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Top 5 1st Quarter Trades of RENAISSANCE GROUP LLC

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May 15, 2022
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RENAISSANCE GROUP 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.

The Renaissance Group LLC is an investment advisory firm based out of Cincinnati, Ohio. The company was originally established in 1978 and is currently headed by managing partners Paul A. Radomski and Michael E. Schroer. The Renaissance Group LLC, which conducts business as Renaissance Investment Management, has grown from its inception to now operate with 22 employees of which 8 are investment professionals. The company conducts its research both internally and externally, allocating its assets across a wide variety of sectors. The Renaissance Group invests most heavily in the information technology sector, which alone makes up over a quarter of the firm’s total asset allocations, and also invests in the consumer discretionary, health care, finance, industrials, and transports sectors, among other sectors to a lesser degree, in order of decreasing allocation. In the most recent quarter, The Renaissance Group decided to replace the entirety of its allocations and its top 10 holdings make up approximately 14.3% of its total allocations. The company manages over $4.3 billion in total assets under management spread across over 4,000 total accounts, all of which are discretionary accounts except for 19 accounts that make up approximately $1.35 billion of its total managed assets. Although The Renaissance Group’s total number of accounts has drastically increased in recent years, jumping from 500 total accounts to almost 4,500 total accounts in 2014, the firm’s total assets under management has been volatile, having once been as high as $5.26 billion back in 2010 and as low as $3.38 billion back in 2013. The company mainly caters to other client types, which alone makes up two thirds of its entire client base. The Renaissance Group offers a variety of strategies including its Large Cap Growth, International Equity, Emerging Markets, and REIT strategies, among others. The company currently operates as a subsidiary of Legacy Banks LLC.

As of the latest 13F report, the guru’s equity portfolio contained 270 stocks valued at a total of $2,221,000,000. The top holdings were GOOGL(3.00%), AAPL(1.93%), and MSFT(1.69%).

According to GuruFocus data, these were RENAISSANCE GROUP LLC’s top five trades of the quarter.

Altria Group Inc


The guru established a new position worth 559,208 shares in NYSE:MO, giving the stock a 1.32% weight in the equity portfolio. Shares traded for an average price of $50.95 during the quarter.

On 05/15/2022, Altria Group Inc traded for a price of $53.04 per share and a market cap of $96,031,958,000. The stock has returned 12.93% 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, Altria Group Inc has a price-earnings ratio of 32.34, a EV-to-Ebitda ratio of 19.98 and a price-sales ratio of 4.63.

The price-to-GF Value ratio is 1.09, earning the stock a GF Value rank of 5.

RPM International Inc


The guru sold out of their 321,653-share investment in NYSE:RPM. Previously, the stock had a 1.32% weight in the equity portfolio. Shares traded for an average price of $85.92 during the quarter.

On 05/15/2022, RPM International Inc traded for a price of $84.24 per share and a market cap of $10,908,716,000. The stock has returned -11.60% 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, RPM International Inc has a price-earnings ratio of 24.42, a price-book ratio of 5.94, a price-earnings-to-growth (PEG) ratio of 2.91, a EV-to-Ebitda ratio of 16.41 and a price-sales ratio of 1.68.

The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 7.

Lockheed Martin Corp


The guru established a new position worth 66,154 shares in NYSE:LMT, giving the stock a 1.31% weight in the equity portfolio. Shares traded for an average price of $404.57 during the quarter.

On 05/15/2022, Lockheed Martin Corp traded for a price of $435.17 per share and a market cap of $115,801,772,000. The stock has returned 15.01% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Lockheed Martin Corp has a price-earnings ratio of 19.22, a price-book ratio of 11.53, a price-earnings-to-growth (PEG) ratio of 1.78, a EV-to-Ebitda ratio of 13.47 and a price-sales ratio of 1.82.

The price-to-GF Value ratio is 1.07, earning the stock a GF Value rank of 5.

Raymond James Financial Inc


The guru established a new position worth 247,135 shares in NYSE:RJF, giving the stock a 1.22% weight in the equity portfolio. Shares traded for an average price of $106.02 during the quarter.

On 05/15/2022, Raymond James Financial Inc traded for a price of $94.99 per share and a market cap of $19,781,614,000. The stock has returned 9.43% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Raymond James Financial Inc has a price-earnings ratio of 13.39, a price-book ratio of 2.30, a price-earnings-to-growth (PEG) ratio of 1.20 and a price-sales ratio of 1.93.

The price-to-GF Value ratio is 1.11, earning the stock a GF Value rank of 5.

Booz Allen Hamilton Holding Corp


The guru sold out of their 339,174-share investment in NYSE:BAH. Previously, the stock had a 1.17% weight in the equity portfolio. Shares traded for an average price of $82.25 during the quarter.

On 05/15/2022, Booz Allen Hamilton Holding Corp traded for a price of $80.53 per share and a market cap of $10,731,242,000. The stock has returned -1.25% 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, Booz Allen Hamilton Holding Corp has a price-earnings ratio of 19.17, a price-book ratio of 10.03, a price-earnings-to-growth (PEG) ratio of 1.56, a EV-to-Ebitda ratio of 16.07 and a price-sales ratio of 1.35.

The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.


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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