GREAT LAKES ADVISORS, 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.
Great Lakes Advisors, LLC is an investment management firm based out of Chicago, Illinois. The company was established in 1981 and has expanded from its inception to now have additional locations in Lake Forest and Pewaukee. Great Lakes Advisors is headed by CEO, Manager, and Director Thomas R. Kiley and has grown to now operate with 66 employees of which 30 are investment professionals. The company was formerly known as Wayne Hummer Asset Management Company and currently operates as a subsidiary of Wayne Hummer Investments LLC. Great Lakes Advisors conducts its research both internally and externally, utilizing a quantitative and fundamental methodology with a bottom up approach to make its investment decisions. The company invests in the public equity and fixed income markets within the U.S., focusing on the value stocks of small and large cap companies and benchmarking its performance against various Russell, Barclays and S&P indexes. Great Lakes Advisors invests most heavily in the finance sector, which alone makes up over a fifth of its total asset allocations, and also invests in the industrials, information technology, health care, consumer staples, energy, and consumer discretionary sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings make up under a fifth of its total holdings and the company has a turnover rate of approximately 25.4%. Great Lakes Advisors holds over $6.4 billion in total assets under management spread across over 1,600 accounts, all of which are discretionary accounts except for 11 that make up approximately $970 million of its managed assets. The company mainly caters to individuals, which alone makes up over half of its entire clientele, and also provides services to a wide array of other clients. Great Lakes Advisors offers its Fundamental Equity, Disciplined Equity, Diversified Balanced, Long Short Equity Fund, Socially Responsible, and Fixed Income strategies.
As of the latest 13F report, the guru’s equity portfolio contained 609 stocks valued at a total of $1,680.48Bil. The top holdings were RNR(0.65%), BWA(0.63%), and EMR(0.61%).
According to GuruFocus data, these were GREAT LAKES ADVISORS, LLC’s top five trades of the quarter.
O-I Glass Inc
The guru established a new position worth 588,020 shares in NYSE:OI, giving the stock a 0.58% weight in the equity portfolio. Shares traded for an average price of $16.11 during the quarter.
On 02/10/2023, O-I Glass Inc traded for a price of $22.04 per share and a market cap of $3.40Bil. The stock has returned 58.56% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, O-I Glass Inc has a price-earnings ratio of 6.01, a price-book ratio of 2.24, a price-earnings-to-growth (PEG) ratio of 0.76, a EV-to-Ebitda ratio of 4.93 and a price-sales ratio of 0.52.
The price-to-GF Value ratio is 1.53, earning the stock a GF Value rank of 1.
Columbia Banking System Inc
The guru established a new position worth 303,002 shares in NAS:COLB, giving the stock a 0.54% weight in the equity portfolio. Shares traded for an average price of $31.76 during the quarter.
On 02/10/2023, Columbia Banking System Inc traded for a price of $31.88 per share and a market cap of $2.51Bil. The stock has returned -7.55% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Columbia Banking System Inc has a price-earnings ratio of 9.96, a price-book ratio of 1.13, a price-earnings-to-growth (PEG) ratio of 1.19 and a price-sales ratio of 3.44.
The price-to-GF Value ratio is 0.59, earning the stock a GF Value rank of 8.
Alight Inc
The guru established a new position worth 908,242 shares in NYSE:ALIT, giving the stock a 0.45% weight in the equity portfolio. Shares traded for an average price of $8.33 during the quarter.
On 02/10/2023, Alight Inc traded for a price of $9.35 per share and a market cap of $4.40Bil. The stock has returned -13.10% over the past year.
GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Alight Inc has a price-earnings ratio of 58.44, a price-book ratio of 1.00, a EV-to-Ebitda ratio of 12.63 and a price-sales ratio of 1.44.
SM Energy Co
GREAT LAKES ADVISORS, LLC reduced their investment in NYSE:SM by 479,989 shares. The trade had a 0.43% impact on the equity portfolio. During the quarter, the stock traded for an average price of $41.58.
On 02/10/2023, SM Energy Co traded for a price of $31.62 per share and a market cap of $3.88Bil. The stock has returned -8.27% 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, SM Energy Co has a price-earnings ratio of 3.07, a price-book ratio of 1.35, a EV-to-Ebitda ratio of 2.20 and a price-sales ratio of 1.15.
The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 6.
The Brink's Co
During the quarter, GREAT LAKES ADVISORS, LLC bought 124,382 shares of NYSE:BCO for a total holding of 129,839. The trade had a 0.39% impact on the equity portfolio. During the quarter, the stock traded for an average price of $57.91.
On 02/10/2023, The Brink's Co traded for a price of $62.92 per share and a market cap of $2.92Bil. The stock has returned -10.29% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, The Brink's Co has a price-earnings ratio of 17.43, a price-book ratio of 14.50, a price-earnings-to-growth (PEG) ratio of 1.33, a EV-to-Ebitda ratio of 9.06 and a price-sales ratio of 0.69.
The price-to-GF Value ratio is 0.83, earning the stock a GF Value rank of 9.
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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