Top 5 1st Quarter Trades of ACADIAN ASSET MANAGEMENT LLC

ACADIAN ASSET MANAGEMENT LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

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.

Acadian Asset Management is a private investment management company that was founded in 1986. The company can trace its history back to 1977 when Acadian Financial Research, the predecessor, was founded by Gary Bergstrom. The company “designed, developed and implemented the world's first international index-matching strategy and later an active country selection strategy for the State Street Bank and Trust Company,” and the successor Acadian Asset Management company would directly manage institutional assets. Acadian Asset Management would expand into a global manager with the launch of its global strategy in 1992. The company would continue to grow, extending its stock selection process to begin selecting for both long and short strategies in 2002 and launching its managed volatility strategy, a portfolio of low risk stocks to be able to offer market like returns with lower risk, in 2006. Since then, Acadian Asset Management has continued to grow through research based investment strategies, launching its fixed income emerging markets debt strategy in 2007. The company is headquartered in Boston and currently acts as a subsidiary of OMAM Affiliate Holdings which is in turn a subsidiary of OM Asset Management PLC, and the company was previously acquired by United Asset Management in 1992 which was, in turn, acquired by Old Mutual in 2000. The company operates through four wholly owned investment advisory subsidiaries including Acadian Asset Management (Singapore) Pte Ltd, Acadian Asset Management (UK) Ltd, Acadian Asset Management (Japan), and Acadian Asset Management (Australia) Limited. As of 2015, the company has a total of over $72 billion in assets under management with over 100 clients including foundations, endowments, pension funds, governments, and others on a global scale, covering over 40,000 securities in over 60 markets in its proprietary database. Some of its mutual funds include the Emerging Markets Equity Emerging Markets Debt Funds.

As of the latest 13F report, the guru’s equity portfolio contained 1641 stocks valued at a total of $24,259,000,000. The top holdings were GOOGL(3.19%), MSFT(2.79%), and AAPL(2.45%).

According to GuruFocus data, these were ACADIAN ASSET MANAGEMENT LLC’s top five trades of the quarter.

McKesson Corp


During the quarter, ACADIAN ASSET MANAGEMENT LLC bought 843,348 shares of NYSE:MCK for a total holding of 1,077,083. The trade had a 1.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $271.69.

On 05/12/2022, McKesson Corp traded for a price of $320.92 per share and a market cap of $41,213,308,000. The stock has returned 68.70% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, McKesson Corp has a price-earnings ratio of 39.32, a EV-to-Ebitda ratio of 15.90 and a price-sales ratio of 0.16.

The price-to-GF Value ratio is 1.43, earning the stock a GF Value rank of 1.

Icon PLC


ACADIAN ASSET MANAGEMENT LLC reduced their investment in NAS:ICLR by 903,199 shares. The trade had a 1.05% impact on the equity portfolio. During the quarter, the stock traded for an average price of $250.48.

On 05/12/2022, Icon PLC traded for a price of $207.215 per share and a market cap of $16,993,474,000. The stock has returned -9.22% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Icon PLC has a price-earnings ratio of 83.96, a price-book ratio of 2.11, a price-earnings-to-growth (PEG) ratio of 13.54, a EV-to-Ebitda ratio of 27.72 and a price-sales ratio of 2.45.

The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 10.

CNH Industrial NV


ACADIAN ASSET MANAGEMENT LLC reduced their investment in NYSE:CNHI by 12,194,705 shares. The trade had a 0.89% impact on the equity portfolio. During the quarter, the stock traded for an average price of $15.56.

On 05/12/2022, CNH Industrial NV traded for a price of $13.575 per share and a market cap of $22,832,605,000. The stock has returned -1.58% 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, CNH Industrial NV has a price-earnings ratio of 11.00, a price-earnings-to-growth (PEG) ratio of 110.00, a EV-to-Ebitda ratio of 13.51 and a price-sales ratio of 0.60.

The price-to-GF Value ratio is 1.37, earning the stock a GF Value rank of 1.

UBS Group AG


During the quarter, ACADIAN ASSET MANAGEMENT LLC bought 9,266,627 shares of NYSE:UBS for a total holding of 9,564,467. The trade had a 0.76% impact on the equity portfolio. During the quarter, the stock traded for an average price of $18.95.

On 05/12/2022, UBS Group AG traded for a price of $16.59 per share and a market cap of $56,858,953,000. The stock has returned 13.63% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, UBS Group AG has a price-earnings ratio of 8.48, a price-book ratio of 1.04, a price-earnings-to-growth (PEG) ratio of 3.39 and a price-sales ratio of 1.83.

The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 5.

Cerner Corp


The guru sold out of their 1,886,890-share investment in NAS:CERN. Previously, the stock had a 0.65% weight in the equity portfolio. Shares traded for an average price of $92.54 during the quarter.

On 05/12/2022, Cerner Corp traded for a price of $94.03 per share and a market cap of $27,593,782,000. The stock has returned 23.84% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Cerner Corp has a price-earnings ratio of 47.15, a price-book ratio of 7.07, a price-earnings-to-growth (PEG) ratio of 12.41, a EV-to-Ebitda ratio of 18.92 and a price-sales ratio of 4.83.

The price-to-GF Value ratio is 1.15, earning the stock a GF Value rank of 5.


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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