Investing Insights: Squar Milner's Q2 2020 vs. Q3 2020 13F Holdings Comparison

As the stock market continues to fluctuate due to the ongoing pandemic, many investors are looking to see how financial institutions are managing their 13F holdings. Squar Milner Financial Services LLC recently released their Q2 2020 vs. Q3 2020 13F Holdings Comparison, revealing some noteworthy changes.

One major trend from the comparison is that Squar Milner reduced its position in several exchange-traded funds (ETFs). For instance, the firm eliminated its shares in SPDR S&P 500 ETF Trust (SPY), SPDR Portfolio S&P 500 Growth ETF (SPYG), and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). Similarly, the firm sold out its holdings in SPDR Gold Trust (GLD), ISHARES TR (IVV) and ISHARES TR (IEF) during the third quarter of this year.

Squar Milner also got rid of stocks in some prominent companies like Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Alphabet Inc. (GOOGL) during Q3 2020. The firm completely sold its holdings in these companies. In contrast, Squar Milner boosted its position in certain companies such as AT&T Inc. (T), which witnessed an increase of 29209 shares.

Looking at the financial sector, Squar Milner invested in Berkshire Hathaway Inc. Del (BRK-B) during Q3 2020. The firm bought 8915 shares of the conglomerate holding company, valued at $1591,000. Squar Milner also increased its exposure to JPMorgan Chase & Co. (JPM) by 12450 shares.

In the healthcare sector, Squar Milner decreased its holdings in Johnson & Johnson (JNJ). The firm divested 14863 shares of the company's stocks, reducing their stake by 100% to zero shares. On the contrary, the firm added new positions in companies like Anavex Life Sciences Corp. (AVXL), acquiring 130,000 shares during Q3 2020.

In summary, the Squar Milner Q2 2020 vs. Q3 2020 13F Holdings Comparison highlights the firm’s strategy to strengthen its position in some companies while divesting its position in others. While the COVID-19 pandemic continues to be a significant obstacle for investors, Squar Milner's investment activities give some crucial insight into how financial institutions are pivoting their investment strategies.