Mirae Asset Global Investments Co., Ltd. recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.
Mirae Asset Global Investments Co., Ltd. is the asset management arm of Mirae Asset Financial Group. The company is based in Seoul, South Korea and was established in 1998. Mirae Asset Global Investments Co. conducts its research in-house and invests in fixed income and public equity markets across Asia. Although the company is focused on Asia, the company has expanded its physical presence to have offices around the world in Australia, India, United States, United Kingdom, Canada, and Colombia, among others. . The company operates today with over 600 employees of which 120 are investment professionals. After the launch of Korea’s first mutual fund with the establishment of Mirae Asset Global Investments Co., the company would be chosen as the external manager of Korea’s National Pension Service three years later. The company would then begin to establish its international presence from 2003 with the opening of its office in 2003 with the establishment of Mirae Asset Global Investments (HK). Mirae Asset Global Investments Co. would continue to expand, establishing new locations in India and the UK in 2006 and 2007 respectively, and becoming the largest investor in emerging markets with the establishment of Mirae Asset Global Investments (Brazil) and Mirae Asset Global Investments. (USA) in 2008. The company will continue its expansion and will acquire Betapro Management Inc. and TLG Asset Management in 2011 to complete its organic growth. In 2012, Mirae Asset Global Investments Co. would become the largest bond fund manager in Korea. The firm invests in a variety of sectors, with a primary focus on the information technology, financials and consumer discretionary sectors, which each account for more than a fifth of its total asset allocations. Mirae Asset Global Investments Co. currently offers a variety of mutual funds, both equity and fixed income, and a platform of 160 ETFs to its clients.
According to the latest 13F report, the guru’s stock portfolio contained 2258 stocks valued at a total of $32.52 billion. Top holdings were MSFT (5.12%), AAPL (5.05%) and AMZN (2.80%).
According to data from GuruFocus, these were the top five deals of Mirae Asset Global Investments Co., Ltd. of the quarter.
Vanguard Russell 2000 Index Fund
Mirae Asset Global Investments Co., Ltd. reduced its investment in NAS:VTWO by 21,152,028 shares. The transaction had an impact of 1.86% on the equity portfolio. During the quarter, the stock traded at an average price of $74.34.
On 7/26/2022, the Vanguard Russell 2000 Index Fund traded at a price of $72.39 per share and a market capitalization of $5.26 billion. The stock has returned -17.55% over the past year.
The data is insufficient to calculate the financial strength and profitability of the title.
In terms of valuation, the Vanguard Russell 2000 Index Fund has a price-to-earnings ratio of 13.13 and a price-to-book ratio of 1.97.
Apple Inc.
Mirae Asset Global Investments Co., Ltd. reduced its investment in NAS:AAPL by 8,946,465 shares. The transaction had an impact of 1.66% on the equity portfolio. During the quarter, the stock traded at an average price of $151.67.
On 7/26/2022, Apple Inc traded at a price of $151.6 per share and a market capitalization of $2,453.67 billion. The stock has returned 2.35% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Apple Inc has a price/earnings ratio of 24.60, a price/book ratio of 36.47, a price/earnings/growth (PEG) ratio of 1.73, an EV/Ebitda ratio of 18.94 and a price-to-sales ratio of 6.52.
The GF price-to-value ratio is 0.90, giving the stock a GF value rank of 6.
Microsoft Corp.
Mirae Asset Global Investments Co., Ltd. reduced its investment in NAS:MSFT by 5,089,018 shares. The transaction had an impact of 1.66% on the equity portfolio. During the quarter, the stock traded at an average price of $271.76.
On 7/26/2022, Microsoft Corp traded at a price of $251.9 per share and a market capitalization of $1,883.97 billion. The stock has returned -12.02% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Microsoft Corp has a price/earnings ratio of 26.29, a price/book ratio of 11.57, a price/earnings/growth (PEG) ratio of 1.25, an EV/Ebitda ratio of 18.68 and a price-to-sales ratio of 9.88.
The GF price/value ratio is 0.82, giving the stock a GF value rank of 7.
Amazon.com Inc.
Mirae Asset Global Investments Co., Ltd. reduced its investment in NAS:AMZN by 6,351,738 shares. The transaction had an impact of 1.1% on the equity portfolio. During the quarter, the stock traded at an average price of $125.67.
On 7/26/2022, Amazon.com Inc traded at a price of $114.81 per share and a market capitalization of $1,168.12 billion. The stock has returned -37.94% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, Amazon.com Inc has a price/earnings ratio of 55.42, a price/book ratio of 8.77, a price/earnings/growth (PEG) ratio of 1.32, an EV/ Ebitda of 20.17. and a price-to-sales ratio of 2.46.
The GF price-to-value ratio is 0.60, giving the stock a GF value rank of 8.
Cameco Corporation
The guru sold his investment of 34,137,376 shares in NYSE:CCJ. Previously, the stock had a weighting of 1.06% in the equity portfolio. The shares traded at an average price of $25.31 during the quarter.
On 7/26/2022, Cameco Corp traded at a price of $23.12 per share and a market capitalization of $9.14 billion. The stock has returned 33.46% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Cameco Corp has a price-to-book ratio of 2.42, an EV/Ebitda ratio of 62.39 and a price-to-sales ratio of 7.45.
The GF price/value ratio is 2.25, giving the stock a GF value rank of 1.
Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.
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