Hillswick Asset Management's Q4 2018 vs. Q1 2019 Portfolio Changes: A Closer Look

Hillswick Asset Management, LLC recently released their Q4 2018 vs. Q1 2019 13F holdings comparison, detailing the changes in the fund's portfolio during this period. The fund's holdings include a range of sectors and companies, including the Technology Select Sector SPDR, Health Care Select Sector SPDR, and Financial Select Sector SPDR F.

One of the most significant changes during this period was the increase in holdings of the Technology Select Sector SPDR, even though the increase was only by a marginal percentage. The Health Care Select Sector SPDR, on the other hand, witnessed no change in the percentage of shares held by the fund despite a small increase in the number of shares held.

The Financial Select Sector SPDR F saw a 7.8% increase in the value of its shares held by the fund, indicating a preference for financial investments. The Industrial Select Sector SPDR saw a 16.4% increase in value, becoming the second-largest holding of the fund in terms of value. The Consumer Staples Select Sector witnessed a 10.4% increase in value, while the Verzion Communications and AT&T both recorded 5.1% and 9.8% increase respectively, in the number of shares held.

In contrast, the Utilities Select Sector SPDR F, Materials Select Sector SPDR F, and Consumer Discretionary Select sector SPDR F all saw percentage decreases in the shares held and their value.

It is interesting to note that the fund's holdings complete revolve around the S&P 500 Index with no other investment choice. This could be a signal that the fund's investment philosophy is centered around index investing, which is reflected in the choice of companies and sectors.

In conclusion, Hillswick Asset Management, LLC Q4 2018 vs. Q1 2019 13F holdings comparison reveals that the fund's focus is evenly spread out amongst the different sectors. Still, the largest holdings can be seen in technology, financials, and industrials. The investment choices support the hypothesis that the investment philosophy of the fund is primarily around index investing.