WCM Investment Management LLC, a California-based investment management firm, has been making changes to its portfolio during the fourth quarter of 2021. According to recent reports, the firm has increased its position in MSCI Inc. by 4.7%, boosting its stake in the company to over 3 million shares. MSCI is a provider of investment decision support tools, including indices and analytics, and has seen strong growth in recent years as investors seek out new opportunities in the market.
In addition to MSCI, WCM Investment Management has also boosted its stake in McKesson Co. by 6.1%, adding over 200,000 shares to its holdings. McKesson is a healthcare services and information technology company that has seen increased demand for its products and services during the pandemic.
While WCM Investment Management has been increasing its position in some companies, it has also been trimming its holdings in others. The firm reduced its position in Old Dominion Freight Line, Inc. by 28.0% during the fourth quarter, according to recent reports. Old Dominion is a less-than-truckload shipping company that has seen strong growth in recent years thanks to increased demand for its services.
WCM Investment Management also lessened its holdings in AstraZeneca PLC by 3.6% during the fourth quarter. AstraZeneca is a pharmaceutical company that has been developing and distributing COVID-19 vaccines around the world.
In addition to these changes, WCM Investment Management has decreased its stake in EMCOR Group, Inc. by 17.3% during the fourth quarter. EMCOR is a provider of mechanical and electrical construction services, and has seen steady growth in recent years thanks to increasing demand for its services.
Finally, the most recent Form 13F filing from Eaton Vance Management revealed that WCM Investment Management has been making changes to its portfolio in recent months. The filing showed that WCM Investment Management had decreased its stake in several companies, including Novo Nordisk A/S, while increasing its position in others, such as MSCI Inc. and McKesson Co.
WCM Investment Management, based in Laguna Beach, California, has been in business for over 40 years and manages over $40 billion in assets. The firm almost went out of business a decade ago due to a string of bad stock picks, but has since rebounded and is now considered one of the top investment management firms in the country.
In other news, Natixis Investment Managers recently announced that several of its affiliate funds, including those managed by WCM, AlphaSimplex, Loomis Sayles, and Harris, had earned top honors in the 2023 US Refinitiv Lipper Fund Awards. The awards recognize funds that have achieved superior performance over the past three years, and are highly coveted in the investment management industry.
Overall, WCM Investment Management's recent changes to its portfolio reflect the firm's ongoing efforts to identify new opportunities in the market and position itself for future growth. While some holdings have been trimmed or reduced, others have been increased or added, indicating a balanced approach to portfolio management. Investors should keep an eye on WCM Investment Management's future moves, as the firm's decisions could have a significant impact on the companies in which it invests.