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Sally Jones
Sally Jones
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First Quarter Sells - Larry Robbins Unloads Large Positions

May 20, 2013 | About:

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. (NYSE:HPQ) for 2.9 million shares, Cardinal Health Inc. (NYSE:CAH) for 3.4 million shares and Sirius XM Radio Inc. (NASDAQ:SIRI) for 10 million shares. Here are Glenview Capital's first quarter 2013 sell out details:

Sold Out: Cardinal Health Inc. (NYSE: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. (NYSE: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 (NASDAQ: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. (NASDAQ: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. (NYSE: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.







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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."

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