Noven Financial Group's Q4 2019 vs. Q1 2020: Major Changes in Fund Holdings

The latest 13F filings show that Noven Financial Group, Inc. has made significant changes to its fund holdings between Q4 2019 and Q1 2020. In total, the group has increased its holdings in 10 companies and decreased them in 19 others.

One of the most significant changes was the increase in Noven Financial Group's holdings of "ISHARES TR" (IWF). In Q4 2019, the group held 14,085 shares in the company, worth $2.4 million. However, by Q1 2020, this figure had dramatically increased to 94,176 shares, worth $14.2 million. This represents an increase of 472.6%.

Some of the other notable increases in holdings include:

- "ISHARES GOLD TRUST" (IAU): holdings increased by 4%, from 242,043 shares to 242,246 shares, worth $3.5 million to $3.6 million.

- "APPLE INC" (AAPL): holdings increased by 14%, from 5,444 shares to 6,201 shares, worth $1.6 million to $1.6 million.

- "AMAZON COM INC" (AMZN): holdings increased by 9%, from 226 shares to 234 shares, worth $418,000 to $456,000.

- "AMPIO PHARMACEUTICALS INC" (AMPE): holdings increased by 17%, from 123,172 shares to 202,459 shares, worth $72,000 to $84,000.

On the other hand, some of the companies that Noven Financial Group decreased its holdings for include:

- "ISHARES TR" (IWP): holdings decreased by 93.5%, from 189,743 shares to 15,461 shares, worth $28.9 million to $1.9 million.

- "ISHARES TR" (IVW): holdings decreased by 93.3%, from 143,273 shares to 11,312 shares, worth $27.7 million to $1.9 million.

- "BEST BUY INC" (BBY): holdings decreased by 37.2%, from 4,500 shares to 4,354 shares, worth $395,000 to $248,000.

- "NETFLIX INC" (NFLX): holdings decreased from 0 to 617 shares, worth $0 to $232,000.

It's important to note that Noven Financial Group's total investment portfolio value decreased from $182.5 million in Q4 2019 to $66.8 million in Q1 2020 - a drop of 63.4%. This could be attributed to a range of factors, including the economic impacts of COVID-19.

Despite this, the group's strategic increase in select company holdings suggests a confidence in the long-term prospects of these businesses. It remains to be seen whether Noven Financial Group will continue to pursue these investment strategies in the coming quarters.