Sarasin & Partners LLP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
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.
Sarasin & Partners is an investment management company based out of London with an additional location in Dublin. The company was founded in 1983 and is currently headed by CEO and CIO John G. E. Monson. Sarasin & Partners currently has over 220 employees and currently operates as a subsidiary of Bank Sarasin & Co. Ltd. The company conducts its research both internally and externally, utilizing quantitative and fundamental analysis methods to conduct its top down and bottom up investment approaches. Sarasin & Partners is known for being a “market leader in thematic investment and for long-term income and dividend management across multi-asset and equity mandates.” The company invests in the public equity and fixed income markets on a global scale, focusing on a long term perspective, panoramic focus to capture opportunities arising from drivers of global change, and dynamic stewardship with responsible investing and believing that the “UK stock market is more exposed to international trends than most other major markets.” Sarasin & Partners invests most heavily in the consumer discretionary sector, which alone makes up over a fifth of its total asset allocations, and also invests in the finance, materials, industrials, consumer staples, information technology, and health care sectors, among others to a lesser degree, in order of decreasing allocations. The company provides a variety of services including equity and fixed income portfolio management, balanced mutual funds management, and hedge funds management. Sarasin & Partners caters to a wide client base including financial advisors, multi-managers, pension funds, charities, insurance companies, and others. The company offers services in four main areas: Thematic Global Equities, Multi-Assets, Global Dividend Investing, and Funds of Funds. Sarasin & Partners currently offers a wide variety of funds including its EquiSar Global Thematic, Socially Responsible, UK Thematic, UK Thematic Opportunities, Food and Agriculture Opportunities, Fund of Funds Global Diversified Growth, and Global Higher Dividend funds, among many others.
As of the latest 13F report, the guru’s equity portfolio contained 88 stocks valued at a total of $7.93Bil. The top holdings were MSFT(5.61%), NEE(4.40%), and MRK(4.33%).
According to GuruFocus data, these were Sarasin & Partners LLP’s top five trades of the quarter.
International Flavors & Fragrances Inc
During the quarter, Sarasin & Partners LLP bought 1,390,723 shares of NYSE:IFF for a total holding of 1,485,723. The trade had a 2.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $125.05.
On 07/13/2022, International Flavors & Fragrances Inc traded for a price of $114.96 per share and a market cap of $29.30Bil. The stock has returned -19.11% 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, International Flavors & Fragrances Inc has a price-earnings ratio of 52.72, a price-book ratio of 1.37, a EV-to-Ebitda ratio of 18.62 and a price-sales ratio of 2.36.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 7.
Marriott International Inc
The guru sold out of their 1,129,852-share investment in NAS:MAR. Previously, the stock had a 2% weight in the equity portfolio. Shares traded for an average price of $165.39 during the quarter.
On 07/13/2022, Marriott International Inc traded for a price of $140.8 per share and a market cap of $46.08Bil. The stock has returned -1.66% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Marriott International Inc has a price-earnings ratio of 31.22, a price-book ratio of 26.02, a EV-to-Ebitda ratio of 23.27 and a price-sales ratio of 2.95.
The price-to-GF Value ratio is 1.10, earning the stock a GF Value rank of 3.
JPMorgan Chase & Co
Sarasin & Partners LLP reduced their investment in NYSE:JPM by 836,403 shares. The trade had a 1.14% impact on the equity portfolio. During the quarter, the stock traded for an average price of $124.09.
On 07/13/2022, JPMorgan Chase & Co traded for a price of $111.91 per share and a market cap of $328.69Bil. The stock has returned -25.97% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, JPMorgan Chase & Co has a price-earnings ratio of 8.28, a price-book ratio of 1.29, a price-earnings-to-growth (PEG) ratio of 1.24 and a price-sales ratio of 2.79.
The price-to-GF Value ratio is 0.77, earning the stock a GF Value rank of 9.
Merck & Co Inc
Sarasin & Partners LLP reduced their investment in NYSE:MRK by 1,139,901 shares. The trade had a 0.94% impact on the equity portfolio. During the quarter, the stock traded for an average price of $88.55.
On 07/13/2022, Merck & Co Inc traded for a price of $93.77 per share and a market cap of $237.13Bil. The stock has returned 24.20% 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, Merck & Co Inc has a price-earnings ratio of 16.77, a price-book ratio of 5.79, a price-earnings-to-growth (PEG) ratio of 2.25, a EV-to-Ebitda ratio of 12.97 and a price-sales ratio of 4.39.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 6.
Cisco Systems Inc
During the quarter, Sarasin & Partners LLP bought 1,660,645 shares of NAS:CSCO for a total holding of 2,377,753. The trade had a 0.89% impact on the equity portfolio. During the quarter, the stock traded for an average price of $47.99.
On 07/13/2022, Cisco Systems Inc traded for a price of $42.7 per share and a market cap of $176.82Bil. The stock has returned -16.66% 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, Cisco Systems Inc has a price-earnings ratio of 14.98, a price-book ratio of 4.38, a price-earnings-to-growth (PEG) ratio of 3.00, a EV-to-Ebitda ratio of 9.66 and a price-sales ratio of 3.48.
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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