Investing in Stocks: A Comparison of Baltimore Capital's Fund Holdings from Q3 2018 to Q1 2019

For investors, recognizing changes in holdings of investment firms can be an important tool in deciding which stocks could provide the best returns for their portfolio. In this article, we will analyze the changes in the Baltimore Capital Management Inc. Fund holdings from Q3 of 2018 to Q1 of 2019.

It's essential to bear in mind that it's not wise to rely solely on comparing the holdings of two distinct reports. However, it can provide a glimpse into the decision-making process and investing philosophy of the management team.

Let's dive into the numbers and examine the most significant changes in the portfolio.

Changes in the Portfolio

BRK-B

Berkshire Hathaway Class B shares had a decreased change of 4.8% in terms of the number of shares held by the fund. Additionally, there was a decrease in the value of holdings by 4.8% from Q3 2018 to Q1 2019.

GLD

During this same period, Baltimore Capital Management trimmed its holding in the SPDR Gold Shares ETF. With a 1.9% decrease in shares and approximately the same decrease in values of holdings, the change indicates a bearish trend in the market outlook for precious metals.

AAPL

In contrast to GLD's decrease, the fund showed increased confidence in Apple Inc., increasing its overall stake by 22.1% and can be attributed to the company's anticipated 5G iPhone release and the growth of Apple's services division.

CVX

Chevron Corporation had a minor decrease of 1.3% in the fund's holdings while indicating a bullish outlook in the oil and gas market.

TROW

T Rowe Price Group's shares saw a slight increase in the fund's holdings with a holding percentage of 0.24%.

SAVE

Spirit Airlines were not held by Baltimore Capital Management as of Q3 2018. However, Q1 2019 showed a massive increase in holdings with 31,535 shares, having a total value of $1.6 million of the fund.

BNS.TO

Bank of Nova Scotia also had a minor decrease in holding with a 17.1% decrease in shares.

LVS

Las Vegas Sands Corporation earned a spot on the report's top five increases with an impressive 113.6% increase in the number of shares held by Baltimore Capital Management, indicating bullish sentiment in the gaming stocks.

IBM

There were no shares for IBM in Q3 2018, but it suddenly emerged as the fifth most significant investment for the portfolio in Q1 2019 by holdings.

Bottom Line

Overall, we can find that Baltimore Capital Management cuts its bets on thirteen stocks while adding the same number of securities to the portfolio. It is worth mentioning that there were some significant changes in the portfolio, possibly showing decisions based on various upcoming market events and projections.

Notably, the finance sector remains the largest allocated sector in the portfolio, showing the team's confidence on industry performance despite the uncertainties from the current economic climate. It is always best to consult a financial advisor or conduct thorough stock research before making any investment decisions.