GOLDMAN SACHS GROUP 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.
Goldman Sachs was founded in 1869 by Marcus Goldman, expanding into a general partnership in 1885 with his son and sons-in-law. The company joined the New York Stock Exchange in 1896 and would experience rapid growth. In 1906, the firm would help two clients, the United Cigar Manufacturers and Sears Roebuck, to achieve success in IPOs, starting a tradition of having a Goldman partner on the boards of major clients. During the 1910s, Goldman Sachs created innovative financial practices that managed public offerings for several small companies that would grow to become large corporations. Although expansion continued at a great pace through the 1920s, Goldman Sachs was hit hard in 1929. Its recovery was slow, taking until the mid-1930s for the commercial-paper and securities to become profitable again. Once recovered, the company would add a great deal of investment activities, ranging from new domestic and international share offerings to research and mergers and acquisitions. When Sidney Weinberg assumed a senior role at the company, he shifted Goldman Sachs’s focus towards investment banking. The success of Goldman Sachs role in the Ford Motor Company’s IPO in 1956 under his watch would cement the company’s place in the market. Weinberg was succeeded by Gus Levy in 1969, and Goldman Sachs would grow to become an influential financial institution during this time. In 1981, Goldman Sachs acquired the firm of J. Aron & Co., giving it a strong position in South American markets. Facing fierce competition, Goldman Sachs sought capital and created a holding company, the Goldman Sachs Group, with subsidiaries. In the 1990s, Goldman Sachs would become one of the most profitable companies in the world with profits well into the billions. A major component of this growth was the focus on international expansion, allowing the firm to participate on many investment projects such as the Mexican bailout and Finland Neste Oy oil. The latter half of the 1990s would be marked with acquisitions as Goldman Sachs worked to stabilize its unpredictable trading business and retain its leadership role in the industry. The company had its IPO just before the new millennia, raising $3.6 billion and naming Henry Paulson Jr. as the CEO. And, although suffering a slowdown during the financial troubles of 2007-2010, Goldman Sachs continues to be a major leader in the investment banking market. Notable mutual funds and ETFs include the Equity Growth, Global Income, and Equity Factor Index.
As of the latest 13F report, the guru’s equity portfolio contained 6523 stocks valued at a total of $475,848,000,000. The top holdings were SPY(4.36%), AAPL(2.78%), and MSFT(2.28%).
According to GuruFocus data, these were GOLDMAN SACHS GROUP INC’s top five trades of the quarter.
GitLab Inc
During the quarter, GOLDMAN SACHS GROUP INC bought 3,837,722 shares of NAS:GTLB for a total holding of 3,864,163. The trade had a 0.04% impact on the equity portfolio. During the quarter, the stock traded for an average price of $48.8.
On 05/19/2022, GitLab Inc traded for a price of $37.7 per share and a market cap of $5,564,970,000. The stock has returned 0.00% over the past year.
GuruFocus gives the company a financial strength rating of 10 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, GitLab Inc has a price-book ratio of 7.32, a EV-to-Ebitda ratio of -66.35 and a price-sales ratio of 25.32.
S&P 500 ETF TRUST ETF
During the quarter, GOLDMAN SACHS GROUP INC bought 8,369,702 shares of ARCA:SPY for a total holding of 45,987,696. The trade had a 0.79% impact on the equity portfolio. During the quarter, the stock traded for an average price of $444.05.
On 05/19/2022, S&P 500 ETF TRUST ETF traded for a price of $391.86 per share and a market cap of $352,314,319,000. The stock has returned -0.44% 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, S&P 500 ETF TRUST ETF has a price-earnings ratio of 19.48, a price-book ratio of 3.73, a price-earnings-to-growth (PEG) ratio of 2.40, a EV-to-Ebitda ratio of 14.19 and a price-sales ratio of 2.89.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Alibaba Group Holding Ltd
GOLDMAN SACHS GROUP INC reduced their investment in NYSE:BABA by 16,978,428 shares. The trade had a 0.4% impact on the equity portfolio. During the quarter, the stock traded for an average price of $115.52.
On 05/19/2022, Alibaba Group Holding Ltd traded for a price of $87.31 per share and a market cap of $234,645,625,000. The stock has returned -58.72% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alibaba Group Holding Ltd has a price-earnings ratio of 23.37, a price-book ratio of 1.54, a price-earnings-to-growth (PEG) ratio of 1.06, a EV-to-Ebitda ratio of 11.65 and a price-sales ratio of 1.85.
The price-to-GF Value ratio is 0.24, earning the stock a GF Value rank of 2.
S&P Global Inc
During the quarter, GOLDMAN SACHS GROUP INC bought 3,579,802 shares of NYSE:SPGI for a total holding of 5,711,961. The trade had a 0.31% impact on the equity portfolio. During the quarter, the stock traded for an average price of $407.24.
On 05/19/2022, S&P Global Inc traded for a price of $330.12 per share and a market cap of $112,207,789,000. The stock has returned -8.69% 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, S&P Global Inc has a price-earnings ratio of 23.82, a price-book ratio of 2.82, a price-earnings-to-growth (PEG) ratio of 3.02, a EV-to-Ebitda ratio of 22.27 and a price-sales ratio of 9.53.
The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 9.
Apple Inc
During the quarter, GOLDMAN SACHS GROUP INC bought 7,528,845 shares of NAS:AAPL for a total holding of 75,793,293. The trade had a 0.28% impact on the equity portfolio. During the quarter, the stock traded for an average price of $168.23.
On 05/19/2022, 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.
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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