BROWN ADVISORY 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.
Brown Investment is a private asset management company that was founded within the Alex Brown & Sons company in 1993 with a goal to “provide clients with first-class performance, strategic advice and the highest level of service.” In 1998, the company would become an independent firm that is wholly owned by its employees, creating Brown Investment Holdings in the same year to oversee the company’s subsidiaries. The next year, under the leadership of Mark Collins, director of private equity, the company would launch its private equity and mutual funds businesses. Brown Advisory would continue to grow organically, opening an office in Washington D.C. in 2001 and launching its institutional business in 2003. In 2008, the company would launch its Flexible Equity investment strategy under its Brown Investment Management subsidiary, continuing to expand its physical presence by opening an office in London. With a good international presence established, the company would utilize acquisitions to help facilitate growth, adding Winslow Management in 2009, Cavanaugh Capital Management in 2010, and CDK Investment Management in 2012. In that year, the company would also launch TouchPoint, its client web portal. Brown Advisory continues its focus on growth and expansion today, acquiring Highmount Capital in 2015 and adding and improving its line of products and services. The company currently has highest asset allocations in the information technology sector, with other assets invested in the health care, industrials, finance, consumer discretionary, and consumer staples sectors, among smaller allocations in others, in order of amount allocated. Brown Advisory has a current market value of approximately $31.4 billion, an impressive growth from its $25 billion evaluation just two years before. Some of the company’s notable mutual funds include its Equity Income Fund, Small Cap Fundamental Value Fund, Sustainable Growth Fund, WMC Japan Alpha Opportunities Fund, and Value Equity Fund.
As of the latest 13F report, the guru’s equity portfolio contained 1202 stocks valued at a total of $53.84Bil. The top holdings were MSFT(4.60%), V(2.86%), and MA(2.55%).
According to GuruFocus data, these were BROWN ADVISORY INC’s top five trades of the quarter.
Atlassian Corp
During the quarter, BROWN ADVISORY INC bought 2,199,645 shares of NAS:TEAM for a total holding of 2,424,085. The trade had a 0.53% impact on the equity portfolio. During the quarter, the stock traded for an average price of $159.19.
On 02/15/2023, Atlassian Corp traded for a price of $181.87 per share and a market cap of $46.61Bil. The stock has returned -43.21% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Atlassian Corp has a price-book ratio of 80.83, a EV-to-Ebitda ratio of -421.80 and a price-sales ratio of 13.95.
The price-to-GF Value ratio is 0.48, earning the stock a GF Value rank of 4.
Sherwin-Williams Co
BROWN ADVISORY INC reduced their investment in NYSE:SHW by 1,030,612 shares. The trade had a 0.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $231.22.
On 02/15/2023, Sherwin-Williams Co traded for a price of $231.95 per share and a market cap of $60.11Bil. The stock has returned -13.36% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Sherwin-Williams Co has a price-earnings ratio of 30.05, a price-book ratio of 19.38, a price-earnings-to-growth (PEG) ratio of 2.26, a EV-to-Ebitda ratio of 20.92 and a price-sales ratio of 2.73.
The price-to-GF Value ratio is 0.79, earning the stock a GF Value rank of 9.
Vanguard Short-Term Government Bond ETF
During the quarter, BROWN ADVISORY INC bought 3,587,175 shares of NAS:VGSH for a total holding of 4,172,094. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.45.
On 02/15/2023, Vanguard Short-Term Government Bond ETF traded for a price of $57.77 per share and a market cap of $19.04Bil. The stock has returned -2.33% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Generac Holdings Inc
The guru established a new position worth 1,581,496 shares in NYSE:GNRC, giving the stock a 0.3% weight in the equity portfolio. Shares traded for an average price of $113.16 during the quarter.
On 02/15/2023, Generac Holdings Inc traded for a price of $125.21 per share and a market cap of $7.93Bil. The stock has returned -53.70% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Generac Holdings Inc has a price-earnings ratio of 18.83, a price-book ratio of 3.42, a price-earnings-to-growth (PEG) ratio of 0.76, a EV-to-Ebitda ratio of 11.80 and a price-sales ratio of 1.77.
The price-to-GF Value ratio is 0.34, earning the stock a GF Value rank of 2.
Adobe Inc
During the quarter, BROWN ADVISORY INC bought 463,151 shares of NAS:ADBE for a total holding of 2,534,223. The trade had a 0.29% impact on the equity portfolio. During the quarter, the stock traded for an average price of $319.83.
On 02/15/2023, Adobe Inc traded for a price of $377.9 per share and a market cap of $173.00Bil. The stock has returned -20.28% 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, Adobe Inc has a price-earnings ratio of 37.42, a price-book ratio of 12.43, a price-earnings-to-growth (PEG) ratio of 1.49, a EV-to-Ebitda ratio of 24.40 and a price-sales ratio of 10.06.
The price-to-GF Value ratio is 0.58, earning the stock a GF Value rank of 8.
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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