Hotchkis & Wiley Capitalizes on Kraft Heinz in Q3 2024 Investment Moves

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Insight into the Strategic Portfolio Adjustments of a Veteran Value Investment Firm HOTCHKIS & WILEY, a prominent investment firm established in 1980 in Los Angeles, is renowned for its dedicated ...

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HOTCHKIS & WILEY, a prominent investment firm established in 1980 in Los Angeles, is renowned for its dedicated approach to value investing. The firm prioritizes undervalued companies with strong tangible assets, sustainable cash flow, and potential for business performance improvement. Their latest 13F filing for the third quarter of 2024 reveals significant portfolio adjustments, reflecting their strategic investment decisions.GuruFocus has detected 7 Warning Signs with FFIV.The Kraft Heinz Co , with 11,714,730 shares, making up 1.37% of the portfolio and valued at $411.3 million.Norfolk Southern Corp , comprising 836,340 shares, which is approximately 0.69% of the portfolio, valued at $207.83 million.Solventum Corp , with 1,799,880 shares, accounting for 0.42% of the portfolio and valued at $125.49 million.Citizens Financial Group Inc , reduced by 5,419,280 shares, resulting in a -37.09% reduction i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NSC":"诺福克南方","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","BK4561":"索罗斯持仓","IE00BMG7P702.HKD":"FTGF CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOME \"A\" (HKD) INC","BK4099":"汽车制造商","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","SQQQ":"纳指三倍做空ETF","SOLV":"Solventum","CVS":"西维斯健康","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4516":"特朗普概念","QLD":"纳指两倍做多ETF","BK4212":"包装食品与肉类","BK4554":"元宇宙及AR概念","BK4515":"5G概念","TQQQ":"纳指三倍做多ETF","SBOW":"SilverBow Resources Inc","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","PSQ":"纳指反向ETF","BK4585":"ETF&股票定投概念","KHC":"卡夫亨氏","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","BK4566":"资本集团","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","CFG":"Citizens Financial Group","BK4196":"保健护理服务","BK4558":"双十一","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","ERIC":"爱立信","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","FFIV":"F5 Inc",".IXIC":"NASDAQ Composite","BK4559":"巴菲特持仓","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","GM":"通用汽车","D":"道明尼资源","QID":"纳指两倍做空ETF","ACIW":"ACI环球"},"translate_title":"Hotchkis&Wiley在2024年第三季度投资举措中利用卡夫亨氏","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACIW":1,"KHC":1,"GM":1,"FFIV":1,"ERIC":1,"D":1,"CVS":1,"CFG":1,"NSC":1,"SBOW":1,"SOLV":1,".IXIC":0.9,"TQQQ":0.6,"PSQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Insight into the Strategic Portfolio Adjustments of a Veteran Value Investment Firm\nHOTCHKIS & WILEY, a prominent investment firm established in 1980 in Los Angeles, is renowned for its dedicated approach to value investing. The firm prioritizes undervalued companies with strong tangible assets, sustainable cash flow, and potential for business performance improvement. Their latest 13F filing for the third quarter of 2024 reveals significant portfolio adjustments, reflecting their strategic investment decisions.\n\nWarning! GuruFocus has detected 7 Warning Signs with FFIV.\n\n\nSummary of New Buys\nHOTCHKIS & WILEY added a total of 75 stocks to their portfolio this quarter. Noteworthy new additions include:\n\nThe Kraft Heinz Co (NASDAQ:KHC), with 11,714,730 shares, making up 1.37% of the portfolio and valued at $411.3 million.\nNorfolk Southern Corp (NYSE:NSC), comprising 836,340 shares, which is approximately 0.69% of the portfolio, valued at $207.83 million.\nSolventum Corp (NYSE:SOLV), with 1,799,880 shares, accounting for 0.42% of the portfolio and valued at $125.49 million.\n\nKey Position Increases\nHOTCHKIS & WILEY also increased their stakes in a total of 161 stocks, with significant increases in:\n\nCVS Health Corp (NYSE:CVS), with an additional 3,071,613 shares, bringing the total to 11,897,034 shares. This adjustment represents a significant 34.8% increase in share count, impacting the current portfolio by 0.64%, and a total value of $748.09 million.\nDominion Energy Inc (NYSE:D), with an additional 3,278,175 shares, bringing the total to 8,436,875 shares. This adjustment represents a significant 63.55% increase in share count, valued at $487.57 million.\n\nSummary of Sold Out Positions\nIn the third quarter of 2024, HOTCHKIS & WILEY completely exited 75 holdings, including:\n\nSilverBow Resources Inc (NYSE:SBOW), where all 482,160 shares were sold, impacting the portfolio by -0.06%.\nACI Worldwide Inc (NASDAQ:ACIW), with all 358,815 shares liquidated, causing a -0.05% impact on the portfolio.\n\nKey Position Reductions\nMoreover, HOTCHKIS & WILEY reduced positions in 235 stocks. The most significant reductions include:\n\nTelefonaktiebolaget L M Ericsson (NASDAQ:ERIC), reduced by 35,859,689 shares, resulting in a -23.54% decrease in shares and a -0.77% impact on the portfolio. The stock traded at an average price of $7 during the quarter and has returned 18.32% over the past 3 months and 32.11% year-to-date.\nCitizens Financial Group Inc (NYSE:CFG), reduced by 5,419,280 shares, resulting in a -37.09% reduction in shares and a -0.68% impact on the portfolio. The stock traded at an average price of $40.41 during the quarter and has returned 17.30% over the past 3 months and 46.90% year-to-date.\n\nPortfolio Overview\nAs of the third quarter of 2024, HOTCHKIS & WILEY's portfolio included 482 stocks. The top holdings were 4.02% in F5 Inc (NASDAQ:FFIV), 3.26% in $Citigroup Inc(C-N)$ (NYSE:C), 2.93% in Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC), 2.57% in General Motors Co (NYSE:GM), and 2.49% in CVS Health Corp (NYSE:CVS). The holdings are mainly concentrated across 11 industries, including Financial Services, Technology, Healthcare, and more.\n\n\nThis 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.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483366930"}