Cottage Street Advisors LLC Goes on Buying Spree in 4th Quarter

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Jan 20, 2023

Cottage Street Advisors LLC recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.

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.

9 COTTAGE STREET MARION, MA 02738

As of the latest 13F report, the guru’s equity portfolio contained 30 stocks valued at a total of $19.40Bil. The top holdings were AAPL(13.39%), MSFT(6.96%), and MMP(5.66%).

According to GuruFocus data, these were Cottage Street Advisors LLC’s top five trades of the quarter.

Apple Inc


During the quarter, Cottage Street Advisors LLC bought 4,960,901 shares of NAS:AAPL for a total holding of 5,021,157. The trade had a 13.23% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.

On 01/20/2023, Apple Inc traded for a price of $135.27 per share and a market cap of $2,142.16Bil. The stock has returned -18.08% 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, Apple Inc has a price-earnings ratio of 22.14, a price-book ratio of 42.56, a price-earnings-to-growth (PEG) ratio of 1.27, a EV-to-Ebitda ratio of 16.63 and a price-sales ratio of 5.61.

The price-to-GF Value ratio is 0.78, earning the stock a GF Value rank of 9.

Microsoft Corp


During the quarter, Cottage Street Advisors LLC bought 3,742,199 shares of NAS:MSFT for a total holding of 3,763,300. The trade had a 6.92% impact on the equity portfolio. During the quarter, the stock traded for an average price of $239.99.

On 01/20/2023, Microsoft Corp traded for a price of $231.93 per share and a market cap of $1,728.92Bil. The stock has returned -22.70% 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 24.99, a price-book ratio of 9.96, a price-earnings-to-growth (PEG) ratio of 1.21, a EV-to-Ebitda ratio of 16.68 and a price-sales ratio of 8.59.

The price-to-GF Value ratio is 0.74, earning the stock a GF Value rank of 9.

Magellan Midstream Partners LP


During the quarter, Cottage Street Advisors LLC bought 3,410,731 shares of NYSE:MMP for a total holding of 3,499,828. The trade had a 5.52% impact on the equity portfolio. During the quarter, the stock traded for an average price of $50.74.

On 01/20/2023, Magellan Midstream Partners LP traded for a price of $52.74 per share and a market cap of $10.81Bil. The stock has returned 16.96% 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, Magellan Midstream Partners LP has a price-earnings ratio of 10.18, a price-book ratio of 6.17, a price-earnings-to-growth (PEG) ratio of 4.73, a EV-to-Ebitda ratio of 11.66 and a price-sales ratio of 3.54.

The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 6.

Visa Inc


During the quarter, Cottage Street Advisors LLC bought 3,136,223 shares of NYSE:V for a total holding of 3,156,323. The trade had a 5.12% impact on the equity portfolio. During the quarter, the stock traded for an average price of $201.66.

On 01/20/2023, Visa Inc traded for a price of $220.41 per share and a market cap of $466.74Bil. The stock has returned 3.40% over the past year.

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

In terms of valuation, Visa Inc has a price-earnings ratio of 31.53, a price-book ratio of 13.09, a price-earnings-to-growth (PEG) ratio of 3.00, a EV-to-Ebitda ratio of 24.09 and a price-sales ratio of 16.06.

The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.

iShares Core S&P Mid-Cap ETF


During the quarter, Cottage Street Advisors LLC bought 4,313,088 shares of ARCA:IJH for a total holding of 4,334,888. The trade had a 4.68% impact on the equity portfolio. During the quarter, the stock traded for an average price of $240.73.

On 01/20/2023, iShares Core S&P Mid-Cap ETF traded for a price of $250.7 per share and a market cap of $66.03Bil. The stock has returned -4.73% over the past year.

There is insufficient data to calculate the stock’s financial strength and profitability ratings.

In terms of valuation, iShares Core S&P Mid-Cap ETF has a price-earnings ratio of 13.51 and a price-book ratio of 2.31.


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.

When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.

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