Insights into the Fourth Quarter 2024 Investment Moves

Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) recently submitted their 13F filing for the fourth quarter of 2024, offering a glimpse into their strategic investment decisions. The firm, led by Executive Director Mr. Barrow, is renowned for its disciplined value investing approach. Based in Dallas, Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) manages the Vanguard Windsor II and Selected Value Funds, achieving an impressive average annual return of 9.33% over a decade ending March 2010, despite market downturns. Their portfolios consistently feature below-market price-to-earnings and price-to-book ratios, coupled with above-market dividend yields, reflecting their commitment to value investing principles.

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Summary of New Buy

Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) added a total of 29 stocks to their portfolio, with notable additions including:

• The most significant addition was Permian Resources Corp (NYSE:PR), with 30,019,205 shares, accounting for 1.5% of the portfolio and a total value of $431.68 million.
• The second largest addition was NICE Ltd (NASDAQ:NICE), consisting of 1,847,670 shares, representing approximately 1.09% of the portfolio, with a total value of $313.81 million.
• The third largest addition was SLM Corp (NASDAQ:SLM), with 5,092,179 shares, accounting for 0.49% of the portfolio and a total value of $140.44 million.

Key Position Increases

Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) also increased stakes in a total of 71 stocks, with significant increases in:

• Keurig Dr Pepper Inc (NASDAQ:KDP), with an additional 8,363,192 shares, bringing the total to 21,219,771 shares. This adjustment represents a significant 65.05% increase in share count, a 0.93% impact on the current portfolio, and a total value of $681.58 million.
• Microchip Technology Inc (NASDAQ:MCHP), with an additional 3,912,895 shares, bringing the total to 5,345,096. This adjustment represents a significant 273.21% increase in share count, with a total value of $306.54 million.

Summary of Sold Out

Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) completely exited 33 holdings in the fourth quarter of 2024, including:

• Vertiv Holdings Co (NYSE:VRT): Sold all 6,891,883 shares, resulting in a -2.24% impact on the portfolio.
• Aptiv PLC (NYSE:APTV): Liquidated all 7,496,242 shares, causing a -1.76% impact on the portfolio.

Key Position Reduces

Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio) also reduced positions in 119 stocks, with significant changes including:

• Reduced Broadcom Inc (NASDAQ:AVGO) by 2,461,392 shares, resulting in a -90.75% decrease in shares and a -1.39% impact on the portfolio. The stock traded at an average price of $185.23 during the quarter and has returned 33.16% over the past 3 months and 0.94% year-to-date.
• Reduced Stanley Black & Decker Inc (NYSE:SWK) by 2,142,089 shares, resulting in a -100% reduction in shares and a -0.77% impact on the portfolio. The stock traded at an average price of $92.47 during the quarter and has returned -1.92% over the past 3 months and 5.89% year-to-date.

Portfolio Overview

As of the fourth quarter of 2024, Barrow, Hanley, Mewhinney & Strauss (Trades, Portfolio)'s portfolio included 323 stocks. The top holdings were 3.12% in Carnival Corp (NYSE:CCL), 2.91% in Entergy Corp (NYSE:ETR), 2.66% in Air Products & Chemicals Inc (NYSE:APD), 2.66% in Enbridge Inc (NYSE:ENB), and 2.6% in Fidelity National Information Services Inc (NYSE:FIS).

The holdings are mainly concentrated in 11 industries: Financial Services, Technology, Energy, Industrials, Consumer Cyclical, Healthcare, Basic Materials, Utilities, Real Estate, Communication Services, and Consumer Defensive.

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.

This article first appeared on GuruFocus.