Equal-WT
WhaleScore 2.0
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Shapiro Capital Management is based out of Atlanta. Shapiro Capital Management is a large advisory firm with 691 clients and discretionary assets under management (AUM) of $3,665,932,504 (Form ADV from 2024-05-02). Their last reported 13F filing for Q2 2024 included $3,298,692,717 in managed 13F securities
and a top 10 holdings concentration of 42.67%. Shapiro Capital Management's largest holding is Graphic Packaging Holding Company with shares held of 6,591,947. Whalewisdom has at least 95 13F filings, and 454 13G filings
Business Description
The Advisor observes the investment policies, limitations, and restrictions of the clients for which it advises. For registered investment companies, The Advisor’s authority to trade securities may also be limited by certain federal securities and tax laws that require diversification of investments and favor the holding of investments once made. Investment guidelines and restrictions must be provided to The Advisor in writing.
Portfolios will generally hold between 30-35 securities. The firm’s strategy is considered concentrated in nature. Balanced accounts will hold a mix of both equities and fixed income securities. Registered investment advisors are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of SCM or the integrity of SCM’s management. SCM has no disciplinary action to report.
Investment Strategy
Shapiro Capital Management (SCM) employs a research-intensive, value-oriented approach to investing. They prioritize companies that operate in easily understood businesses with strong economic characteristics. These companies typically exhibit attributes such as high return on invested assets, free cash flow generation, franchise characteristics, significant barriers to entry, products with minimal obsolescence risk, management with aligned financial interests, and accessible management.
SCM often invests in complex situations like corporate restructurings and spinoffs, where their independent analysis can add significant value. They take a proactive, research-based approach, assuming responsibility for all their investments and avoiding reliance on others' information. This philosophy has been central to SCM since its inception.
Owners
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Known Email Addresses
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2024-06-30
Top Buys (13F)
| Name | % Change |
|---|---|
| VYX NCR Voyix Corp | 2.3% |
| NDAQ Nasdaq Inc | 1.06% |
| NEOGV Neogen Corp | 0.94% |
| TXNM TXNM Energy Inc. | 0.43% |
| THS TreeHouse Foods Inc | 0.4% |
2024-06-30
Top Sells (13F)
| Name | % Change |
|---|---|
| GM General Motors Co | 1.22% |
| MU Micron Technology, I | 1.17% |
| PENN Penn National Gaming | 1% |
| ELAN Elanco Animal Health | 0.6% |
| IWM iShares Russell 2000 | 0.56% |
2024-06-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| GPK Graphic Packaging Ho | 5.24% |
| MODG Topgold Callaway Bra | 4.9% |
| MHK Mohawk Industries In | 4.76% |
| ST Sensata Technologies | 4.67% |
| LGF.B Lions Gate Entertain | 4.27% |
2024-06-30
13F Activity
| Market Value | $3.30b, Prior: $3.71b |
| Inflows (Outflows) as % of Total MV | (-7.7647)% |
| New Purchases | 4 stocks |
| Added To | 9 stocks |
| Sold out of | 6 stocks |
| Reduced holdings in | 42 stocks |
| Top 10 Holdings % | 42.67% |
| Turnover %[1] | 13.33% |
| Turnover Alt %[2] | 6.25% |
| Time Held Top 20 | 8.45 quarters |
| Time Held Top 10 | 4.7 quarters |
| Time Held All | 20.35 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2024-06-30
13F Sector Allocation Over Time
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2024-06-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30