Portfolio Insights: Analyzing Sanders Capital, LLC's Q3 vs. Q4 2022 13F Holdings

Sanders Capital, LLC is a reputed New York-based investment management firm, with assets under management (AUM) worth over $26 billion. The firm's investment philosophy focuses on maintaining a concentrated portfolio of global equities, with an emphasis on value creation. In this blog post, we will analyze Sanders Capital, LLC's Q3 vs. Q4 2022 13F filings to gain insights into its overall portfolio shifts and changes in holdings.

Overview of Changes:

During the Q3 vs. Q4 2022 period, Sanders Capital, LLC made significant changes to its holdings portfolio in terms of both the number of shares held and the holdings' total value in dollars. The total value of its holdings increased from $42.8 billion to $44.6 billion, representing a 4.2% increase. The firm added seven new holdings, sold out of three positions, and increased or decreased holdings in 23 stocks.

Increased Holdings:

Sanders Capital, LLC increased holdings in 14 stocks, with HCA Healthcare Inc. witnessing a 26% increase in the number of shares held and the total value of the shares rising to $2.57 billion. The firm increased its holdings in Wells Fargo, Halliburton Co., and JPMorgan Chase & Co. by 1.2%, 57.4%, and 24.5%, respectively. Halliburton Co. witnessed the most significant portfolio increase, with the total value rising from $526,047 to $827,945, representing an increase of 57.4%. HCA Healthcare Inc. held the largest value position at the end of Q4 2022.

Decreased Holdings:

Sanders Capital, LLC decreased its holdings in nine stocks, with UnitedHealth Group Inc. witnessing the most significant drop in the number of shares held. The company sold 25% of its position in UnitedHealth Group Inc., with the total value of the shares decreasing from $3.49 billion to $2.74 billion. Alphabet Inc. also witnessed a substantial decrease in its holdings, with the total value of shares dropping from $3.18 billion to $2.89 billion, representing a 9.2% reduction.

New Positions:

Sanders Capital, LLC added new holdings in seven companies during the Q3 vs. Q4 2022 period. These included Seagate Technology, Suncor Energy, and Lennar Corp. The firm added a new position in Suncor Energy, a Canadian oil and gas company, with 11.0 million shares totaling $1.06 billion. Seagate Technology Holdings, a data storage solutions company, and Lennar Corp., a residential construction, and real estate company, were added with holdings of $574.8 million and $268.3 million, respectively.

Sold Out Positions:

Sanders Capital, LLC sold out holdings in three companies during the Q3 vs. Q4 2022 period. These companies included Micron Technology Inc, Nvidia Corporation, and Baidu Inc. The firm sold out of its position in Micron Technology Inc., disposing of 2.8% of the shares held, with the value dropping from $2.11 billion to $2.05 billion.

Conclusion:

Sanders Capital, LLC's Q3 vs. Q4 2022 13F filings indicate the firm is committed to maintaining a concentrated portfolio of value-creating global equities while continually restructuring its holdings. The firm's new positions in Seagate Technology Holdings, Suncor Energy, and Lennar Corp. and a substantial increase in holdings in Halliburton Co. are reflective of its focus on the energy and real estate sectors. Overall, the filings demonstrate the firm's ongoing commitment to actively managing its portfolio and seeking out new positions aligned with its investment philosophy.