Murray Stahl 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.
Murray Stahl (Trades, Portfolio) is Chief Executive Officer, Chairman of the Board of Horizon Kinetics and is a co-founder of the firm. He has over thirty years of investing experience and is responsible for overseeing the firm’s proprietary research. Murray serves as the firm’s Chief Investment Officer and chairs the Investment Committee, which is responsible for portfolio management decisions.
He is also the Co-Portfolio Manager for a number of registered investment companies, private funds and institutional separate accounts. Additionally, Murray is the Chairman and Chief Executive Officer of FRMO Corp. He is also a member of the Board of Directors of the Minneapolis Grain Exchange, the Bermuda Stock Exchange and Texas Pacific Land Corporation. Prior to co-founding the Firm, Murray spent 16 years at Bankers Trust Company (1978-1994) as a senior portfolio manager and research analyst. As a senior fund manager, he was responsible for investing the Utility Mutual Fund, along with three of the bank’s Common Trust Funds: The Special Opportunity Fund, The Utility Fund and The Tangible Assets Fund. He was also a member of the Equity Strategy Group and the Investment Strategy Group, which established asset allocation guidelines for the Private Bank.
Murray received a Bachelor of Arts in 1976, a Masters of Arts in 1980 from Brooklyn College, and an MBA from Pace University in 1985.
As of the latest 13F report, the guru’s equity portfolio contained 337 stocks valued at a total of $4.78Bil. The top holdings were TPL(46.91%), FNV(3.07%), and CACI(2.75%).
According to GuruFocus data, these were Murray Stahl (Trades, Portfolio)’s top five trades of the quarter.
Bunge Ltd
The guru established a new position worth 351,540 shares in NYSE:BG, giving the stock a 0.78% weight in the equity portfolio. Shares traded for an average price of $102.32 during the quarter.
On 08/05/2022, Bunge Ltd traded for a price of $97.23 per share and a market cap of $14.73Bil. The stock has returned 32.15% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Bunge Ltd has a price-earnings ratio of 8.35, a price-book ratio of 1.67, a EV-to-Ebitda ratio of 7.47 and a price-sales ratio of 0.24.
The price-to-GF Value ratio is 1.03, earning the stock a GF Value rank of 6.
IHS Markit Ltd
The guru sold out of their 195,052-share investment in NYSE:INFO. Previously, the stock had a 0.57% weight in the equity portfolio. Shares traded for an average price of $116.3 during the quarter.
On 08/05/2022, IHS Markit Ltd traded for a price of $108.61 per share and a market cap of $43.34Bil. The stock has returned 21.07% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, IHS Markit Ltd has a price-earnings ratio of 36.20, a price-book ratio of 4.57, a price-earnings-to-growth (PEG) ratio of 1.59, a EV-to-Ebitda ratio of 22.35 and a price-sales ratio of 9.36.
S&P Global Inc
During the quarter, Murray Stahl (Trades, Portfolio) bought 51,685 shares of NYSE:SPGI for a total holding of 53,000. The trade had a 0.43% impact on the equity portfolio. During the quarter, the stock traded for an average price of $407.24.
On 08/05/2022, S&P Global Inc traded for a price of $375.5 per share and a market cap of $124.89Bil. The stock has returned -14.51% 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 27.91, a price-book ratio of 3.21, a price-earnings-to-growth (PEG) ratio of 3.53, a EV-to-Ebitda ratio of 22.30 and a price-sales ratio of 10.79.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 7.
Archer-Daniels Midland Co
During the quarter, Murray Stahl (Trades, Portfolio) bought 209,718 shares of NYSE:ADM for a total holding of 983,882. The trade had a 0.38% impact on the equity portfolio. During the quarter, the stock traded for an average price of $77.76.
On 08/05/2022, Archer-Daniels Midland Co traded for a price of $82.91 per share and a market cap of $46.48Bil. The stock has returned 43.62% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Archer-Daniels Midland Co has a price-earnings ratio of 13.07, a price-book ratio of 1.90, a price-earnings-to-growth (PEG) ratio of 1.72, a EV-to-Ebitda ratio of 10.08 and a price-sales ratio of 0.50.
The price-to-GF Value ratio is 1.10, earning the stock a GF Value rank of 5.
Viper Energy Partners LP
During the quarter, Murray Stahl (Trades, Portfolio) bought 637,210 shares of NAS:VNOM for a total holding of 2,203,014. The trade had a 0.38% impact on the equity portfolio. During the quarter, the stock traded for an average price of $27.62.
On 08/05/2022, Viper Energy Partners LP traded for a price of $28.99 per share and a market cap of $2.18Bil. The stock has returned 70.90% 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, Viper Energy Partners LP has a price-earnings ratio of 20.04, a price-book ratio of 2.93, a price-earnings-to-growth (PEG) ratio of 0.37, a EV-to-Ebitda ratio of 4.31 and a price-sales ratio of 2.90.
The price-to-GF Value ratio is 0.74, earning the stock a GF Value rank of 9.
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.
