Steven Romick Swaps Prosus Rau Naspers, Trims Top Holding Glencore

Ntsiab lus

• Tus guru nkag mus rau txoj haujlwm tshiab hauv Naspers.
• Nws muag tawm ntawm Prosus thiab Flutter Entertainment.
• Romick txiav nws Glencore thiab BroadcomAVGO
  kev nqis peev.

Steven Romick (ua lag luam, Portfolio) nthuav tawm nws cov ntaub ntawv khaws tseg rau lub quarter thib plaub ntawm 2022 ua ntej lub hli no.

Ib feem ntawm Los Angeles-based peev tuam txhab Thawj Cov Kws Pab Tswv Ntawm Pacific (ua lag luam, Portfolio), tus guru tswj FPA Crescent Fund nrog rau Brian Selmo thiab Mark Landecker. Ua haujlwm ntev thiab luv luv, cov peev nyiaj lub hom phiaj yog los tsim cov nyiaj rov qab nrog kev pheej hmoo tsawg dua li kev ua lag luam thaum zam kev poob peev mus tas li. Nws lub tswv yim ua ke nrog kev tshawb fawb tob nrog kev tsom mus rau cov hauv paus muaj zog, txaus nyiam txaus ntshai-khoom plig thiab muaj ntau haiv neeg thoob plaws thaj chaw, kev lag luam kaus mom, cov haujlwm thiab cov qauv peev.

Romick tau nkag mus rau cuaj txoj haujlwm tshiab, muag tawm ntawm 26 cov khoom lag luam thiab ntxiv rau lossis txo qis ntawm lwm qhov kev nqis peev uas twb muaj lawm thaum peb lub hlis xaus Lub Kaum Ob Hlis 31. Ntawm nws cov kev lag luam tseem ceeb tshaj plaws uas tau teev tseg hauv 13F cov ntaub ntawv yog ib qho tshiab tuav hauv Naspers Ltd. ( JES:NPN), txo cov thawj koom ruam ntawm Broadcom Inc. (AVGO, nyiaj txiag) thiab Glencore PLC (LSE: GLEN, nyiaj txiag) thiab kev faib tawm ntawm Prosus NV (XAMS: PRX, nyiaj txiag) thiab Flutter Entertainment Inc. (LSE: FLTR, nyiaj txiag).

Cov neeg lag luam yuav tsum paub tias 13F cov ntaub ntawv tsis muab ib daim duab tiav ntawm lub tuam txhab tuav pov hwm vim lawv tsuas yog suav nrog nws txoj haujlwm hauv Asmeskas cov khoom lag luam thiab cov ntawv txais nyiaj hauv Asmeskas, tab sis cov ntawv ceeb toom tseem tuaj yeem muab cov ntaub ntawv tseem ceeb. Tsis tas li ntawd, cov ntawv ceeb toom tsuas yog cuam tshuam txog kev lag luam thiab kev tuav pov hwm raws li cov ntaub ntawv tshaj tawm tsis ntev los no, uas tej zaum yuav lossis tsis raug tuav los ntawm lub tuam txhab tshaj tawm hnub no lossis txawm tias tsab xov xwm no tau tshaj tawm.

Naspers

Tus guru tau nqis peev hauv 567,954 shares ntawm Naspers (JSE: NPE, nyiaj txiag), faib 1.63% ntawm cov khoom lag luam ncaj ncees rau kev tuav. Cov Tshuag pauv rau tus nqi nruab nrab ntawm 2,404.84 South African rand ($ 141.73) ib feem ntawm lub quarter.

Romick yav dhau los muag tawm ntawm cov Tshuag hauv lub quarter thib ob ntawm 2022.

Lub tuam txhab kev pabcuam kev sib txuas lus South Africa, uas ua haujlwm thiab nqis peev hauv internet, thev naus laus zis thiab khoom siv ntau yam thoob ntiaj teb, muaj kev lag luam cap ntawm 704.48 billion rand; nws cov shares raug kaw ntawm 3,355 rand hnub Tuesday nrog a tus nqi-nyiaj tau los piv ib 13.22,a tus nqi-phau ntawv piv txwv ntawm 2.36 thiab a tus nqi-muag piv ntawm 5.30.

cov GF Tus nqi kabVALU
qhia tias cov khoom lag luam, thaum tsis muaj nqis, yog qhov muaj nqis cuab tam tam sim no raws li nws cov keeb kwm piv txwv, kev ua tau zoo nyiaj txiag yav dhau los thiab cov kws tshuaj ntsuam cov nyiaj tau los yav tom ntej. Yog li ntawd, cov tub ua lag luam muaj peev xwm yuav tsum tau tshawb fawb kom ntxaws ua ntej txiav txim siab.

Ntxiv mus, tus GF qhab nias ntawm 78 ntawm 100 qhia tias lub tuam txhab yuav muaj qhov nruab nrab kev ua tau zoo mus tom ntej. Thaum nws tau txais siab txoj kev loj hlob rank, nws muaj txiaj ntsig, nyiaj txiag lub zog thiab momentum kev ntsuam xyuas tau ntau nruab nrab thiab nws GF Tus nqi tau qis.

Ntawm qhov guru nqis peev Hauv Naspers, Romick muaj qhov loj tshaj plaws tuav nrog 0.27% ntawm nws cov khoom zoo heev. Lub iShares MSCI ACWIACWI
C.W.I.
ex. US ETF kuj yog tus tswv ntawm cov khoom lag luam.

Broadcom

Kev cuam tshuam rau kev ncaj ncees los ntawm -1.11%, tus neeg ua lag luam txwv nws Broadcom (AVGO, nyiaj txiag) txoj hauj lwm los ntawm 33.56%, muag 137,354 shares. Thaum lub sij hawm peb lub hlis twg, shares pauv rau tus nqi nruab nrab ntawm $501.40 txhua.

Tam sim no nws tuav 271,961 shares tag nrho, sawv cev 2.63% ntawm cov peev txheej. GuruFocus cov ntaub ntawv qhia Romick tau nce 67.75% ntawm kev nqis peev txog tam sim no.

Cov chaw tsim khoom ntawm semiconductor thiab infrastructure software khoom, uas yog lub hauv paus hauv San Jose, California muaj $ 242.41 billion kev lag luam cap; nws cov shares tau pauv ib ncig ntawm $ 580.08 rau hnub Tuesday nrog a tus nqi-nyiaj tau los piv ib 21.95,a tus nqi-phau ntawv piv txwv ntawm 10.68 thiab a tus nqi-muag piv ntawm 7.43.

Raws li cov GF Tus nqi kab, cov khoom lag luam muaj txiaj ntsig zoo tam sim no.

cov GF qhab nias ntawm 92 txhais tau hais tias lub tuam txhab muaj peev xwm ua tau zoo tshaj plaws, uas tau tsav los ntawm kev ntsuam xyuas muaj zog rau muaj txiaj ntsig, txoj kev loj hlob thiab momentum thiab nruab nrab nyiaj txiag lub zog thiab GF Tus nqi qeb.

Nrog rau 0.37% feem pua, Ken Fisher yog (ua lag luam, Portfolio) yog Broadcom tus loj tshaj plaws guru shareholder. Lwm sab saum toj guru investor suav nrog lig Noj ntses Segalas (ua lag luam, Portfolio)' fund, Barrow, Hanley, Mewhinney & Strauss, Thawj Cov Kws Pab Tswv Ntawm Pacific (ua lag luam, Portfolio), Jim Simons (ua lag luam, Portfolio) 'Renaissance Technologies, Philippe Laffont: koj puas xav tau ntau tus thwjtim? (ua lag luam, Portfolio) thiab Steven Cohen (ua lag luam, Portfolio).

Glencore

Romick tau rov qab nws Glencore (LSE: GLEN, nyiaj txiag) ceg txheem ntseeg los ntawm 19.38%, muag 6.01 lab shares. Qhov kev sib pauv tau muaj kev cuam tshuam ntawm -0.58% ntawm cov khoom lag luam sib luag. Cov thom khwm pauv rau tus nqi nruab nrab ntawm ib feem ntawm 5.22 British phaus ($ 6.45) thaum lub quarter.

Tam sim no nws tuav 25.01 lab shares nyob rau hauv tag nrho, uas nyob 2.89% ntawm cov khoom sib npaug thiab yog nws thib cuaj-loj tshaj tuav. Txog rau hnub tim, nws tau nce kwv yees li 62.35% ntawm kev nqis peev raws li GuruFocus.

Lub tuam txhab Swiss mining muaj peev txheej ua lag luam ntawm 70.57 billions phaus; nws cov UK-listed shares kaw ntawm 5.53 phaus hnub Tuesday nrog a tus nqi-nyiaj tau los piv ib 5.82,a tus nqi-phau ntawv piv txwv ntawm 1.87 thiab a tus nqi-muag piv ntawm 0.38.

Raws li cov GF Tus nqi kab, cov khoom lag luam zoo li tseem ceeb tshaj tam sim no.

Nrog a GF qhab nias ntawm 65, lub tuam txhab muaj peev xwm ua haujlwm tsis zoo nyob rau sab nraum qab ntawm cov qhab nia nruab nrab rau plaub ntawm cov qauv thiab qis GF Tus nqi qeb.

David Herro (ua lag luam, Portfolio) yog Glencore qhov loj tshaj plaws guru shareholder nrog 0.50% feem pua. Azvalor Internacional FI (ua lag luam, Portfolio), iShares MSCI ACWI ex. US ETF thiab Azvalor Blue Chips FI (ua lag luam, Portfolio) kuj muaj cov Tshuag.

Prosus

Nrog rau qhov cuam tshuam ntawm -2.15% ntawm cov khoom lag luam sib luag, tus guru tau muag tag nrho 2.25 lab shares ntawm Prosus (XAMS: PRX, nyiaj txiag). Cov Tshuag pauv rau tus nqi nruab nrab ntawm 56.43 euros ($ 60.92) ib feem ntawm lub quarter.

GuruFocus pom Romick poob kwv yees li 16.74% ntawm kev nqis peev hauv nws lub neej.

Tawm ntawm Naspers thaum lub Cuaj Hlis 2019, lub tuam txhab pabcuam kev sib txuas lus hauv Netherlands, uas nqis peev hauv internet, digital media, e-lag luam khw muag khoom thiab thev naus laus zis, muaj peev txheej lag luam ntawm 230.38 billion euros; nws cov shares kaw ntawm 75.55 euros hnub Tuesday nrog a tus nqi-nyiaj tau los piv ib 19.40,a tus nqi-phau ntawv piv txwv ntawm 5.63 thiab a tus nqi-muag piv ntawm 15.32.

cov GF Tus nqi kab qhia tias cov Tshuag, thaum undervalued, yog tus nqi cuab tam tam sim no. Yog li ntawd, cov tub ua lag luam muaj peev xwm yuav tsum tau tshawb fawb kom zoo ua ntej txiav txim siab.

cov GF qhab nias ntawm 79 txhais tau hais tias lub tuam txhab zoo li yuav muaj kev ua haujlwm nruab nrab yav tom ntej. Thaum nws raked nyob rau hauv nruab nrab kev ntsuam xyuas rau peb ntawm cov qauv, lub txoj kev loj hlob thiab nyiaj txiag lub zog qeb tau siab.

Ntawm qhov guru nqis peev nyob rau hauv Prosus, Herro muaj cov koom haum loj tshaj plaws nrog 0.27% ntawm nws cov khoom lag luam zoo. Cov Tshuag tseem raug tuav los ntawm Bestinfond (ua lag luam, Portfolio), tus Invesco EQV European Equity Fund (ua lag luam, Portfolio) thiab iShares MSCI ACWI ex. Teb Chaws Asmeskas ETF.

Tshuab Lom Zem

Tus neeg ua lag luam pov tseg nws 369,859 qhov seem ntawm Flutter Entertainment (LSE: FLTR, nyiaj txiag), uas cuam tshuam rau kev ncaj ncees cov ntaub ntawv los ntawm -0.74%. Shares pauv rau tus nqi nruab nrab ntawm 113.26 phaus txhua lub hlis twg.

GuruFocus cov ntaub ntawv qhia Romick poob kwv yees li 15.58% ntawm kev nqis peev, uas tau tsim nyob rau lub quarter thib ob ntawm 2021.

Lub tuam txhab Irish, uas muab kev twv txiaj kis las thoob ntiaj teb, kev ua si thiab kev lom zem, muaj kev lag luam cap ntawm 21.86 billions; nws cov shares kaw ntawm 122.40 phaus hnub Tuesday nrog a tus nqi-phau ntawv piv txwv ntawm 2.06 thiab a tus nqi-muag piv ntawm 3.30.

Raws li cov GF Tus nqi kab, cov Tshuag yog me ntsis undervalued tam sim no.

Lub tuam txhab tseem muaj peev xwm ua tau zoo raws li nws qhov GF qhab nias ntawm 86. Txawm hais tias nws tau txais cov qhab nia siab rau txoj kev loj hlob, muaj txiaj ntsig thiab GF Tus nqi, lub nyiaj txiag lub zog qeb tau ntau nruab nrab thiab momentum tau qis.

Nrog 0.04% ntawm nws cov khoom lag luam zoo, cov Invesco EQV European Equity Fund (ua lag luam, Portfolio) tsuas yog guru tam sim no ua lag luam hauv Flutter Entertainment.

Kev lag luam ntxiv thiab ua tiav kev ua lag luam

Thaum lub sij hawm peb lub hlis twg, Romick kuj txhawb nws txoj hauj lwm hauv International Flavors & FragrancesIFF
Inc. (IFF, nyiaj txiag), Icon PLC (ICLR, nyiaj txiag) thiab CarMaxKMX
Inc. (KMX, nyiaj txiag) thiab txo nws cov Entain PLC (LSE: ENT, nyiaj txiag) thiab Swire Pacific Ltd. (HKSE: 00019, nyiaj txiag) tuav.

Lub guru's $ 5.79 nphom kev ncaj ncees portfolio, uas yog tsim los ntawm 123 cov khoom lag luam, tau nqis peev ntau hauv cov kev pabcuam nyiaj txiag thiab kev pabcuam kev sib txuas lus, ua raws li qhov chaw thev naus laus zis.

FPA Crescent Fund tau tshaj tawm qhov rov qab los ntawm -9.20% rau 2022, ua tau zoo dua S&P 500's -19.44% rov qab los.

Tshaj tawm

Kuv / peb tsis muaj txoj haujlwm hauv ib qho khoom lag luam tau hais tseg, thiab tsis muaj kev npaj yuav yuav ib txoj haujlwm tshiab hauv cov khoom lag luam uas tau hais hauv 72 teev tom ntej.