GILDER GAGNON HOWE & CO LLC recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
Gilder Gagnon Howe & Co is an investment management company based out of New York. The company was founded in 1968 as R. Gilder & Co with 50 employees and $25 million under management. The company had a rough start, losing many employees and much of its managed assets, but would recover by the mid-1970s. The company would then grow during the two decades of bull markets beginning in the 1980s, also encountering another obstacle during the crash of 1987. By 1991, Gilder Gagnon Howe & Co would have over $1 billion in total assets under management and would focus on investing in Asia and the online revolution, bringing its total assets under management to over $11 billion by 1999. The company would again be hit hard by the technology bubble burst in the early 2000s and financial crisis of 2008, emerging with $4.5 billion in assets. Gilder Gagnon Howe & Co has slowly recovered and currently has 77 employees with 26 of them being investment professionals. The company conducts its research both internally and externally utilizes fundamental, technical, and quantitative analysis to make its investment decisions. Gilder Gagnon Howe & Co invests most heavily in the information technology, health care, and consumer technology sectors, which each make up over a quarter of its total allocated assets, and also invests in a variety of sectors to a lesser degree including transports and finance. The company currently has $5.5 billion in total assets under management spread across almost 8,000 accounts with all but 241 of these accounts being discretionary, which makes up only $285 million of its total managed assets. Both its total number of accounts and total assets under management have been somewhat volatile in recent years, with its total managed assets going as low as $4.2 billion and as high as $6.3 billion in the most recent five years.
As of the latest 13F report, the guru’s equity portfolio contained 249 stocks valued at a total of $5.61Bil. The top holdings were TSLA(9.90%), AMZN(4.54%), and SWAV(3.30%).
According to GuruFocus data, these were GILDER GAGNON HOWE & CO LLC’s top five trades of the quarter.
Shopify Inc
GILDER GAGNON HOWE & CO LLC reduced their investment in NYSE:SHOP by 1,864,409 shares. The trade had a 1.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $43.1.
On 08/15/2022, Shopify Inc traded for a price of $39.9705 per share and a market cap of $50.80Bil. The stock has returned -73.27% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Shopify Inc has a price-book ratio of 5.80, a EV-to-Ebitda ratio of -23.33 and a price-sales ratio of 10.15.
The price-to-GF Value ratio is 0.22, earning the stock a GF Value rank of 2.
Tesla Inc
GILDER GAGNON HOWE & CO LLC reduced their investment in NAS:TSLA by 94,021 shares. The trade had a 0.94% impact on the equity portfolio. During the quarter, the stock traded for an average price of $822.98.
On 08/15/2022, Tesla Inc traded for a price of $933.34 per share and a market cap of $976.01Bil. The stock has returned 30.30% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Tesla Inc has a price-earnings ratio of 112.57, a price-book ratio of 26.74, a EV-to-Ebitda ratio of 67.29 and a price-sales ratio of 15.87.
The price-to-GF Value ratio is 0.91, earning the stock a GF Value rank of 7.
Confluent Inc
GILDER GAGNON HOWE & CO LLC reduced their investment in NAS:CFLT by 2,146,743 shares. The trade had a 0.81% impact on the equity portfolio. During the quarter, the stock traded for an average price of $27.14.
On 08/15/2022, Confluent Inc traded for a price of $32.86 per share and a market cap of $9.30Bil. The stock has returned -38.89% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Confluent Inc has a price-book ratio of 11.64, a EV-to-Ebitda ratio of -19.60 and a price-sales ratio of 18.22.
Netflix Inc
GILDER GAGNON HOWE & CO LLC reduced their investment in NAS:NFLX by 234,153 shares. The trade had a 0.81% impact on the equity portfolio. During the quarter, the stock traded for an average price of $224.13.
On 08/15/2022, Netflix Inc traded for a price of $249.77 per share and a market cap of $111.38Bil. The stock has returned -51.46% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Netflix Inc has a price-earnings ratio of 22.25, a price-book ratio of 5.85, a price-earnings-to-growth (PEG) ratio of 0.79, a EV-to-Ebitda ratio of 6.00 and a price-sales ratio of 3.65.
The price-to-GF Value ratio is 0.40, earning the stock a GF Value rank of 4.
Cloudflare Inc
GILDER GAGNON HOWE & CO LLC reduced their investment in NYSE:NET by 575,423 shares. The trade had a 0.64% impact on the equity portfolio. During the quarter, the stock traded for an average price of $72.77.
On 08/15/2022, Cloudflare Inc traded for a price of $78.14 per share and a market cap of $25.85Bil. The stock has returned -35.16% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Cloudflare Inc has a price-book ratio of 44.51, a EV-to-Ebitda ratio of -160.86 and a price-sales ratio of 31.23.
The price-to-GF Value ratio is 0.72, earning the stock a GF Value rank of 8.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
