Bruce Berkowitz 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.
Bruce Berkowitz (Trades, Portfolio) is the founder and the Managing Member of the Fairholme Fund (Trades, Portfolio). Prior to forming Fairholme Capital Management, Mr. Berkowitz was a Managing Director of Smith Barney, Inc. from December of 1993 to October of 1997.
As of the latest 13F report, the guru’s equity portfolio contained 15 stocks valued at a total of $1.21Bil. The top holdings were JOE(80.07%), EPD(7.24%), and CMC(6.27%).
According to GuruFocus data, these were Bruce Berkowitz (Trades, Portfolio)’s top five trades of the quarter.
Enterprise Products Partners LP
During the quarter, Bruce Berkowitz (Trades, Portfolio) bought 368,000 shares of NYSE:EPD for a total holding of 3,592,800. The trade had a 0.74% impact on the equity portfolio. During the quarter, the stock traded for an average price of $26.3.
On 08/15/2022, Enterprise Products Partners LP traded for a price of $27.13 per share and a market cap of $59.12Bil. The stock has returned 28.71% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Enterprise Products Partners LP has a price-earnings ratio of 12.20, a price-book ratio of 2.28, a price-earnings-to-growth (PEG) ratio of 1.56, a EV-to-Ebitda ratio of 10.58 and a price-sales ratio of 1.16.
The price-to-GF Value ratio is 0.76, earning the stock a GF Value rank of 10.
Commercial Metals Co
During the quarter, Bruce Berkowitz (Trades, Portfolio) bought 216,600 shares of NYSE:CMC for a total holding of 2,291,000. The trade had a 0.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $39.42.
On 08/15/2022, Commercial Metals Co traded for a price of $43.02 per share and a market cap of $5.18Bil. The stock has returned 20.29% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Commercial Metals Co has a price-earnings ratio of 4.88, a price-book ratio of 1.62, a price-earnings-to-growth (PEG) ratio of 0.19, a EV-to-Ebitda ratio of 3.99 and a price-sales ratio of 0.61.
The price-to-GF Value ratio is 1.25, earning the stock a GF Value rank of 3.
The St. Joe Co
Bruce Berkowitz (Trades, Portfolio) reduced their investment in NYSE:JOE by 146,800 shares. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $50.01.
On 08/15/2022, The St. Joe Co traded for a price of $43.2 per share and a market cap of $2.54Bil. The stock has returned -2.96% 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, The St. Joe Co has a price-earnings ratio of 32.73, a price-book ratio of 4.04, a price-earnings-to-growth (PEG) ratio of 1.19, a EV-to-Ebitda ratio of 20.57 and a price-sales ratio of 8.88.
The price-to-GF Value ratio is 0.73, earning the stock a GF Value rank of 8.
D.R. Horton Inc
The guru established a new position worth 71,000 shares in NYSE:DHI, giving the stock a 0.39% weight in the equity portfolio. Shares traded for an average price of $70.35 during the quarter.
On 08/15/2022, D.R. Horton Inc traded for a price of $78.82 per share and a market cap of $27.39Bil. The stock has returned -18.47% 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, D.R. Horton Inc has a price-earnings ratio of 5.06, a price-book ratio of 1.51, a price-earnings-to-growth (PEG) ratio of 0.18, a EV-to-Ebitda ratio of 4.34 and a price-sales ratio of 0.88.
The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 8.
Energy Transfer LP
Bruce Berkowitz (Trades, Portfolio) reduced their investment in NYSE:ET by 575,500 shares. The trade had a 0.37% impact on the equity portfolio. During the quarter, the stock traded for an average price of $11.2.
On 08/15/2022, Energy Transfer LP traded for a price of $11.58 per share and a market cap of $35.75Bil. The stock has returned 29.74% 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, Energy Transfer LP has a price-earnings ratio of 9.26, a price-book ratio of 1.09, a EV-to-Ebitda ratio of 7.28 and a price-sales ratio of 0.41.
The price-to-GF Value ratio is 0.97, 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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