Covington Capital Management 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.
601 SOUTH FIGUEROA STREET, SUITE 2000 LOS ANGELES, CA 90017
As of the latest 13F report, the guru’s equity portfolio contained 1213 stocks valued at a total of $2.32Bil. The top holdings were MSFT(4.61%), AAPL(4.02%), and SJW(3.96%).
According to GuruFocus data, these were Covington Capital Management’s top five trades of the quarter.
SPDR Blackstone Senior Loan ETF
Covington Capital Management reduced their investment in ARCA:SRLN by 111,865 shares. The trade had a 0.18% impact on the equity portfolio. During the quarter, the stock traded for an average price of $41.68.
On 11/16/2022, SPDR Blackstone Senior Loan ETF traded for a price of $41.48 per share and a market cap of $6.29Bil. The stock has returned -4.95% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Gold Trust
Covington Capital Management reduced their investment in ARCA:IAU by 118,867 shares. The trade had a 0.17% impact on the equity portfolio. During the quarter, the stock traded for an average price of $32.77.
On 11/16/2022, iShares Gold Trust traded for a price of $33.6641 per share and a market cap of $25.79Bil. The stock has returned -4.40% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Gold Trust has a price-book ratio of 6.07.
JPMorgan Ultra-Short Income ETF
Covington Capital Management reduced their investment in ARCA:JPST by 58,200 shares. The trade had a 0.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $49.96.
On 11/16/2022, JPMorgan Ultra-Short Income ETF traded for a price of $50.14 per share and a market cap of $21.98Bil. The stock has returned 0.15% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
BlackRock Ultra Short-Term Bond ETF
Covington Capital Management reduced their investment in BATS:ICSH by 54,300 shares. The trade had a 0.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $49.74.
On 11/16/2022, BlackRock Ultra Short-Term Bond ETF traded for a price of $50 per share and a market cap of $7.06Bil. The stock has returned 0.30% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, BlackRock Ultra Short-Term Bond ETF has a price-earnings ratio of 22.31 and a price-book ratio of 0.95.
Generac Holdings Inc
During the quarter, Covington Capital Management bought 11,939 shares of NYSE:GNRC for a total holding of 25,323. The trade had a 0.09% impact on the equity portfolio. During the quarter, the stock traded for an average price of $229.23.
On 11/16/2022, Generac Holdings Inc traded for a price of $103.24 per share and a market cap of $6.50Bil. The stock has returned -76.62% 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, Generac Holdings Inc has a price-earnings ratio of 15.42, a price-book ratio of 2.80, a price-earnings-to-growth (PEG) ratio of 0.62, a EV-to-Ebitda ratio of 10.62 and a price-sales ratio of 1.51.
The price-to-GF Value ratio is 0.28, earning the stock a GF Value rank of 4.
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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