Van Berkom & Associates Inc. 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.
Van Berkom & Associates Inc. is an investment management firm based out of Montreal, Quebec. The company was originally established in 1991 by Joannes Sebastian van Berkom, who is still with the company today acting as its President, CEO, CFO, COO, and CLO. Van Berkom & Associates conducts its research internally, utilizing a fundamental methodology to make its investment decisions. The company invests with a bottom up approach, allocating its assets in the growth stocks of primarily small cap companies. Van Berkom & Associates invests in the public equity markets of Canada and United States. The company invests most heavily in the consumer discretionary and finance sectors, each of which makes up over a fifth of the firm’s total asset allocations, and also invests in the industrials, information technology, health care, and real estate sectors, among other sectors to a lesser degree. Van Berkom & Associates holds its allocations for just under 16 quarters on average and holds its top 10 allocations, which makes up just under a third of its total holdings, only 5.7 quarters on average. In the most recent quarter, Van Berkom & Associates had a turnover rate of approximately 7.7%. Van Berkom & Associates currently manages approximately $3.3 billion in total assets under management spread across 41 accounts, all of which are discretionary. Both of the firm’s total assets under management and total number of accounts have been increasing in recent years with its total assets under management growing significantly from $1.4 billion back in 2011 to well over twice that amount today. The company mainly caters to pension and profit sharing plans and state and municipal entities, which makes up approximately half and a third of its client base, respectively. Van Berkom & Associates currently offers a specialized small cap portfolio and takes advisory fees in the form of a percentage of assets and performance based fees.
As of the latest 13F report, the guru’s equity portfolio contained 62 stocks valued at a total of $2.33Bil. The top holdings were IRDM(3.33%), FSS(3.31%), and ENSG(3.29%).
According to GuruFocus data, these were Van Berkom & Associates Inc.’s top five trades of the quarter.
Thermon Group Holdings Inc
Van Berkom & Associates Inc. reduced their investment in NYSE:THR by 1,310,945 shares. The trade had a 0.96% impact on the equity portfolio. During the quarter, the stock traded for an average price of $18.57.
On 02/15/2023, Thermon Group Holdings Inc traded for a price of $26.7 per share and a market cap of $894.55Mil. The stock has returned 56.60% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Thermon Group Holdings Inc has a price-earnings ratio of 25.67, a price-book ratio of 2.17, a EV-to-Ebitda ratio of 14.08 and a price-sales ratio of 2.18.
The price-to-GF Value ratio is 1.43, earning the stock a GF Value rank of 1.
Armstrong World Industries Inc
During the quarter, Van Berkom & Associates Inc. bought 210,350 shares of NYSE:AWI for a total holding of 597,966. The trade had a 0.62% impact on the equity portfolio. During the quarter, the stock traded for an average price of $75.54000000000001.
On 02/15/2023, Armstrong World Industries Inc traded for a price of $80.88 per share and a market cap of $3.69Bil. The stock has returned -14.57% 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, Armstrong World Industries Inc has a price-earnings ratio of 19.35, a price-book ratio of 7.10, a EV-to-Ebitda ratio of 12.21 and a price-sales ratio of 3.12.
The price-to-GF Value ratio is 0.75, earning the stock a GF Value rank of 10.
Grand Canyon Education Inc
Van Berkom & Associates Inc. reduced their investment in NAS:LOPE by 148,898 shares. The trade had a 0.58% impact on the equity portfolio. During the quarter, the stock traded for an average price of $99.73999999999999.
On 02/15/2023, Grand Canyon Education Inc traded for a price of $115.74 per share and a market cap of $3.60Bil. The stock has returned 47.53% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Grand Canyon Education Inc has a price-earnings ratio of 20.78, a price-book ratio of 6.14, a price-earnings-to-growth (PEG) ratio of 3.52, a EV-to-Ebitda ratio of 12.35 and a price-sales ratio of 4.42.
The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.
Cerence Inc
During the quarter, Van Berkom & Associates Inc. bought 703,703 shares of NAS:CRNC for a total holding of 1,867,962. The trade had a 0.5600000000000001% impact on the equity portfolio. During the quarter, the stock traded for an average price of $17.13.
On 02/15/2023, Cerence Inc traded for a price of $29.06 per share and a market cap of $1.17Bil. The stock has returned -32.29% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Cerence Inc has a price-book ratio of 1.62, a EV-to-Ebitda ratio of -7.39 and a price-sales ratio of 3.62.
The price-to-GF Value ratio is 0.68, earning the stock a GF Value rank of 10.
DigitalOcean Holdings Inc
During the quarter, Van Berkom & Associates Inc. bought 398,812 shares of NYSE:DOCN for a total holding of 1,230,998. The trade had a 0.43% impact on the equity portfolio. During the quarter, the stock traded for an average price of $31.3.
On 02/15/2023, DigitalOcean Holdings Inc traded for a price of $30.61 per share and a market cap of $2.95Bil. The stock has returned -48.14% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, DigitalOcean Holdings Inc has a price-book ratio of 98.74, a EV-to-Ebitda ratio of 41.94 and a price-sales ratio of 5.90.
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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