Zweig-DiMenna Associates 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.
Zweig-DiMenna Associates LLC is a hedge fund sponsor based out of New York City, New York. The company was originally established in 1983 by cofounders Martin E. Zweig and Joseph A. DiMenna, Jr., both of whom are still with the company acting as managing directors, and has grown from its inception to now operate with 47 total employees of which 24 are investment professionals. Zweig-DiMenna Associates mainly conducts its research internally, although it also utilizes out of house research to complement its in-house efforts. The firm utilizes a fundamental methodology to invest in the public equity markets on a global scale, utilizing long and short equity strategies. Zweig-DiMenna Associates invests most heavily in the consumer discretionary, information technology, and health care sectors, each of which make up over a fifth of its total asset allocations, and also invests in the consumer staples, energy, and finance sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of just over 3 quarters although the firm only holds its top 10 allocations for a single quarter on average. Zweig-DiMenna Associates, in the most recent quarter, has had a turnover rate of approximately 75.4%. The company currently oversees over $1 billion in total assets under management spread across 4 total accounts, all of which are discretionary. Although the company’s total number of accounts has remained steady in recent years, its total assets under management has been on a decreasing trend, declining from $1.6 billion back in 2014 to its current amount today. Zweig-DiMenna Associates currently caters exclusively to pooled investment vehicles. The company takes advisory fees in the form of a percentage of assets and various performance based fees. Zweig-DiMenna Associates is employee owned by Joseph A. DiMenna holding the controlling majority in the company.
As of the latest 13F report, the guru’s equity portfolio contained 108 stocks valued at a total of $686.00Mil. The top holdings were RE(3.61%), OXY(3.15%), and MRO(3.13%).
According to GuruFocus data, these were Zweig-DiMenna Associates LLC’s top five trades of the quarter.
Arch Capital Group Ltd
The guru established a new position worth 313,770 shares in NAS:ACGL, giving the stock a 2.87% weight in the equity portfolio. Shares traded for an average price of $55.83 during the quarter.
On 02/07/2023, Arch Capital Group Ltd traded for a price of $62.17 per share and a market cap of $23.00Bil. The stock has returned 30.47% 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, Arch Capital Group Ltd has a price-earnings ratio of 19.93, a price-book ratio of 2.09, a price-earnings-to-growth (PEG) ratio of 0.96, a EV-to-Ebitda ratio of 17.70 and a price-sales ratio of 2.65.
The price-to-GF Value ratio is 1.23, earning the stock a GF Value rank of 3.
McDonald's Corp
The guru established a new position worth 57,300 shares in NYSE:MCD, giving the stock a 2.2% weight in the equity portfolio. Shares traded for an average price of $263.82 during the quarter.
On 02/07/2023, McDonald's Corp traded for a price of $266.16 per share and a market cap of $194.94Bil. The stock has returned 4.49% 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, McDonald's Corp has a price-earnings ratio of 31.88, a price-earnings-to-growth (PEG) ratio of 45.54, a EV-to-Ebitda ratio of 22.94 and a price-sales ratio of 8.52.
The price-to-GF Value ratio is 1.02, earning the stock a GF Value rank of 5.
Amazon.com Inc
Zweig-DiMenna Associates LLC reduced their investment in NAS:AMZN by 80,350 shares. The trade had a 1.98% impact on the equity portfolio. During the quarter, the stock traded for an average price of $98.78.
On 02/07/2023, Amazon.com Inc traded for a price of $99.2801 per share and a market cap of $1,017.35Bil. The stock has returned -37.16% 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, Amazon.com Inc has a price-book ratio of 6.93, a EV-to-Ebitda ratio of 29.14 and a price-sales ratio of 1.96.
The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 4.
Novo Nordisk A/S
The guru established a new position worth 89,000 shares in NYSE:NVO, giving the stock a 1.75% weight in the equity portfolio. Shares traded for an average price of $117.25 during the quarter.
On 02/07/2023, Novo Nordisk A/S traded for a price of $138.48 per share and a market cap of $311.35Bil. The stock has returned 37.96% 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, Novo Nordisk A/S has a price-earnings ratio of 53.34, a price-book ratio of 25.88, a price-earnings-to-growth (PEG) ratio of 5.44, a EV-to-Ebitda ratio of 28.85 and a price-sales ratio of 12.34.
The price-to-GF Value ratio is 1.13, earning the stock a GF Value rank of 3.
CrowdStrike Holdings Inc
The guru sold out of their 41,200-share investment in NAS:CRWD. Previously, the stock had a 1.48% weight in the equity portfolio. Shares traded for an average price of $136.88 during the quarter.
On 02/07/2023, CrowdStrike Holdings Inc traded for a price of $109.796 per share and a market cap of $25.74Bil. The stock has returned -39.08% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, CrowdStrike Holdings Inc has a price-book ratio of 19.57, a EV-to-Ebitda ratio of -726.09 and a price-sales ratio of 12.49.
The price-to-GF Value ratio is 0.33, earning the stock a GF Value rank of 2.
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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