The Shifts in Foresters Investment Management Company's Q2 2019 vs. Q3 2019 Fund Holdings
Ava Hoppe | 14 May, 2023
Foresters Investment Management Company, Inc. has recently filed their 13F form with the SEC, which unveiled their Q2 2019 vs. Q3 2019 13F holdings comparison. The report shows interesting changes in the company's holdings, with some holdings increasing in value, and some decreasing.
One significant change is in the company's holdings of JPMorgan Chase & Co. (JPM). In Q2 2019, they held 794,494 shares of the company, which decreased to 686,588 in Q3 2019, representing a 9% decline in holdings. At the same time, the value of their holdings in JPMorgan Chase & Co. increased from $88,824,000 to $80,805,000.
Verizon Communications, Inc. (VZ), another of Foresters Investment Management Company's holdings, has also seen a decrease in the number of shares held, dropping from 1,330,794 shares in Q2 2019 to 1,210,675 shares in Q3 2019, representing a decrease of 3.9%. The value of the holdings also decreased from $76,028,000 to $73,076,000.
Microsoft Corp. (MSFT) is another company to have seen a decrease in holdings, with the number of shares held dropping from 516,510 to 488,695, a decrease of 1.8%. However, the value of the holdings in Microsoft Corp. actually increased from $69,192,000 to $67,943,000.
On the other hand, some of the company's holdings have seen an increase in both the number of shares held and the value of the holdings. For example, the company's holdings of Chubb, Ltd. (CB) increased from 382,887 shares to 376,037 shares, while the value of the holdings increased from $56,395,000 to $60,707,000, representing a 7.6% increase.
Coca-Cola Co. (KO) is another holding that has seen an increase in both shares held and value of the holdings. The number of shares held increased from 939,979 to 971,708, representing a 10.5% increase, while the value increased from $47,864,000 to $52,900,000.
Some holdings have remained relatively stable between Q2 2019 and Q3 2019. For example, the number of shares held in U.S. Bancorp (USB) only increased slightly from 664,755 shares to 640,335 shares, representing an increase of 1.7%. The value of the holdings remained relatively stable, increasing only slightly from $34,833,000 to $35,436,000.
In conclusion, Foresters Investment Management Company, Inc.'s Q2 2019 vs. Q3 2019 13F holdings comparison reveals some interesting changes in their holdings. While some holdings have decreased, others have increased, while some have remained relatively stable. It will be interesting to see what changes occur in the future and how these holdings perform over time.
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