2 ភាគហ៊ុនរបស់ David Rolfe និង Daniel Loeb មើលឃើញផ្ទាល់ភ្នែក

សេចក្តីសង្ខេប

• Loeb and Rolfe both have positions in UnitedHealth and Disney as of the three months ended June 30.
• They both sold shares of one stock, while buying the other.

Even though gurus ដានីយ៉ែលឡូប (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), leader of Third Point, and លោក David Rolfe (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), head of Wedgewood Partners, have different investment strategies, they still have a couple holdings in common.

Taking an event-driven, value-oriented approach to picking stocks, Loeb’s New York-based firm is known for taking activist positions in underperforming companies with a catalyst that will help unlock value for shareholders.

In contrast, Rolfe’s St. Louis-based firm approaches potential investments with the mindset of a business owner, striving to generate significant long-term wealth by analyzing a handful of undervalued companies that have a dominant product or service, consistent earnings, revenue and dividend growth, are highly profitable and have strong management teams.

យោងទៅតាម GuruFocus ផលប័ត្រសរុប, a Premium feature based on 13F filings, the two gurus both have positions in UnitedHealth GroupUNH
Inc (UNH, ហិរញ្ញវត្ថុ) និង The Walt DisneyDIS
សហ។ (DIS, ហិរញ្ញវត្ថុ) as of the end of the second quarter.

វិនិយោគិនគួរតែដឹងថា ឯកសារ 13F មិនផ្តល់រូបភាពពេញលេញនៃការកាន់កាប់របស់ក្រុមហ៊ុនទេ ដោយសាររបាយការណ៍រួមបញ្ចូលតែមុខតំណែងរបស់ខ្លួននៅក្នុងភាគហ៊ុនអាមេរិក និងបង្កាន់ដៃដាក់ប្រាក់របស់អាមេរិក ប៉ុន្តែពួកគេនៅតែអាចផ្តល់ព័ត៌មានដ៏មានតម្លៃ។ លើសពីនេះ របាយការណ៍ឆ្លុះបញ្ចាំងតែការជួញដូរ និងការកាន់កាប់ជាកាលបរិច្ឆេទនៃការដាក់ឯកសារចុងក្រោយបំផុត ដែលអាចឬមិនអាចធ្វើឡើងដោយក្រុមហ៊ុនរាយការណ៍នៅថ្ងៃនេះ ឬសូម្បីតែនៅពេលអត្ថបទនេះត្រូវបានបោះពុម្ពផ្សាយ។

UnitedHealth Group

During the three months ended June 30, Loeb curbed his investment in UnitedHealth (UNH, ហិរញ្ញវត្ថុ) by 5.79%, while Rolfe trimmed his holding by 1.15%. They have a combined equity portfolio weight of 12.47% in the stock.

The Minnetonka, Minnesota-based company, which provides health care plans and services, has a $488.08 billion market cap; its shares were trading around $521.42 on Friday with a price-earnings ratio of 27.26, a price-book ratio of 6.69 and a price-sales ratio of 1.64.

បន្ទាត់តម្លៃ GFវ៉ាលី
បង្ហាញថាភាគហ៊ុនត្រូវបានវាយតម្លៃទាបតិចតួចនាពេលបច្ចុប្បន្នដោយផ្អែកលើសមាមាត្រប្រវត្តិសាស្រ្ត ប្រតិបត្តិការហិរញ្ញវត្ថុកន្លងមក និងការព្យាករណ៍ប្រាក់ចំណូលនាពេលអនាគតរបស់អ្នកវិភាគ។

The company has high outperformance potential with a GF Score of 90 out of 100. It raked in high points for profitability, growth and financial strength, middling marks for momentum and low points for GF Value.

GuruFocus rated UnitedHealth’s financial strength 7 out of 10. Despite the company issuing new long-term debt over the past three years, it is at a manageable level due to adequate interest coverage. The Altman Z-Score of 4.04 also indicates it is in good standing even though assets are building up at a faster rate than revenue is growing. Additionally, value is being created as the company grows since the return on invested capital overshadows the weighted average cost of capital.

The company’s profitability scored a 9 out of 10 rating on the back of an expanding operating margin, strong returns on equity, assets and capital that outperform a majority of competitors and a high Piotroski F-Score of 8 out of 9, meaning conditions are healthy. Due to recording consistent earnings and revenue growth, UnitedHealth has a perfect predictability rank of five out of five stars. According to GuruFocus research, companies with this rank return an average of 12.1% annually over a 10-year period.

GuruFocus estimates Loeb has gained 27.88% on the investment, which he has had since the fourth quarter of 2020. Rolfe has yielded a 22.15% return since establishing the position in the third quarter of 2021.

Gurus with significant positions in the stock include the មូលនិធិថែទាំសុខភាព Vanguard (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), Dodge & Cox, Ruane Cuniff (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), Barrow, Hanley, Mewhinney & Strauss, ជេរេមីហ្គ្រែមហាំ (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន) និង Spiros Segalas (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), ក្នុង​ចំណោម​អ្នក​ដទៃ។

ក្រុមហ៊ុន Disney

Loeb entered a 1 million-share stake in Disney (DIS, ហិរញ្ញវត្ថុ) during the quarter, while Rolfe boosted his position by 16.46% to 2,300 shares. Together, they have a combined equity portfolio weight of 2.27% in the stock.

The media and entertainment giant headquartered in Burbank, California, which is known for its classic movies and theme parks, has a market cap of $194.82 billion; its shares were trading around $108.47 on Friday with a price-earnings ratio of 62.12, a price-book ratio of 2.06 and a price-sales ratio of 2.42.

យោងតាមបន្ទាត់តម្លៃ GF ភាគហ៊ុននេះមានតម្លៃទាបគួរឱ្យកត់សម្គាល់នាពេលបច្ចុប្បន្ន។

The GF Score of 77 out of 100 indicates the company will likely have average performance going forward. While Disney raked in high marks for profitability and GF Value and moderate ranks for financial strength and momentum, its growth rating was weak.

Disney’s financial strength was rated 5 out of 10 by GuruFocus. In addition to insufficient interest coverage, the low Altman Z-Score of 2.04 cautions the company is under some pressure. The WACC also eclipses the ROIC, so it is struggling to create value.

The company’s profitability scored an 8 out of 10 rating. Although margins are declining and returns underperform over half of its industry peers, Disney has a high Piotroski F-Score of 8. Despite recording declines in revenue per share in recent years, it has a one-star predictability rank. GuruFocus found companies with this rank return, on average, 1.1% annually.

GuruFocus data shows Loeb has gained an estimated 26.07% on the investment so far, while Rolfe has lost approximately 22.68% on his holding since establishing it in the first quarter.

Other gurus with large positions in Disney include ការគ្រប់គ្រង PRIMECAP (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), ពេជ្រហ៊ីលថលរាជធានី (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), ហ្វីលីពឡាហ្វហ្វុង (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), នេះ មូលនិធិប្រាក់ចំណេញសមធម៌តម្លៃធីរ៉ូវ៉ា (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), លោក Tom Gayner (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), Andreas Halvorsen (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), ការគ្រប់គ្រងទ្រព្យយិតមែន (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន), លោក Bill Nygren (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន) និង Jim Simons (ជំនួញ, គេហទំព័រផ្ទាល់ខ្លួន)' បច្ចេកវិទ្យាក្រុមហ៊ុន Renaissance ។

សមាសភាពផលប័ត្រ

Loeb’s $4.22 billion equity portfolio, which was composed of 58 stocks as of the three months ended June 30, is most heavily invested in the health care, energy and utilities spaces.

Rolfe’s $579 million equity portfolio, which is composed of 40 stocks, is most heavily invested in the technology, financial services and communication services sectors.