Analyzing AGF Investments LLC Q2 2022 vs. Q3 2022 13F Holdings: Tech and Healthcare Sectors Lead the Way

As Q3 comes to a close, it’s time to look back at the changes in holdings of AGF Investments LLC, a leading asset management firm. In this analysis, we compare their Q2 2022 and Q3 2022 13F holdings to highlight the top performers and the underdogs.

To begin, the total value of AGF’s holdings decreased from $1,153,604,000 in Q2 to $1,092,975,000 in Q3. This represents a decrease of 5.26%. However, it’s important to note that the number of shares held increased from 82,178,294 to 87,088,471, a 5.97% increase.

Now, let’s dive into the top performers. The healthcare sector was the clear winner here, with the Health Care Select Sector SPDR ETF (XLV) increasing from 664,182 shares to 1,013,386 shares, representing a 44.10% increase, and the Neurocrine Biosciences Inc. (NBIX) increasing from 10,902 shares to 16,003 shares, representing a 59.90% increase. Interestingly, AGF Investments also opened a new position on The J M Smucker Co. (SJM), with 7,533 shares, and added to their position in Johnson & Johnson (JNJ), increasing from 6,730 shares to 10,322 shares, representing a 41.10% increase.

The technology sector, on the other hand, was the underdog, with the SPDR S&P Technology Select Sector ETF (XLK) decreasing from 1,619,227 shares to 1,182,403 shares, representing a 31.80% decrease. The Communication Services Select Sector SPDR Fund (XLC) also took a hit, decreasing from 1,418,661 shares to 1,418,585 shares, representing an 11.80% decrease. AGF Investments also closed their position in Pegasystems Inc. (PEGA), selling 4,000,000 shares.

In the financial sector, AGF Investments maintained their position in the Financial Select Sector SPDR ETF (XLF), with no change in the number of shares held (2,495,042), but saw a decrease in the value of these shares from $78,469,000 in Q2 to $75,749,000 in Q3, representing a 3.50% decrease.

In the energy sector, the SPDR S&P Energy Select Sector ETF (XLE) increased from 827,037 shares to 1,027,074 shares, representing a 25.10% increase, while AGF Investments closed their position in Arch Capital Group Ltd. (ACGL), selling all of their shares.

In the materials sector, the Materials Select Sector SPDR ETF (XLB) maintained the same number of shares held (787,958), but saw a decrease in the value of these shares from $57,994,000 in Q2 to $53,589,000 in Q3, representing a 7.60% decrease.

AGF Investments also added several new positions in Q3, including Hello Group Inc. (with 6,883,000 shares), Pinduoduo Inc. (with 6,124,000 shares), and Wayfair Inc. (with 5,500,000 shares).

In conclusion, AGF Investments LLC’s Q3 13F holdings show that their healthcare holdings were the top performers, while their technology holdings took a hit. It will be interesting to see if these trends continue into Q4 or if there will be a shift in the market.