Insightful Analysis of Jefferies Group (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing
Jefferies Group (Trades, Portfolio) recently submitted its 13F filing for the fourth quarter of 2024, offering a glimpse into its strategic investment decisions. Founded by Harvard graduates Ian Cummings and Joseph S. Steinberg, Jefferies Group (Trades, Portfolio) has evolved significantly since its inception. Originally known as Talcott National Corporation, it was rebranded as Leucadia National in 1980. In 2013, Jefferies Group (Trades, Portfolio) acquired the company, with Richard Handler assuming the role of CEO. By 2018, it was renamed Jefferies Financial Group (JEF). The firm operates across various sectors, including investment banking, telecommunications, healthcare, and real estate. Jefferies Group (Trades, Portfolio) employs a value investing strategy, focusing on acquiring undervalued companies, revitalizing them, and selling them for profit. Their investment philosophy emphasizes not overpaying, investing in essential products or services, and prioritizing sheltered earnings.
Summary of New Buy
Jefferies Group (Trades, Portfolio) added a total of 419 stocks, with notable additions including:
- The most significant addition was CCC Intelligent Solutions Holdings Inc (CCCS, Financial), with 4,951,387 shares, accounting for 0.35% of the portfolio and a total value of $58,079,770 million.
- The second largest addition was Agios Pharmaceuticals Inc (AGIO, Financial), consisting of 1,500,000 shares, representing approximately 0.3% of the portfolio, with a total value of $49,290,000.
- The third largest addition was Dyne Therapeutics Inc (DYN, Financial), with 1,800,000 shares, accounting for 0.26% of the portfolio and a total value of $42,408,000.
Key Position Increases
Jefferies Group (Trades, Portfolio) also increased stakes in a total of 355 stocks, with significant increases in:
- Amazon.com Inc (AMZN, Financial), with an additional 1,706,442 shares, bringing the total to 1,728,903 shares. This adjustment represents a significant 7,597.36% increase in share count, a 2.28% impact on the current portfolio, and a total value of $379,304,060.
- Alphabet Inc (GOOGL, Financial), with an additional 1,844,570 shares, bringing the total to 1,991,948. This adjustment represents a significant 1,251.59% increase in share count, with a total value of $377,075,820.
Summary of Sold Out
Jefferies Group (Trades, Portfolio) completely exited 275 holdings in the fourth quarter of 2024, including:
- McGrath RentCorp (MGRC, Financial): Jefferies Group (Trades, Portfolio) sold all 213,844 shares, resulting in a -0.17% impact on the portfolio.
- Kellanova (K, Financial): Jefferies Group (Trades, Portfolio) liquidated all 287,500 shares, causing a -0.17% impact on the portfolio.
Key Position Reduces
Jefferies Group (Trades, Portfolio) also reduced positions in 280 stocks, with significant changes including:
- Reduced Apple Inc (AAPL, Financial) by 1,311,686 shares, resulting in a -68.19% decrease in shares and a -2.25% impact on the portfolio. The stock traded at an average price of $235.83 during the quarter and has returned 7.43% over the past 3 months and -2.10% year-to-date.
- Reduced NXP Semiconductors NV (NXPI, Financial) by 535,318 shares, resulting in a -99.13% reduction in shares and a -0.94% impact on the portfolio. The stock traded at an average price of $227.42 during the quarter and has returned 0.32% over the past 3 months and 7.61% year-to-date.
Portfolio Overview
At the end of the fourth quarter of 2024, Jefferies Group (Trades, Portfolio)'s portfolio included 1,436 stocks. The top holdings were:
- 3.99% in SPDR S&P 500 ETF Trust (SPY, Financial)
- 2.68% in iShares Russell 2000 ETF (IWM, Financial)
- 2.31% in Amazon.com Inc (AMZN, Financial)
- 2.3% in Alphabet Inc (GOOGL, Financial)
- 1.62% in Microsoft Corp (MSFT, Financial)
The holdings are mainly concentrated in all 11 industries: Healthcare, Technology, Consumer Cyclical, Financial Services, Communication Services, Energy, Industrials, Real Estate, Basic Materials, Consumer Defensive, and Utilities.
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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