Comparing Ancora Inverness, LLC's Q2 and Q3 2016 Holdership Changes: A Comprehensive Analysis

In the financial industry, 13F reports are critical indicators of a fund’s holdings, and potential investors use them to determine the effectiveness of a fund's investment strategy. 13F is a quarterly report that funds with over $100 million in assets under management are required to file with the Securities and Exchange Commission (SEC). Most of these reports are filed within 45 days of the end of each quarter.

Through the Q3 2016 filings, it’s apparent that Ancora Inverness, LLC had a significant number of changes in its portfolio holdings, approximately 60% of its holdings changed. The fund decreased its shares in 16 companies and increased its position in 14 companies in the Q3 2016. Among the companies it sold positions in are Smucker J M CO, Schlumberger Ltd, and Pepsico INC. On the other hand, Oracle Corp, Amazon.com INC, and Gilead Sciences INC. were among the companies it increased its holdings with during the quarter.

Companies with the highest gain in shares includes Weyerhaeuser Co which increased by 107% or from 39,804 to 82,336 shares, or $1,185,000 to $2,630,000 in value. Harris Corporation increased by 38% from 16,885 to 23,339 shares, equivalent to $1,409,000 to $2,138,00 in monetary value. During Q3 of 2016, the least amount of shares reported by Ancora Inverness LLC was that of Nordson Corporation with 20,245 shares worth $2017.

The report shows that Ancora Inverness LLC’s top five holdings by shares remained the same as in Q2 2016, but the value of each holding had mostly increased. Apple Inc. remains on top of the holding list with 75,339 shares worth $8,517,000, followed by Microsoft Corporation with 44,381 shares worth $2,556,000, and Union PAC Corp with 40,225 shares worth $3,923,000. Other top holdings by shares include UnitedHealth Group Inc and Chevron Corp New.

In terms of industry distribution, Ancora Inverness LLC increased its exposure in the healthcare sector by 23.03%, while decreasing its holdings in the basic materials sector by 19.16% during the period under review. Ancora maintained a higher weightage in Healthcare, Financials, and Information Technology sectors, while Consumer Staples, Consumer Discretionary, and Energy sectors held the lowest. The communications sector’s weightage was revised to 1.28%.

In conclusion, Ancora Inverness LLC's Q3 2016 holdings report shows a considerable amount of changes in its holdings. The fund has a well-diversified portfolio across various sectors, ultimately indicating successful management strategy. Ancora Inverness LLC’s performance against its benchmark and other competitors is yet to be determined, and analyzing future 13F filings may provide a better understanding.