GREAT LAKES ADVISORS, LLC recently filed their 13F report for the third quarter of 2022, which ended on 2022-09-30.
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.
Great Lakes Advisors, LLC is an investment management firm based out of Chicago, Illinois. The company was established in 1981 and has expanded from its inception to now have additional locations in Lake Forest and Pewaukee. Great Lakes Advisors is headed by CEO, Manager, and Director Thomas R. Kiley and has grown to now operate with 66 employees of which 30 are investment professionals. The company was formerly known as Wayne Hummer Asset Management Company and currently operates as a subsidiary of Wayne Hummer Investments LLC. Great Lakes Advisors conducts its research both internally and externally, utilizing a quantitative and fundamental methodology with a bottom up approach to make its investment decisions. The company invests in the public equity and fixed income markets within the U.S., focusing on the value stocks of small and large cap companies and benchmarking its performance against various Russell, Barclays and S&P indexes. Great Lakes Advisors invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the industrials, information technology, health care, consumer staples, energy, and consumer discretionary sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings make up under a fifth of its total holdings and the company has a turnover rate of approximately 25.4%. Great Lakes Advisors holds over $6.4 billion in total assets under management spread across over 1,600 accounts, all of which are discretionary accounts except for 11 that make up approximately $970 million of its managed assets. The company mainly caters to individuals, which alone makes up over half of its entire clientele, and also provides services to a wide array of other clients. Great Lakes Advisors offers its Fundamental Equity, Disciplined Equity, Diversified Balanced, Long Short Equity Fund, Socially Responsible, and Fixed Income strategies.
As of the latest 13F report, the guru’s equity portfolio contained 600 stocks valued at a total of $4.23Bil. The top holdings were MSFT(1.96%), AAPL(1.89%), and UNH(1.85%).
According to GuruFocus data, these were GREAT LAKES ADVISORS, LLC’s top five trades of the quarter.
Steel Dynamics Inc
GREAT LAKES ADVISORS, LLC reduced their investment in NAS:STLD by 336,482 shares. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $75.69.
On 11/10/2022, Steel Dynamics Inc traded for a price of $92.05 per share and a market cap of $16.16Bil. The stock has returned 41.99% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Steel Dynamics Inc has a price-earnings ratio of 4.06, a price-book ratio of 2.04, a price-earnings-to-growth (PEG) ratio of 0.16, a EV-to-Ebitda ratio of 2.94 and a price-sales ratio of 0.77.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 5.
SLM Corp
The guru sold out of their 1,357,096-share investment in NAS:SLM. Previously, the stock had a 0.46% weight in the equity portfolio. Shares traded for an average price of $15.5 during the quarter.
On 11/10/2022, SLM Corp traded for a price of $16.46 per share and a market cap of $4.12Bil. The stock has returned -8.70% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, SLM Corp has a price-earnings ratio of 5.36, a price-book ratio of 2.38, a price-earnings-to-growth (PEG) ratio of 0.53 and a price-sales ratio of 2.25.
The price-to-GF Value ratio is 0.77, earning the stock a GF Value rank of 9.
Baxter International Inc
During the quarter, GREAT LAKES ADVISORS, LLC bought 330,615 shares of NYSE:BAX for a total holding of 337,843. The trade had a 0.42% impact on the equity portfolio. During the quarter, the stock traded for an average price of $60.17.
On 11/10/2022, Baxter International Inc traded for a price of $51.65 per share and a market cap of $26.04Bil. The stock has returned -32.06% 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, Baxter International Inc has a price-book ratio of 4.70, a EV-to-Ebitda ratio of -68.34 and a price-sales ratio of 1.78.
The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 8.
The Middleby Corp
The guru established a new position worth 131,375 shares in NAS:MIDD, giving the stock a 0.4% weight in the equity portfolio. Shares traded for an average price of $140.35 during the quarter.
On 11/10/2022, The Middleby Corp traded for a price of $125.53 per share and a market cap of $6.76Bil. The stock has returned -34.10% 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, The Middleby Corp has a price-earnings ratio of 14.80, a price-book ratio of 2.80, a price-earnings-to-growth (PEG) ratio of 2.06, a EV-to-Ebitda ratio of 11.95 and a price-sales ratio of 1.91.
The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 9.
Emerson Electric Co
GREAT LAKES ADVISORS, LLC reduced their investment in NYSE:EMR by 228,428 shares. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $83.05.
On 11/10/2022, Emerson Electric Co traded for a price of $90.12 per share and a market cap of $53.29Bil. The stock has returned -4.92% 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, Emerson Electric Co has a price-earnings ratio of 16.66, a price-book ratio of 5.14, a price-earnings-to-growth (PEG) ratio of 1.67, a EV-to-Ebitda ratio of 11.75 and a price-sales ratio of 2.74.
The price-to-GF Value ratio is 0.97, earning the stock a GF Value rank of 5.
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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