Top 5 2nd Quarter Trades of DF DENT & CO INC

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Aug 16, 2022
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DF DENT & CO INC 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.

DF Dent & Co Inc. is an investment management firm based out of Baltimore, Maryland. The company was established in 1976 and has been offering independent investment advisory services for almost four decades. Since the company’s inception, DF Dent & Co has grown to have 14 employees and is led by Chairman and President Daniel Forbes Dent. The firm conducts its research internally with the director of research being Bruce L. Kennedy. DF Dent & Co invests in the fixed income and public equity markets within the U.S., focusing on the growth stocks of companies across all market caps. The company invests most heavily in the industrials sector, which alone makes up over quarter of its total asset allocations, and also invests in the finance and information technology sectors, which each make up another fifth of its total asset allocations, and also in the consumer discretionary, health care, and materials sectors, among others to a lesser degree, in order of decreasing allocation. DF Dent & Co’s top 10 holdings make up just over a third of its total holdings and the company has a turnover rate of approximately 19.5%. The firm holds approximately $4.5 billion in total assets under management spread across 886 accounts, all of which are discretionary accounts. Both of DF Dent & Co’s total number of accounts held and total assets under management have been increasing in recent years with its total managed assets growing significantly from its $2.1 billion amount back in 2010 to well over twice that amount today. DF Dent & Co mainly caters to high net worth individuals, which alone makes up almost half of its client base, and also provides to individuals, charities, pension and profit sharing plans, investment companies, corporations, and state or municipal entities, in order of decreasing clientele. The company currently offers its Small Cap, MidCap, and Premier Growth mutual funds.

As of the latest 13F report, the guru’s equity portfolio contained 232 stocks valued at a total of $7.09Bil. The top holdings were WCN(3.48%), TECH(3.34%), and ANSS(3.20%).

According to GuruFocus data, these were DF DENT & CO INC’s top five trades of the quarter.

Twilio Inc


The guru sold out of their 343,464-share investment in NYSE:TWLO. Previously, the stock had a 0.65% weight in the equity portfolio. Shares traded for an average price of $112.71 during the quarter.

On 08/16/2022, Twilio Inc traded for a price of $86.655 per share and a market cap of $15.81Bil. The stock has returned -75.10% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Twilio Inc has a price-book ratio of 1.48, a EV-to-Ebitda ratio of -16.85 and a price-sales ratio of 4.66.

The price-to-GF Value ratio is 0.22, earning the stock a GF Value rank of 2.

Verisk Analytics Inc


DF DENT & CO INC reduced their investment in NAS:VRSK by 245,686 shares. The trade had a 0.61% impact on the equity portfolio. During the quarter, the stock traded for an average price of $186.93.

On 08/16/2022, Verisk Analytics Inc traded for a price of $204.47 per share and a market cap of $32.11Bil. The stock has returned 7.50% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Verisk Analytics Inc has a price-earnings ratio of 31.57, a price-book ratio of 13.75, a price-earnings-to-growth (PEG) ratio of 3.95, a EV-to-Ebitda ratio of 19.98 and a price-sales ratio of 10.84.

The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.

SBA Communications Corp


DF DENT & CO INC reduced their investment in NAS:SBAC by 125,848 shares. The trade had a 0.5% impact on the equity portfolio. During the quarter, the stock traded for an average price of $337.12.

On 08/16/2022, SBA Communications Corp traded for a price of $347.94 per share and a market cap of $37.47Bil. The stock has returned -0.71% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, SBA Communications Corp has a price-earnings ratio of 107.53, a price-earnings-to-growth (PEG) ratio of 16.54, a EV-to-Ebitda ratio of 35.73 and a price-sales ratio of 15.59.

The price-to-GF Value ratio is 0.97, earning the stock a GF Value rank of 6.

Microsoft Corp


During the quarter, DF DENT & CO INC bought 135,373 shares of NAS:MSFT for a total holding of 251,198. The trade had a 0.49% impact on the equity portfolio. During the quarter, the stock traded for an average price of $271.99.

On 08/16/2022, Microsoft Corp traded for a price of $293.03 per share and a market cap of $2,186.43Bil. The stock has returned 0.34% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Microsoft Corp has a price-earnings ratio of 30.41, a price-book ratio of 13.14, a price-earnings-to-growth (PEG) ratio of 1.48, a EV-to-Ebitda ratio of 21.38 and a price-sales ratio of 11.14.

The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 6.

IDEXX Laboratories Inc


During the quarter, DF DENT & CO INC bought 86,390 shares of NAS:IDXX for a total holding of 302,499. The trade had a 0.43% impact on the equity portfolio. During the quarter, the stock traded for an average price of $409.99.

On 08/16/2022, IDEXX Laboratories Inc traded for a price of $382.41 per share and a market cap of $31.74Bil. The stock has returned -43.56% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, IDEXX Laboratories Inc has a price-earnings ratio of 49.18, a price-book ratio of 69.60, a price-earnings-to-growth (PEG) ratio of 2.54, a EV-to-Ebitda ratio of 34.41 and a price-sales ratio of 9.89.

The price-to-GF Value ratio is 0.73, earning the stock a GF Value rank of 10.


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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