RIVERBRIDGE PARTNERS LLC's Top 5 Buys of the 2nd Quarter

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Aug 29, 2022
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RIVERBRIDGE PARTNERS 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.

Riverbridge Partners is an investment management company based out of Minneapolis, Minnesota. The company was established in 1987 and started out with its All Cap Growth portfolio and would grow to currently have 30 employees with half of them being investment professionals. Riverbridge Partners would grow and ramp up its launching of new strategies, introducing four new ones in the 2000s alone. The company utilizes a conservative fundamental analysis to make its investment decisions, allocating its assets in the public equity and fixed income markets of the U.S. Riverbridge Partners invests in the growth stocks of companies across all major market caps, benchmarking its performance against various S&P and Russell indexes. The company invests most heavily in the industrials sector, which alone makes up over a quarter of its total asset allocations, and also invests its assets in the information technology, health care, and consumer discretionary sectors, among various other sectors to a lesser degree, in order of decreasing allocation. Riverbridge Partners’s top holdings include Sepheid Inc., Ultimate Software Group Inc., and Dealertrack Technologies Inc., with its top 10 holdings making up just under 30% of its total holdings and the firm having a turnover rate of 6.7%. The company currently holds over $5.5 billion in total assets under management spread across 4,450 accounts, all of which are discretionary. Both of the company’s total accounts and total held assets have been increasing in recent years with its total managed assets growing significantly from $1 billion back in 2010 to well over 5 times that amount. Riverbridge Partners mainly caters to high net worth individuals, which alone makes up approximately two thirds of its client base, and also provides its businesses to a highly diverse clientele. The company currently offers a variety of strategies including its two mutual funds the Riverbridge Growth Fund and Riverbridge Eco Leaders Fund.

As of the latest 13F report, the guru’s equity portfolio contained 199 stocks valued at a total of $13.19Bil. The top holdings were RBA(4.22%), LOPE(3.19%), and MSFT(2.71%).

According to GuruFocus data, these were RIVERBRIDGE PARTNERS LLC’s top five trades of the quarter.

Ritchie Bros Auctioneers Inc


During the quarter, RIVERBRIDGE PARTNERS LLC bought 3,761,736 shares of NYSE:RBA for a total holding of 8,563,179. The trade had a 1.85% impact on the equity portfolio. During the quarter, the stock traded for an average price of $58.7.

On 08/29/2022, Ritchie Bros Auctioneers Inc traded for a price of $69.83 per share and a market cap of $7.80Bil. The stock has returned 13.12% 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, Ritchie Bros Auctioneers Inc has a price-earnings ratio of 27.17, a price-book ratio of 6.35, a price-earnings-to-growth (PEG) ratio of 1.67, a EV-to-Ebitda ratio of 15.39 and a price-sales ratio of 5.12.

The price-to-GF Value ratio is 1.09, earning the stock a GF Value rank of 3.

Microsoft Corp


During the quarter, RIVERBRIDGE PARTNERS LLC bought 650,369 shares of NAS:MSFT for a total holding of 1,391,711. The trade had a 1.27% impact on the equity portfolio. During the quarter, the stock traded for an average price of $271.99.

On 08/29/2022, Microsoft Corp traded for a price of $265.23 per share and a market cap of $1,978.06Bil. The stock has returned -10.68% 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 27.52, a price-book ratio of 11.88, a price-earnings-to-growth (PEG) ratio of 1.34, a EV-to-Ebitda ratio of 19.30 and a price-sales ratio of 10.10.

The price-to-GF Value ratio is 0.86, earning the stock a GF Value rank of 7.

Five Below Inc


During the quarter, RIVERBRIDGE PARTNERS LLC bought 1,405,115 shares of NAS:FIVE for a total holding of 3,010,653. The trade had a 1.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $144.07.

On 08/29/2022, Five Below Inc traded for a price of $126.01 per share and a market cap of $6.99Bil. The stock has returned -41.30% 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, Five Below Inc has a price-earnings ratio of 27.03, a price-book ratio of 6.29, a price-earnings-to-growth (PEG) ratio of 1.33, a EV-to-Ebitda ratio of 17.99 and a price-sales ratio of 2.45.

The price-to-GF Value ratio is 0.57, earning the stock a GF Value rank of 4.

Amedisys Inc


During the quarter, RIVERBRIDGE PARTNERS LLC bought 1,487,924 shares of NAS:AMED for a total holding of 3,181,580. The trade had a 1.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $128.46.

On 08/29/2022, Amedisys Inc traded for a price of $120.56 per share and a market cap of $3.91Bil. The stock has returned -32.10% 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, Amedisys Inc has a price-earnings ratio of 28.09, a price-book ratio of 3.96, a price-earnings-to-growth (PEG) ratio of 0.78, a EV-to-Ebitda ratio of 15.99 and a price-sales ratio of 1.80.

The price-to-GF Value ratio is 0.60, earning the stock a GF Value rank of 8.

Fastenal Co


During the quarter, RIVERBRIDGE PARTNERS LLC bought 2,899,460 shares of NAS:FAST for a total holding of 6,444,499. The trade had a 1.1% impact on the equity portfolio. During the quarter, the stock traded for an average price of $53.98.

On 08/29/2022, Fastenal Co traded for a price of $51.01 per share and a market cap of $29.31Bil. The stock has returned -6.20% 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, Fastenal Co has a price-earnings ratio of 28.49, a price-book ratio of 9.23, a price-earnings-to-growth (PEG) ratio of 3.17, a EV-to-Ebitda ratio of 19.43 and a price-sales ratio of 4.49.

The price-to-GF Value ratio is 0.90, earning the stock a GF Value rank of 7.


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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