Wallace Weitz (Trades, Portfolio) manages a portfolio composed of 68 stocks with a total value of $2.663 billion. During the second quarter the guru’s largest trades were:
The investor bought 4,268,970 shares in Liberty SiriusXM Group Class CĂ‚ (LSXMK) with an impact of 4.95% on the portfolio.
The company through its subsidiaries owns interest in media, communications and entertainment businesses. It operates in North America. During the second quarter revenue grew 10% to $1.2 billion, a record high for any single quarter, and net income increased 68%.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 2.12% and ROA of 0.76% that are underperforming 59% of the companies in the Global Broadcasting - Radio industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.08 that is below the industry median of 1.36.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 5.97% of outstanding shares followed by Murray Stahl (Trades, Portfolio) with 1.5%, Jeremy Grantham (Trades, Portfolio) with 0.56%, RS Investment Management (Trades, Portfolio) with 0.43%, Mario Gabelli (Trades, Portfolio) with 0.38% and Ron Baron (Trades, Portfolio) with 0.36%.
The guru reduced his stake in Liberty Media Group Class CĂ‚ (LMCK) by 82.73% with an impact of -4.89% on the portfolio.
Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses. Those interests are attributed to three tracking stock groups: the Liberty Braves Group, the Liberty Media Group and the Liberty SiriusXM Group.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of 39.91% and ROA of 21.59% that are outperforming 94% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.54 that is below the industry median of 1.36.
Mason Hawkins (Trades, Portfolio) is the largest shareholder among the gurus with 9.92% of outstanding shares followed by Buffett with 5.97%, Stahl with 1.45%, Gabelli with 0.41% and Baron with 0.36%.
Weitz raised shares in Allergan PLCĂ‚ (AGN) by 95.58% with an impact of 2.53% on the portfolio.
The company is engaged in developing, manufacturing and distributing generic, brand and biosimilar products. During the last quarter total net revenue had a 2% increase versus the prior-year quarter, and total GAAP SG&A was $1.2 billion compared to $1.1 billion in the prior-year period.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 5.45% and ROA of 3.23% that are underperforming 53% of the companies in the Global Drug Manufacturers - Specialty & Generic industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.01 that is below the industry median of 3.22.
The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 3.05% of outstanding shares followed by Daniel Loeb (Trades, Portfolio) with 1.24%, John Paulson (Trades, Portfolio) with 1%, Carl Icahn (Trades, Portfolio) with 0.86%, Paul Singer (Trades, Portfolio) with 0.69%, Seth Klarman (Trades, Portfolio) with 0.51% and Andreas Halvorsen (Trades, Portfolio) with 0.49%.
The guru trimmed his shares in Range Resources Corp. (RRC) by 56.18% with an impact of -1.54% on the portfolio.
It is a Texas-based independent natural gas, natural gas liquids and oil company engaged in the exploration, development and acquisition of primarily gas properties in the Southwestern and Appalachian regions of the U.S. During the second quarter it had a pending merger with Memorial Resource Development Corp. (MRD), and the company production averaged 1,421 net Mmcfe per day, up 4% from the prior-year quarter.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -32.71% that is underperforming and ROA of -12.63% that is outperforming 54% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 3 out of 10 with cash to debt of 0.39 that is below the industry median of 0.51.
Halvorsen is the largest shareholder among the gurus with 5.49% of outstanding shares followed by Manning & Napier Advisors Inc. with 3.03%, John Griffin (Trades, Portfolio) with 1.45%, Jim Simons (Trades, Portfolio) with 0.26%, PRIMECAP Management (Trades, Portfolio) with 0.08% and Pioneer Investments (Trades, Portfolio) with 0.07%.
The investor exited his position in Endo International PLCĂ‚ (ENDP) with an impact of -0.97% on the portfolio.
The company is a specialty health care company engaged in developing, manufacturing, marketing and distributing branded pharmaceutical and generic products as well as medical devices. Second quarter total revenue grew 25% from the same quarter of a year before and GAAP net income from continuing operations in the second quarter increased to $390 million compared to a GAAP net loss from continuing operations of $91 million during the same period in 2015.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of -15.62% and ROA of -5.13% that are underperforming 78% of the in the Global Drug Manufacturers - Specialty & Generic industry. Financial strength has a rating of 3 out of 10 with cash to debt of 0.08 that is above the industry median of 3.22.
The largest shareholder among the gurus is Paulson with 4.02% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 1.13%, RS Investment Management (Trades, Portfolio) with 0.62%, Joel Greenblatt (Trades, Portfolio) with 0.47%, Arnold Schneider (Trades, Portfolio) with 0.2%, Paul Tudor Jones (Trades, Portfolio) with 0.01% and Pioneer Investments (Trades, Portfolio) with 0.01%.
The guru reduced his shares in Pioneer Natural Resources Co. (PXD) by 50.67% with an impact of -0.93% on the portfolio.
It is an independent oil and gas exploration and production company with operations in the U.S.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of -5.60% and ROA of -2.32% that are outperforming 71% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.90 that is above the industry median of 0.44.
Halorsen is the largest shareholder among the gurus with 0.81% of outstanding shares followed by Steve Mandel (Trades, Portfolio) with 0.78%, Simons with 0.25%, Cohen with 0.18%, Griffin with 0.13%, Pioneer Investments (Trades, Portfolio) with 0.13% and Jones with 0.05%.
The investor reduced his stake in Brown & Brown Inc. (BRO) by 82.41% with an impact of -0.9% on the portfolio.
It is an insurance agency, wholesale brokerage, insurance programs and services organization that markets and sells its customers insurance products and services, mainly in the property and casualty areas. Second-quarter revenue increased $27.1 million, or 6.5%, as compared to the second quarter of the prior year with organic revenue (as defined below) raised by 2.6%. Net income was $66.2 million, increased by 8.5%, and diluted earnings per share were 47 cents, raised by 9.3%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 11.35% and ROA of 5.03% that are outperforming 73% of the companies in the Global Insurance Brokers industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.42.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 4.95% of outstanding shares followed by Diamond Hill Capital (Trades, Portfolio) with 2.5%, Meridian Funds (Trades, Portfolio) with 1.65%, HOTCHKIS & WILEY with 1.64%, Zeke Ashton (Trades, Portfolio) with 0.03%, Simons with 0.03% and Stahl with 0.01%.
The guru exited his stake in Omnicom Group Inc. (OMC) with an impact of -0.71% on the portfolio.
It is an advertising, marketing and corporate communications company that provides professional services to clients through multiple agencies. During the second quarter diluted net income per common share increased 10 cents, or 7.9%, to $1.36 per share versus $1.26 per share for the second quarter of 2015, and worldwide revenue increased 2.1% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 45.20% and ROA of 5.29% that are outperforming 66% of the companies in the Global Advertising Agencies industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.31 that is below the industry median of 3.71.
First Eagle Investment (Trades, Portfolio) is the largest shareholder among the gurus with 5.43% of outstanding shares followed by Richard Pzena (Trades, Portfolio) with 1.96%, Ruane Cunniff (Trades, Portfolio) with 1.01%, John Rogers (Trades, Portfolio) with 0.53%, John Rogers (Trades, Portfolio) with 0.53%, Grantham with 0.29% and HOTCHKIS & WILEY with 0.28%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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