John Hussman is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. He is also the president of the Hussman Investment Trust. Hussman manages Hussman Strategic Growth Fund, which invests primarily in U.S. stocks, and Hussman Strategic Total Return Fund, which invests primarily in U.S. Treasury and government agency securities. These were the most heavily weighted sales during the first quarter.
The guru closed his stake in Broadcom Corp. (BRCM) with an impact of -2.05% on the portfolio.
The company is a diversified global semiconductor leader built on 50 years of innovation, collaboration and engineering excellence.
First quarter net revenue had a decrease of 4% from the previous quarter and an increase of 8% from the same quarter last year. Gross margin was 53% of net revenue. This compares with gross margin of 54% of net revenue in the prior quarter, and gross margin of 51% of net revenue in the same quarter last year.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 15.28% and ROA of 11.23% that are outperforming 82% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 2.17 that is above the industry median of 1.75.
Andreas Halvorsen (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.54% of outstanding shares followed by Eric Mindich (Trades, Portfolio) with 1.06%, PRIMECAP Management (Trades, Portfolio) with 0.6%, Jeremy Grantham (Trades, Portfolio) with 0.24%, George Soros (Trades, Portfolio) with 0.15%, Paul Tudor Jones (Trades, Portfolio) with 0.11% and Jim Simons (Trades, Portfolio) with 0.09%.
Hussman exited his stake in Cognizant Technology Solutions Corp. (CTSH) with an impact of -1.58% on the portfolio.
The company is a leading provider of information technology, consulting and business process services, dedicated to helping the world's leading companies build stronger businesses.
During the first quarter revenue grew 10% from the year-ago period and decreased 0.9% sequentially, and GAAP diluted EPS was 72 cents, up from 62 cents in the year-ago period.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 18.92% and ROA of 13.73% that are outperforming 83% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 7 out of 10 with cash to debt of 4.36 that is below the industry median of 13.14.
The largest shareholder among the gurus is David Rolfe (Trades, Portfolio) with 0.99% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.52%, Grantham with 0.33%, Matthews Pacific Tiger Fund (Trades, Portfolio) with 0.24%, Simons with 0.16%, Richard Pzena (Trades, Portfolio) with 0.07% and Steven Cohen (Trades, Portfolio) with 0.02%.
The guru closed his stake in DST Systems Inc. (DST) with an impact of -1.21% on the portfolio.
The company is a leading provider of specialized technology, strategic advisory and business operations outsourcing to the financial and health care industries.
First quarter net income attributable was $1.70 per diluted share compared to $2.87 per diluted share for the first quarter 2015. Consolidated operating revenues increased 5.1%, and consolidated income from operations increased 3.0%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 22.04% and ROA of 11.55% that are outperforming 85% of the companies in the Global Business Services industry. Financial strength has a rating of 8 out of 10 with cash to debt of 0.10 that is below the industry median of 1.46.
Diamond Hill Capital (Trades, Portfolio) is the company's largest shareholder among the gurus with 1.31% of outstanding shares followed by Joel Greenblatt (Trades, Portfolio) with 0.33%, Third Avenue Management (Trades, Portfolio) with 0.13%, Chuck Royce (Trades, Portfolio) with 0.06%, Mario Gabelli (Trades, Portfolio) with 0.02% and Jones with 0.01%.
Hussman exited his stake in Juniper Networks Inc. (JNPR) with an impact of -1.18% on the portfolio.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 14.33% and ROA of 7.50% that are outperforming 80% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 5 out of 10 with cash to debt of 1.05 that is below the industry median of 2.45.
The company's largest shareholder among the gurus is Diamond Hill Capital (Trades, Portfolio) with 1.65% of outstanding shares followed by Dodge & Cox with 1.41%, Simons with 1.19%, Greenblatt with 0.49%, Ken Fisher (Trades, Portfolio) with 0.08% and Ray Dalio (Trades, Portfolio) with 0.07%.
The guru closed his stake in FactSet Research Systems Inc. (FDS) with an impact of -1.15% on the portfolio.
The company provides integrated financial information and analytical applications to the global investment community. It supports the investment process from initial research to published results for buy and sell-side professionals.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 46.68% and ROA of 29.82% that are outperforming 95% of the companies in the Global Business Services industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.66 that is below the industry median of 1.46.
Ron Baron (Trades, Portfolio) is the company's largest shareholder among the gurus with 8.7% of outstanding shares followed by Simons with 0.93%, Columbia Wanger (Trades, Portfolio) with 0.88%, Tom Gayner (Trades, Portfolio) with 0.4%, Grantham with 0.04% and Jones with 0.02%.
Hussman exited his stake in Chemed Corp. (CHE) with an impact of -1.11% on the portfolio.
The company purchases, operates and divests subsidiaries engaged in diverse business activities. It operates its business in two segments: the VITAS segment (VITAS) and the Roto-Rooter segment (Roto-Rooter).
During the first quarter revenue increased 3.6%, GAAP Diluted EPS increased 3.6%, and adjusted Diluted EPS increased 5.2%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 22.65% and ROA of 12.53% that are outperforming 83% of the companies in the Global Medical Care industry. Financial strength has a rating of 9 out of 10 with cash to debt of 0.11 that is below the industry median of 0.32.
The largest shareholder among the gurus is Gabelli with 3.87% of outstanding shares followed by Fisher with 3.32%, Simons with 0.52%, Greenblatt with 0.51%, Royce with 0.34% and Grantham with 0.14%.
The guru reduced his stake in Newmont Mining Corp. (NEM) by 31.48% with an impact of -1.09% on the portfolio.
The company is engaged in the production of and exploration for gold and copper. The company has assets in the U.S., Australia, Peru, Indonesia, Ghana, New Zealand, Mexico and Suriname.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 0.79% and ROA of 0.35% that are outperforming 73% of the companies in the Global Gold industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.44 that is below the industry median of 8.00.
Gabelli is the company's largest shareholder among the gurus with 0.28% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.27%, Dalio with 0.18%, Hussman with 0.17%, Pioneer Investments (Trades, Portfolio) with 0.13%, Donald Smith (Trades, Portfolio) with 0.03%, Jones with 0.01% and John Buckingham (Trades, Portfolio) with 0.01%.
Hussman closed his stake in BankUnited Inc. (BKU) with an impact of -1.02% on the portfolio.
The company through its subsidiaries provides personalized customer service and offers a full range of traditional banking products and services to both its commercial and retail customers.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 11.38% and ROA of 1.15% that are outperforming 67% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.05 that is far below the industry median of 2.79.
The largest shareholder among the gurus is Diamond Hill Capital (Trades, Portfolio) with 4.15% of outstanding shares followed by Royce with 0.2%, Pioneer Investments (Trades, Portfolio) with 0.18% and Simons with 0.14%.
Start a free seven-day trial of Premium Membership to GuruFocus.
