Much of the significant fourth-quarter investment activity from Frank Sands (Trades, Portfolio), CEO and CIO of Sands Capital Management, an investment management firm that invests in quality growth businesses across the globe, was in familiar names in North America.
Sands’ most noteworthy fourth-quarter transaction was his acquisition of a 7,451,892-share stake in Netflix Inc. (NFLX, Financial), a Los Gatos, California-based provider of streaming video and by-mail DVDs. Sands paid an average price of $114.59 per share in a deal that had a 2.2% impact on his portfolio.
Sands’ stake is 1.74% of Netflix’s outstanding shares and 2.2% of the guru’s total assets. Chase Coleman (Trades, Portfolio) is Netflix’s leading shareholder among the gurus with a stake of 17,997,273 shares. The stake is 4.2% of the company’s outstanding shares and 16.55% of Chase Coleman (Trades, Portfolio)’s total assets.
Netflix has a P/E of 234.8, a forward P/E of 107.5, a P/B of 17.7 and a P/S of 5.9. GuruFocus gives Netflix a Financial Strength rating of 5/10 and a Profitability and Growth rating of 6/10.
Netflix sold for $89.12 per share Tuesday.
Sands purchased a 4,420,966-share stake in Incyte Corp. (INCY, Financial), a pharmaceutical company based in Wilmington, Delaware, for an average price of $111.45 per share. The transaction had a 1.24% impact on Sands’ portfolio.
Sands’ stake in Incyte is 2.36% of the company’s outstanding shares and 1.24% of Sands’ total assets. Vanguard Health Care Fund (Trades, Portfolio) is Incyte’s leading shareholder among the gurus with a stake of 9,615,828 shares. Vanguard’s stake is 5.14% of Incyte’s outstanding shares and 2.07% of the guru’s total assets.
Incyte has a forward P/E of 47.9, a P/B of 80.3 and a P/S of 20.7. GuruFocus gives Incyte a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Incyte sold for $72.01 per share Tuesday.
Sands also acquired a 4,250-share stake in Microsoft (MSFT, Financial) in the fourth quarter.
Sands raised his stake in Edwards Lifesciences Corp. (EW, Financial), a medical device company based in Irvine, California, by more than 724%. Sands bought 9,598,997 shares for an average price of $78.04 per share. The deal, which raised Sands’ stake to 10,924,382 shares, had a 1.95% impact on Sands’ portfolio.
Sands’ stake is 5.09% of the company’s outstanding shares and 2.22% of the guru’s total assets. Sands is Edwards Lifesciences’ leading shareholder among the gurus.
Edwards Lifesciences has a P/E of 38.5, a forward P/E of 29.5, a P/B of 7.5 and a P/S of 7.6. GuruFocus gives Edwards Lifesciences a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Edwards Lifesciences sold for $86.87 per share Tuesday.
Sands increased his stake in Under Armour Inc. (UA, Financial), a Baltimore-based sports apparel and accessories company, by more than 606%. Sands acquired 6,952,660 shares for an average price of $90.96 apiece, raising his stake to 8,099,435 shares. The transaction had a 1.44% impact on Sands’ portfolio.
Sands’ stake is 3.75% of Under Armour’s outstanding shares and 1.68% of Sands’ total assets. Sands is Under Armour’s leading shareholder among the gurus.
Under Armour has a P/E of 82.7, a forward P/E of 47.6, a P/B of 10.4 and a P/S of 4.8. GuruFocus gives Under Armour a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Under Armour sold for $80.5 per share Tuesday.
Sands boosted his stake in Illumina Inc. (ILMN, Financial), a biotechnology company based in San Diego, by almost 41%. The guru acquired 1,756,593 shares for an average price of $166.62 per share. The deal had a 0.87% impact on Sands’ portfolio.
Sands’ stake, now 6,091,448 shares, is 4.16% of Illumina’s outstanding shares and 3.01% of his total assets. Sands is Illumina’s leading shareholder among the gurus.
Illumina has a P/E of 48.9, a forward P/E of 36.9, a P/B of 12.1 and a P/S of 10.6. GuruFocus gives Illumina a Financial Strength rating of 8/10 and a Profitability and Growth rating of 9/10.
Illumina sold for $149.94 per share Tuesday.
Sands increased his stake in Amazon.com Inc. (AMZN, Financial), an ecommerce company based in Seattle, by more than 21%. Sands purchased 367,494 shares for an average price of $633.28 per share, raising his stake to 2,113,048 shares. The transaction had a 0.64% impat on Sands’ portfolio.
Sands’ stake is 0.45% of Amazon.com’s outstanding shares and 3.68% of Sands’ total assets. Chase Coleman (Trades, Portfolio) is Amazon.com’s leading shareholder among the gurus with 3,193,590 shares. The stake is 0.68% of Amazon.com’s outstanding shares and 17.35% of the guru’s total assets.
Amazon.com has a P/E of 781.6, a forward P/E of 53.5, a P/B of 19.7 and a P/S of 2.5. GuruFocus gives Amazon.com a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Amazon.com sold for $552.94 per share Tuesday.
Sands reduced his stake in ASML Holding NV (ASML, Financial), a Dutch supplier of photolithography systems for the semiconductor industry, by more than 61%. Sands sold 6,704,498 shares for an average price of $91.16 per share. The deal, which had a -1.65% impact on Sands’ portfolio, left the guru with a stake of 4,217,296 shares.
Sands’ stake is 0.99% of ASML Holding’s outstanding shares and 0.96% of the guru’s total assets. Sands is ASML Holding’s leading shareholder among the gurus.
ASML Holding has a P/E of 22.9, a forward P/E of 20, a P/B of 4.1 and a P/S of 5.5. GuruFocus gives ASML Holding a Financial Strength rating of 9/10 and a Profitability and Growth rating of 9/10.
ASML Holding sold for $88.58 per share Tuesday.
Sands sold nearly 95% of his stake in ARM Holdings PLC (ARMH, Financial), a British semiconductor and software design company. The guru sold 10,174,043 shares for an average price of $47.3 per share. The transaction had a -1.22% impact on Sands’ portfolio.
Sands’ stake in ARM Holdings, now 543,740 shares, is 0.12% of the company’s outstanding shares and 0.06% of the guru’s total assets. Ken Fisher (Trades, Portfolio) is ARM Holdings’ leading shareholder among the gurus with 1,319,729 shares. The stake is 0.28% of the company’s outstanding shares and 0.12% of Fisher’s total assets.
ARM Holdings has a P/E of 39.2, a forward P/E of 22.4, a P/B of 7.4 and a P/S of 13.6. GuruFocus gives ARM Holdings a Financial Strength rating of 9/10 and a Profitability and Growth rating of 9/10.
ARM Holdings sold for $39.96 per share Tuesday.
Sands slashed his stake in Nike Inc. (NKE, Financial), a Washington County, Oregon-based footwear, apparel, equipment and accessories company, by almost 36%. Sands sold 3,231,636 shares for an average price of $64.56 per share, leaving him with a stake of 5,807,598 shares. The deal had a -1.11% impact on Sands’ portfolio.
Sands’ stake is 0.34% of Nike’s outstanding shares and 0.94% of the guru’s total assets. Steve Mandel (Trades, Portfolio) is Nike’s leading shareholder among the gurus with a stake of 11,496,188 shares. The stake is 0.67% of Nike’s outstanding shares and 3.07% of the guru’s total assets.
Nike has a P/E of 29.3, a forward P/E of 24.3, a P/B of 7.6 and a P/S of 3.4. GuruFocus gives Nike a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Nike sold for $60.21 per share Tuesday.
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