LORD, ABBETT & CO. 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.
Lord, Abbett & Co. was founded in 1929 and is headquartered in Jersey City. The company was begun just after the stock market crash of 1929 when Andrew James Lord and associates incorporated the company as Lord, Westerfield & Co., believing that mutual funds should be its company’s focus. Leon Abbet provided the capital contribution for the firm to continue when Westerfield resigned from the company, and the company would be renamed to its current Lord, Abbett & Co. in 1933. The company would launch the American Business Shares trust, now known as the Lord Abbet Income Fund, and the Lord Abbet Aflliated Fund in the 1930s, which would become its longest running funds. Lord, Abbett & Co. would grow organically with the leadership positions being passed to Harry Prankard II in 1949, who lead and expansion in the investment industry, and Robert Driscoll in 1964. During the 1970s, the company would expand its mutual fund offerings and launch its institutional business. The company would move its headquarters first in 1987 to the General Motors Building in New York, expanding further on its mutual funds and growing as an institutional investment firm, and move a second time in 2000 to keep up with further growth. In 2007, the firm’s leadership would be passed on to Daria Foster, who became the firm’s ninth Managing Partner. Lord, Abbett & Co. currently has 59 partners and a total of over 750 employees, 120 of which are investment professionals. The company has a total of $138 billion in assets under management that are split across over 100 institutional accounts. Lord, Abbett & Co. currently offers 60 mutual funds including Growth Leaders, Growth Opportunities, Calibrated Dividend Growth, International Core Equity, Multi Asset Growth, Emerging Markets Corporate Debt, and High Yield Municipal Bond funds, among others.
As of the latest 13F report, the guru’s equity portfolio contained 510 stocks valued at a total of $35,054,000,000. The top holdings were MSFT(3.51%), AAPL(2.93%), and GOOGL(2.61%).
According to GuruFocus data, these were LORD, ABBETT & CO. LLC’s top five trades of the quarter.
Allstate Corp
The guru established a new position worth 2,055,861 shares in NYSE:ALL, giving the stock a 0.81% weight in the equity portfolio. Shares traded for an average price of $125.51 during the quarter.
On 05/13/2022, Allstate Corp traded for a price of $128.11 per share and a market cap of $35,247,321,000. The stock has returned -1.45% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Allstate Corp has a price-earnings ratio of 10.45, a price-book ratio of 1.50, a price-earnings-to-growth (PEG) ratio of 0.46, a EV-to-Ebitda ratio of 7.35 and a price-sales ratio of 0.73.
The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 9.
Netflix Inc
The guru sold out of their 436,406-share investment in NAS:NFLX. Previously, the stock had a 0.63% weight in the equity portfolio. Shares traded for an average price of $417.64 during the quarter.
On 05/13/2022, Netflix Inc traded for a price of $184.09 per share and a market cap of $81,435,398,000. The stock has returned -64.06% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Netflix Inc has a price-earnings ratio of 16.63, a price-book ratio of 4.64, a price-earnings-to-growth (PEG) ratio of 0.59, a EV-to-Ebitda ratio of 4.61 and a price-sales ratio of 2.75.
The price-to-GF Value ratio is 0.29, earning the stock a GF Value rank of 2.
Danaher Corp
The guru sold out of their 117,267-share investment in NYSE:DHRpA.PFD. Previously, the stock had a 0.62% weight in the equity portfolio. Shares traded for an average price of $1892.04 during the quarter.
On 05/13/2022, Danaher Corp traded for a price of $1841.01 per share and a market cap of $0. The stock has returned 17.00% 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, Danaher Corp has a price-earnings ratio of 27.73, a price-book ratio of 3.98, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 19.40 and a price-sales ratio of 5.81.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 9.
SVB Financial Group
LORD, ABBETT & CO. LLC reduced their investment in NAS:SIVB by 345,264 shares. The trade had a 0.56% impact on the equity portfolio. During the quarter, the stock traded for an average price of $608.54.
On 05/13/2022, SVB Financial Group traded for a price of $450.93 per share and a market cap of $26,641,337,000. The stock has returned -20.41% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, SVB Financial Group has a price-earnings ratio of 15.36, a price-book ratio of 2.17, a price-earnings-to-growth (PEG) ratio of 0.62 and a price-sales ratio of 4.33.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 6.
Mastercard Inc
During the quarter, LORD, ABBETT & CO. LLC bought 521,245 shares of NYSE:MA for a total holding of 535,219. The trade had a 0.54% impact on the equity portfolio. During the quarter, the stock traded for an average price of $359.86.
On 05/13/2022, Mastercard Inc traded for a price of $331.42 per share and a market cap of $323,151,482,000. The stock has returned -9.40% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Mastercard Inc has a price-earnings ratio of 34.58, a price-book ratio of 46.07, a price-earnings-to-growth (PEG) ratio of 2.37, a EV-to-Ebitda ratio of 27.37 and a price-sales ratio of 16.48.
The price-to-GF Value ratio is 0.83, earning the stock a GF Value rank of 9.
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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