Ruane Cunniff (Trades, Portfolio) is a value investor focused on the intrinsic value of business. It manages a portfolio composed of 118 stocks with a total value of $10.499 billion. During the second quarter the guru traded the following stocks.
The investor reduced shares in Berkshire Hathaway Inc. Class AĂ‚ (BRK.A) by 19.52% with an impact of -2.78% on the portfolio.
The company is a conglomerate holding company owning subsidiaries engaged in a number of business activities including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 10.03% and ROA of 4.52% that are outperforming 62% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.72.
Another notable shareholder among the gurus is Tom Russo (Trades, Portfolio) with 0.42% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.29%, First Eagle Investment (Trades, Portfolio) with 0.09%, Charles de Vaulx (Trades, Portfolio) with 0.08%, Tweedy Browne (Trades, Portfolio) with 0.07% and Tom Gayner (Trades, Portfolio) with 0.07%.
The guru reduced the stake in TJX Companies Inc. (TJX) by 24.72% with an impact of -2.43% on the portfolio.
The company is an off-price apparel and home fashions retailer in the U.S. and other countries. Its stores offer family apparel, including footwear and accessories and home fashions, such as home basics, accent furniture and lamps, among others. During the second quarter net sales increased 7% to $7.9 billion and consolidated comparable store sales increased 4% over last year’s 6% increase. Net income was $562 million and diluted earnings per share were 84 cents, a 5% increase over the prior year’s 80 cents.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 53.02% and ROA of 20.01% that are outperforming 96% of the companies in the Global Apparel Stores industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.38 that is above the industry median of 0.94.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 1.9% of outstanding shares followed by Ruane Cunniff (Trades, Portfolio) with 1.86%, Spiros Segalas (Trades, Portfolio) with 0.77%, Diamond Hill Capital (Trades, Portfolio) with 0.6%, Pioneer Investments (Trades, Portfolio) with 0.29% and David Rolfe (Trades, Portfolio) with 0.22%.
The guru almost closed the stake in Allergan PLCĂ‚ (AGN) with a decrease of 99.67% and an impact of -2.13% on the portfolio.
The company is engaged in developing, manufacturing and distributing generic, brand and biosimilar products. During the last quarter total net revenue increased 2% 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 almost closed the stake in Range Resources Corp. (RRC) trimming it by 99.89% with an impact of -1.49% 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%, Wallace Weitz (Trades, Portfolio) with 0.62%, Jim Simons (Trades, Portfolio) with 0.26%, PRIMECAP Management (Trades, Portfolio) with 0.08% and Pioneer Investments (Trades, Portfolio) with 0.07%.
The investor almost closed the stake in International Business Machines Corp. (IBM) with a decrease of 98.02% and an impact of -0.85% on the portfolio.
It is an information technology (IT) company. It creates business value for clients and solves business problems through integrated solutions that leverage information technology & knowledge of business processes.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 8.5% of outstanding shares followed by Prem Watsa (Trades, Portfolio) with 0.14%, Diamond Hill Capital (Trades, Portfolio) with 0.12%, Barrow, Hanley, Mewhinney & Strauss with 0.1%, Jeremy Grantham (Trades, Portfolio) with 0.1%, Edward Lampert (Trades, Portfolio) with 0.06% and Tweedy Browne (Trades, Portfolio) with 0.04%.
The guru reduced shares in Monsanto Co. (MON) by 99.10% and with an impact of -0.4% on the portfolio.
The company along with its subsidiaries provides agricultural products for farmers. Its seeds, biotechnology traits, herbicides and precision agriculture products provide farmers with solutions that improve productivity. During the second quarter net sales decreased over the prior year’s first quarter to $2.2 billion and gross profit on an as-reported basis for the first quarter also decreased over the prior year period to $901 million.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.33% and ROA of 4.90% that are underperforming 61% of the companies in the Global Agricultural Inputs industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.12 that is below the industry median of 0.58.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 2.6% of outstanding shares followed by Larry Robbins (Trades, Portfolio) with 2.47%, Frank Sands (Trades, Portfolio) with 2.23%, Davis with 1.46%, Manning & Napier Advisors Inc. with 1.01%, Grantham with 0.67%, Loeb with 0.46% and Eric Mindich (Trades, Portfolio) with 0.4%.
The investor reduced the stake in Visa Inc. Class AĂ‚ (V) by 20.12% with an impact of -0.38% on the portfolio.
It is a payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The company operates a processing networks – VisaNet.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 18.59% and ROA of 11.02% that are outperforming 81% of the companies in the Global Credit Services industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.55 that is far below the industry median of 54.34.
The largest shareholder among the gurus is Sands with 1.58% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.63%, Segalas with 0.49%, Buffett with 0.43%, Steve Mandel (Trades, Portfolio) with 0.31%, PRIMECAP Management (Trades, Portfolio) with 0.29% and Davis with 0.21%.
The guru reduced his stake in Alphabet Inc. Class AĂ‚ (GOOGL) by 13.25% with an impact of -0.33% on the portfolio.
The company through its subsidiary Google Inc. is engaged in improving the ways people connect with information and products including Search, Android, YouTube, Apps, Maps and Ads. It also produces Internet-connected home devices and provides Internet services.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 14.99% and ROA of 12.24% which are outperforming 71% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 8 out of 10, with cash to debt of 18.67 that is above the industry median of 9.27.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 0.37% of outstanding shares followed by Segalas with 0.32%, Sands with 0.27%, Halvorsen with 0.26%, Fisher with 0.14% and Davis with 0.13%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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