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Ceredex Value Advisors Portfolio holdings
AUM
$3.18B
1-Year Est. Return
35.23%
This Fund
S&P 500
This Quarter
Est. Return
+3.42%
1 Year Est. Return
+35.23%
3 Year Est. Return
+57.24%
5 Year Est. Return
+45.95%
10 Year Est. Return
–
AUM
$6.21B
AUM Growth
-$217M
(-3.4%)
Cap. Flow
-$396M
Cap. Flow
% of AUM
-6.37%
Top 10 Holdings %
Top 10 Hldgs %
18.94%
Holding
192
New
31
Increased
54
Reduced
68
Closed
38
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$82.7M |
| 2 |
Johnson & Johnson
JNJ
|
+$74.8M |
| 3 |
Raymond James Financial
RJF
|
+$65.7M |
| 4 |
Freeport-McMoran
FCX
|
+$64.2M |
| 5 |
IDEX
IEX
|
+$60.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zimmer Biomet
ZBH
|
+$118M |
| 2 |
BorgWarner
BWA
|
+$78.4M |
| 3 |
Marvell Technology
MRVL
|
+$57.1M |
| 4 |
Rexford Industrial Realty
REXR
|
+$56.7M |
| 5 |
Motorola Solutions
MSI
|
+$55.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 20.86% |
| 2 | Financials | 18.8% |
| 3 | Technology | 9.81% |
| 4 | Healthcare | 8.65% |
| 5 | Real Estate | 8.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Newmark Group
NMRK
$2.73B
| – | – |
-1,190,922
| Closed | -$8.43M |
|
177
Owens Corning
OC
$11.5B
| – | – |
-195,847
| Closed | -$18.9M |
|
178
Organon & Co
OGN
$3.55B
| – | – |
-443,372
| Closed | -$10.4M |
|
179
Pricesmart
PSMT
$5.75B
| – | – |
-83,327
| Closed | -$5.96M |
|
180
Patterson-UTI
PTEN
$3.87B
| – | – |
-972,800
| Closed | -$11.4M |
|
|
181
Rexford Industrial Realty
REXR
$8.8B
| – | – |
-944,850
| Closed | -$56.7M |
|
182
Reinsurance Group of America
RGA
$15.7B
| – | – |
-93,389
| Closed | -$12.4M |
|
183
RLI Corp
RLI
$5.68B
| – | – |
-179,876
| Closed | -$12M |
|
184
Rockwell Automation
ROK
$51.4B
| – | – |
-100,000
| Closed | -$29.3M |
|
185
Republic Services
RSG
$66.7B
| – | – |
-218,550
| Closed | -$29.7M |
|
186
SEI Investments
SEIC
$11.9B
| – | – |
-313,948
| Closed | -$18.1M |
|
187
SLM Corp
SLM
$4.58B
| – | – |
-982,678
| Closed | -$12.2M |
|
188
Target
TGT
$62.1B
| – | – |
-153,928
| Closed | -$25.5M |
|
189
US Bancorp
USB
$99.6B
| – | – |
-1,200,200
| Closed | -$43.8M |
|
190
Vulcan Materials
VMC
$36.3B
| – | – |
-181,651
| Closed | -$31.2M |
|
191
Voya Financial
VOYA
$8.94B
| – | – |
-167,662
| Closed | -$12M |
|
192
World Kinect Corp
WKC
$1.96B
| – | – |
-440,309
| Closed | -$11.2M |
|
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Ceredex Value Advisors's Q2 2023 Portfolio in Review
As of Q2 2023, Ceredex Value Advisors held 192 positions worth $6.21B, down 3.4% from $6.43B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Ceredex Value Advisors withdrew a net $396M in Q2 2023, closing 38 positions and reducing 68 holdings. Its most notable exit was BorgWarner, an estimated $78.4M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 21% of assets, up from 19% a quarter earlier, followed by Financials and Technology.
Against the trend, Ceredex Value Advisors opened a new position in FedEx worth $89.6M.
- Ceredex Value Advisors's largest Q2 2023 buy was FedEx: 361,574 shares worth $89.6M.
- Ceredex Value Advisors added most to Humana in Q2 2023, an estimated $58.8M increase.
- Ceredex Value Advisors's biggest Q2 2023 reduction was Zimmer Biomet, cutting an estimated $118M.
- Ceredex Value Advisors fully exited BorgWarner in Q2 2023, selling an estimated $78.4M.
- Ceredex Value Advisors's ten largest holdings make up 19% of its $6.21B portfolio in Q2 2023.
- Ceredex Value Advisors opened 31 new positions and closed 38 in Q2 2023.
- Ceredex Value Advisors's portfolio value fell 3.4% quarter-over-quarter to $6.21B.
Based on Ceredex Value Advisors's 13F filing for Q2 2023, filed 25 Jul 2023.