ValueAct Capital 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.
ValueAct Capital (Trades, Portfolio) has been in business for 21 years. It has made over 100 core investments and its managers have served on 49 public company boards.
It learns from management teams as they innovate, grow, transform business models, reduce cost structures, manage crises and transact M&A. Its goal is to leave a company in a better position than when it first invests in it. The firm regularly holds positions for 3-5 years. Occasionally positions are held for 10 years or more.
As of the latest 13F report, the guru’s equity portfolio contained 12 stocks valued at a total of $5.90Bil. The top holdings were FISV(23.22%), KKR(19.27%), and STX(12.12%).
According to GuruFocus data, these were ValueAct Capital (Trades, Portfolio)’s top five trades of the quarter.
New York Times Co
During the quarter, ValueAct Capital (Trades, Portfolio) bought 8,519,741 shares of NYSE:NYT for a total holding of 11,614,741. The trade had a 4.15% impact on the equity portfolio. During the quarter, the stock traded for an average price of $30.56.
On 11/15/2022, New York Times Co traded for a price of $35.86 per share and a market cap of $5.93Bil. The stock has returned -24.43% over the past year.
GuruFocus gives the company a financial strength rating of 10 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, New York Times Co has a price-earnings ratio of 34.82, a price-book ratio of 3.86, a price-earnings-to-growth (PEG) ratio of 2.51, a EV-to-Ebitda ratio of 16.87 and a price-sales ratio of 2.70.
The price-to-GF Value ratio is 0.70, earning the stock a GF Value rank of 10.
SLM Corp
The guru sold out of their 10,886,031-share investment in NAS:SLM. Previously, the stock had a 2.77% weight in the equity portfolio. Shares traded for an average price of $15.5 during the quarter.
On 11/15/2022, SLM Corp traded for a price of $17.14 per share and a market cap of $4.29Bil. The stock has returned -6.14% 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 5.58, a price-book ratio of 2.48, a price-earnings-to-growth (PEG) ratio of 0.55 and a price-sales ratio of 2.33.
The price-to-GF Value ratio is 0.80, earning the stock a GF Value rank of 9.
Bausch Health Companies Inc
The guru sold out of their 14,341,265-share investment in NYSE:BHC. Previously, the stock had a 1.91% weight in the equity portfolio. Shares traded for an average price of $6.95 during the quarter.
On 11/15/2022, Bausch Health Companies Inc traded for a price of $7.14 per share and a market cap of $2.58Bil. The stock has returned -73.00% over the past year.
GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Bausch Health Companies Inc has a price-earnings ratio of 10.20, a EV-to-Ebitda ratio of 7.66 and a price-sales ratio of 0.33.
The price-to-GF Value ratio is 0.35, earning the stock a GF Value rank of 4.
TopBuild Corp
During the quarter, ValueAct Capital (Trades, Portfolio) bought 341,345 shares of NYSE:BLD for a total holding of 1,546,253. The trade had a 0.95% impact on the equity portfolio. During the quarter, the stock traded for an average price of $184.91.
On 11/15/2022, TopBuild Corp traded for a price of $150 per share and a market cap of $4.80Bil. The stock has returned -44.25% 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, TopBuild Corp has a price-earnings ratio of 9.99, a price-book ratio of 2.65, a price-earnings-to-growth (PEG) ratio of 0.26, a EV-to-Ebitda ratio of 7.97 and a price-sales ratio of 1.02.
The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 8.
Insight Enterprises Inc
During the quarter, ValueAct Capital (Trades, Portfolio) bought 322,725 shares of NAS:NSIT for a total holding of 4,421,951. The trade had a 0.45% impact on the equity portfolio. During the quarter, the stock traded for an average price of $88.92.
On 11/15/2022, Insight Enterprises Inc traded for a price of $99.58 per share and a market cap of $3.47Bil. The stock has returned -5.58% 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, Insight Enterprises Inc has a price-earnings ratio of 13.79, a price-book ratio of 2.14, a price-earnings-to-growth (PEG) ratio of 0.90, a EV-to-Ebitda ratio of 9.17 and a price-sales ratio of 0.35.
The price-to-GF Value ratio is 0.99, 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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