M D SASS INVESTORS SERVICES INC's Q1 2022 13F: 5 new positions, 6 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 12, 2022 · 31 reported positions · accession 0001172661-22-001249
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | AXALTA COATING SYS LTD (AXTA) | 6.4% | — | −6.4 pts | −1.25M sh | −100% |
| Exited | MOHAWK INDS INC (MHK) | 5.4% | — | −5.4 pts | −192K sh | −100% |
| New | CORTEVA INC (CTVA) | — | 5.2% | +5.2 pts | +528K sh | new |
| Increased | ALPHABET INC (GOOGL) | 2.1% | 6.2% | +4.1 pts | +8,313 sh | +175% |
| Exited | GATES INDUSTRIAL CORPRATIN P (GTES) | 3.9% | — | −3.9 pts | −1.57M sh | −100% |
| New | INTERACTIVE BROKERS GROUP IN (IBKR) | — | 3.4% | +3.4 pts | +305K sh | new |
| Reduced | SCHWAB CHARLES CORP (SCHW) | 3.5% | 0.6% | −2.9 pts | −229K sh | −85% |
| Reduced | AMERISOURCEBERGEN CORP (COR) | 5.4% | 4.2% | −1.2 pts | −105K sh | −40% |
| Increased | VERTEX PHARMACEUTICALS INC (VRTX) | 3.1% | 6.5% | +3.4 pts | +54,275 sh | +59% |
| Reduced | LIBERTY MEDIA CORP DEL (FWONK) | 4.4% | 3.2% | −1.2 pts | −178K sh | −40% |
| Increased | ON SEMICONDUCTOR CORP (ON) | 4.3% | 6.0% | +1.7 pts | +151K sh | +37% |
| Reduced | RAYTHEON TECHNOLOGIES CORP (RTX) | 4.5% | 4.2% | −0.3 pts | −89,283 sh | −26% |
| Increased | API GROUP CORP (APG) | 6.1% | 6.8% | +0.7 pts | +360K sh | +24% |
| Reduced | CROWN HLDGS INC (CCK) | 7.4% | 7.9% | +0.5 pts | −60,000 sh | −14% |
| Reduced | BAUSCH HEALTH COS INC (BHC) | 4.6% | 3.1% | −1.5 pts | −272K sh | −25% |
| Increased | CHEMED CORP NEW (CHE) | 2.4% | 3.6% | +1.1 pts | +11,627 sh | +40% |
| Increased | JAZZ PHARMACEUTICALS PLC (JAZZ) | 2.6% | 4.3% | +1.7 pts | +30,657 sh | +23% |
| Increased | BRUNSWICK CORP (BC) | 3.3% | 3.7% | +0.4 pts | +56,902 sh | +27% |
| Exited | GENERAL MTRS CO (GM) | 0.7% | — | −0.7 pts | −81,130 sh | −100% |
| Reduced | QUANTA SVCS INC (PWR) | 4.5% | 5.0% | +0.5 pts | −30,638 sh | −12% |
| Increased | COLLABORATIVE INVESTMNT SER (SARK) | 0.0% | 0.7% | +0.6 pts | +78,900 sh | +1315% |
| Reduced | EAST WEST BANCORP INC (EWBC) | 4.9% | 4.8% | −0.1 pts | −45,697 sh | −11% |
| Exited | SONY GROUP CORPORATION (SONY) | 0.5% | — | −0.5 pts | −27,654 sh | −100% |
| Increased | WALKER & DUNLOP INC (WD) | 5.3% | 5.5% | +0.2 pts | +20,696 sh | +9% |
| Increased | QORVO INC (QRVO) | 5.7% | 5.4% | −0.3 pts | +19,544 sh | +8% |
| New | PROSHARES TR (SJB) | — | 0.2% | +0.2 pts | +67,315 sh | new |
| New | PROSHARES TR (TTT) | — | 0.2% | +0.2 pts | +23,120 sh | new |
| Exited | APPLE INC (AAPL) | 0.2% | — | −0.2 pts | −5,740 sh | −100% |
| New | DIREXION SHS ETF TR (TMV) | — | 0.1% | +0.1 pts | +8,355 sh | new |
| Reduced | CACI INTL INC (CACI) | 4.1% | 4.9% | +0.9 pts | −1,080 sh | −1% |
| Reduced | OPTION CARE HEALTH INC (OPCH) | 0.1% | 0.1% | 0.0 pts | −11,165 sh | −43% |
| Reduced | MICROSOFT CORP (MSFT) | 1.5% | 1.4% | 0.0 pts | −870 sh | −3% |
| Increased | META PLATFORMS INC (META) | 0.5% | 0.4% | −0.1 pts | +890 sh | +9% |
| Reduced | SURO CAPITAL CORP (SSSS) | 0.4% | 0.3% | −0.1 pts | −9,460 sh | −4% |
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 — 59.3% of the equity book
Changes in the top 10 this quarter: VRTX entered · GOOGL entered · ON entered · CTVA entered · PWR entered · CACI entered · AXTA left · COR left · MHK left · EWBC left · BHC left · RTX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CROWN HLDGS INC (CCK) | 7.4% | 7.9% | |
| 2 | API GROUP CORP (APG) | 6.1% | 6.8% | |
| 3 | VERTEX PHARMACEUTICALS INC (VRTX) | 3.1% | 6.5% | Entered the top 10 |
| 4 | ALPHABET INC (GOOGL) | 2.1% | 6.2% | Entered the top 10 |
| 5 | ON SEMICONDUCTOR CORP (ON) | 4.3% | 6.0% | Entered the top 10 |
| 6 | WALKER & DUNLOP INC (WD) | 5.3% | 5.5% | |
| 7 | QORVO INC (QRVO) | 5.7% | 5.4% | |
| 8 | CORTEVA INC (CTVA) | 0.0% | 5.2% | Entered the top 10 |
| 9 | QUANTA SVCS INC (PWR) | 4.5% | 5.0% | Entered the top 10 |
| 10 | CACI INTL INC (CACI) | 4.1% | 4.9% | Entered the top 10 |
| — | AXALTA COATING SYS LTD (AXTA) | 6.4% | 0.0% | Left the top 10 |
| — | AMERISOURCEBERGEN CORP (COR) | 5.4% | 4.2% | Left the top 10 |
| — | MOHAWK INDS INC (MHK) | 5.4% | 0.0% | Left the top 10 |
| — | EAST WEST BANCORP INC (EWBC) | 4.9% | 4.8% | Left the top 10 |
| — | BAUSCH HEALTH COS INC (BHC) | 4.6% | 3.1% | Left the top 10 |
| — | RAYTHEON TECHNOLOGIES CORP (RTX) | 4.5% | 4.2% | 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).