STERLING INVESTMENT MANAGEMENT, LLC 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.
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As of the latest 13F report, the guru’s equity portfolio contained 61 stocks valued at a total of $124.00Mil. The top holdings were VGSH(13.39%), BRK.B(8.31%), and GLD(6.08%).
According to GuruFocus data, these were STERLING INVESTMENT MANAGEMENT, LLC’s top five trades of the quarter.
SPDR Bloomberg 1-3 Month T-Bill ETF
The guru established a new position worth 250,991 shares in ARCA:BIL, giving the stock a 19.38% weight in the equity portfolio. Shares traded for an average price of $91.19 during the quarter.
On 01/13/2023, SPDR Bloomberg 1-3 Month T-Bill ETF traded for a price of $91.57 per share and a market cap of $27.23Bil. The stock has returned 1.53% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Schwab Short-Term U.S. Treasury ETF
The guru sold out of their 379,733-share investment in ARCA:SCHO. Previously, the stock had a 15.53% weight in the equity portfolio. Shares traded for an average price of $48.77 during the quarter.
On 01/13/2023, Schwab Short-Term U.S. Treasury ETF traded for a price of $48.6 per share and a market cap of $10.41Bil. The stock has returned -2.82% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Vanguard Short-Term Corporate Bond ETF
The guru sold out of their 47,084-share investment in NAS:VCSH. Previously, the stock had a 2.99% weight in the equity portfolio. Shares traded for an average price of $75.92 during the quarter.
On 01/13/2023, Vanguard Short-Term Corporate Bond ETF traded for a price of $76.19 per share and a market cap of $41.13Bil. The stock has returned -3.86% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
FedEx Corp
The guru sold out of their 10,412-share investment in NYSE:FDX. Previously, the stock had a 1.96% weight in the equity portfolio. Shares traded for an average price of $211.05 during the quarter.
On 01/13/2023, FedEx Corp traded for a price of $191.89 per share and a market cap of $48.43Bil. The stock has returned -23.38% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, FedEx Corp has a price-earnings ratio of 15.07, a price-book ratio of 2.01, a price-earnings-to-growth (PEG) ratio of 2.28, a EV-to-Ebitda ratio of 9.11 and a price-sales ratio of 0.53.
The price-to-GF Value ratio is 0.75, earning the stock a GF Value rank of 10.
Taiwan Semiconductor Manufacturing Co Ltd
The guru sold out of their 25,327-share investment in NYSE:TSM. Previously, the stock had a 1.72% weight in the equity portfolio. Shares traded for an average price of $82.65 during the quarter.
On 01/13/2023, Taiwan Semiconductor Manufacturing Co Ltd traded for a price of $87 per share and a market cap of $451.19Bil. The stock has returned -32.89% 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, Taiwan Semiconductor Manufacturing Co Ltd has a price-earnings ratio of 14.99, a price-book ratio of 4.88, a price-earnings-to-growth (PEG) ratio of 1.28, a EV-to-Ebitda ratio of 7.98 and a price-sales ratio of 6.44.
The price-to-GF Value ratio is 0.67, 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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