EATON VANCE MANAGEMENT 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.
Eaton Vance Management’s history can be traced back to 1924 when Charles Eaton decided to create an investment company focused on a “long-term approach to managing investments and uncompromising commitment to integrity and excellence.” The company currently operates as a subsidiary of its holding company Eaton Vance Corporation. Eaton Vance Management mostly services investment companies but also caters to pension and profit sharing plans, high net worth individuals, banking institutions, charities, and pooled investment vehicles, among others. The company is the oldest affiliate under the Eaton Vance group of companies, with others under the umbrella including Parametric Portfolio Associates LLC, Atlanta Capital Investment Managers, and Hexavest, the youngest that was founded in 2004. Under Eaton Vance, the company also sponsors U.S. mutual funds that are managed by third parties, including AGF, Armored Wolf, Lloyd George Management, OirbiMed Advisors, and Richard Bernstein Advisors. Eaton Vance Management itself provides a broad range of equity, fixed income, floating rate income, and alternative strategies with each strategy in accord with its investment philosophy and integrated applications of disciplined investment processes. The company focuses on a fundamental analysis as its foundation, keeping these operations in house and employing research analysts who have experience and expertise in the specific market sectors that they follow. Eaton Vance Management benchmarks the performance of its portfolios against Barclays indices, BofA Merrill Lynch indices, and the JPMorgan Government Bond Index. The company is based in Boston and has additional offices in New York City and Westport. The company currently employs over 700 people to look after its close to 19 thousand accounts that hold a total of approximately $90 billion total assets under management. Although total assets under management have decreased since 2010, the company has increased its total accounts from about 2000 accounts five years prior to its current amount. Some of the mutual funds that the company has include its Bond Fund, Floating Rate Fund, Government Obligations Fund, Hedged Stock Fund. Global Macro Absolute Return Fund, and Global Macro Capital Opportunities Fund.
As of the latest 13F report, the guru’s equity portfolio contained 1563 stocks valued at a total of $71.30Bil. The top holdings were AAPL(5.33%), MSFT(4.27%), and GOOG(2.74%).
According to GuruFocus data, these were EATON VANCE MANAGEMENT’s top five trades of the quarter.
EastGroup Properties Inc
During the quarter, EATON VANCE MANAGEMENT bought 727,557 shares of NYSE:EGP for a total holding of 1,643,967. The trade had a 0.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $175.87.
On 08/16/2022, EastGroup Properties Inc traded for a price of $178.58 per share and a market cap of $7.76Bil. The stock has returned 4.19% 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, EastGroup Properties Inc has a price-earnings ratio of 34.67, a price-book ratio of 3.91, a price-earnings-to-growth (PEG) ratio of 7.88, a EV-to-Ebitda ratio of 24.55 and a price-sales ratio of 16.62.
The price-to-GF Value ratio is 1.06, earning the stock a GF Value rank of 5.
Apple Inc
EATON VANCE MANAGEMENT reduced their investment in NAS:AAPL by 573,752 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $151.81.
On 08/16/2022, Apple Inc traded for a price of $172.885 per share and a market cap of $2,778.31Bil. The stock has returned 14.99% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Apple Inc has a price-earnings ratio of 28.54, a price-book ratio of 47.89, a price-earnings-to-growth (PEG) ratio of 2.01, a EV-to-Ebitda ratio of 21.65 and a price-sales ratio of 7.33.
The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 6.
PayPal Holdings Inc
EATON VANCE MANAGEMENT reduced their investment in NAS:PYPL by 829,323 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $87.21.
On 08/16/2022, PayPal Holdings Inc traded for a price of $102.28 per share and a market cap of $118.38Bil. The stock has returned -63.22% 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, PayPal Holdings Inc has a price-earnings ratio of 58.36, a price-book ratio of 5.94, a price-earnings-to-growth (PEG) ratio of 0.55, a EV-to-Ebitda ratio of 28.93 and a price-sales ratio of 4.51.
The price-to-GF Value ratio is 0.31, earning the stock a GF Value rank of 2.
UnitedHealth Group Inc
EATON VANCE MANAGEMENT reduced their investment in NYSE:UNH by 191,846 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $502.32.
On 08/16/2022, UnitedHealth Group Inc traded for a price of $546.55 per share and a market cap of $509.82Bil. The stock has returned 32.08% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, UnitedHealth Group Inc has a price-earnings ratio of 28.45, a price-book ratio of 6.99, a price-earnings-to-growth (PEG) ratio of 2.16, a EV-to-Ebitda ratio of 18.70 and a price-sales ratio of 1.72.
The price-to-GF Value ratio is 1.25, earning the stock a GF Value rank of 3.
ISHARES TRUST
EATON VANCE MANAGEMENT reduced their investment in NAS:IGSB by 1,833,208 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $50.69.
On 08/16/2022, ISHARES TRUST traded for a price of $50.9595 per share and a market cap of $21.56Bil. The stock has returned -5.30% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
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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