The Top 30 Holdings of Roof Advisory Group Inc. in Q1 2019 Compared to Q2 2019

When it comes to analyzing the stock market, 13F filings are a great place to begin. For the uninitiated, 13F filings are quarterly reports submitted by every institutional investment manager that oversees assets of at least $100 million. These reports contain a comprehensive list of the manager's long equity holdings, and they can provide insight into which stocks institutional investors are buying and selling.

Roof Advisory Group Inc. is one such institutional investor, and it recently filed its Q1 2019 and Q2 2019 13F reports. The reports show the stocks that Roof Advisory Group Inc. bought and sold during the first two quarters of 2019. Here are some of the key takeaways from comparing the Q1 and Q2 filings.

Top 10 Holdings

Roof Advisory Group Inc.'s top 10 holdings remained relatively stable between Q1 and Q2 2019. Microsoft Corporation, Apple Inc., Johnson & Johnson, AT&T Inc., and Visa Inc. remained the top five holdings in both quarters. The company increased its stake in Microsoft Corporation, while decreasing its stake in Apple Inc.

New Holdings

In Q2 2019, Roof Advisory Group Inc. added several new stocks to its portfolio. The biggest new holding was Schwab Strategic Trust, with 303,965 shares worth $25,292,000. The company also added shares in Aqua America Inc., with 5827 shares worth $241,000. There were no new holdings in the Q1 report.

Increased Holdings

Roof Advisory Group Inc. increased its holdings in several companies between Q1 and Q2 2019. The biggest increases were in Cognizant Technology Solutions Corp, with a 59.1% increase, and Raytheon Co., with a 0.7% increase. The company also increased its stakes in JPMorgan Chase & Co. and BlackRock Enhanced Capital & Income Fund, Inc. by 9% and 1.6%, respectively.

Decreased Holdings

Roof Advisory Group Inc. decreased its holdings in a few companies between Q1 and Q2 2019. The biggest decrease was in Verizon Communications Inc., with an 82.7% decrease. The company sold all but $721,000 of its stake in the telecommunications giant. The company also decreased its stake in Lowes Companies Inc. by 2.8% and Intel Corp. by 9.6%.

Conclusion

While it's important to remember that 13F filings only provide a snapshot of an institutional investor's holdings and that they may not accurately represent an investor's true intentions, they can provide valuable insights into the stock market. Roof Advisory Group Inc.'s Q1 and Q2 13F filings show that the company made several changes to its portfolio, adding new stocks, increasing stakes, and decreasing stakes in some of its holdings. It will be interesting to see how these changes affect the company's performance in the coming quarters.