By: Manisha Sethi Aug. 13, 2018
McQueen, Ball & Associates, Inc. disclosed its SEC 13F filings for Q1 2018 on April 3 and reported a portfolio value of $163.30 million. Mcqueen, Ball & Associates’ largest holding is 86,124 of Vanguard Large-Cap ETF. Its top 10 holdings constitute 35.61% of the portfolio. The institutional investor’s portfolio is well-diversified with financials capturing the largest share of 34.97%. McQueen, Ball & Associates was founded in 1981 and is based in Bethlehem, Pennsylvania. They are an independent, fee-only investment advisor that offers financial planning and investment management services. Their objective is to help individuals, families, small businesses, and institutions manage their complex financial needs.
According to Raltin, around 49% or 54 new stock buys of McQueen, Ball & Associates, Inc. outperform S&P 500, whereas 51% or 56 new stock buys (between Q1 2014 and Q1 2018) underperform. More specifically, 29 out of 110 new buys outperform the index by more than 10%. Only 9 new buys underperform the index by more than 20%. Raltin’s detailed methodology to calculate performance relative to S&P 500 can be found here. The table below shows the total number of new stock purchases and the various S&P performance categories.
|S&P outperformance category||Number of new stock purchases||Total new purchases (%)|
|10 to 20%||11||10|
|0 to 10%||25||22.73|
|-10 to 0%||39||35.45|
|-20 to -10%||8||7.27|
In Q1 2018, the firm purchased 10 new stocks across various sectors; for instance, Nautilus Minerals, Inc. (NUSMF) from the energy sector forms 1.85% of the portfolio. The table below lists new purchases by the firm as well as their holding value and the number of shares purchased.
|Stocks||Number. of shares||Holding value ($1,000)|
|Nautilus Minerals Inc. (NUSMF)||16,772||3,019|
|S.Y. Bancorp, Inc. (SYBT)||16,570||582|
|iShares Core S&P 500 ETF (IVV)||2,102||558|
|Hibernia Bancorp, Inc. (HIBE)||15,000||473|
|Aspen Insurance Holdings Inc. (AHL)||9,825||441|
|Madrigal Pharmaceuticals, Inc. (MDGL)||2,554||298|
|Nestle S.A. ADR (NSRGY)||3,014||238|
|Lithium Americas Corp. (LAC)||20,000||108|
|Crystal Peak Minerals Inc. (CPMMF)||451,706||107|
|Eco Atlantic Oil & Gas Ltd. Ordinary (ECAOF)||31,169||14|
The following table presents McQueen, Ball & Associates, Inc.’s portfolio value from Q1 2017 to Q1 2016 and the top holdings that outperform S&P 500 in each quarter. In particular, TE Connectivity Ltd. (TEL), Citigroup Inc. (C), Sprint Corp. (S), and Targa Resources Corp. (TRGP) outperform the index by 20%.
|Period||Total portfolio value ($Mn)||Top holdings (Ticker, % of IRR difference from S&P 500)|
|Q1 2017||182.66||TE Connectivity Ltd. (TEL, 22.45),|
|Q3 2016||146,81||Citigroup, Inc. (C, 38.0)|
|Q2 2016||140.96||Kemper Corporation (KMPR, 9.17)|
|Q1 2016||135.91||Sprint Corp. (S, 134.72), Targa Resources Corp. (TRGP, 85.9), GCP Applied Technologies Inc. (GCP, 49.04)|