Willingdon Wealth Management Q4 2019 vs. Q1 2020 13F Holdings Comparison

In the world of finance, investment management firms like Willingdon Wealth Management play a vital role in managing the assets of their clients to achieve better risk-adjusted returns. The quarterly 13F filings of institutional investment managers with the Securities and Exchange Commission (SEC) provide a glimpse into the holdings and trades of these firms. In this blog post, we will compare Willingdon Wealth Management's Q4 2019 and Q1 2020 13F filings to analyze the changes in their portfolio holdings. We will provide insights into the notable buys and sells, and the overall portfolio allocation. Let's dive in.

Q4 2019 vs. Q1 2020: Overview

According to the 13F filings, Willingdon Wealth Management's total market value of holdings decreased from $317.8 million in Q4 2019 to $305.3 million in Q1 2020, a decline of 3.9%. The number of holdings also decreased from 48 to 44. Out of these 44 holdings, 19 stocks had increased in value, while 25 had decreased.

Top Buys

Some of the notable buys in Q1 2020 were:

• Dominion Energy (D): Willingdon Wealth Management increased its position in Dominion Energy by 242, on the back of declining stock prices due to lower energy demand amid the COVID-19 pandemic.
• Coca Cola European Partners (CCEP.AS): The firm established a new position in Coca Cola European Partners by buying 32,338 shares, which could be a long-term bet on the beverage industry.

  Top Sells

  Some of the notable sells in Q1 2020 were:

• Apple (AAPL): Willingdon Wealth Management reduced its exposure to Apple by selling 9,173 shares, amid concerns of declining consumer demand due to economic uncertainty.
• SPDR S&P 500 ETF Trust (SPY): The firm sold 5,088 shares of the SPDR S&P 500 ETF Trust, which tracks the performance of the broader market. This could be a move to hedge the firm's exposure to equity markets.

  Portfolio Allocation

  Willingdon Wealth Management's top five holdings were Microsoft (MSFT), SPDR Gold Trust (GLD), Public Storage (PSA), Waste Management (WM), and Apple (AAPL). These stocks accounted for 41.2% of the portfolio, with Microsoft being the largest holding at 9.4% of the portfolio. The sector-wise allocation of the portfolio was primarily concentrated in Information Technology (29.7%), followed by Real Estate (14.7%), and Health Care (12.9%). The firm's exposure to Consumer Discretionary, Consumer Staples, and Energy sectors decreased significantly in Q1 2020 compared to Q4 2019.

  Conclusion

  In conclusion, Willingdon Wealth Management's Q1 2020 13F filings reveal a few interesting insights into their investment strategy. The firm made some big bets on Dominion Energy and Coca Cola European Partners, while reducing its exposure to Apple and the broader equity market. The firm's portfolio also saw a shift in sectoral allocation as it reduced its exposure to certain sectors while increasing its allocations in others. It's worth noting that the 13F filings may not be the complete picture of the firm's investment strategy, as they disclose their holdings only after forty-five days of the quarter end. Nonetheless, these filings provide us with valuable information to analyze changes in the portfolio holdings and investment trends of institutional investment managers.