STEPHENS INC /AR/ 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.
Stephens Inc. is an investment management firm based out of Little Rock, Arkansas. The company was originally established in 1933 by W.R. “Witt” Stephens, who set up the firm first to trade Arkansas Highway bonds, and has grown from its inception to now operate with additional locations in Atlanta, Austin, Boston, and Chicago. Stephens Inc. currently operates as a subsidiary of SI Holdings Inc. and has grown from its inception to now operate with 627 total employees of which 243 are investment professionals. The company conducts its research internally, utilizing a fundamental methodology with a long term perspective to make its investment decisions. Stephens Inc. invests most heavily in the finance sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the information technology, consumer staples, health care, consumer discretionary, utilities and telecommunications, energy, and real estate sectors, among other sectors to a lesser degree, in order of decreasing allocation. Stephens Inc. holds its allocations for just over 14 quarters on average although the firm holds its top 10 allocations for 18.9 quarters on average. In the most recent quarter, Stephens Inc. has had a turnover rate of approximately 17%. Stephens Inc. oversees over $6.6 billion in total assets under management spread across over 9,600 total accounts, all of which are discretionary accounts except for 1,500 which make up just over $1 billion of its managed assets. Both of the firm’s total assets under management and total number of accounts have been increasing in recent years with its total assets under management growing significantly from $2.7 billion back in 2010 to well over twice that amount today. Stephens Inc. mainly caters to individuals, which alone makes up over two thirds of its client base, and also provides to a variety of other clientele.
As of the latest 13F report, the guru’s equity portfolio contained 1130 stocks valued at a total of $4.88Bil. The top holdings were VTI(3.00%), IWD(2.53%), and AAPL(2.24%).
According to GuruFocus data, these were STEPHENS INC /AR/’s top five trades of the quarter.
Invesco Optimum Yield Diversified Commodity
STEPHENS INC /AR/ reduced their investment in NAS:PDBC by 1,582,259 shares. The trade had a 0.55% impact on the equity portfolio. During the quarter, the stock traded for an average price of $14.94.
On 02/18/2023, Invesco Optimum Yield Diversified Commodity traded for a price of $14.28 per share and a market cap of $6.00Bil. The stock has returned 3.55% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
The Energy Select Sector SPDR Fund
During the quarter, STEPHENS INC /AR/ bought 180,229 shares of ARCA:XLE for a total holding of 219,238. The trade had a 0.32% impact on the equity portfolio. During the quarter, the stock traded for an average price of $86.29000000000001.
On 02/18/2023, The Energy Select Sector SPDR Fund traded for a price of $84.5 per share and a market cap of $39.24Bil. The stock has returned 28.66% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, The Energy Select Sector SPDR Fund has a price-earnings ratio of 8.09 and a price-book ratio of 2.51.
Vanguard Total Stock Market ETF
During the quarter, STEPHENS INC /AR/ bought 75,529 shares of ARCA:VTI for a total holding of 766,455. The trade had a 0.3% impact on the equity portfolio. During the quarter, the stock traded for an average price of $191.88.
On 02/18/2023, Vanguard Total Stock Market ETF traded for a price of $205.08 per share and a market cap of $282.66Bil. The stock has returned -5.75% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard Total Stock Market ETF has a price-earnings ratio of 19.15 and a price-book ratio of 3.48.
Innovator U.S. Equity Power Buffer ETF - December
The guru established a new position worth 452,008 shares in BATS:PDEC, giving the stock a 0.28% weight in the equity portfolio. Shares traded for an average price of $29.88 during the quarter.
On 02/18/2023, Innovator U.S. Equity Power Buffer ETF - December traded for a price of $31.1 per share and a market cap of $673.32Mil. The stock has returned 1.50% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Innovator U.S. Equity Power Buffer ETF - December has a price-book ratio of 3.76.
Innovator U.S. Equity Power Buffer ETF - October
The guru established a new position worth 454,721 shares in BATS:POCT, giving the stock a 0.28% weight in the equity portfolio. Shares traded for an average price of $29.75 during the quarter.
On 02/18/2023, Innovator U.S. Equity Power Buffer ETF - October traded for a price of $31.3 per share and a market cap of $615.05Mil. The stock has returned 5.53% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Innovator U.S. Equity Power Buffer ETF - October has a price-earnings ratio of 20.28 and a price-book ratio of 3.76.
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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