Destination Wealth Management recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 199 stocks valued at a total of $2.51Bil. The top holdings were SPSB(4.54%), SCHZ(4.42%), and AAPL(4.25%).
According to GuruFocus data, these were Destination Wealth Management’s top five trades of the quarter.
Schwab US Aggregate Bond ETF
During the quarter, Destination Wealth Management bought 1,974,824 shares of ARCA:SCHZ for a total holding of 2,433,575. The trade had a 3.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $45.22.
On 02/15/2023, Schwab US Aggregate Bond ETF traded for a price of $46.32 per share and a market cap of $7.04Bil. The stock has returned -8.04% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Schwab U.S. Large-Cap ETF
During the quarter, Destination Wealth Management bought 466,899 shares of ARCA:SCHX for a total holding of 787,893. The trade had a 0.84% impact on the equity portfolio. During the quarter, the stock traded for an average price of $45.26.
On 02/15/2023, Schwab U.S. Large-Cap ETF traded for a price of $48.9 per share and a market cap of $31.79Bil. The stock has returned -5.27% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Schwab U.S. Large-Cap ETF has a price-earnings ratio of 20.11 and a price-book ratio of 3.72.
Thermo Fisher Scientific Inc
The guru established a new position worth 33,718 shares in NYSE:TMO, giving the stock a 0.74% weight in the equity portfolio. Shares traded for an average price of $529.89 during the quarter.
On 02/15/2023, Thermo Fisher Scientific Inc traded for a price of $571.48 per share and a market cap of $224.13Bil. The stock has returned 2.05% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Thermo Fisher Scientific Inc has a price-earnings ratio of 32.42, a price-book ratio of 5.09, a price-earnings-to-growth (PEG) ratio of 1.52, a EV-to-Ebitda ratio of 21.06 and a price-sales ratio of 5.04.
The price-to-GF Value ratio is 0.88, earning the stock a GF Value rank of 7.
iShares Core U.S. Aggregate Bond ETF
Destination Wealth Management reduced their investment in ARCA:AGG by 174,397 shares. The trade had a 0.71% impact on the equity portfolio. During the quarter, the stock traded for an average price of $96.08.
On 02/15/2023, iShares Core U.S. Aggregate Bond ETF traded for a price of $98.37 per share and a market cap of $85.46Bil. The stock has returned -7.97% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
Baxter International Inc
Destination Wealth Management reduced their investment in NYSE:BAX by 231,814 shares. The trade had a 0.53% impact on the equity portfolio. During the quarter, the stock traded for an average price of $53.71.
On 02/15/2023, Baxter International Inc traded for a price of $39.91 per share and a market cap of $20.14Bil. The stock has returned -51.95% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.
In terms of valuation, Baxter International Inc has a price-book ratio of 3.45, a EV-to-Ebitda ratio of -66.61 and a price-sales ratio of 1.34.
The price-to-GF Value ratio is 0.39, earning the stock a GF Value rank of 4.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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