As the CIO of AFAM Capital, it would be logical for John Buckingham (Trades, Portfolio) to have the same fondness for ETFs as his employers – and, in fact, ETFs figured in many of his most prominent third-quarter transactions.
Buckingham’s most significant trade in the third quarter was the reduction of his stake in Activision Blizzard Inc. (ATVI, Financial), a Santa Monica, Calif.-based video game company, by more than 96%.
Buckingham sold 323,624 shares for an average price of $27.81 per share. The transaction had a -1.04% impact on his portfolio.
Activision Blizzard has a market cap of $25.29 billion and an enterprise value of $24.85 billion. It has a P/E of 23, a forward P/E of 22, a P/B of 3.2 and a P/S of 5.2. GuruFocus has given Activision Blizzard a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
PRIMECAP Management (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), Caxton Associates (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) have shares of Activision Blizzard in their portfolios.
Activision Blizzard sold for $34.59 per share late Friday.
Buckingham also reduced his stake in Royal Caribbean Cruises Ltd. (RCL, Financial), a Miami-based cruise company, by more than one-third. Buckingham sold 49,177 shares for an average price of $87.75 per share. The deal had a -0.51% impact on his portfolio.
Royal Caribbean has a market cap of $21.01 billion and an enterprise value of $29.35 billion. It has a P/E of 37.2, a forward P/E of 15.6, a P/B of 2.5 and a P/S of 2.6. GuruFocus has given Royal Caribbean a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
PRIMECAP Management (Trades, Portfolio), James Barrow (Trades, Portfolio), John Rogers (Trades, Portfolio), Donald Smith (Trades, Portfolio), Ken Heebner (Trades, Portfolio), Meridian Funds (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Stanley Druckenmiller (Trades, Portfolio), Murray Stahl (Trades, Portfolio), Caxton Associates (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Royal Caribbean in their portfolios.
Late Friday Royal Caribbean sold for $95.5 per share.
Buckingham bought five new stakes in the third quarter – iShares MSCI Sweden Index (ETF) [EWD], General Motors Co. (GM, Financial), National Oilwell Varco Inc. (NOV, Financial), Quality Systems Inc. (QSII, Financial) and Stage Stores Inc. (SSI, Financial).
Buckingham acquired 179,110 shares of iShares MSCI Sweden Index for an average price of $30.96 per share. The acquisition had a 0.79% impact on Buckingham’s portfolio.
Late Saturday iShares MSCI Sweden Index sold for $29.17 per share.
Buckingham acquired a 154,338-share stake in General Motors, a Detroit-based automotive company, for an average price of $30.63 per share. The transaction had a 0.71% impact on Buckingham’s portfolio.
General Motors has a market cap of $53.39 billion and an enterprise value of $87.83 billion. It has a P/E of 12.6, a forward P/E of 6.4, a P/B of 1.6 and a P/S of 0.4. GuruFocus has given General Motors a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Warren Buffett (Trades, Portfolio), HOTCHKIS & WILEY, David Einhorn (Trades, Portfolio), David Tepper (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Larry Robbins (Trades, Portfolio), Brian Rogers (Trades, Portfolio), NWQ Managers (Trades, Portfolio), Leon Cooperman (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Third Avenue Management (Trades, Portfolio), RS Investment Management (Trades, Portfolio), Martin Whitman (Trades, Portfolio), Steven Cohen (Trades, Portfolio), George Soros (Trades, Portfolio), Arnold Van Den Berg (Trades, Portfolio), Richard Snow (Trades, Portfolio), Robert Olstein (Trades, Portfolio), Donald Smith (Trades, Portfolio), Michael Price (Trades, Portfolio), Mario Gabelli (Trades, Portfolio), Kyle Bass (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Jeff Auxier (Trades, Portfolio), Louis Moore Bacon (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio), David Dreman (Trades, Portfolio), Murray Stahl (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) have shares of General Motors in their portfolios.
General Motors sold for $34.31 late Friday.
Buckingham purchased a 120,371-share stake in National Oilwell Varco, a Houston-based oilfield services and equipment company, for an average price of $40.9 per share. The deal had a 0.69% impact on Buckingham’s portfolio.
National Oilwell Varco has a market cap of $14.03 billion and an enterprise value of $16.24 billion. It has a P/E of 11.3, a forward P/E of 21.2, a P/B of 0.8 and a P/S of 0.9. GuruFocus has given National Oilwell Varco a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Dodge & Cox, First Eagle Investment (Trades, Portfolio), David Rolfe (Trades, Portfolio), Mason Hawkins (Trades, Portfolio), Bill Nygren (Trades, Portfolio), Sarah Ketterer (Trades, Portfolio), Larry Robbins (Trades, Portfolio), John Rogers (Trades, Portfolio), PRIMECAP Management (Trades, Portfolio), Bruce Berkowitz (Trades, Portfolio), Tom Gayner (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Robert Olstein (Trades, Portfolio), Tweedy Browne (Trades, Portfolio), John Hussman (Trades, Portfolio), Manning & Napier Advisors Inc., Jeremy Grantham (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) have shares of National Oilwell Varco in their portfolios.
Late Friday National Oilwell Varco sold for $37.33 per share.
Buckingham sold eight existing stakes. The most noteworthy was Market Vectors Russia ETF (RSX, Financial). Buckingham sold his 305,900-share stake for an average price of $16.49 per share. The divestiture had a -0.74% impact on his portfolio.
Market Vectors Russia ETF sold for $16.09 per share Saturday.
Buckingham also sold his 49,603-share stake in Energy Select Sector SPDR (ETF) [XLE] for an average price of $67.46 per share. The transaction had a -0.5% impact on Buckingham’s portfolio.
Jim Simons (Trades, Portfolio) and Ken Fisher (Trades, Portfolio) have shares of Energy Select Sector SPDR in their portfolios.
Energy Select Sector SPDR sold for $65.98 per share Saturday.
Buckingham sold his 47,566-share stake in Foot Locker Inc. (FL, Financial), a New York-based footwear and sportswear company, for an average price of $71.18 per share. The deal had a -0.42% impact on Buckingham’s portfolio.
Foot Locker has a market cap of $8.09 billion and an enterprise value of $7.25 billion. It has a P/E of 14.6, a forward P/E of 13.5, a P/B of 3.1 and a P/S of 1.2. GuruFocus has given Foot Locker a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Joel Greenblatt (Trades, Portfolio), First Pacific Advisors (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), FPA Capital Fund (Trades, Portfolio), Scott Black (Trades, Portfolio), Steven Cohen (Trades, Portfolio), Pioneer Investments (Trades, Portfolio), Ray Dalio (Trades, Portfolio), John Keeley (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) have shares of Foot Locker in their portfolios.
Late Friday Foot Locker sold for $58.04 per share.
Buckingham added 260,862 shares to his stake in iShares MSCI Singapore Index Fund (ETF) [EWS] at an average price of $11.37 per share. The purchase had a 0.4% impact on Buckingham’s portfolio.
Louis Moore Bacon (Trades, Portfolio) also has shares of iShares MSCI Singapore Index Fund in his portfolio.
Late Saturday iShares MSCI Singapore Index Fund sold for $10.54 per share.
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