and Fifth Third Bancorp. However, NVIDIA Corp and Intel Corp decreased in holdings, as did ConocoPhillips and Exxon Mobil Corp. Overall, the changes in the portfolio reflect the firm's strategy to diversify its holdings across various sectors.