John Burbank (Trades, Portfolio) sold many stocks during the third quarter. Some of them brought him some profits, but he lost on other investments. His biggest quarterly losses were 31%, 29% and 27% on E-Commerce China Dangdang Inc. (DANG), Sohu.com Inc. (SOHU) and Autohome Inc. (ATHM).
Burbank is the chief investment officer of Passport Capital LLC, the global investment firm he founded in 2000. The firm employs top-down macroeconomics to achieve risk-adjusted returns.
E-Commerce China Dangdang Inc.
The guru initiated a position in this company at $9.41 per share in the second quarter and this quarter sold the shares below the purchase price at $6.53. The deal had an impact of -0.22% on the portfolio.
The company has a market cap of $593.24 million. It has a forward P/E ratio of 357.14, a P/B of 5.97 and a P/S of 0.54. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 5/10.
Jim Simons (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) are other gurus who closed their holdings.
Autohome Inc.
The stock was established in Q4 2013 and lost its position in the first quarter. In the second quarter Burbank bought 40,000 shares at an average price of $49.25 and this quarter sold the shares below purchase price at $35.74. The deal had an impact of -0.04% on the portfolio.
The company has a market cap of $593.24 million. It has a forward P/E ratio of 357.14, a P/B of 5.97 and a P/S of 0.54. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 5/10.
Pioneer Investments (Trades, Portfolio), George Soros (Trades, Portfolio) and Jim Simons (Trades, Portfolio) exited their positions, and Chase Coleman (Trades, Portfolio) reduced his holding.
Sohu.com Inc.
Burbank bought 27,500 shares in the second quarter at an average price of $64.8 and this quarter sold the shares below purchase price at $46.33. The deal had an impact of -0.03% on the portfolio.
The company has a market cap of $2.25 million. It has a forward P/E ratio of 5,000.00, a P/B of 1.77 and a P/S of 1.15. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 8/10.
The stock lost its position in the portfolios of Caxton Associates (Trades, Portfolio) and Charles Brandes (Trades, Portfolio).
Terex Corp. (TEX)
The stock was new in Burbank's portfolio when he bought 12,255 shares at an average price of $26.38 per share in the second quarter; this quarter he sold the shares below the purchase price at $21.81. The firm lost 17% on the investment, and the deal had an impact of -0.01% on the portfolio.
The company has a market cap of $2.02 billion. It has a P/E of 9.70, a forward P/E ratio of 9.16, a P/B of 1.07 and a P/S of 0.3. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.
Steven Cohen (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) also closed their holdings.
SLM Corp. (SLM)
The guru bought 25,316 shares at an average price of $10.12 in the second quarter and this quarter sold the shares below the purchase price at $8.81. The firm lost 13% on the investment, and the deal had an impact of -0.01% on the portfolio.
The company has a market cap of $2.74 million. It has a P/E of 15.25, a forward P/E ratio of 9.76, a P/B of 1.92 and a P/S of 3.53. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 5/10.
Burbank was the only guru who exited his position while James Barrow (Trades, Portfolio) and Kahn Brothers (Trades, Portfolio) reducing their holdings.
Albemarle Corp. (ALB)
Burbank initiated a position in this company in Q2 2011 but later in Q2 2012 he sold his stake. In the second quarter he bought 3,617 shares at an average price of $59.7 and this quarter sold the shares below purchase price at $48.81. The firm lost 18% on the investment.
The company has a market cap of $6.37 billion. It has a P/E of 47.16, a forward P/E ratio of 14.31, a P/B of 2.04 and a P/S of 1.76. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 7/10.
The stock lost its position in the portfolio of Jim Simons (Trades, Portfolio) while Mario Gabelli (Trades, Portfolio) reduced his stake by 42.12%.
Omnicom Group Inc. (OMC)
The guru bought 4,293 shares at an average price of $75.52 in the second quarter and this quarter sold the shares below purchase price at $70.07. The firm lost 7% on the investment, and the deal had an impact of -0.01% on the portfolio.
The company has a market cap of $18.53 billion. It has a P/E of 17.60, a forward P/E ratio of 16.23, a P/B of 7.49 and a P/S of 1.24. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 8/10.
The stock lost its position only in Burbank's portfolio while Bill Nygren (Trades, Portfolio), HOTCHKIS & WILEY, Scott Black (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Manning & Napier Advisors Inc., Ken Fisher (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Jim Simons (Trades, Portfolio) reduced their holdings.
Hertz Global Holdings Inc. (HTZ)
Hertz has had a position in the portfolio off and on since 2013; it lost its position twice, in Q2 2014 and the first quarter. In the second quarter he bought 667,215 shares at an average price of $20.6 and this quarter sold the shares below purchase price at $17.45. The firm lost 15% on the investment, and the deal had an impact of -0.25% on the portfolio.
The company has a market cap of $6.28 billion. It has a forward P/E ratio of 13.79, a P/B of 2.70 and a P/S of 0.60. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 5/10.
Paul Tudor Jones (Trades, Portfolio), Whitney Tilson (Trades, Portfolio), First Eagle Investment (Trades, Portfolio), David Einhorn (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio) are gurus who exited their positions during the third quarter.
SouFun Holdings Ltd. (SFUN)
The position was established in Q3 2013 but later in Q4 2014 the guru closed his holdings. In the second quarter he bought 2,300,000 shares at an average price of $7.97 and this quarter sold the shares below purchase price at $6.52. The firm lost 17% on the investment, and the deal had an impact of -0.39% on the portfolio.
The company has a market cap of $3.2 billion. It has a P/E of 30.22, a forward P/E ratio of 62.89, a P/B of 5.03 and a P/S of 4.03. GuruFocus has given the stock a financial strength rating of 8/10 and a profitability and growth rating of 7/10.
Burbank was the only guru who exited his position while Chris Davis (Trades, Portfolio) reduced his holding by 9.64%.
Barrick Gold Corp. (ABX)
Barrick gained a position in the portfolio in 2011 but then lost its position three times. In the first quarter Burbank bought 823,600 shares at an average price of $11.82 and reduced his holdings by 55.18%. This quarter he sold the shares below purchase price at $7.52. The firm lost 15% on the investment, and the deal had an impact of -0.08% on the portfolio.
The company has a market cap of $8.77 billion. It has a forward P/E ratio of 16.61, a P/B of 0.93 and a P/S of 1.05. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 6/10.
The stock lost its position in the portfolios of George Soros (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) while First Eagle Investment (Trades, Portfolio), Ray Dalio (Trades, Portfolio), John Buckingham (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio) reduced their holdings.
