Fortis Capital Management 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.
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As of the latest 13F report, the guru’s equity portfolio contained 91 stocks valued at a total of $135.00Mil. The top holdings were SCHX(12.67%), MSFT(11.30%), and DOCS(5.86%).
According to GuruFocus data, these were Fortis Capital Management LLC’s top five trades of the quarter.
Microsoft Corp
During the quarter, Fortis Capital Management LLC bought 50,915 shares of NAS:MSFT for a total holding of 63,693. The trade had a 9.029999999999999% impact on the equity portfolio. During the quarter, the stock traded for an average price of $239.99.
On 02/15/2023, Microsoft Corp traded for a price of $272.17 per share and a market cap of $2,025.98Bil. The stock has returned -6.81% 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 30.24, a price-book ratio of 11.07, a price-earnings-to-growth (PEG) ratio of 1.47, a EV-to-Ebitda ratio of 20.05 and a price-sales ratio of 10.00.
The price-to-GF Value ratio is 0.87, earning the stock a GF Value rank of 9.
Vanguard Small Cap Value ETF
The guru established a new position worth 26,169 shares in ARCA:VBR, giving the stock a 3.07% weight in the equity portfolio. Shares traded for an average price of $158.21 during the quarter.
On 02/15/2023, Vanguard Small Cap Value ETF traded for a price of $173.64 per share and a market cap of $26.44Bil. The stock has returned 3.53% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard Small Cap Value ETF has a price-earnings ratio of 11.02 and a price-book ratio of 1.79.
Schwab U.S. Large-Cap ETF
During the quarter, Fortis Capital Management LLC bought 84,791 shares of ARCA:SCHX for a total holding of 379,257. The trade had a 2.83% impact on the equity portfolio. During the quarter, the stock traded for an average price of $45.26.
On 02/15/2023, Schwab U.S. Large-Cap ETF traded for a price of $48.9 per share and a market cap of $31.79Bil. The stock has returned -5.27% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Schwab U.S. Large-Cap ETF has a price-earnings ratio of 20.11 and a price-book ratio of 3.73.
iShares Expanded Tech-Software Sector ETF
The guru sold out of their 12,033-share investment in BATS:IGV. Previously, the stock had a 2.57% weight in the equity portfolio. Shares traded for an average price of $259.16 during the quarter.
On 02/15/2023, iShares Expanded Tech-Software Sector ETF traded for a price of $292.27 per share and a market cap of $5.28Bil. The stock has returned -15.40% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Expanded Tech-Software Sector ETF has a price-earnings ratio of 39.82 and a price-book ratio of 6.19.
Communication Services Select Sector SPDR Fund
The guru sold out of their 59,900-share investment in ARCA:XLC. Previously, the stock had a 2.45% weight in the equity portfolio. Shares traded for an average price of $48.87 during the quarter.
On 02/15/2023, Communication Services Select Sector SPDR Fund traded for a price of $55.76 per share and a market cap of $9.38Bil. The stock has returned -18.79% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Communication Services Select Sector SPDR Fund has a price-earnings ratio of 16.78 and a price-book ratio of 2.44.
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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