Insight into Keeley-Teton Advisors' Latest 13F Filing for Q4 2023
Keeley-Teton Advisors, LLC (Trades, Portfolio), known for its disciplined bottom-up, fundamental analysis and focus on small to mid-cap value investing, has revealed its 13F holdings for the fourth quarter of 2023. The firm, which emerged from the merger of Teton Advisors, Inc. and Keeley Asset Management Corp., continues to leverage its collaborative research process and robust operational infrastructure to identify undervalued equities. Keeley-Teton Advisors' approach is designed to benefit clients and stakeholders alike, with a distribution platform that enhances communication and expands its reach in both institutional and retail channels.
Summary of New Buys
Keeley-Teton Advisors, LLC (Trades, Portfolio) expanded its portfolio with 11 new stock additions, including:
- WK Kellogg Co (KLG, Financial), purchasing 298,443 shares, which now represents 0.51% of the portfolio and holds a value of $3.92 million.
- Veralto Corp (VLTO, Financial), acquiring 13,623 shares, making up approximately 0.14% of the portfolio, valued at $1.12 million.
- Pennant Group Inc (PNTG, Financial), with 43,299 shares, accounting for 0.08% of the portfolio, totaling $602,720.
Key Position Increases
The firm also raised its stakes in 62 stocks, notably:
- NCR Atleos Corp (NATL, Financial), adding 77,483 shares for a total of 85,964 shares, marking a 913.61% increase in share count, impacting the portfolio by 0.24%, and valued at $2.08 million.
- Bath & Body Works Inc (BBWI, Financial), with an additional 36,638 shares, bringing the total to 50,574 shares, a 262.9% increase in share count, and a value of $2.18 million.
Summary of Sold Out Positions
Keeley-Teton Advisors, LLC (Trades, Portfolio) exited eight holdings in the fourth quarter of 2023, including:
- Global Net Lease Inc (GNL, Financial), selling all 219,234 shares, impacting the portfolio by -0.3%.
- FMC Corp (FMC, Financial), liquidating all 13,513 shares, with a -0.13% impact on the portfolio.
Key Position Reductions
Significant reductions were made in 185 stocks, with the most substantial being:
- Marriott Vacations Worldwide Corp (VAC, Financial), reduced by 31,002 shares, leading to an 85.51% decrease in shares and a -0.44% portfolio impact. The stock traded at an average price of $85.33 during the quarter and returned 5.74% over the past three months and -0.39% year-to-date.
- TechnipFMC PLC (FTI, Financial), cut by 113,716 shares, resulting in a 22.64% reduction and a -0.32% portfolio impact. The stock's average trading price was $20.49 for the quarter, with a -9.90% return over the past three months and -3.87% year-to-date.
Portfolio Overview
As of the fourth quarter of 2023, Keeley-Teton Advisors, LLC (Trades, Portfolio)'s portfolio comprised 349 stocks. The top holdings included 4.73% in iShares Core S&P 500 ETF (IVV, Financial), 1.62% in Vanguard Total Stock Market ETF (VTI, Financial), 1.38% in Columbia Banking System Inc (COLB, Financial), 1.35% in Ensign Group Inc (ENSG, Financial), and 1.25% in S&P 500 ETF TRUST ETF (SPY, Financial). The investments span across 11 industries, with a focus on Financial Services, Industrials, Consumer Cyclical, and Real Estate, among others.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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