Investment Report: South Texas Money Management Ltd Q2 2019 vs. Q3 2019

South Texas Money Management Ltd is a Texas-based investment firm that offers various portfolios to its clients. Since it was founded in 2000, the company has grown to have assets under management (AUM) of over $3 billion. In this blog post, we'll focus on the changes in holdings of one of its funds in the second quarter of 2019 (Q2 2019) and the third quarter of 2019 (Q3 2019).

"IJR,"ISHARES CORE S&P SMALL-CAP ETF",,2131220,2021699,166832,157369,-5.7

In the Q3 2019, the company decreased its holdings in Ishares Core S&P Small-cap ETF by 5.7%, selling 109,521 shares. The value of the shares sold was $9,463,000. This is a significant reduction in holdings, and it might indicate that the company is decreasing its exposure to small-cap stocks.

"XLU,"SECTOR SPDR TRUST SBI INT-UTIL",,1999215,2162526,119213,140002,17.4

The company increased its holdings in Sector SPDR Trust SBI Int-Util by 17.4%, buying 162,311 shares. The value of the shares bought was $20,789,000. The utility sector is known for its stable dividends and low volatility, and this increase might indicate that the company is looking for safe-haven investments.

"EW,"EDWARDS LIFESCIENCES CORP",,339345,316775,62691,69662,11.1

The company decreased its holdings in Edwards Lifesciences Corp by 11.1%, selling 22,570 shares. The value of the shares sold was $6,971,000. Edwards Lifesciences is a medical technology company that specializes in heart valves, and this reduction might indicate that the company is reducing its exposure to the healthcare sector.

"GLD,"SPDR GOLD TRUST",,509671,462248,67888,64192,-5.4

The company decreased its holdings in SPDR Gold Trust by 5.4%, selling 47,423 shares. The value of the shares sold was $3,696,000. Gold is considered a safe-haven investment in times of economic uncertainty, and this reduction might indicate that the company is becoming more optimistic about the future of the U.S. economy.

"MSFT,"MICROSOFT CORP",,631664,443065,84618,61599,-27.2

The company decreased its holdings in Microsoft Corp by 27.2%, selling 188,599 shares. The value of the shares sold was $23,019,000. Microsoft is one of the most valuable companies in the world, and this reduction might indicate that the company is looking for more undervalued investments.

"SYY,"SYSCO CORP",,898511,752554,63543,59753,-6

The company decreased its holdings in Sysco Corp by 6%, selling 145,957 shares. The value of the shares sold was $4,790,000. Sysco is a foodservice distribution company, and this reduction might indicate that the company is reducing its exposure to the consumer sector.

"MRK,"MERCK& CO. INC.",,645800,620437,54150,52228,-3.5

The company decreased its holdings in Merck& Co. Inc. by 3.5%, selling 25,363 shares. The value of the shares sold was $1,922,000. Merck is a pharmaceutical company, and this reduction might indicate that the company is reducing its exposure to the healthcare sector.

"ADBE,"ADOBE INC.",,196605,187996,57930,51934,-10.4

The company decreased its holdings in Adobe Inc. by 10.4%, selling 8,609 shares. The value of the shares sold was $5,996,000. Adobe is a well-known software company, and this reduction might indicate that the company is taking profits from a previously successful investment.

"AMZN,"AMAZON.COM INC",,24766,29046,46898,50421,7.5

The company increased its holdings in Amazon.com Inc by 7.5%, buying 4,280 shares. The value of the shares bought was $13,141,000. Amazon is one of the largest companies in the world, and this increase might indicate that the company is still bullish on its growth prospects.

"BAC,"BANK OF AMERICA CORP",,1696337,1624225,49194,47379,-3.7

The company decreased its holdings in Bank of America Corp by 3.7%, selling 72,112 shares. The value of the shares sold was $2,178,000. Bank of America is one of the largest banks in the U.S., and this reduction might indicate that the company is reducing its exposure to the financial sector.

Conclusion

The changes in holdings of South Texas Money Management Ltd's funds in Q2 2019 and Q3 2019 reflect the company's investment strategy. While the company decreased its exposure to some sectors, it increased its exposure to others. These changes might indicate that the company is trying to balance its portfolio to make the most of the current economic climate. However, it's essential to note that these changes might not reflect the future performance of the companies listed in the table. It's always wise to do your due diligence before making any investment decisions.