David Carlson Trims Allergan, Charles Schwab Positions

Guru's largest sales of the 4th quarter

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Feb 05, 2020
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David Carlson (Trades, Portfolio), how manages the Elfun Trusts, sold shares of the following stocks during the fourth quarter.

Allergan PLC

The guru trimmed his Allergan PLC (AGN, Financial) position by 45.7%. The portfolio was impacted by -1.51%.

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The pharmaceutical company has a market cap of $63 billion and an enterprise value of $81.6 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -14.67% and return on assets of -9.32% are underperforming 67% of companies in the drug manufacturers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.2 is below the industry median of 0.93.

The largest guru shareholder of the company is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 1.10% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio) with 1.08 % and John Paulson (Trades, Portfolio) with 0.88%.

Charles Schwab

Carlson trimmed his Charles Schwab Corp. (SCHW, Financial) stake by 30.21%. The portfolio was impacted by -1.34%.

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The company, which is engaged in the brokerage, banking and asset management businesses, has a market cap of $58.68 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 16.53% and return on assets of 1.3% are outperforming 54% of companies in the capital markets industry. Its financial strength is rated 4 out of 10.

The largest guru shareholder of the company is Dodge & Cox with 7.15% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 2.36%, Al Gore (Trades, Portfolio) with 2.11% and Bill Nygren (Trades, Portfolio) with 0.73%.

Charter Communications

The investor reduced the Charter Communications Inc. (CHTR, Financial) holding by 30.21%. The portfolio was impacted by -1.34%.

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The American cable company has a market cap of $110.20 billion and an enterprise value of $195.87 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the return on equity of 4.86% is outperforming the sector, the return on assets of 1.14% is underperforming 53% of companies in the media – diversified industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is far below the industry median of 0.86.

The largest guru shareholder of the company is Dodge & Cox with 4.10% of outstanding shares, followed by Warren Buffett (Trades, Portfolio) with 2.53% and Nygren with 0.48%.

United Rentals

Carlson curbed his United Rentals Inc. (URI, Financial) position by 37.73%. The trade had an impact of -1.34% on the portfolio.

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The equipment rental company has a market cap of $11.41 billion and an enterprise value of $23.50 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 33.1% and return on assets of 6.24% are outperforming 67% of companies in the business services industry. Its financial strength is rated 3 out of 10 with a equity-asset ratio of 0.20.

The company's largest guru shareholders include Pioneer Investments (Trades, Portfolio) with 1.31% of outstanding shares, Carlson with 0.63%, Larry Robbins (Trades, Portfolio) with 0.56% and Andreas Halvorsen (Trades, Portfolio) with 0.54%.

Applied Materials

The guru reduced the Applied Materials Inc. (AMAT, Financial) position by 19.94%. The portfolio was impacted by -0.79%.

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The semiconductor manufacturer has a market cap of $58.4 billion and an enterprise value of $60.14 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 34.18% and return on assets of 14.52% are outperforming 90% of companies in the semiconductors industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.68 is below the industry median of 1.33.

The largest guru shareholder of the company is Chris Davis (Trades, Portfolio) with 1.68% of outstanding shares, followed by the Parnassus Endeavor Fund (Trades, Portfolio) with 0.58%, PRIMECAP Management with 0.54% and Al Gore (Trades, Portfolio) with 0.50%.

S&P Global

Carlson trimmed his position in S&P Global Inc. (SPGI, Financial) by 21.28%. The portfolio was impacted by -0.72%.

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The credit ratings and indexes provider has a market cap of $72.26 billion and an enterprise value of $74.60 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity pf 385.03% and return on assets of 21.39% are outperforming 94% of companies in the capital markets industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.47 is below the industry median of 2.66.

The largest guru shareholder of the company is Steve Mandel (Trades, Portfolio) with 0.71% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.58% and Nygren with 0.35%.

CME Group

The investor reduced the CME Group Inc. (CME, Financial) position by 9.65%. The portfolio was impacted by -0.34%.

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The company has a market cap of $75.80 billion and an enterprise value of $119 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 7.9% and return on assets of 2.75% are outperforming 67% of companies in the Capital Markets industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.03.

PRIMECAP Management is the largest guru shareholder of the company with 0.56% of outstanding shares, followed by Simons’ firm with 0.45% and Pioneer Investments with 0.34%.

Disclosure: I do not own any stocks mentioned.

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