2026년 2월 18일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Exploring the Strategic Moves of a Renowned Value Investor
HOTCHKIS & WILEY recently submitted the 13F filing for the fourth quarter of 2025, providing insights into their investment moves during this period. Incepted in Los Angeles in 1980, Hotchkis and Wiley has focused exclusively on finding and owning undervalued companies that have a significant potential for appreciation. Hotchkis and Wiley are value investors focusing on important investment parameters such as a company's tangible assets, sustainable cash flow, and potential for improving business performance.
Warning! GuruFocus has detected 2 Warning Signs with BABA. Is WDAY fairly valued? Test your thesis with our free DCF calculator.Warner Bros. Discovery Inc: A Key Exit in HOTCHKIS & WILEY's Latest 13F Filing
Summary of New Buy
HOTCHKIS & WILEY added a total of 6 stocks, among them:
The most significant addition was Huntington Bancshares Inc (NASDAQ:HBAN), with 749,919 shares, accounting for 0.04% of the portfolio and a total value of $13.01 million. The second largest addition to the portfolio was The Magnum Ice Cream Co NV (NYSE:MICC), consisting of 581,506 shares, representing approximately 0.03% of the portfolio, with a total value of $9.22 million. The third largest addition was Zions Bancorp NA (NASDAQ:ZION), with 154,540 shares, accounting for 0.03% of the portfolio and a total value of $9.05 million.
Key Position Increases
HOTCHKIS & WILEY also increased stakes in a total of 210 stocks, among them:
The most notable increase was Mondelez International Inc (NASDAQ:MDLZ), with an additional 5,257,150 shares, bringing the total to 5,531,030 shares. This adjustment represents a significant 1,919.51% increase in share count, a 0.85% impact on the current portfolio, with a total value of $297.74 million. The second largest increase was Comcast Corp (NASDAQ:CMCSA), with an additional 6,893,600 shares, bringing the total to 27,768,597. This adjustment represents a significant 33.02% increase in share count, with a total value of $830.00 million.
Summary of Sold Out
HOTCHKIS & WILEY completely exited 20 holdings in the fourth quarter of 2025, as detailed below:
Warner Bros. Discovery Inc (NASDAQ:WBD): HOTCHKIS & WILEY sold all 18,344,401 shares, resulting in a -1.11% impact on the portfolio. Warner Bros. Discovery Inc (NASDAQ:WBD): HOTCHKIS & WILEY liquidated all 18,344,401 shares, causing a -1.11% impact on the portfolio.
Key Position Reduces
HOTCHKIS & WILEY also reduced positions in 207 stocks. The most significant changes include:
Reduced Cummins Inc (NYSE:CMI) by 373,096 shares, resulting in a -29.46% decrease in shares and a -0.49% impact on the portfolio. The stock traded at an average price of $468.09 during the quarter and has returned 31.20% over the past 3 months and 16.69% year-to-date. Reduced Alphabet Inc (NASDAQ:GOOGL) by 623,685 shares, resulting in a -30.52% reduction in shares and a -0.47% impact on the portfolio. The stock traded at an average price of $286.38 during the quarter and has returned 6.03% over the past 3 months and -3.51% year-to-date.
Story Continues
Portfolio Overview
At the fourth quarter of 2025, HOTCHKIS & WILEY's portfolio included 465 stocks, with top holdings including 4.34% in Workday Inc (NASDAQ:WDAY), 4.17% in F5 Inc (NASDAQ:FFIV), 2.66% in Citigroup Inc (NYSE:C), 2.66% in Telefonaktiebolaget L M Ericsson (NASDAQ:ERIC), and 2.62% in American International Group Inc (NYSE:AIG).Warner Bros. Discovery Inc: A Key Exit in HOTCHKIS & WILEY's Latest 13F Filing
The holdings are mainly concentrated in all 11 industries: Financial Services, Technology, Healthcare, Industrials, Energy, Consumer Cyclical, Communication Services, Consumer Defensive, Utilities, Basic Materials, and Real Estate.Warner Bros. Discovery Inc: A Key Exit in HOTCHKIS & WILEY's Latest 13F Filing
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