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Livermore
Livermore
ZHEN

Pendal Group Limited

SEC CIK
0001541741
Latest filing
Jan 19, 2023

The latest 13F from Pendal Group Limited covers Q4 2022 (filed Jan 19, 2023): 490 long positions worth $11.6B. The top 10 holdings make up 25.2% of the portfolio, and the largest is Unilever PLC (UL) at 4.4%. Livermore has 9 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2022

Share counts compared with Q3 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
101
Est. +$418.2M
Added
183
Est. +$858.8M
Reduced
190
Est. −$934.6M
Sold out
58
Est. −$209.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. ULUnilever PLC
    4.4%$508.6MHistory
  2. HSICHenry Schein Inc
    2.9%$334.2MHistory
  3. TSTenaris SA
    2.6%$298.3MHistory
  4. SHELShell plc
    2.4%$272.8MHistory
  5. APTVAptiv PLC
    2.3%$266.5MHistory

Share of portfolio

Top 5 holdings and the other 485 positions, by share of portfolio value

  1. UL4.4%
  2. HSIC2.9%
  3. TS2.6%
  4. SHEL2.4%
  5. APTV2.3%
  6. Other 485 positions85.5%

Biggest buys

New and added positions, by estimated amount bought

  1. ULUnilever PLC
    +$228.4MAddedHistory
  2. RIORio Tinto PLC
    +$183.8MNewHistory
  3. First Rep BK San Francisco C33616C100
    +$75.6MNew
  4. UNHUnitedHealth Group Inc
    +$74.0MAddedHistory
  5. AMCRAmcor plc
    +$62.4MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ULUnilever PLC
    +2.00 pp2.4% → 4.4%History
  2. RIORio Tinto PLC
    +1.59 pp0.0% → 1.6%History
  3. First Rep BK San Francisco C33616C100
    +0.65 pp0.0% → 0.7%
  4. UNHUnitedHealth Group Inc
    +0.58 pp0.9% → 1.5%History
  5. AMCRAmcor plc
    +0.54 pp<0.1% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. TSTenaris SA
    −$154.1MReducedHistory
  2. TSMTaiwan Semiconductor Manufacturing Co Ltd
    −$91.2MReducedHistory
  3. NVSTEnvista Holdings Corp
    −$74.2MSold outHistory
  4. CTLTCatalent, Inc.
    −$73.0MSold outHistory
  5. FERGFerguson Enterprises Inc.
    −$54.6MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NVSTEnvista Holdings Corp
    −0.72 pp0.7% → 0.0%History
  2. CTLTCatalent, Inc.
    −0.71 pp0.7% → 0.0%History
  3. TSTenaris SA
    −0.61 pp3.2% → 2.6%History
  4. ACNAccenture plc
    −0.54 pp2.8% → 2.3%History
  5. FISFidelity National Information Services, Inc.
    −0.51 pp1.5% → 1.0%History

Metrics

13F metrics for Q4 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$11.6B
+$1.31B (+12.7%) vs. prior quarter
Positions
490
+43 vs. prior quarter
Top 10 concentration
25.2%
Top 10 as share of value
Turnover
10.5%
Q4 2022, one quarter
Average holding period
6.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $12.5B (Q4 2021)

Q1 2021: $10.2BQ2 2021: $10.9BQ3 2021: $12.1BQ4 2021: $12.5BQ1 2022: $12.2BQ2 2022: $10.1BQ3 2022: $10.3BQ4 2022: $11.6B
Q1 2021Q4 2022
13F filings of Pendal Group Limited by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2022Jan 19, 2023490$11.6BULHSICTSvs. Q3 2022SEC
Q3 2022Oct 18, 2022447$10.3BTSHSICACNvs. Q2 2022SEC
Q2 2022Jul 25, 2022447$10.1BACNTSICLRvs. Q1 2022SEC
Q1 2022Apr 25, 2022483$12.2BNXPISPGIACNvs. Q4 2021SEC
Q4 2021Jan 18, 2022536$12.5BNXPIINFOACNvs. Q3 2021SEC
Q3 2021Nov 5, 2021566$12.1BINFOAPTVACNvs. Q2 2021SEC
Q2 2021Jul 28, 2021546$10.9BINFOACNAPTVvs. Q1 2021SEC
Q1 2021May 24, 2021Amended528$10.2BINFOORCLACN–SEC

13D and 13G filings

Companies where Pendal Group Limited reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Pendal Group Limited does not currently report owning 5% or more of any company.

Latest filings

5 filings on file made by Pendal Group Limited or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Pendal Group Limited
CompanyFiled (ET)FormStakeChangeEvent dateFiling
TDCX Inc.Feb 15, 202313GOld format–New–SEC
GXOGXO Logistics, Inc.Feb 15, 202313GOld format–New–SEC
BLKBlackRock, Inc.Feb 13, 202313GOld format–New–SEC
PUBMPubMatic, Inc.Jan 21, 202113GOld format–New–SEC
MOMOHello Group Inc.Jan 21, 202113GOld format–New–SEC