Happy Birthday Univac 1
A brief tribute to the grandfather of computers, UNIVAC 1. The world's first commercially produced electronic digital computer, was unveiled ...
Invesco's High Conviction Q4 Undervalued Buys And Sells In Its $174 Billion 13 ...
Atlanta-based Invesco Ltd. ( IVZ ) is a global independent investment management company, with over $650 billion in assets under management, including $174.4 billion in 13-F assets at the end of Q4. Founded in 1935, it has over 600 investment professionals and serves individuals, typically high net worth individuals, via branch offices in over 20 countries. It operates under the brand names Invesco, Trimark, Invesco Perpetual, Atlantic Trust, WL Ross and Powershares.
Invesco's equity investments are in core, growth, and value stocks of small-cap, mid-cap and large-cap companies, and it employs a fundamental and quantitative analysis with a bottom-up stock picking approach to make its investments. Their 13-F portfolio is well-diversified into over 4,200 positions across all industries, with over two-thirds of its holdings in large-caps, another quarter in mid-caps, and the remaining 10% or so in small-cap equities.
We analyzed INVESCO's equity holdings in its Q4 13-F to determine its highest conviction bets, selecting the largest buys and sells in size, where the buy/sell is also a significant proportion of its prior quarter position in that company. Based on that analysis, the following are its high conviction bullish positions, that are also trading at a discount to the peers in their group (see Table):