Blue Chip Wealth Management, Inc. Q2 2020 vs. Q3 2020: A Look at Top Holdings

As a professional in the finance industry, it's important to keep a pulse on the market and the movements of top players. In particular, tracking holdings of different firms gives us a glimpse into their investing strategies and what they believe will perform well. One such filing is the 13F filing, which institutional investors with over $100 million in assets under management must submit to the SEC. In this article, we'll be examining the Q2 2020 vs. Q3 2020 13F holdings comparisons for Blue Chip Wealth Management, Inc.

Apple Inc (AAPL) was one of the most eye-catching changes in Blue Chip Wealth Management's portfolio. Their shares in the company almost quadrupled from 37079 to 153399, with a corresponding 31.3% increase in value. This reflects the bullish trends that many investors feel towards tech stocks, given their resilience during the pandemic and the continued digitization of our world.

Another notable tech stock that the firm invested in was Amazon.com Inc (AMZN). Their shares in the company increased by 103 from Q2 2020 to Q3 2020, with a 17.5% increase in value. As one of the largest companies in the e-commerce space and with diversified business lines, it's easy to see why investors like Blue Chip Wealth Management would believe in their continued growth.

Microsoft Corp (MSFT) saw a meager 5 share increase from Q2 2020 to Q3 2020, but the corresponding 3.4% increase in value showcases the strength of the tech giant. With continued market dominance in the personal computer and business software space, plus their impressive cloud computing division, Microsoft is a safe bet for many investors.

One of the most substantial increases came from Tesla Inc (TSLA). With increase of 7320 shares, the firm saw a 108.4% increase in value, reflecting the wild run that Tesla has had in the stock market. While some analysts have criticized the price-to-earnings ratio for the company, others believe that it's a growing leader in the electric vehicle space and will continue to disrupt traditional automakers.

These technology companies aren't the only new additions to Blue Chip Wealth Management's portfolio. Waste Management Inc Del (WM), Merck & Co Inc (MRK), and Zoetis Inc (ZTS) were all added to the portfolio with varying levels of investment. Waste Management Inc Del saw notable stability and growth, with an 8.5% increase in value from Q2 2020 to Q3 2020.

On the other hand, Energy Transfer LP (ET) had the largest decrease in value from Q2 2020 to Q3 2020, at a staggering -24% change. This reflects the controversy and uncertainty surrounding the oil and gas industry, with many investors both bullish and bearish on the future prospects of the sector.

Overall, Blue Chip Wealth Management's portfolio reflects a confident and diversified posture towards the stock market, with investments in some of the biggest name technology companies and some notable additions to their portfolio. By analyzing the movements of savvy investors like Blue Chip Wealth Management, financial professionals and average investors alike can gain a better understanding of where the market is headed and what opportunities lie ahead.