Jerome Dodson (Trades, Portfolio) is lead portfolio manager of Parnassus Fund, which enjoyed double-digit returns in 2013 and 2014.
In the first quarter, his most significant transaction was the sale of his 250,000-share stake in Citrix Systems Inc. (CTXS, Financial), a software company based in Fort Lauderdale, Florida, for an average price of $70.92 per share. The divestiture had a -2.55% impact on Dodson’s portfolio.
Citrix Systems’ leading shareholder among the gurus is Paul Singer (Trades, Portfolio) with a stake of 6,706,544 shares. The stake is 4.36% of Citrix Systems’ outstanding shares and 6.2% of Singer’s total assets.
Citrix Systems has a P/E of 34.6, a forward P/E of 15.4, a P/B of 6.1 and a P/S of 4. GuruFocus gives Citrix Systems a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Citrix Systems sold for $82.05 per share Thursday.
Dodson sold his 100,000-share stake in Genesee & Wyoming Inc. (GWR, Financial), a Darien, Connecticut-based short-line railroad holding company with interests in five countries, for an average price of $54.66 per share. The divestiture had a -0.72% impact on Dodson’s portfolio.
Genesee & Wyoming’s leading shareholder among the gurus is Ron Baron (Trades, Portfolio) with a stake of 1,165,413 shares. The stake is 2.02% of Genesee & Wyoming’s outstanding shares and 0.29% of Baron’s total assets.
Genesee & Wyoming has a P/E of 16.6, a forward P/E of 16.3, a P/B of 1.5 and a P/S of 1.9. GuruFocus gives Genesee & Wyoming a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Genesee & Wyoming sold for $64.69 per share Thursday.
Dodson sold his 50,000-share stake in Lam Research Corp. (LRCX, Financial), a Fremont, California-based semiconductor equipment company, for an average price of $72.65 per share. The divestiture had a -0.53% impact on Dodson’s portfolio.
John Paulson (Trades, Portfolio) is Lam Research’s leading shareholder among the gurus with a stake of 5 million shares. The stake is 3.13% of Lam Research’s outstanding shares and 2.44% of Paulson’s total assets.
Lam Research has a P/E of 17.4, a forward P/E of 13, a P/B of 2.2 and a P/S of 2.4. GuruFocus gives Lam Research a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Lam Research sold for $78.16 per share Thursday.
Dodson acquired a 40,000-share stake in Allergan PLC (AGN, Financial), a pharmaceutical company with offices in Ireland and New Jersey, for an average price of $286.72 per share. The transaction had a 1.48% impact on Dodson’s portfolio.
The stake is 0.01% of Allergan’s outstanding shares and 1.48% of Dodson’s total assets. Allergan’s leading shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with a stake of 10,962,347 shares. The stake is 2.78% of Allergan’s outstanding shares and 6.81% of Vanguard’s total assets.
Allergan has a P/E of 24.7, a forward P/E of 12.2, a P/B of 1.2 and a P/S of 3.8. GuruFocus gives Allergan a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
Allergan sold for $218.85 per share Thursday.
Dodson purchased a 300,000-share stake in eBay Inc. (EBAY, Financial), a San Jose, California-based ecommerce company, for an average price of $24.36 per share. The deal had a 0.99% impact on Dodson’s portfolio.
The stake is 0.03% of eBay’s outstanding shares and 0.99% of Dodson’s total assets. PRIMECAP Management (Trades, Portfolio) is eBay’s leading shareholder among the gurus with a stake of 7,856,500 shares. The stake is 0.69% of eBay’s outstanding shares and 0.22% of PRIMECAP’s total assets.
EBay has a P/E of 18.5, a forward P/E of 12.6, a P/B of 4.6 and a P/S of 2.3. GuruFocus gives eBay a Financial Strength rating of 8/10 and a Profitability and Growth rating of 10/10.
EBay sold for $24.62 per share Thursday.
Dodson trimmed his stake in Cummins Inc. (CMI, Financial), a heavy equipment company based in Columbus, Indiana, by more than 38%. Dodson sold 125,000 shares for an average price of $96.36 per share in a transaction that had a -1.48% impact on his portfolio.
The remaining stake of 200,000 shares is 0.11% of Cummins’ outstanding shares and 3.04% of Dodson’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 14.9, a forward P/E of 14.3, a P/B of 2.7 and a P/S of 1.1. GuruFocus gives Cummins a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Cummins sold for $116.61 per share Thursday.
Dodson pared his stake in Intel Corp. (INTC, Financial), a Santa Clara, California-based semiconductor company, by more than 18% with the sale of 200,000 shares for an average price of $30.7 per share. The deal had a -0.93% impact on Dodson’s portfolio.
The remaining stake of 900,000 shares is 0.02% of Intel’s outstanding shares and 4.02% of Dodson’s total assets. Intel’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 29,905,160 shares. The stake is 0.63% of Intel’s outstanding shares and 1.05% of PRIMECAP’s total assets.
Intel has a P/E of 13.2, a forward P/E of 12, a P/B of 2.4 and a P/S of 2.8. GuruFocus gives Intel a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Intel sold for $31.11 per share Thursday.
Dodson cut his stake in Motorola Solutions Inc. (MSI, Financial), a Chicago-based telecommunications equipment company, by 25%. Dodson sold 100,000 shares for an average price of $67.47 per share. The transaction had a -0.92% impact on Dodson’s portfolio.
The remaining stake of 300,000 shares is 0.17% of Motorola’s outstanding shares and 3.14% of Dodson’s total assets. Jeff Ubben (Trades, Portfolio) is Motorola’s leading shareholder among the gurus with a stake of 17,588,576 shares. The stake is 10.09% of Motorola’s outstanding shares and 8.33% of Ubben’s total assets.
Motorola has a P/E of 24, a forward P/E of 15 and a P/S of 2.8. GuruFocus gives Motorola a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Motorola sold for $75.34 per share Thursday.
Dodson cut his stake in SanDisk Corp. (SNDK, Financial), a Milpitas, California-based manufacturer of flash memory storage devices and software, by nearly 17%. Dodson sold 75,000 shares for an average price of $72.1 per share. The deal had a -0.77% impact on Dodson’s portfolio.
The remaining stake of 375,000 shares is 0.18% of SanDisk’s outstanding shares and 3.94% of Dodson’s total assets. SanDisk’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 12,562,101 shares. The stake is 6.19% of SanDisk’s outstanding shares and 0.98% of PRIMECAP’s total assets.
SanDisk has a P/E of 41.4, a forward P/E of 21.2, a P/B of 2.7 and a P/S of 3. GuruFocus gives SanDisk a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
SanDisk sold for $76.5 per share Thursday.
Dodson raised his stake in Gilead Sciences Inc. (GILD, Financial), a pharmaceutical company based in Foster City, California, by 55% with the purchase of 110,000 shares for an average price of $90.37 per share. The transaction had a 1.4% impact on Dodson’s portfolio.
The stake, now 310,000 shares, is 0.02% of Gilead’s outstanding shares and 3.94% of Dodson’s total assets. Pioneer Investments (Trades, Portfolio) is Gilead’s leading shareholder among the gurus with a stake of 3,392,997 shares. The stake is 0.25% of Gilead’s outstanding shares and 1.31% of Pioneer’s total assets.
Gilead has a P/E of 8.1, a forward P/E of 8.2, a P/B of 7.7 and a P/S of 4.7. GuruFocus gives Gilead a Financial Strength rating of 8/10 and a Profitability and Growth rating of 8/10.
Gilead sold for $97 per share Thursday.
Dodson boosted his stake in Charles Schwab Corp. (SCHW, Financial), a San Francisco-based brokerage and banking company, by more than 47%. Dodson acquired 320,000 shares for an average price of $26.45 per share in a deal that had a 1.24% impact on Dodson’s portfolio.
The stake, now 1 million shares, is 0.08% of Schwab’s outstanding shares and 3.87% of Dodson’s total assets. Schwab’s leading shareholder among the gurus is Dodge & Cox with a stake of 102,622,637 shares. The stake is 7.77% of Schwab’s outstanding shares and 3.39% of Dodge & Cox’s total assets.
Schwab has a P/E of 26.4, a forward P/E of 19.4, a P/B of 3.2 and a P/S of 6.1. GuruFocus gives Schwab a Financial Strength rating of 7/10 and a Profitability and Growth rating of 7/10.
Schwab sold for $28.98 per share Thursday.
Dodson increased his stake in Perrigo Co. PLC (PRGO), a Dublin-based pharmaceutical company, by more than 44%. Dodson purchased 40,000 shares for an average price of $137.04 per share. The transaction had a 0.71% impact on Dodson’s portfolio.
The stake, now 130,000 shares, is 0.09% of Perrigo’s outstanding shares and 2.3% of Dodson’s total assets. Paulson is Perrigo’s leading shareholder among the gurus 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 forward P/E of 9.6, a P/B of 1.4 and a P/S of 2.6. GuruFocus gives Perrigo a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Perrigo sold for $96.45 per share Thursday.
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