CALAMOS 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.
Calamos Advisors is a private investment management company that operates as a business subsidiary of its parent company Calamos Asset Management Inc. The company was established in 1977 by its current CEO and co-CIO John Peter Calamos, focusing on convertible securities. The company would grow, catering to its first institutional clients beginning in 1981 and launching one of the first convertible securities mutual funds in 1985. The company continued to launch new strategies as it grow, offerings its flagship US equity growth strategy in 1990 and global diversified equity strategy in 1996. In 2004, the company would go public and become listed on the NASDAQ. Calamos Advisors continued expanding its line of strategies and offerings and would open an international office in London in 2009. The company is currently headquartered out of its office in Chicago with further locations in London and New York. Calamos Advisors operates through various focused teams that specialize through investment disciplines and currently has over 350 employees with over 70 of them being investment professionals. The company currently has approximately $24 billion in assets under management spread across over 1,700 accounts, all of which are discretionary accounts. Although its total number of accounts has decreased drastically from over 17,000 accounts five years prior, its total assets has been decreasing at a much slower rate and currently is at the same level as it was back in 2010. The company utilizes a fundamental analysis to make its investment decisions mainly in growth stocks of companies in various market caps, investing most heavily in the information technology sector, which alone makes up almost a third of its total allocations, and also invests in the consumer discretionary, health care, finance, industrials, energy, and consumer staples sectors, among others, in order of decreasing allocation. Calamos Advisors offers a variety of mutual funds including its Total Return Bond, High Income, Hedged Equity, International Equity, and Emerging Market Equity funds.
As of the latest 13F report, the guru’s equity portfolio contained 992 stocks valued at a total of $14.42Bil. The top holdings were MSFT(5.03%), AAPL(4.86%), and VOO(3.27%).
According to GuruFocus data, these were CALAMOS ADVISORS LLC’s top five trades of the quarter.
Vanguard S&P 500 ETF
The guru established a new position worth 1,340,747 shares in ARCA:VOO, giving the stock a 3.27% weight in the equity portfolio. Shares traded for an average price of $351.8 during the quarter.
On 01/26/2023, Vanguard S&P 500 ETF traded for a price of $369.9599 per share and a market cap of $276.80Bil. The stock has returned -6.00% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard S&P 500 ETF has a price-earnings ratio of 19.11 and a price-book ratio of 3.62.
S&P 500 ETF TRUST ETF
CALAMOS ADVISORS LLC reduced their investment in ARCA:SPY by 372,031 shares. The trade had a 0.89% impact on the equity portfolio. During the quarter, the stock traded for an average price of $382.87.
On 01/26/2023, S&P 500 ETF TRUST ETF traded for a price of $402.96 per share and a market cap of $377.01Bil. The stock has returned -5.52% over the past year.
GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 19.13, a price-book ratio of 3.62, a price-earnings-to-growth (PEG) ratio of 2.28, a EV-to-Ebitda ratio of 14.92 and a price-sales ratio of 2.81.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Apple Inc
CALAMOS ADVISORS LLC reduced their investment in NAS:AAPL by 750,333 shares. The trade had a 0.6899999999999999% impact on the equity portfolio. During the quarter, the stock traded for an average price of $142.91.
On 01/26/2023, Apple Inc traded for a price of $143.6771 per share and a market cap of $2,275.30Bil. The stock has returned -9.92% 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 23.52, a price-book ratio of 45.18, a price-earnings-to-growth (PEG) ratio of 1.35, a EV-to-Ebitda ratio of 17.42 and a price-sales ratio of 5.95.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Microsoft Corp
CALAMOS ADVISORS LLC reduced their investment in NAS:MSFT by 339,640 shares. The trade had a 0.53% impact on the equity portfolio. During the quarter, the stock traded for an average price of $239.99.
On 01/26/2023, Microsoft Corp traded for a price of $245.1599 per share and a market cap of $1,824.92Bil. The stock has returned -17.24% 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 27.24, a price-book ratio of 9.97, a price-earnings-to-growth (PEG) ratio of 1.32, a EV-to-Ebitda ratio of 17.79 and a price-sales ratio of 9.00.
The price-to-GF Value ratio is 0.78, earning the stock a GF Value rank of 10.
Meta Platforms Inc
CALAMOS ADVISORS LLC reduced their investment in NAS:META by 446,179 shares. The trade had a 0.4% impact on the equity portfolio. During the quarter, the stock traded for an average price of $117.43.
On 01/26/2023, Meta Platforms Inc traded for a price of $145.11 per share and a market cap of $380.51Bil. The stock has returned -51.19% 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, Meta Platforms Inc has a price-earnings ratio of 13.83, a price-book ratio of 3.12, a price-earnings-to-growth (PEG) ratio of 0.52, a EV-to-Ebitda ratio of 8.22 and a price-sales ratio of 3.35.
The price-to-GF Value ratio is 0.37, 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.
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.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
