David Rolfe (Trades, Portfolio) of Wedgewood Partners sold nearly all of his holdings in four existing stakes in his portfolio in the fourth quarter.
Rolfe reduced his position in Coach Inc. (COH, Financial), a New York-based apparel and accessories company, by nearly 99%. Rolfe sold 10,397,191 shares for an average price of $31.2 per share. The transaction had a -4.38% impact on Rolfe’s portfolio.
Rolfe’s remaining stake of 115,651 shares is 0.04% of Coach’s outstanding shares and 0.06% of the guru’s total assets. Dodge & Cox is Coach’s leading shareholder among the gurus with a stake of 17,371,561 shares. The stake is 6.26% of Coach’s outstanding shares and 0.56% of Dodge & Cox’s total assets.
Coach has a P/E of 29.6, a forward P/E of 18, a P/B of 4.2 and a P/S of 2.5. GuruFocus gives Coach a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Coach sold for $39.14 per share Thursday.
Rolfe sold more than 99% of his stake in National Oilwell Varco Inc. (NOV, Financial), an oilfield services and equipment company based in Houston. Rolfe sold 7,014,667 shares for an average price of $37.16 per share. The deal had a -3.84% impact on Rolfe’s portfolio.
The guru’s remaining stake of 69,450 shares is 0.02% of National Oilwell Varco’s outstanding shares and 0.04% of Rolfe’s total assets. National Oilwell Varco’s leading shareholder among the gurus is Dodge & Cox with a stake of 21,275,670 shares. The stake is 5.66% of National Oilwell Varco’s outstanding shares and 0.7% of Dodge & Cox’s total assets.
National Oilwell Varco has a forward P/E of 60.2, a P/B of 0.7 and a P/S of 0.8. GuruFocus gives National Oilwell Varco a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
National Oilwell Varco sold for $31.43 per share Thursday.
Rolfe trimmed his stake in Cummins Inc. (CMI, Financial), a Columbus, Indiana-based heavy equipment company, selling nearly 99%. Rolfe sold 1,639,068 shares for an average price of $99.64 per share. The deal had a -2.59% impact on Rolfe’s portfolio.
The remaining stake of 17,175 shares is 0.01% of Cummins’ outstanding shares and 0.03% of Rolfe’s total assets. HOTCHKIS & WILEY is Cummins’ leading shareholder among the gurus with a stake of 5,773,243 shares. The stake is 3.31% of Cummins’ outstanding shares and 2.06% of the guru’s total assets.
Cummins has a P/E of 13.1, a forward P/E of 12.4, a P/B of 2.4 and a P/S of 1. GuruFocus gives Cummins a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Cummins sold for $102.49 per share Thursday.
Rolfe reduced his stake in Varian Medical Systems Inc. (VAR, Financial), a medical technology company based in Palo Alto, California, by more than 98%. Rolfe sold 1,913,722 shares for an average price of $78.91 per share in a deal that had a -2.06% impact on his portfolio.
The remaining stake of 31,700 shares is 0.03% of Varian’s outstanding shares and 0.04% of Rolfe’s total assets. First Eagle Investment (Trades, Portfolio) is Varian’s leading shareholder among the gurus with a stake of 1,305,609 shares. The stake is 1.37% of Varian’s outstanding shares and 0.26% of First Eagle Investment (Trades, Portfolio)’s total assets.
Varian has a P/E of 18.9, a forward P/E of 216.2, a P/B of 4.6 and a P/S of 2.5. GuruFocus gives Varian a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Varian sold for $77.58 per share Thursday.
Rolfe pared his stake in Berkshire Hathaway (BRK.B, Financial), Warren Buffett (Trades, Portfolio)’s Omaha, Nebraska-based conglomerate, by more than 10%. Rolfe sold 476,286 shares for an average price of $134.28 per share. The deal had a -0.9% impact on Rolfe’s portfolio.
The stake, now 4,192,862 shares, is 0.17% of Berkshire Hathaway’s outstanding shares and 9.51% of Rolfe’s total assets. Berkshire Hathaway’s leading shareholder among the gurus is Bill Gates (Trades, Portfolio) with a stake of 74,381,548 shares. The stake is 3.03% of Berkshire Hathaway’s outstanding shares and 58.94% of Gates’ total assets.
Berkshire Hathaway has a P/E of 14.2, a forward P/E of 14.9, a P/B of 1.3 and a P/S of 1.6. GuruFocus gives Berkshire Hathaway a Financial Strength rating of 4/10 and a Profitability and Growth rating of 8/10.
Berkshire Hathaway sold for $138.62 per share Thursday.
Rolfe sold more than 23% of his stake in Alphabet Inc. (GOOGL, Financial), the Mountain View, California-based parent company of Google. Rolfe sold 94,545 shares for an average price of $742.51 per share. The transaction had a -0.88% impact on Rolfe’s portfolio.
The stake, now 310,914 shares, is 0.05% of Alphabet’s outstanding shares and 4.15% of Rolfe’s total assets. PRIMECAP Management (Trades, Portfolio) is Alphabet’s leading shareholder among the gurus with a stake of 2,577,639 shares. The stake is 0.37% of Alphabet’s outstanding shares and 2.05% of the guru’s total assets.
Alphabet has a P/E of 32, a forward P/E of 18.2, a P/B of 4.1 and a P/S of 6.7. GuruFocus gives Alphabet a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
Alphabet sold for $732.17 per share Thursday.
Rolfe reduced his holdings in Qualcomm Inc. (QCOM, Financial), a semiconductor company based in San Diego, by nearly 12%. Rolfe sold 1,102,840 shares for an average price of $53.23 per share. The deal had a -0.86% impact on Rolfe’s portfolio.
The remaining stake of 8,444,517 shares is 0.56% of Qualcomm’s outstanding shares and 7.25% of Rolfe’s total assets. James Barrow (Trades, Portfolio) is Qualcomm’s leading shareholder among the gurus with a stake of 18,242,650 shares. The stake is 1.22% of Qualcomm’s outstanding shares and 1.36% of Barrow’s total assets.
Qualcomm has a P/E of 17.1, a forward P/E of 11.2, a P/B of 2.6 and a P/S of 3.5. GuruFocus gives Qualcomm a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Qualcomm sold for $51.91 per share Thursday.
Rolfe raised his stake in Perrigo Co. PLC (PRGO, Financial), a Dublin-based pharmaceutical company, by more than 159%. Rolfe acquired 1,297,542 shares for an average price of $153.61 per share. The transaction had a 3.22% impact on Rolfe’s portfolio.
The stake, now 2,113,216 shares, is 1.48% of Perrigo’s outstanding shares and 5.25% of Rolfe’s total assets. Perrigo’s leading shareholder among the gurus is John Paulson (Trades, Portfolio) with a stake of 2,662,000 shares. The stake is 1.86% of Perrigo’s outstanding shares and 2.37% of Paulson’s total assets.
Perrigo has a P/E of 430.3, a forward P/E of 12, a P/B of 1.8 and a P/S of 4. GuruFocus gives Perrigo a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
Perrigo sold for $133.50 per share Thursday.
Rolfe boosted his stake in Stericycle Inc. (SRCL, Financial), a Lake Forest, Illinois-based company that collects and disposes of regulated substances (i.e., medical waste), by almost 47%. Rolfe purchased 689,925 shares for an average price of $127.04 per share. The deal had a 1.43% impact on Rolfe’s portfolio.
His stake, now 2,161,249 shares, is 2.54% of Stericycle’s outstanding shares and 4.48% of Rolfe’s total assets. Rolfe is Stericycle’s leading shareholder among the gurus.
Stericycle has a P/E of 38.3, a forward P/E of 19.4, a P/B of 3.6 and a P/S of 3.5. GuruFocus gives Stericycle a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Stericycle sold for $113.47 per share Thursday.
Rolfe hiked his stake in The Kraft Heinz Co. (KHC, Financial), a food-processing company with offices in Pittsburgh and Northfield, Illinois, by almost 33%. Rolfe bought 808,905 shares for an average price of $73.84 per share. The transaction had a 1.01% impact on Rolfe’s portfolio.
The stake, now 3,280,187 shares, is 0.27% of the company’s outstanding shares and 4.1% of Rolfe’s total assets. Buffett is Kraft Heinz’s leading shareholder among the gurus with a stake of 325,634,818 shares. The stake is 26.84% of the company’s outstanding shares and 17.97% of Buffett’s total assets.
Kraft Heinz has a P/E of 47.5, a forward P/E of 21.1, a P/B of 1.6 and a P/S of 2.6. GuruFocus gives Kraft Heinz a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Kraft Heinz sold for $76.22 per share Thursday.
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