SAWGRASS ASSET MANAGEMENT LLC 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.
Sawgrass Asset Management LLC is an investment management firm based out of Jacksonville Beach, Florida. The company was originally established by founding principles Brian K. Monroe and Dean McQuiddy, both of whom are still with the company acting as the Director of Marketing & Client Service and CCO, respectively. Sawgrass Asset Management conducts its research internally and externally, utilizing a fundamental and quantitative methodology to make its investment decisions. The company invests with a bottom up approach, allocating its assets in the growth stocks of small and large cap companies within the fixed income and public equity markets within the United States. Sawgrass Asset Management invests most heavily in the information technology sector, which alone makes up a quarter of the firm’s total asset allocations, and also invests in the consumer discretionary, health care, consumer staples, finance, industrials, and utilities and telecommunications sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for just under 18 quarters on average although the firm only holds its top 10 holdings for 4.6 quarters on average. In the most recent quarter, Sawgrass Asset Management has had a turnover rate of approximately 19.7%. The company manages over $3.7 billion in total assets under management spread across 272 accounts, all of which are discretionary accounts except for 2 which make up $54 million of its managed assets. Both of Sawgrass Asset Management’s total number of accounts and total assets under management have been increasing in recent years with the firm’s total managed assets growing significantly from under $1.8 billion back in 2010 to over time that amount today. The company offers a variety of strategies including its Diversified Large Growth Equity, Focused Growth Equity, Genesis Small Growth Equity, High Quality Core Fixed Income, Intermediate Fixed Income, and Balanced solutions.
As of the latest 13F report, the guru’s equity portfolio contained 152 stocks valued at a total of $781.00Mil. The top holdings were AAPL(6.85%), MSFT(5.89%), and AMZN(3.05%).
According to GuruFocus data, these were SAWGRASS ASSET MANAGEMENT LLC’s top five trades of the quarter.
Meta Platforms Inc
The guru established a new position worth 67,739 shares in NAS:META, giving the stock a 1.58% weight in the equity portfolio. Shares traded for an average price of $250.52 during the quarter.
On 08/04/2022, Meta Platforms Inc traded for a price of $170.57 per share and a market cap of $458.42Bil. The stock has returned -52.48% 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, Meta Platforms Inc has a price-earnings ratio of 14.20, a price-book ratio of 3.67, a price-earnings-to-growth (PEG) ratio of 0.53, a EV-to-Ebitda ratio of 9.08 and a price-sales ratio of 3.98.
The price-to-GF Value ratio is 0.44, earning the stock a GF Value rank of 4.
Alphabet Inc
SAWGRASS ASSET MANAGEMENT LLC reduced their investment in NAS:GOOGL by 4,904 shares. The trade had a 1.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $135.83.
On 08/04/2022, Alphabet Inc traded for a price of $118.19 per share and a market cap of $1,545.99Bil. The stock has returned -12.53% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Alphabet Inc has a price-earnings ratio of 21.99, a price-book ratio of 6.05, a price-earnings-to-growth (PEG) ratio of 0.82, a EV-to-Ebitda ratio of 14.47 and a price-sales ratio of 5.79.
The price-to-GF Value ratio is 0.87, earning the stock a GF Value rank of 9.
HP Inc
The guru established a new position worth 320,797 shares in NYSE:HPQ, giving the stock a 1.22% weight in the equity portfolio. Shares traded for an average price of $36.94 during the quarter.
On 08/04/2022, HP Inc traded for a price of $33.26 per share and a market cap of $34.40Bil. The stock has returned 17.66% 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, HP Inc has a price-earnings ratio of 5.98, a price-earnings-to-growth (PEG) ratio of 0.33, a EV-to-Ebitda ratio of 4.71 and a price-sales ratio of 0.56.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.
McCormick & Co Inc
The guru established a new position worth 87,653 shares in NYSE:MKC, giving the stock a 0.92% weight in the equity portfolio. Shares traded for an average price of $97.74 during the quarter.
On 08/04/2022, McCormick & Co Inc traded for a price of $88.29 per share and a market cap of $23.68Bil. The stock has returned 7.89% 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, McCormick & Co Inc has a price-earnings ratio of 34.90, a price-book ratio of 5.16, a price-earnings-to-growth (PEG) ratio of 3.67, a EV-to-Ebitda ratio of 25.63 and a price-sales ratio of 3.78.
The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.
Union Pacific Corp
During the quarter, SAWGRASS ASSET MANAGEMENT LLC bought 30,517 shares of NYSE:UNP for a total holding of 69,839. The trade had a 0.87% impact on the equity portfolio. During the quarter, the stock traded for an average price of $252.38.
On 08/04/2022, Union Pacific Corp traded for a price of $227.35 per share and a market cap of $141.98Bil. The stock has returned 6.64% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Union Pacific Corp has a price-earnings ratio of 21.19, a price-book ratio of 11.17, a price-earnings-to-growth (PEG) ratio of 2.49, a EV-to-Ebitda ratio of 14.19 and a price-sales ratio of 6.19.
The price-to-GF Value ratio is 0.90, 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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