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Top 5 1st Quarter Trades of Western Asset Management Company, LLC

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May 13, 2022
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Western Asset Management Company, 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.

385 E. Colorado Blvd. Pasadena, CA 91101

As of the latest 13F report, the guru’s equity portfolio contained 17 stocks valued at a total of $144,000,000. The top holdings were EMLC(37.82%), DKNG(17.02%), and BRY(8.75%).

According to GuruFocus data, these were Western Asset Management Company, LLC’s top five trades of the quarter.

iShares iBoxx USD Investment Grade Corporate Bond


The guru sold out of their 7,703,150-share investment in ARCA:LQD. Previously, the stock had a 87.84% weight in the equity portfolio. Shares traded for an average price of $124.24 during the quarter.

On 05/13/2022, iShares iBoxx USD Investment Grade Corporate Bond traded for a price of $111.65 per share and a market cap of $31,675,105,000. The stock has returned -11.73% over the past year.

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

DraftKings Inc


The guru established a new position worth 33,850,000 shares in NAS:DKNG, giving the stock a 17.02% weight in the equity portfolio. Shares traded for an average price of $21.2 during the quarter.

On 05/13/2022, DraftKings Inc traded for a price of $12.61 per share and a market cap of $5,514,892,000. The stock has returned -73.00% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 1 out of 10.

In terms of valuation, DraftKings Inc has a price-book ratio of 2.77, a EV-to-Ebitda ratio of -2.88 and a price-sales ratio of 3.55.

PowerShares QQQ Trust Ser 1


During the quarter, Western Asset Management Company, LLC bought 12,980 shares of NAS:QQQ for a total holding of 25,974. The trade had a 3.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $354.77.

On 05/13/2022, PowerShares QQQ Trust Ser 1 traded for a price of $301.94 per share and a market cap of $166,519,910,000. The stock has returned -7.68% over the past year.

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

In terms of valuation, PowerShares QQQ Trust Ser 1 has a price-earnings ratio of 29.15 and a price-book ratio of 7.87.

Twitter Inc


The guru established a new position worth 5,000,000 shares in NYSE:TWTR, giving the stock a 2.93% weight in the equity portfolio. Shares traded for an average price of $36.53 during the quarter.

On 05/13/2022, Twitter Inc traded for a price of $40.72 per share and a market cap of $31,117,437,000. The stock has returned -11.08% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 4 out of 10.

In terms of valuation, Twitter Inc has a price-earnings ratio of 198.83, a price-book ratio of 5.93, a price-earnings-to-growth (PEG) ratio of 10.92, a EV-to-Ebitda ratio of 35.43 and a price-sales ratio of 7.18.

The price-to-GF Value ratio is 0.67, earning the stock a GF Value rank of 9.

VanEck J.P. Morgan EM Local Currency Bond ETF


Western Asset Management Company, LLC reduced their investment in ARCA:EMLC by 1,008,100 shares. The trade had a 2.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $27.56.

On 05/13/2022, VanEck J.P. Morgan EM Local Currency Bond ETF traded for a price of $24.61 per share and a market cap of $3,007,900,000. The stock has returned -17.82% over the past year.

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


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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