NorthCoast Asset Management, LLC's Q2 vs. Q3 2021 13F Holdings Comparison: Increases in IVV and AAPL, Decreases in IJH and UNH
Ava Hoppe | 18 April, 2023
Introduction:
NorthCoast Asset Management, LLC is a registered investment adviser that provides customized managed accounts, mutual funds, alternative investments, and other investment services to individuals and institutions. One of the important tools that NorthCoast Asset Management, LLC uses to track the fund's holdings is called the 13F filing. This document is required by the SEC and is due 45 days after the end of each quarter. This document provides a snapshot of the changes in a fund's holdings over the previous quarter. In this blog post, we will take a closer look at NorthCoast Asset Management, LLC's Q2 2021 vs. Q3 2021 13F Holdings Comparison.
IVV:
The first holding we will look at is IVV, an ETF provided by iShares. In Q2 2021, NorthCoast Asset Management, LLC held 357,328 shares of IVV with a value of $153,802 thousand. In Q3 2021, the number of shares held increased to 373,220, with a value of $160,974 thousand. This represents an increase of 4.7%. This shows that NorthCoast Asset Management, LLC believes that investing in an ETF that tracks the S&P 500 is a good investment strategy.
AAPL:
The second holding we will look at is Apple Inc. In Q2 2021, NorthCoast Asset Management, LLC held 804,307 shares of Apple with a value of $110,224 thousand. In Q3 2021, the number of shares held increased to 863,189 with a value of $122,210 thousand. This represents an increase of 10.9%. This shows that NorthCoast Asset Management, LLC believes that Apple Inc. is a good investment opportunity.
MBB:
The third holding we will look at is MBB, a bond ETF provided by iShares. In Q2 2021, NorthCoast Asset Management, LLC held 684,469 shares of MBB with a value of $74,154 thousand. In Q3 2021, the number of shares held increased to 694,901, with a value of $75,224 thousand. This represents an increase of 1.4%. This shows that NorthCoast Asset Management, LLC believes that investing in bonds is still a good investment strategy.
IJH:
The fourth holding we will look at is IJH, a small-cap ETF provided by iShares. In Q2 2021, NorthCoast Asset Management, LLC held 318,015 shares of IJH with a value of $85,567 thousand. In Q3 2021, the number of shares held decreased to 282,744 with a value of $74,495 thousand. This represents a decrease of 12.9%. This shows that NorthCoast Asset Management, LLC may not believe that small-cap stocks are a good investment opportunity at this time.
UNH:
The fifth holding we will look at is UnitedHealth Group Inc. In Q2 2021, NorthCoast Asset Management, LLC held 190,151 shares of UnitedHealth with a value of $76,332 thousand. In Q3 2021, the number of shares held decreased to 182,932 with a value of $71,671 thousand. This represents a decrease of 6.1%. This shows that NorthCoast Asset Management, LLC may not believe that UnitedHealth Group Inc. is a good investment opportunity at this time.
Conclusion:
In conclusion, NorthCoast Asset Management, LLC's Q2 2021 vs. Q3 2021 13F Holdings Comparison shows that the fund has increased its holdings in some stocks and decreased its holdings in others. This indicates that the fund is actively managing its portfolio and making investment decisions based on their research and analysis. It is important to note that these are only some of the holdings that NorthCoast Asset Management, LLC has reported, and there may be other holdings that are not included in this summary. As always, investors should conduct their own research and analysis before making investment decisions.
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