Insights from the Fourth Quarter 2024 N-PORT Filing
Harbor Capital Appreciation Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. The fund, part of Jennison Associates LLC, was led by Spiros Segalas from May 1990 until his passing in January 2023. The Jennison team focuses on identifying catalysts that can drive long-term growth rates above market averages, such as disruptive technologies, new product cycles, and expanding markets. They invest in companies with unique business models that offer sustainable competitive advantages through proprietary technologies, strong brands, or economies of scale. The fund prioritizes holdings with strong financial characteristics, including robust revenue growth and healthy balance sheets, while ensuring valuations are appropriate.
Summary of New Buy
Harbor Capital Appreciation Fund (Trades, Portfolio) added a total of three stocks in the fourth quarter of 2024. The most significant addition was Walmart Inc (WMT, Financial), with 4,554,936 shares, accounting for 1.32% of the portfolio and a total value of $373.28 million. The second largest addition was Vertiv Holdings Co (VRT, Financial), consisting of 1,327,921 shares, representing approximately 0.51% of the portfolio, with a total value of $145.13 million. The third largest addition was Industria De Diseno Textil SA (XMAD:ITX, Financial), with 2,441,659 shares, accounting for 0.49% of the portfolio and a total value of €139.21 million.
Key Position Increases
Harbor Capital Appreciation Fund (Trades, Portfolio) also increased stakes in a total of 12 stocks. The most notable increase was in adidas AG (XTER:ADS, Financial), with an additional 519,672 shares, bringing the total to 935,243 shares. This adjustment represents a significant 125.05% increase in share count, a 0.44% impact on the current portfolio, and a total value of €223.98 million. The second largest increase was in CrowdStrike Holdings Inc (CRWD, Financial), with an additional 310,315 shares, bringing the total to 1,169,547. This adjustment represents a significant 36.12% increase in share count, with a total value of $347.20 million.
Summary of Sold Out
Harbor Capital Appreciation Fund (Trades, Portfolio) completely exited four holdings in the fourth quarter of 2024. Notably, the fund sold all 457,941 shares of ASML Holding NV (ASML, Financial), resulting in a -1.51% impact on the portfolio. Additionally, the fund liquidated all 4,745,478 shares of Chipotle Mexican Grill Inc (CMG, Financial), causing a -0.91% impact on the portfolio.
Key Position Reduces
Harbor Capital Appreciation Fund (Trades, Portfolio) also reduced its position in 33 stocks. The most significant changes include a reduction in Microsoft Corp (MSFT, Financial) by 804,929 shares, resulting in a -14.35% decrease in shares and a -1.19% impact on the portfolio. The stock traded at an average price of $418.66 during the quarter and has returned 0.75% over the past three months and 15.30% year-to-date. Additionally, the fund reduced its position in Visa Inc (V, Financial) by 683,917 shares, resulting in a -25.12% reduction in shares and a -0.64% impact on the portfolio. The stock traded at an average price of $276.29 during the quarter and has returned 16.32% over the past three months and 23.65% year-to-date.
Portfolio Overview
As of the fourth quarter of 2024, Harbor Capital Appreciation Fund (Trades, Portfolio)'s portfolio included 51 stocks. The top holdings were 10.13% in NVIDIA Corp (NVDA, Financial), 8.36% in Amazon.com Inc (AMZN, Financial), 6.9% in Microsoft Corp (MSFT, Financial), 5.94% in Meta Platforms Inc (META, Financial), and 5.93% in Apple Inc (AAPL, Financial).
The holdings are mainly concentrated in seven of the 11 industries: Technology, Consumer Cyclical, Communication Services, Healthcare, Financial Services, Industrials, and Consumer Defensive.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
