Goldman Sachs Investment Banking Pitch Book
Goldman
Sachs
Top 25 Owners of Ferdinand
Institution
Country
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
United States
Sweden
Loomis, Sayles & Co.
United States
Invesco Advisers, Inc.
United States
Fidelity Management & Research Company LLC United States
Janus Henderson Investors
England
United States
United States
United States
United States
United States
United States
Stone Point Capital LLC
Wasatch Global Investors Inc
Capital World
Vanguard
JP Morgan Asset Management
Black Rock Institutional Trust Co.
Darlington Partners Capital Management, LP.
MFS Investment Mgmt.
Macquarie Investment Management
Principal Global Investors (Equity)
Times Square Capital Management, LLC
State Street Global Advisors (US)
Geode Capital Management, L.L.C.
WCM Investment Management
Swedbank Robur Fonder AB
AUM
($bn)
19.0
538.3
4,577.2
457.2
2,729.7
1.4
396.3
98.1
154.7
8.6
1,848.3
873.0
51.3
97.5
57.6
256.1
1,154.0
200.0
104.4
281.4
3.9
311.7
385.4
82.9
Position Last Report
Entry Date¹ Date
Q2 '21
Q4 '18
Q3 '18
Q3'18
Q3 '18
Q4 '21
Q3 '20
Q3 '18
Q4 '20
Q3 '18
Q3 '18
Q3 '18
Q4 '19
Q4 '20
Q3 '20
Q3'18
Q4 '20
Q3 '18
Q3 '19
Q1 20
Q1 '20
Q3 '18
Q3'18
Q3 '18
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
31-Oct-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
30-Sep-2022
Cost
Basis
51.12
43.26
42.16
32.80
41.10
55.65
39.14
39.94
45.02
38.22
43.09
42.18
31.80
43.42
35.88
40.12
45.14
48.74
50.75
38.95
32.57
40.14
41.95
48.97
Q4 '22
$42.06
$ 43.10
Unrealized
Gain³
(28.1)%
(15.1)
(12.8)
12.1
(10.6)
(34.0)
(6.1)
(8.0)
(18.4)
(3.8)
(14.7)
(12.9)
15.6
(15.4)
2.4
(8.4)
(18.6)
(24.6)
(27.6)
(5.6)
12.9
(8.4)
(12.4)
(24.9)
% OS
11.9%
11.7
8.3
7.5
7.1
5.0
3.9
3.4
2.8
2.7
1.8
1.8
1.6
1.6
(12.6)%
(12.8)%
1.3
1.3
1.2
1.2
1.1
1.0
0.9
0.7
Shares
(mm)
7.8
7.6
5.5
0.7
0.7
82.7%
4.9
4.6
3.3
2.5
2.2
1.8
1.8
1.2
1.2
1.0
1.0
0.9
Victory Capital Management Inc.
Columbia Threadneedle (US)
Soros Fund Management, L.L.C.
Northern Trust Investments, Inc.
Charles Schwab Investment Management, Inc.
Voya Investment Management LLC
Total
Median
Weighted Average³
Note: Ownership based on Class A common stock outstanding.
*Quarter of the investors most recent position initiation in the security. Resets whenever the investor sells out completely.
² Calculated as the weighted average cost of current shares held based on quarterly VWAPs and all share purchases from Q1 '05- Q4 '22.
*Based on share price at market close on 12-Dc-2022.
4 Stone Point Capital's total current ownership of Ferdinand is -22%.
5 Weighted by number of shares held in Q4 '22.
0.9
0.8
0.8
0.8
0.7
0.7
0.6
0.5
0.5
0.5
Q3 '22
7.8
7.6
5.5
4.9
4.6
3.3
2.5
22
1.8
1.8
1.2
1.2
1.0
1.0
0.9
0.9
0.8
0.8
0.8
0.7
0.7
0.6
0.5
0.5
0.5
54.1
54.0
Q2 '22
7.8
6.9
5.5
4.9
4.7
3.3
22
2.0
1.0
1.7
1.4
1.2
1.0
1.0
0.9
0.9
0.7
0.8
0.8
1.1
0.6
0.6
0.5
0.4
0.5
52.3
Q1 '22
7.8
6.1
5.5
4.8
45
3.5
1.9
1.0
0.5
1.3
1.2
1.2
1.0
1.0
0.8
0.9
0.8
0.7
0.7
1.6
0.7
0.6
0.5
Historical Positions
(Shares in mm)
0.4
0.6
INVESTMENT BANKING
DIVISION
49.6
Q4 '21
7.8
6.2
5.5
4.2
3.3
1.9
1.0
0.5
1.1
1.3
1.2
1.1
0.9
0.7
0.9
0.9
0.8
0.7
1.3
0.6
0.6
0.5
0.4
0.3
CONFIDENTIAL
48.1
Q3 21
7.8
3.3
4.0
4.2
4.5
3.2
1.5
0.5
0.9
1.1
1.1
1.0
0.9
0.9
1.0
0.6
0.5
1.7
0.6
0.8
0.5
0.4
0.5
42.7
Q2 '21 Q1 '21
7.8
7.8
3.3
4.0
45
4.8
2.9
1.5
0.5
1.1
0.9
1.0
0.9
1.0
0.8
0.9
1.0
0.6
0.6
0.5
0.5
0.8
0.5
0.3
0.5
41.2
2.5
3.2
4.6
2.5
1.5
0.1
0.7
1.0
0.7
0.7
0.9
0.8
1.0
0.8
0.5
0.5
0.6
0.4
0.7
0.4
0.3
0.0
32.0
12View entire presentation