Cadence Capital Management LLC Q2 2020 vs. Q3 2020: Analyzing Major Changes in Holdings

Cadence Capital Management LLC, one of the leading investment management firms, has recently released its Q3 2020 13F holdings. The report shows a comparison of 13F holdings between Q2 2020 and Q3 2020. In this blog post, we will discuss the major changes in the portfolio and analyze the top-performing stocks during this period.

One of the top holdings in Q2 2020 was Enterprise Prods Partn Com (EPD) with 2,210,588 shares. However, in Q3 2020, the firm decreased its shares by 0.3% and held 2,203,410 shares. The Q2 2020 value was $40,166,000, which decreased by 13.4% to $34,792,000 in Q3 2020.

Magellan Midstream Prt Com Uni (MMP) was also one of the major holdings in Q2 2020 with 621,888 shares. However, in Q3 2020, the firm decreased its shares by 21.2% and held 618,778 shares. The Q2 2020 value was $26,847,000, which decreased by 21.2% to $21,162,000 in Q3 2020.

Similarly, the firm decreased its shares of Kinder Morgan Inc Kans Com (KMI) from 1,336,808 shares to 1,319,565 shares, a decrease of 1.3%. The Q2 2020 value was $20,279,000, which decreased by 19.8% to $16,270,000 in Q3 2020.

In spite of the overall decrease in holdings, the firm also made some interesting purchases during this period. One of the stocks that the firm bought during Q3 2020 was Infosys Limited Sponsored ADR (INFY). The firm held 170,417 shares of Infosys Limited, a new addition to their portfolio. The value of shares held was $1,646,000.

Another stock that Cadence Capital Management LLC added to their portfolio during Q3 2020 was Rattler Midstream LP (RTLR). The firm held 301,292 shares of RTLR, with a value of $1,793,000.

It is also interesting to note that the firm bought additional shares of Target Corp Com (TGT) during this period, increasing their shares from 18,156 to 14,407, a 4.2% increase. The Q2 2020 value was $2,177,000, which increased by 4.2% to $2,268,000 in Q3 2020.

In conclusion, Cadence Capital Management LLC made some significant changes to its portfolio during Q3 2020. While some holdings decreased, the firm also made some interesting purchases during this period. Analysts will be watching closely to see how these changes impact the firm's performance in the coming months.