Sachem Head Capital Management LP 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.
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As of the latest 13F report, the guru’s equity portfolio contained 20 stocks valued at a total of $3.32Bil. The top holdings were IFF(22.44%), USFD(17.49%), and ELAN(16.46%).
According to GuruFocus data, these were Sachem Head Capital Management LP’s top five trades of the quarter.
FedEx Corp
The guru established a new position worth 493,900 shares in NYSE:FDX, giving the stock a 3.37% weight in the equity portfolio. Shares traded for an average price of $213.68 during the quarter.
On 08/15/2022, FedEx Corp traded for a price of $230.68 per share and a market cap of $59.96Bil. The stock has returned -15.22% 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, FedEx Corp has a price-earnings ratio of 16.13, a price-book ratio of 2.40, a price-earnings-to-growth (PEG) ratio of 2.44, a EV-to-Ebitda ratio of 9.30 and a price-sales ratio of 0.66.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 7.
Olin Corp
Sachem Head Capital Management LP reduced their investment in NYSE:OLN by 2,500,000 shares. The trade had a 3.34% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.68.
On 08/15/2022, Olin Corp traded for a price of $58.1 per share and a market cap of $8.43Bil. The stock has returned 21.94% 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, Olin Corp has a price-earnings ratio of 6.11, a price-book ratio of 3.13, a EV-to-Ebitda ratio of 4.00 and a price-sales ratio of 0.94.
The price-to-GF Value ratio is 1.19, earning the stock a GF Value rank of 3.
Arconic Corp
During the quarter, Sachem Head Capital Management LP bought 3,626,600 shares of NYSE:ARNC for a total holding of 4,076,600. The trade had a 3.06% impact on the equity portfolio. During the quarter, the stock traded for an average price of $27.01.
On 08/15/2022, Arconic Corp traded for a price of $27.98 per share and a market cap of $2.87Bil. The stock has returned -20.56% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Arconic Corp has a price-earnings ratio of 22.75, a price-book ratio of 1.63, a EV-to-Ebitda ratio of 7.72 and a price-sales ratio of 0.35.
New Relic Inc
The guru established a new position worth 1,485,000 shares in NYSE:NEWR, giving the stock a 2.24% weight in the equity portfolio. Shares traded for an average price of $55.69 during the quarter.
On 08/15/2022, New Relic Inc traded for a price of $69.41 per share and a market cap of $4.67Bil. The stock has returned -13.19% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, New Relic Inc has a price-book ratio of 15.12, a EV-to-Ebitda ratio of -34.22 and a price-sales ratio of 5.52.
The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 9.
Post Holdings Inc
The guru sold out of their 905,000-share investment in NYSE:POST. Previously, the stock had a 1.6% weight in the equity portfolio. Shares traded for an average price of $77.42 during the quarter.
On 08/15/2022, Post Holdings Inc traded for a price of $89.06 per share and a market cap of $5.32Bil. The stock has returned 20.28% 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, Post Holdings Inc has a price-earnings ratio of 7.88, a price-book ratio of 1.57, a price-earnings-to-growth (PEG) ratio of 0.68, a EV-to-Ebitda ratio of 6.03 and a price-sales ratio of 0.78.
The price-to-GF Value ratio is 1.07, earning the stock a GF Value rank of 3.
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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