Analyze Magellan Asset Management's Q4 2022 13F Holdings Report: Significant Changes in Holdings Revealed

Magellan Asset Management Ltd, a well-known global investment management firm, recently filed its 13F holdings report for Q4 2022. The report outlines the company’s holdings in various securities from different industries, providing a glimpse of their investment strategy. In this blog post, we will analyze the changes in the holdings of Magellan Asset Management Ltd between Q3 2022 and Q4 2022, as detailed in the 13F report.

The report shows that there were significant changes in Magellan’s holdings during the quarter, with some securities being sold completely, while others saw a decrease or increase in shares held. One of the most notable changes in the report is the significant decrease in holdings of Microsoft Corporation (MSFT). Magellan sold 28.8% of its shares, reducing its holdings from 5,421,479 shares in Q3 to 3,747,977 shares in Q4. The value of the shares held also decreased from $1,262,662 to $898,839.

Another significant reduction in holdings was that of Visa Inc. (V). In Q3, Magellan held 5,457,418 shares of Visa, but this decreased to 3,202,832 shares in Q4, representing a reduction of 31.4%. The value of the shares held also decreased from $969,510 to $665,420.

On the other hand, some companies saw increases in their holdings. For instance, Evergy Inc. (EVRG) witnessed an increase in the number of shares held by Magellan, reaching 3,735,611 shares, up from 3,241,365 in Q3, an increase of 22.1%. The value of the shares held also increased from $192,537 to $235,082. This suggests that Magellan may have a bullish outlook on the energy sector.

American Tower Corporation (AMT) also saw an increase in its holdings by Magellan, rising by 6.5% from 1,297,218 shares in Q3 to 1,400,172 shares in Q4. The value of the shares held increased from $278,513 to $296,640.

There were also instances where Magellan maintained its holdings in certain companies. For example, the company’s holdings in Union Pacific Corporation (UNP) remained largely unchanged, with only a 3.3% increase from 249,016 shares in Q3 to 242,112 shares in Q4. The value of the shares held also only increased slightly from $48,513 to $50,134.

However, the most remarkable observation is that of UnitedHealth Group Incorporated (UNH). Magellan did not hold any shares of the company in Q3, but it added 409,778 shares valued at $217,256 in Q4. This could imply that Magellan is bullish on the healthcare sector, specifically UnitedHealth Group.

Furthermore, Magellan completely sold its holdings in some companies, such as Exelon Corporation (EXC), which was not held by the company in Q4, unlike Q3, where it held an unspecified number of shares. Other companies that were completely sold during the period were Capital One Financial Corporation (COF) and the Netflix Inc. (NFLX).

The data also revealed that Magellan reduced its holdings in Alphabet Inc. (GOOGL), with the number of shares held reduced by 30.9% from 2,172,819 in Q3 to 1,627,357 in Q4. The value of the shares also fell from $207,830 to $143,581.

In conclusion, the report indicates that there were significant changes in Magellan Asset Management Ltd's holdings during the period, with some companies being bought while some saw a reduction in shares held, thereby increasing or reducing their value. It is also evident that the company is cautious in its approach and is constantly reevaluating its investment strategy. Investors should keep an eye on Magellan's future quarterly reports to see what will be the next move of the investment management firm.