M D SASS INVESTORS SERVICES INC's Q4 2021 13F: 7 new positions, 7 exits
Form 13F-HR for the quarter ended Dec 31, 2021 · filed Feb 3, 2022 · 32 reported positions · accession 0001172661-22-000231
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | NRG ENERGY INC (NRG) | 5.0% | — | −5.0 pts | −724K sh | −100% |
| New | ON SEMICONDUCTOR CORP (ON) | — | 4.3% | +4.3 pts | +406K sh | new |
| Exited | LKQ CORP (LKQ) | 4.0% | — | −4.0 pts | −471K sh | −100% |
| Exited | AIR PRODS & CHEMS INC (APD) | 3.8% | — | −3.8 pts | −87,599 sh | −100% |
| Reduced | SONY GROUP CORPORATION (SONY) | 4.2% | 0.5% | −3.6 pts | −193K sh | −87% |
| Exited | GLOBE LIFE INC (GL) | 3.3% | — | −3.3 pts | −217K sh | −100% |
| New | VERTEX PHARMACEUTICALS INC (VRTX) | — | 3.1% | +3.1 pts | +91,885 sh | new |
| Increased | API GROUP CORP (APG) | 2.7% | 6.1% | +3.5 pts | +763K sh | +100% |
| Increased | BRUNSWICK CORP (BC) | 0.4% | 3.3% | +2.9 pts | +188K sh | +812% |
| Exited | ALIBABA GROUP HLDG LTD (BABA) | 2.9% | — | −2.9 pts | −113K sh | −100% |
| Increased | AMERISOURCEBERGEN CORP (COR) | 2.7% | 5.4% | +2.8 pts | +133K sh | +101% |
| New | JAZZ PHARMACEUTICALS PLC (JAZZ) | — | 2.6% | +2.6 pts | +132K sh | new |
| New | CHEMED CORP NEW (CHE) | — | 2.4% | +2.4 pts | +29,410 sh | new |
| Exited | MOLSON COORS BEVERAGE CO (TAP) | 2.4% | — | −2.4 pts | −298K sh | −100% |
| Reduced | WALKER & DUNLOP INC (WD) | 6.2% | 5.3% | −0.9 pts | −93,504 sh | −29% |
| Increased | QORVO INC (QRVO) | 4.5% | 5.7% | +1.2 pts | +76,293 sh | +48% |
| Increased | GATES INDUSTRIAL CORPRATIN P (GTES) | 2.3% | 3.9% | +1.6 pts | +749K sh | +91% |
| Increased | MOHAWK INDS INC (MHK) | 4.3% | 5.4% | +1.2 pts | +51,282 sh | +36% |
| Increased | LIBERTY MEDIA CORP DEL (FWONK) | 2.8% | 4.4% | +1.6 pts | +129K sh | +41% |
| Reduced | RAYTHEON TECHNOLOGIES CORP (RTX) | 6.1% | 4.5% | −1.6 pts | −79,287 sh | −19% |
| Reduced | ALPHABET INC (GOOGL) | 3.1% | 2.1% | −0.9 pts | −2,035 sh | −30% |
| Increased | QUANTA SVCS INC (PWR) | 3.9% | 4.5% | +0.5 pts | +47,961 sh | +24% |
| New | GENERAL MTRS CO (GM) | — | 0.7% | +0.7 pts | +81,130 sh | new |
| Exited | COMCAST CORP NEW (CMCSA) | 0.3% | — | −0.3 pts | −28,200 sh | −100% |
| Increased | AXALTA COATING SYS LTD (AXTA) | 5.9% | 6.4% | +0.5 pts | +50,466 sh | +4% |
| Reduced | SCHWAB CHARLES CORP (SCHW) | 3.6% | 3.5% | −0.1 pts | −19,647 sh | −7% |
| Increased | CROWN HLDGS INC (CCK) | 7.1% | 7.4% | +0.2 pts | +12,767 sh | +3% |
| Increased | BAUSCH HEALTH COS INC (BHC) | 4.9% | 4.6% | −0.3 pts | +42,361 sh | +4% |
| Increased | META PLATFORMS INC (META) | 0.4% | 0.5% | +0.1 pts | +3,234 sh | +52% |
| New | APPLE INC (AAPL) | — | 0.2% | +0.2 pts | +5,740 sh | new |
| Increased | EAST WEST BANCORP INC (EWBC) | 5.2% | 4.9% | −0.3 pts | +6,339 sh | +2% |
| Increased | AMAZON COM INC (AMZN) | 1.4% | 1.3% | 0.0 pts | +146 sh | +6% |
| New | COLLABORATIVE INVESTMNT SER (SARK) | — | 0.0% | 0.0 pts | +6,000 sh | new |
| Reduced | CACI INTL INC (CACI) | 4.4% | 4.1% | −0.3 pts | −754 sh | −1% |
| Increased | SURO CAPITAL CORP (SSSS) | 0.4% | 0.4% | 0.0 pts | +15,103 sh | +8% |
| Increased | MICROSOFT CORP (MSFT) | 1.3% | 1.5% | +0.1 pts | +300 sh | +1% |
| Reduced | OPTION CARE HEALTH INC (OPCH) | 0.1% | 0.1% | 0.0 pts | −3,525 sh | −12% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 0.4% | 0.4% | 0.0 pts | −160 sh | −3% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 55.7% of the equity book
Changes in the top 10 this quarter: APG entered · COR entered · NRG left · CACI left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CROWN HLDGS INC (CCK) | 7.1% | 7.4% | |
| 2 | AXALTA COATING SYS LTD (AXTA) | 5.9% | 6.4% | |
| 3 | API GROUP CORP (APG) | 2.7% | 6.1% | Entered the top 10 |
| 4 | QORVO INC (QRVO) | 4.5% | 5.7% | |
| 5 | AMERISOURCEBERGEN CORP (COR) | 2.7% | 5.4% | Entered the top 10 |
| 6 | MOHAWK INDS INC (MHK) | 4.3% | 5.4% | |
| 7 | WALKER & DUNLOP INC (WD) | 6.2% | 5.3% | |
| 8 | EAST WEST BANCORP INC (EWBC) | 5.2% | 4.9% | |
| 9 | BAUSCH HEALTH COS INC (BHC) | 4.9% | 4.6% | |
| 10 | RAYTHEON TECHNOLOGIES CORP (RTX) | 6.1% | 4.5% | |
| — | NRG ENERGY INC (NRG) | 5.0% | 0.0% | Left the top 10 |
| — | CACI INTL INC (CACI) | 4.4% | 4.1% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).