Insight into Jefferies Group (Trades, Portfolio)'s Latest 13F Filing and Its Significant Portfolio Adjustments
Jefferies Group (Trades, Portfolio), under the leadership of CEO Richard Handler since the acquisition of Leucadia National in 2013, has made notable changes in its investment portfolio in the third quarter of 2024. Known for its value investing strategy, Jefferies focuses on acquiring distressed companies at a discount, revitalizing them, and achieving profitable exits. The firm operates across diverse sectors including investment banking, healthcare, real estate, and more, aiming to buy essential goods and services providers without overpaying.
Summary of New Buys
Jefferies Group (Trades, Portfolio) expanded its portfolio by adding 358 new stocks. Noteworthy new acquisitions include:
- iShares MSCI Taiwan ETF (EWT, Financial) with 1,250,000 shares, making up 0.5% of the portfolio, valued at $67.6 million.
- ConocoPhillips (COP, Financial) with 400,224 shares, representing 0.31% of the portfolio, valued at $42.1 million.
- Immunome Inc (IMNM, Financial) with 1,875,892 shares, accounting for 0.2% of the portfolio, valued at $27.4 million.
Key Position Increases
Jefferies Group (Trades, Portfolio) significantly increased its stakes in several companies, including:
- Apple Inc (AAPL, Financial), adding 1,575,568 shares, resulting in a total of 1,923,632 shares. This 452.67% increase in shares now represents 2.7% of the portfolio, with a total value of $448.2 million.
- NVIDIA Corp (NVDA, Financial), with an additional 1,422,887 shares, bringing the total to 1,699,431 shares. This 514.52% increase in shares is valued at $206.4 million.
Summary of Sold Out Positions
Jefferies Group (Trades, Portfolio) exited 320 positions in this quarter, including:
- Golar LNG Ltd (GLNG, Financial), selling all 4,900,000 shares, impacting the portfolio by -1.7%.
- Six Flags Entertainment Corp (FUN, Financial), liquidating 953,859 shares, with a -0.57% portfolio impact.
Key Position Reductions
Reductions were made in 276 stocks, with significant cuts in:
- Visa Inc (V, Financial), reducing 190,348 shares, a 44.54% decrease, impacting the portfolio by -0.55%. The stock traded at an average price of $270.36 during the quarter.
- Geron Corp (GERN, Financial), cutting 10,333,465 shares, a 51.59% reduction, impacting the portfolio by -0.48%. The stock's price averaged $4.55 during the quarter.
Portfolio Overview
As of the third quarter of 2024, Jefferies Group (Trades, Portfolio)'s portfolio included 1,265 stocks. Top holdings were 4.58% in SPDR S&P 500 ETF Trust (SPY, Financial), 3.3% in Apple Inc (AAPL, Financial), and 1.52% in NVIDIA Corp (NVDA, Financial). The portfolio is well-diversified across all 11 industries, with significant positions in Healthcare, Technology, and Financial Services.
This detailed analysis of Jefferies Group (Trades, Portfolio)'s latest 13F filing highlights strategic investment decisions that could influence market trends and investor strategies. The significant increase in Apple Inc shares and the exit from Golar LNG Ltd are particularly noteworthy, reflecting the group's adaptive and strategic portfolio management in response to changing market conditions.
This 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.
