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EATON VANCE MANAGEMENT Goes on Buying Spree in 1st Quarter

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May 18, 2022
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EATON VANCE MANAGEMENT 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.

Eaton Vance Management’s history can be traced back to 1924 when Charles Eaton decided to create an investment company focused on a “long-term approach to managing investments and uncompromising commitment to integrity and excellence.” The company currently operates as a subsidiary of its holding company Eaton Vance Corporation. Eaton Vance Management mostly services investment companies but also caters to pension and profit sharing plans, high net worth individuals, banking institutions, charities, and pooled investment vehicles, among others. The company is the oldest affiliate under the Eaton Vance group of companies, with others under the umbrella including Parametric Portfolio Associates LLC, Atlanta Capital Investment Managers, and Hexavest, the youngest that was founded in 2004. Under Eaton Vance, the company also sponsors U.S. mutual funds that are managed by third parties, including AGF, Armored Wolf, Lloyd George Management, OirbiMed Advisors, and Richard Bernstein Advisors. Eaton Vance Management itself provides a broad range of equity, fixed income, floating rate income, and alternative strategies with each strategy in accord with its investment philosophy and integrated applications of disciplined investment processes. The company focuses on a fundamental analysis as its foundation, keeping these operations in house and employing research analysts who have experience and expertise in the specific market sectors that they follow. Eaton Vance Management benchmarks the performance of its portfolios against Barclays indices, BofA Merrill Lynch indices, and the JPMorgan Government Bond Index. The company is based in Boston and has additional offices in New York City and Westport. The company currently employs over 700 people to look after its close to 19 thousand accounts that hold a total of approximately $90 billion total assets under management. Although total assets under management have decreased since 2010, the company has increased its total accounts from about 2000 accounts five years prior to its current amount. Some of the mutual funds that the company has include its Bond Fund, Floating Rate Fund, Government Obligations Fund, Hedged Stock Fund. Global Macro Absolute Return Fund, and Global Macro Capital Opportunities Fund.

As of the latest 13F report, the guru’s equity portfolio contained 1809 stocks valued at a total of $86,714,000,000. The top holdings were AAPL(5.66%), MSFT(4.31%), and AMZN(3.34%).

According to GuruFocus data, these were EATON VANCE MANAGEMENT’s top five trades of the quarter.

Apple Inc


During the quarter, EATON VANCE MANAGEMENT bought 3,389,881 shares of NAS:AAPL for a total holding of 28,380,447. The trade had a 0.68% impact on the equity portfolio. During the quarter, the stock traded for an average price of $168.23.

On 05/18/2022, Apple Inc traded for a price of $140.82 per share and a market cap of $2,279,197,188,000. The stock has returned 18.90% over the past year.

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

In terms of valuation, Apple Inc has a price-earnings ratio of 22.86, a price-book ratio of 33.88, a price-earnings-to-growth (PEG) ratio of 1.61, a EV-to-Ebitda ratio of 17.67 and a price-sales ratio of 6.05.

The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 7.

Microsoft Corp


During the quarter, EATON VANCE MANAGEMENT bought 1,493,332 shares of NAS:MSFT for a total holding of 12,118,668. The trade had a 0.53% impact on the equity portfolio. During the quarter, the stock traded for an average price of $300.8.

On 05/18/2022, Microsoft Corp traded for a price of $254.08 per share and a market cap of $1,900,272,740,000. The stock has returned 9.79% over the past year.

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

In terms of valuation, Microsoft Corp has a price-earnings ratio of 26.52, a price-book ratio of 11.66, a price-earnings-to-growth (PEG) ratio of 1.26, a EV-to-Ebitda ratio of 18.87 and a price-sales ratio of 9.95.

The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 7.

Alphabet Inc


During the quarter, EATON VANCE MANAGEMENT bought 77,479 shares of NAS:GOOGL for a total holding of 551,872. The trade had a 0.25% impact on the equity portfolio. During the quarter, the stock traded for an average price of $2715.99.

On 05/18/2022, Alphabet Inc traded for a price of $2237.99 per share and a market cap of $1,475,092,033,000. The stock has returned 1.77% over the past year.

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

In terms of valuation, Alphabet Inc has a price-earnings ratio of 20.23, a price-book ratio of 5.82, a price-earnings-to-growth (PEG) ratio of 0.76, a EV-to-Ebitda ratio of 13.41 and a price-sales ratio of 5.58.

The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.

Amazon.com Inc


During the quarter, EATON VANCE MANAGEMENT bought 61,604 shares of NAS:AMZN for a total holding of 888,020. The trade had a 0.23% impact on the equity portfolio. During the quarter, the stock traded for an average price of $3092.09.

On 05/18/2022, Amazon.com Inc traded for a price of $2142.25 per share and a market cap of $1,089,806,450,000. The stock has returned -29.45% 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, Amazon.com Inc has a price-earnings ratio of 51.70, a price-book ratio of 8.15, a price-earnings-to-growth (PEG) ratio of 1.23, a EV-to-Ebitda ratio of 18.90 and a price-sales ratio of 2.28.

The price-to-GF Value ratio is 0.57, earning the stock a GF Value rank of 8.

Bristol-Myers Squibb Co


During the quarter, EATON VANCE MANAGEMENT bought 2,532,851 shares of NYSE:BMY for a total holding of 7,329,809. The trade had a 0.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $67.12.

On 05/18/2022, Bristol-Myers Squibb Co traded for a price of $77.02 per share and a market cap of $163,980,531,000. The stock has returned 22.64% 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, Bristol-Myers Squibb Co has a price-earnings ratio of 27.33, a price-book ratio of 5.19, a price-earnings-to-growth (PEG) ratio of 3.42, a EV-to-Ebitda ratio of 10.18 and a price-sales ratio of 3.63.

The price-to-GF Value ratio is 1.04, earning the stock a GF Value rank of 5.


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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