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 categoryNumber of new stock purchasesTotal new purchases (%)
>20%1816.36
10 to 20%1110
0 to 10%2522.73
-10 to 0%3935.45
-20 to -10%87.27
<-20%98.18
Total stocks110

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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.

StocksNumber. of sharesHolding value ($1,000)
Nautilus Minerals Inc. (NUSMF)16,7723,019
S.Y. Bancorp, Inc. (SYBT)16,570582
iShares Core S&P 500 ETF (IVV)2,102558
Hibernia Bancorp, Inc. (HIBE)15,000473
Aspen Insurance Holdings Inc. (AHL)9,825441
Madrigal Pharmaceuticals, Inc. (MDGL)2,554298
Nestle S.A. ADR (NSRGY)3,014238
Lithium Americas Corp. (LAC)20,000108
Crystal Peak Minerals Inc. (CPMMF)451,706107
Eco Atlantic Oil & Gas Ltd. Ordinary (ECAOF)31,16914

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%.

PeriodTotal portfolio value ($Mn)Top holdings (Ticker, % of IRR difference from S&P 500)
Q1 2017182.66TE Connectivity Ltd. (TEL, 22.45),
Q4 2016149.96
Q3 2016146,81Citigroup, Inc. (C, 38.0)
Q2 2016140.96Kemper Corporation (KMPR, 9.17)
Q1 2016135.91Sprint Corp. (S, 134.72), Targa Resources Corp. (TRGP, 85.9), GCP Applied Technologies Inc. (GCP, 49.04)