Sanders Capital, 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.
Sanders Capital is an investment management company that is owned by its employees. The company was founded in 2009 by Lew Alan Sanders, who is still active with the company acting as its CEO and co-CIO, and is based out of New York. Sanders Capital conducts its research both internally and externally and utilizes both fundamental and quantitative analysis to make its investment decisions. The firm utilizes extensive field research and a disciplined valuation process to locate securities or assets where “expected internal return meets or exceeds return targets of the services.” Sanders Capital invests in a variety of public equity, derivatives, and fixed income markets on a global scale, focusing on the value stocks of large cap companies. The company currently invests most heavily in the finance, information technology, and health care sectors, each making up approximately a quarter of its total asset allocations, and also invests in the consumer discretionary, industrials, and consumer staples sectors, among others to a lesser degree, in order of decreasing amount allocated. The company currently holds over $17 billion in total assets under management spread across 60 accounts, all of which are discretionary except for 5, which make up approximately $400 million of its assets under management. Both of the company’s total number of accounts and total assets under management have been growing since its inception, with total number of accounts rising from 3 in the first year of its operations to its current amount and its total assets under management growing from $3 billion in its first year of operations to well over 5 times that amount today. The company caters to a variety of clients, including pension and profit sharing plans, pooled investment vehicles, and investment advisors, which each make up approximately a quarter of its clientele, and many others to a lesser degree. Sanders Capital currently offers its Value Equity Portfolios and All Asset Value Portfolios services.
As of the latest 13F report, the guru’s equity portfolio contained 42 stocks valued at a total of $39.50Bil. The top holdings were GOOG(9.04%), UNH(8.96%), and TSM(8.59%).
According to GuruFocus data, these were Sanders Capital, LLC’s top five trades of the quarter.
HCA Healthcare Inc
During the quarter, Sanders Capital, LLC bought 1,374,130 shares of NYSE:HCA for a total holding of 11,120,490. The trade had a 0.58% impact on the equity portfolio. During the quarter, the stock traded for an average price of $215.4.
On 08/14/2022, HCA Healthcare Inc traded for a price of $218.89 per share and a market cap of $62.83Bil. The stock has returned -8.89% 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, HCA Healthcare Inc has a price-earnings ratio of 10.53, a price-earnings-to-growth (PEG) ratio of 0.80, a EV-to-Ebitda ratio of 7.40 and a price-sales ratio of 1.13.
The price-to-GF Value ratio is 1.01, earning the stock a GF Value rank of 6.
Medtronic PLC
Sanders Capital, LLC reduced their investment in NYSE:MDT by 876,631 shares. The trade had a 0.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $101.48.
On 08/14/2022, Medtronic PLC traded for a price of $94.82 per share and a market cap of $125.99Bil. The stock has returned -23.63% 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, Medtronic PLC has a price-earnings ratio of 25.42, a price-book ratio of 2.40, a EV-to-Ebitda ratio of 15.90 and a price-sales ratio of 4.04.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
JPMorgan Chase & Co
During the quarter, Sanders Capital, LLC bought 606,740 shares of NYSE:JPM for a total holding of 9,289,316. The trade had a 0.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $124.09.
On 08/14/2022, JPMorgan Chase & Co traded for a price of $122.13 per share and a market cap of $358.16Bil. The stock has returned -22.04% 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 9.80, a price-book ratio of 1.41, a price-earnings-to-growth (PEG) ratio of 1.46 and a price-sales ratio of 3.03.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 9.
Northrop Grumman Corp
Sanders Capital, LLC reduced their investment in NYSE:NOC by 190,626 shares. The trade had a 0.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $459.05.
On 08/14/2022, Northrop Grumman Corp traded for a price of $479.58 per share and a market cap of $74.20Bil. The stock has returned 33.57% 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, Northrop Grumman Corp has a price-earnings ratio of 13.40, a price-book ratio of 5.44, a price-earnings-to-growth (PEG) ratio of 0.65, a EV-to-Ebitda ratio of 10.04 and a price-sales ratio of 2.16.
The price-to-GF Value ratio is 1.29, earning the stock a GF Value rank of 3.
Seagate Technology Holdings PLC
During the quarter, Sanders Capital, LLC bought 508,220 shares of NAS:STX for a total holding of 5,749,022. The trade had a 0.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $81.39.
On 08/14/2022, Seagate Technology Holdings PLC traded for a price of $83.43 per share and a market cap of $17.42Bil. The stock has returned -5.10% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Seagate Technology Holdings PLC has a price-earnings ratio of 11.37, a price-book ratio of 160.75, a price-earnings-to-growth (PEG) ratio of 1.37, a EV-to-Ebitda ratio of 9.46 and a price-sales ratio of 1.60.
The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.
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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