Steinberg Global Asset Management Q4 2018 vs. Q1 2019 13F Holdings Comparison

Investing in the stock market is always a risk, but it can also be rewarding. To minimize the risk, portfolio managers often diversify their investment. One of the oldest and most popular investment strategies is to invest in mutual funds. Mutual funds offer investors a convenient way to invest their money across a diversified portfolio of stocks or bonds. In this blog post, we will analyze the holdings of the Steinberg Global Asset Management fund and see how it has changed from Q4 2018 to Q1 2019.

Steinberg Global Asset Management is a private investment firm that provides asset management services to institutions and high-net-worth individuals. The firm manages money across multiple asset classes, including equities, fixed income, and alternative investments. Like other funds, Steinberg is required to file a quarterly report of its holdings with the SEC. These reports are publicly available and are known as 13F filings.

The Q4 2018 13F filing for Steinberg Global Asset Management shows that the fund held 32 stocks with a total value of $377.8 million. The Q1 2019 13F filing shows that the fund held 33 stocks with a total value of $372.9 million. This represents a slight decrease of 1.3% in the total value of the fund’s holdings.

The top five holdings of the Steinberg Global Asset Management fund in Q4 2018 were USMV, XLK, IJH, IJR, and IUSV. These stocks accounted for 33.6% of the fund’s total value. In Q1 2019, the top five holdings were XLK, PEPSICO INC, IJH, IJR, and IUSV, which accounted for 34.8% of the fund’s total value. The most significant change was the addition of PEPSICO INC to the top five holdings in Q1 2019.

The fund increased its holdings in XLK, IJH, IJR, IUSV, PEP, BA, ENB.TO, BIP, and PRU in Q1 2019 compared to Q4 2018. On the other hand, the fund reduced its holdings in USMV, XLF, TPL, XLC, MRK, HD, and VTR.

One of the most significant changes in the holdings of the fund was the addition of TAPESTRY INC, which accounted for 3.5% of the total value of the fund’s holdings in Q1 2019. On the other hand, the fund completely sold out its holdings in DUK, MXIM, and FLOT.

In conclusion, the Steinberg Global Asset Management 13F filings reveal that the fund slightly decreased its total value of holdings from Q4 2018 to Q1 2019. The fund’s top five holdings in Q4 2018 and Q1 2019 were similar, with the addition of PEPSICO INC in Q1 2019. The fund increased its holdings in some stocks while reducing them in others. Finally, the fund added TAPESTRY INC to its holdings and sold out its holdings in DUK, MXIM, and FLOT.