MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 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.
MeAG Munich Ergo Kapitalanlagegesellschaft mbH is an asset management firm based out of Munich, Germany. The company is one of the two main subsidiaries of MEAG MUNICH ERGO Asset Management GmbH. The MEAG MUNICH ERGO AssetManagement GmbH was originally established under the laws of the Federal Republic of Germany and “only provides investment advice to affiliated companies (Munich Re Group) and all assets under management are beneficially owned by affiliated companies.” MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH itself is an investment company monitored by the German Federal Financial Supervisory Authority. The company “renders investment management and consulting services to unaffiliated professional investors, manages special investment funds for institutional investors and mutual investment funds for private investors.” MeAG Munich Ergo Kapitalanlagegesellschaft mbH is one of the major asset managers in Europe is responsible for most of the investments of Munich Re and ERGO. The company manages over 10 billion euros for a variety of companies. MeAG Munich Ergo Kapitalanlagegesellschaft mbH mainly manages insurance company funds, which alone makes up over half of its client base, and also provides services to banks and financial service providers, pension funds and pension organizations, and various charities and foundations, among others to a lesser degree, in order of decreasing allocation. The company invests most heavily in the finance sector, which alone makes up almost a fifth of the firm’s total asset allocations, and also invests in the information technology, consumer discretionary, health care, consumer staples, industrials, energy, utilities and telecommunications, and real estate sectors, among other sectors to a lesser degree, in order of decreasing allocation. MeAG Munich Ergo Kapitalanlagegesellschaft mbH holds its allocations an average of 5.88 quarters and, in the most recent quarter, has had a turnover rate of approximately 29.32%. The company offers a variety of funds including its EuroFlex, EuroRent, RealReturn, EmerginMarkets, FairReturn, Dividends, GlobalBalance, and ProInvest funds, among others.
As of the latest 13F report, the guru’s equity portfolio contained 218 stocks valued at a total of $1.68Bil. The top holdings were MSFT(3.98%), LLY(3.47%), and PFE(2.97%).
According to GuruFocus data, these were MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH’s top five trades of the quarter.
PPG Industries Inc
The guru established a new position worth 320,379 shares in NYSE:PPG, giving the stock a 2.19% weight in the equity portfolio. Shares traded for an average price of $125.08 during the quarter.
On 07/19/2022, PPG Industries Inc traded for a price of $118.46 per share and a market cap of $27.97Bil. The stock has returned -28.56% 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, PPG Industries Inc has a price-earnings ratio of 26.26, a price-book ratio of 4.50, a price-earnings-to-growth (PEG) ratio of 2.81, a EV-to-Ebitda ratio of 16.71 and a price-sales ratio of 1.65.
The price-to-GF Value ratio is 0.77, earning the stock a GF Value rank of 9.
Ares Management Corp
The guru established a new position worth 611,117 shares in NYSE:ARES, giving the stock a 2.07% weight in the equity portfolio. Shares traded for an average price of $69.35 during the quarter.
On 07/19/2022, Ares Management Corp traded for a price of $62.06 per share and a market cap of $10.87Bil. The stock has returned 1.01% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Ares Management Corp has a price-earnings ratio of 30.28, a price-book ratio of 6.42, a price-earnings-to-growth (PEG) ratio of 3.40, a EV-to-Ebitda ratio of 16.93 and a price-sales ratio of 2.68.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
NXP Semiconductors NV
The guru established a new position worth 224,611 shares in NAS:NXPI, giving the stock a 1.98% weight in the equity portfolio. Shares traded for an average price of $173.93 during the quarter.
On 07/19/2022, NXP Semiconductors NV traded for a price of $169.82 per share and a market cap of $44.48Bil. The stock has returned -10.20% 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, NXP Semiconductors NV has a price-earnings ratio of 21.03, a price-book ratio of 6.84, a price-earnings-to-growth (PEG) ratio of 2.53, a EV-to-Ebitda ratio of 12.60 and a price-sales ratio of 3.94.
The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 7.
Apple Inc
The guru established a new position worth 242,657 shares in NAS:AAPL, giving the stock a 1.98% weight in the equity portfolio. Shares traded for an average price of $151.81 during the quarter.
On 07/19/2022, Apple Inc traded for a price of $150.36 per share and a market cap of $2,428.42Bil. The stock has returned 5.33% 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 24.37, a price-book ratio of 36.07, a price-earnings-to-growth (PEG) ratio of 1.72, a EV-to-Ebitda ratio of 18.79 and a price-sales ratio of 6.44.
The price-to-GF Value ratio is 0.89, earning the stock a GF Value rank of 6.
Celanese Corp
The guru sold out of their 180,379-share investment in NYSE:CE. Previously, the stock had a 1.89% weight in the equity portfolio. Shares traded for an average price of $143.51 during the quarter.
On 07/19/2022, Celanese Corp traded for a price of $115.055 per share and a market cap of $12.46Bil. The stock has returned -22.08% 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, Celanese Corp has a price-earnings ratio of 6.13, a price-book ratio of 2.71, a price-earnings-to-growth (PEG) ratio of 0.30, a EV-to-Ebitda ratio of 5.45 and a price-sales ratio of 1.37.
The price-to-GF Value ratio is 0.58, earning the stock a GF Value rank of 4.
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.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
