The Rise and Fall of Biegel & Waller LLC: A Q2 vs. Q3 2019 13F Holdings Comparison

Biegel & Waller LLC, like any other top-performing hedge fund, is no stranger to changes in holdings. The second quarter (Q2) of 2019 was dominated by technology and banking stocks, with ITOT of iShares TR topping the list with 355,787 shares. On the other hand, Q3 2019 was characterized by a relatively underwhelming performance, with only a few stocks surpassing the 100k shares mark. In this blog post, we will compare the Q2 and Q3 13F holdings of Biegel & Waller LLC, analyzing the significant changes in shares number and value and the reasons why these changes may have occurred.

Biegel & Waller LLC Q2 13F Holdings

In Q2 of 2019, Biegel & Waller LLC had 31 holdings, with a total market value of $122.9 million. The top ten holdings were dominated by iShares TR, with ITOT taking the top spot, followed by iShares TR IXUS and iShares TR EEM, with 285,562 and 359,236 shares, respectively. The technology industry dominated the Q2 holdings, with Microsoft Corp and Apple Inc also featuring among the top ten holdings. Furthermore, the banking industry was well-represented, with Citigroup Inc, Bank Amer Corp, and JPMorgan Chase & Co being among the top holdings. Other notable holdings included Unitedhealth Group Inc, American Tower Corp New, and Chevron Corp New.

Biegel & Waller LLC Q3 13F Holdings

In Q3 2019, Biegel & Waller LLC had 47 holdings, with a total market value of $105.3 million. The top ten holdings were dominated by iShares TR, although the number of shares held decreased compared to Q2. The leading stock for Q3 was iShares TR EEM, with 357,129 shares, followed by iShares Inc EEMV and iShares TR IXUS. Notably, Sinclair Broadcast Group Inc and iShares Tr IUSV appeared in the top ten Q3 holdings, unlike in Q2. The healthcare industry was well-represented in Q3, with Johnson & Johnson and Bristol Myers Squibb Co being among the top holdings. Furthermore, the airline industry also featured prominently, with American Airlines Group Inc featuring in the top ten holdings.

Changes in Holdings for Biegel & Waller LLC

During the Q2 vs. Q3 comparison, Biegel & Waller LLC holdings underwent significant changes. Some of the top loss makers include iShares Inc EEMV, with the number of shares held declining by 32.2% from 321,217 to 224,695, and Delta Air Lines Inc Del, with shares held decreasing by 26.6% from 136,342 to 98,615. In contrast, iShares Tr IUSV and iShares Inc IEMG increased their stake significantly, with share numbers going up by 64.1% and 54.7%, respectively. Citigroup Inc shares also increased by 2.1%, but with a marginal decrease in value. Notably, shares of Cisco Sys Inc decreased, with the number of shares held falling by 37.5%. Furthermore, the value of the shares held decreased from Q2’s $592,000 to $370,000 in Q3.

Conclusion

In conclusion, Biegel & Waller LLC, like any other hedge fund, is continually recalibrating its holdings to maximize returns. The firm’s Q2 holdings largely consisted of technology and banking stocks, with iShares Tr ITOT, iShares TR IXUS, and iShares TR EEM taking the top three spots. However, the Q3 holdings were relatively underwhelming, with only iShares TR EEM surpassing the 300k share mark. The healthcare industry was well-represented, featuring Johnson & Johnson and Bristol Myers Squibb Co among its top holdings. Overall, Biegel & Waller LLC has shown an ability to pivot and reallocate holdings during the turbulent times of 2019, marking them as one of the top hedge funds in the world.