FIL Ltd recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
FIL Limited, renamed as Fidelity Worldwide Investments in 2011, is an asset management company that was established in 1969 as an international investment division under Fidelity Investments, which was founded in 1946. The company began with an international outlook, already having an office established in Tokyo when it was founded. FIL Limited would then continue to expand on an international scale, opening its branch in London in 1973, Hong Kong in 1981, and Taipei in 1986 The company became fully independent in 1980 and is privately owned by its management and members of the original founding family. Fidelity Worldwide Investments, as its name suggests, focuses on providing services on an international scale. Today the company has physical locations in 24 countries including Australia, China, Dubai, India, Japan, Singapore, Taiwan, Tunisia, and much of Europe. Fidelity Worldwide Investments employs over 7000 people, including over 400 portfolio managers and research professionals that are located around the globe. It has won awards such as the Fund House of the Year, DC Provider of the Year, and Premier Group Award in its history and today is one of the “world’s largest providers of investment strategies across asset classes, and retirement solutions.” Fidelity Worldwide Investments has millions of retail clients, banks, financial, advisors, institutions, and corporations in its diverse client base, including over 450 institutions such as pension funds, life insurers, endowment funds, sovereign wealth funds, and family offices as well as 850 companies. The company sees markets as “semi-efficient,” focusing on an active bottom up investment approach built heavily on research as its investment philosophy. Fidelity Worldwide Investments actively covers “over 80 percent of the world’s market capitalization and global investment grade credit universe at any point in time,” all unified on a single platform that is shared company wide. Some of the company’s mutual funds include Growth & Income, Global Property, World Fund, Global Telecommunications, and a variety of funds focused on various countries.
As of the latest 13F report, the guru’s equity portfolio contained 844 stocks valued at a total of $77.74Bil. The top holdings were MSFT(2.84%), RY(2.75%), and CP(2.58%).
According to GuruFocus data, these were FIL Ltd’s top five trades of the quarter.
ICICI Bank Ltd
During the quarter, FIL Ltd bought 18,450,949 shares of NYSE:IBN for a total holding of 18,870,980. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $21.13.
On 11/10/2022, ICICI Bank Ltd traded for a price of $23.315 per share and a market cap of $81.20Bil. The stock has returned 12.21% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, ICICI Bank Ltd has a price-earnings ratio of 21.63, a price-book ratio of 3.35, a price-earnings-to-growth (PEG) ratio of 2.21 and a price-sales ratio of 5.42.
The price-to-GF Value ratio is 1.60, earning the stock a GF Value rank of 1.
Johnson & Johnson
During the quarter, FIL Ltd bought 2,386,271 shares of NYSE:JNJ for a total holding of 4,279,596. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $169.22.
On 11/10/2022, Johnson & Johnson traded for a price of $173.87 per share and a market cap of $454.61Bil. The stock has returned 8.52% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Johnson & Johnson has a price-earnings ratio of 24.22, a price-book ratio of 6.10, a price-earnings-to-growth (PEG) ratio of 6.21, a EV-to-Ebitda ratio of 15.31 and a price-sales ratio of 4.84.
The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 5.
Rogers Communications Inc
During the quarter, FIL Ltd bought 8,885,395 shares of NYSE:RCI for a total holding of 35,387,464. The trade had a 0.44% impact on the equity portfolio. During the quarter, the stock traded for an average price of $44.25.
On 11/10/2022, Rogers Communications Inc traded for a price of $42.46 per share and a market cap of $21.90Bil. The stock has returned -10.10% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Rogers Communications Inc has a price-earnings ratio of 16.57, a price-book ratio of 2.70, a price-earnings-to-growth (PEG) ratio of 3.31, a EV-to-Ebitda ratio of 10.24 and a price-sales ratio of 1.95.
The price-to-GF Value ratio is 0.89, earning the stock a GF Value rank of 6.
Bank of Montreal
FIL Ltd reduced their investment in NYSE:BMO by 2,690,062 shares. The trade had a 0.31% impact on the equity portfolio. During the quarter, the stock traded for an average price of $96.7.
On 11/10/2022, Bank of Montreal traded for a price of $98.59 per share and a market cap of $67.04Bil. The stock has returned -7.64% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Bank of Montreal has a price-earnings ratio of 7.43, a price-book ratio of 1.41, a price-earnings-to-growth (PEG) ratio of 0.98 and a price-sales ratio of 3.38.
The price-to-GF Value ratio is 1.13, earning the stock a GF Value rank of 3.
Alibaba Group Holding Ltd
FIL Ltd reduced their investment in NYSE:BABA by 2,198,662 shares. The trade had a 0.3% impact on the equity portfolio. During the quarter, the stock traded for an average price of $95.27.
On 11/10/2022, Alibaba Group Holding Ltd traded for a price of $69.785 per share and a market cap of $184.75Bil. The stock has returned -57.44% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alibaba Group Holding Ltd has a price-earnings ratio of 38.77, a price-book ratio of 1.28, a price-earnings-to-growth (PEG) ratio of 2.85, a EV-to-Ebitda ratio of 10.33 and a price-sales ratio of 1.34.
The price-to-GF Value ratio is 0.21, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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