Top 5 1st Quarter Trades of CHARTIST INC /CA/

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May 12, 2022
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CHARTIST INC /CA/ 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.

Ascend Capital, LLC is a hedge fund sponsor based out of San Francisco, California. The company was originally established in 1999 by founder Malcolm Paul Fairbairn who continues to have an active role in the company as its CIO. Ascend Capital conducts its research internally, investing in the public equity and hedging markets within the United States. The company describes itself as an “opportunistic U.S.-focused long/short equity strategy” and utilizes a fundamental methodology to make its investment decisions, allocating its assets across a variety of sectors. The firm’s investment philosophy is “to consistently achieve outstanding risk-adjusted performance through superior skill in security selection, capital allocation, and risk management.” Ascend Capital invests most heavily in the consumer discretionary and information technology sectors, which each make up over a quarter of its total asset allocations, and also invests in the health care, energy, finance, and materials sectors, among others to a lesser degree, in order of decreasing allocation. The company keeps its holdings for an average of only 1.5 quarters and has had a turnover rate of approximately 91.6% in the most recent quarter. Ascend Capital has grown from its inception to now operate with 36 employees of which 24 are investment professionals. The company oversees over $5.4 billion in total assets under management spread across 18 total accounts, all of which are discretionary accounts. Although its total number of accounts has been somewhat volatile in recent years, its total assets under management has been increasing, growing significantly from $1.5 billion back in 2010 to well over three times that amount today. Ascend Capital mainly caters to pooled investment vehicles, which alone makes up well over three quarters of its client base and approximately three quarters of its assets, and also provides services to investment companies and other clientele to a lesser degree.

As of the latest 13F report, the guru’s equity portfolio contained 29 stocks valued at a total of $187,000,000. The top holdings were SHW(44.84%), DIA(18.30%), and IWB(17.09%).

According to GuruFocus data, these were CHARTIST INC /CA/’s top five trades of the quarter.

Sherwin-Williams Co


CHARTIST INC /CA/ reduced their investment in NYSE:SHW by 3,063 shares. The trade had a 0.72% impact on the equity portfolio. During the quarter, the stock traded for an average price of $276.59.

On 05/12/2022, Sherwin-Williams Co traded for a price of $274.54 per share and a market cap of $77,269,800,000. The stock has returned -6.62% 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, Sherwin-Williams Co has a price-earnings ratio of 43.27, a price-book ratio of 34.58, a price-earnings-to-growth (PEG) ratio of 3.25, a EV-to-Ebitda ratio of 28.81 and a price-sales ratio of 3.90.

The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.

iShares Russell 1000 ETF


CHARTIST INC /CA/ reduced their investment in ARCA:IWB by 3,027 shares. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $246.21.

On 05/12/2022, iShares Russell 1000 ETF traded for a price of $215.71 per share and a market cap of $26,586,258,000. The stock has returned -6.47% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Russell 1000 ETF has a price-earnings ratio of 21.19 and a price-book ratio of 4.05.

SPDR Dow Jones Industrial Average ETF


CHARTIST INC /CA/ reduced their investment in ARCA:DIA by 1,112 shares. The trade had a 0.2% impact on the equity portfolio. During the quarter, the stock traded for an average price of $345.78.

On 05/12/2022, SPDR Dow Jones Industrial Average ETF traded for a price of $317.64 per share and a market cap of $27,504,446,000. The stock has returned -5.54% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, SPDR Dow Jones Industrial Average ETF has a price-earnings ratio of 17.58 and a price-book ratio of 3.59.

Accelerate Diagnostics Inc


The guru sold out of their 65,865-share investment in NAS:AXDX. Previously, the stock had a 0.17% weight in the equity portfolio. Shares traded for an average price of $2.86 during the quarter.

On 05/12/2022, Accelerate Diagnostics Inc traded for a price of $0.6763 per share and a market cap of $46,852,000. The stock has returned -90.03% over the past year.

GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Accelerate Diagnostics Inc has a EV-to-Ebitda ratio of -1.58 and a price-sales ratio of 3.52.

The price-to-GF Value ratio is 0.06, earning the stock a GF Value rank of 2.

iShares Russell 1000 Value ETF


CHARTIST INC /CA/ reduced their investment in ARCA:IWD by 1,775 shares. The trade had a 0.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $163.6.

On 05/12/2022, iShares Russell 1000 Value ETF traded for a price of $151.96 per share and a market cap of $52,251,447,000. The stock has returned -3.22% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Russell 1000 Value ETF has a price-earnings ratio of 16.73 and a price-book ratio of 2.48.


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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