Jeremy Grantham (Trades, Portfolio) of GMO LLC reduced more than 200 stakes in the first quarter. His top six reductions brought prices that exceeded their present value, according to the DCF Calculator.
In the guru’s most significant trade of the quarter, Grantham trimmed his stake in Charter Communications Inc. (NASDAQ:CHTR), a telecommunications and mass media company based in Stamford, Connecticut, by more than 60%. The guru sold 2,844,796 shares for an average price of $198.44 per share. The deal had a -2.07% impact on Grantham’s portfolio. Continue Reading »