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Top 5 1st Quarter Trades of WASATCH ADVISORS INC

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May 15, 2022
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WASATCH ADVISORS INC 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.

Wasatch Advisors is an investment management company that is owned by its employees. The company was founded in 1975 by Sam Stewart, who continues to have an active role in the firm today as its Chairman, with the beliefs that “company’s growth in earnings should eventually be reflected in its stock price.” Wasatch Advisors would grow from its original focus on small-cap growth investing for separate accounts and launch its first two mutual funds in 1986; the Small Cap Growth and Core Growth mutual funds. The company would then launch its Micro Cap Fund in 1995 and another value fund, the Small Cap Value fund, in 1997. Past the turn of the millennia, Wasatch Advisors noticed a long term globalization trend and decided to expand its line of offerings to be able to have an international focus, launching its International Growth fund in 2002. The company would then acquire the 1st Source Funds, which are now known as the Wasatch Large Cap Value, Wasatch Long/Short, and 1st Source Income Funds. Wasatch Advisors conducts its research internally, utilizing a fundamental analysis with a bottom up investment approach to make its asset allocations. The company invests in various public equity and fixed income markets on a global scale, focusing on growth stocks. Wasatch Advisors invests most heavily in the information technology sector, which alone makes up over a quarter of its total asset allocations, and also invests in the health care, consumer discretionary, finance, industrials, transports, and energy sectors, among others, in order of decreasing allocation. The company currently holds approximately $19 billion in total assets under management spread across 186 accounts, all of which are discretionary. Wasatch Advisors employs 81 employees, including 35 investment professionals and 13 broker dealer representatives. The company’s line of funds includes its Emerging Markets Select, Frontier Emerging Small Countries, Global Opportunities, and Ultra Growth funds, among others.

As of the latest 13F report, the guru’s equity portfolio contained 262 stocks valued at a total of $20,313,000,000. The top holdings were GLOB(3.61%), CYBR(2.85%), and ENSG(2.84%).

According to GuruFocus data, these were WASATCH ADVISORS INC’s top five trades of the quarter.

Motorsport Games Inc


WASATCH ADVISORS INC reduced their investment in NAS:MSGM by 403,814 shares. The trade had a 0% impact on the equity portfolio. During the quarter, the stock traded for an average price of $0.93.

On 05/15/2022, Motorsport Games Inc traded for a price of $0.7199 per share and a market cap of $8,404,000. The stock has returned -95.68% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 2 out of 10.

In terms of valuation, Motorsport Games Inc has a price-book ratio of 0.23, a EV-to-Ebitda ratio of 0.28 and a price-sales ratio of 0.53.

Nu Holdings Ltd


The guru established a new position worth 16,719,015 shares in NYSE:NU, giving the stock a 0.64% weight in the equity portfolio. Shares traded for an average price of $8.06 during the quarter.

On 05/15/2022, Nu Holdings Ltd traded for a price of $4.82 per share and a market cap of $22,220,145,000. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 2 out of 10.

In terms of valuation, Nu Holdings Ltd has a price-book ratio of 5.01 and a price-sales ratio of 29.94.

Monolithic Power Systems Inc


WASATCH ADVISORS INC reduced their investment in NAS:MPWR by 236,736 shares. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $436.18.

On 05/15/2022, Monolithic Power Systems Inc traded for a price of $431.67 per share and a market cap of $20,134,384,000. The stock has returned 41.75% over the past year.

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

In terms of valuation, Monolithic Power Systems Inc has a price-earnings ratio of 74.94, a price-book ratio of 15.18, a price-earnings-to-growth (PEG) ratio of 2.79, a EV-to-Ebitda ratio of 55.29 and a price-sales ratio of 15.58.

The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.

Monro Inc


WASATCH ADVISORS INC reduced their investment in NAS:MNRO by 1,907,470 shares. The trade had a 0.45% impact on the equity portfolio. During the quarter, the stock traded for an average price of $48.9.

On 05/15/2022, Monro Inc traded for a price of $46.1 per share and a market cap of $1,546,472,000. The stock has returned -29.67% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Monro Inc has a price-earnings ratio of 24.14, a price-book ratio of 1.98, a EV-to-Ebitda ratio of 12.43 and a price-sales ratio of 1.17.

The price-to-GF Value ratio is 0.66, earning the stock a GF Value rank of 4.

Five Below Inc


During the quarter, WASATCH ADVISORS INC bought 471,349 shares of NAS:FIVE for a total holding of 2,676,533. The trade had a 0.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $166.89.

On 05/15/2022, Five Below Inc traded for a price of $145.98 per share and a market cap of $8,103,692,000. The stock has returned -18.38% 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, Five Below Inc has a price-earnings ratio of 29.49, a price-book ratio of 7.25, a price-earnings-to-growth (PEG) ratio of 1.45, a EV-to-Ebitda ratio of 19.50 and a price-sales ratio of 2.89.

The price-to-GF Value ratio is 0.65, earning the stock a GF Value rank of 8.


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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