WASATCH ADVISORS 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.
Wasatch Advisors is an investment management company that is owned by its employees. The company was founded in 1975 by Sam Stewart, who continues to have an active role in the firm today as its Chairman, with the beliefs that “company’s growth in earnings should eventually be reflected in its stock price.” Wasatch Advisors would grow from its original focus on small-cap growth investing for separate accounts and launch its first two mutual funds in 1986; the Small Cap Growth and Core Growth mutual funds. The company would then launch its Micro Cap Fund in 1995 and another value fund, the Small Cap Value fund, in 1997. Past the turn of the millennia, Wasatch Advisors noticed a long term globalization trend and decided to expand its line of offerings to be able to have an international focus, launching its International Growth fund in 2002. The company would then acquire the 1st Source Funds, which are now known as the Wasatch Large Cap Value, Wasatch Long/Short, and 1st Source Income Funds. Wasatch Advisors conducts its research internally, utilizing a fundamental analysis with a bottom up investment approach to make its asset allocations. The company invests in various public equity and fixed income markets on a global scale, focusing on growth stocks. Wasatch Advisors invests most heavily in the information technology sector, which alone makes up over a quarter of its total asset allocations, and also invests in the health care, consumer discretionary, finance, industrials, transports, and energy sectors, among others, in order of decreasing allocation. The company currently holds approximately $19 billion in total assets under management spread across 186 accounts, all of which are discretionary. Wasatch Advisors employs 81 employees, including 35 investment professionals and 13 broker dealer representatives. The company’s line of funds includes its Emerging Markets Select, Frontier Emerging Small Countries, Global Opportunities, and Ultra Growth funds, among others.
As of the latest 13F report, the guru’s equity portfolio contained 260 stocks valued at a total of $14.86Bil. The top holdings were ENSG(3.22%), FIVE(2.95%), and GLOB(2.74%).
According to GuruFocus data, these were WASATCH ADVISORS INC’s top five trades of the quarter.
Altra Industrial Motion Corp
The guru sold out of their 6,337,280-share investment in NAS:AIMC. Previously, the stock had a 1.48% weight in the equity portfolio. Shares traded for an average price of $52.52 during the quarter.
On 02/18/2023, Altra Industrial Motion Corp traded for a price of $61.53 per share and a market cap of $4.01Bil. The stock has returned 35.14% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Altra Industrial Motion Corp has a price-earnings ratio of 246.12, a price-book ratio of 2.10, a price-earnings-to-growth (PEG) ratio of 153.83, a EV-to-Ebitda ratio of 24.51 and a price-sales ratio of 2.07.
The price-to-GF Value ratio is 1.41, earning the stock a GF Value rank of 1.
Abcam PLC
The guru established a new position worth 8,514,508 shares in NAS:ABCM, giving the stock a 0.89% weight in the equity portfolio. Shares traded for an average price of $15.62 during the quarter.
On 02/18/2023, Abcam PLC traded for a price of $14.43 per share and a market cap of $3.31Bil. The stock has returned -16.10% 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, Abcam PLC has a price-earnings ratio of 465.48, a price-book ratio of 3.84, a price-earnings-to-growth (PEG) ratio of 48.49, a EV-to-Ebitda ratio of 74.53 and a price-sales ratio of 15.25.
The price-to-GF Value ratio is 0.71, earning the stock a GF Value rank of 10.
Medpace Holdings Inc
WASATCH ADVISORS INC reduced their investment in NAS:MEDP by 517,688 shares. The trade had a 0.76% impact on the equity portfolio. During the quarter, the stock traded for an average price of $212.41.
On 02/18/2023, Medpace Holdings Inc traded for a price of $206.46 per share and a market cap of $6.41Bil. The stock has returned 45.13% 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, Medpace Holdings Inc has a price-earnings ratio of 28.20, a price-book ratio of 16.61, a price-earnings-to-growth (PEG) ratio of 1.21, a EV-to-Ebitda ratio of 21.85 and a price-sales ratio of 4.76.
The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 6.
Fox Factory Holding Corp
During the quarter, WASATCH ADVISORS INC bought 693,080 shares of NAS:FOXF for a total holding of 1,716,470. The trade had a 0.42% impact on the equity portfolio. During the quarter, the stock traded for an average price of $93.01000000000001.
On 02/18/2023, Fox Factory Holding Corp traded for a price of $122.73 per share and a market cap of $5.19Bil. The stock has returned -0.93% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Fox Factory Holding Corp has a price-earnings ratio of 27.40, a price-book ratio of 4.92, a price-earnings-to-growth (PEG) ratio of 0.95, a EV-to-Ebitda ratio of 19.13 and a price-sales ratio of 3.43.
The price-to-GF Value ratio is 0.75, earning the stock a GF Value rank of 10.
Guidewire Software Inc
During the quarter, WASATCH ADVISORS INC bought 949,422 shares of NYSE:GWRE for a total holding of 2,300,815. The trade had a 0.4% impact on the equity portfolio. During the quarter, the stock traded for an average price of $59.36.
On 02/18/2023, Guidewire Software Inc traded for a price of $72.94 per share and a market cap of $5.97Bil. The stock has returned -19.41% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Guidewire Software Inc has a price-book ratio of 5.04, a EV-to-Ebitda ratio of -29.56 and a price-sales ratio of 7.40.
The price-to-GF Value ratio is 0.60, 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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