GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

First Quarter Sells - Larry Robbins Unloads Large Positions

May 20, 2013 | About:
Sally Jones

Sally Jones

49 followers
Guru Larry Robbins of Glenview Capital Management, the vocal activist investor, did some major selling as of March 31, 2013. Robbins unloaded some concentrated bets like long-held Hewlett-Packard Co. (HPQ) for 2.9 million shares, Cardinal Health Inc. (CAH) for 3.4 million shares and Sirius XM Radio Inc. (SIRI) for 10 million shares. Here are Glenview Capital's first quarter 2013 sell out details:

Sold Out: Cardinal Health Inc. (CAH) – Medical Distribution


Larry Robbins sold out his position with CAH, as of March 31, 2013. He sold a little more than 3.4 million shares at an average price of $44.53 per share, for an 8% gain. According to GuruFocus research, Robbins held CAH for 10 quarters; his highest gain was the second quarter of 2008 for 24.4%. This trade impacts his portfolio by -2%.

The current share price is $48.11 compared to valuations over the years:

1369077844271.pngCAH data by GuruFocus.com

Hewlett-Packard Co. (HPQ) – Computer Systems

Larry Robbins also sold out his position with HPQ, as of March 31, 2013. He sold 2.9 million shares at an average price of $18.60 per share, for a 13.9% gain. According to GuruFocus research, Robbins held HPQ for thirteen quarters; his highest gain was in the first quarter of 2010 for 58.5%. This trade impacts his portfolio by -0.58%.

The current share price is $21.18 compared to valuations over the years:

1369077914780.pngHPQ data by GuruFocus.com

Ctrip.com International (CTRP) - Lodging

Larry Robbins also sold out his position with CTRP, as of March 31, 2013. He sold around 1.5 million shares at an average price of $21.28 per share, for a 49.6% gain. Robbins held CTRP for only two quarters; his highest gain was in the fourth quarter of 2012 for 63%. This trade impacts his portfolio by -0.48%.

The current share price is $31.84 compared to valuations over the years:

1369077974983.pngCTRP data by GuruFocus.com

Sirius XM Radio Inc. (SIRI) – Broadcasting - Radio

Larry Robbins also sold out his position with SIRI, as of March 31, 2013. He sold 10 million shares at an average price of $3.13 per share, for a 12.1% gain. Robbins held SIRI for four quarters; his highest gain was in the second quarter of 2012 for 71.2%. This trade impacts his portfolio by -0.41%.

The current share price is $3.51 compared to valuations over the years:

1369078031242.pngSIRI data by GuruFocus.com

Sensata Technologies Holding N.V. (ST) – Electronic Components

Larry Robbins also sold out his position with ST, as of March 31, 2013. He sold 245,100 shares at an average price of $33.15 per share, for a gain of 11.2%. Robbins held ST for three quarters; his highest gain was in the third quarter of 2012 for 24.7%. This trade impacts his portfolio by -0.11%.

The current share price is $36.87 compared to valuations over the years:

1369078165708.pngST data by GuruFocus.com

Guru Larry Robbins of Glenview Capital Management shows 60 stocks, 11 of them new in his updated portfolio with a total value of $9.5 billion. The fund’s quarter-over-quarter turnover is 18%. Founded in 2000, Glenview Capital Management is based in New York.







If you are not yet a Premium Member, we invite you for a 7-day Free Trial.

Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 3.1/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK