Julian Robertson (Trades, Portfolio) is considered the father of hedge funds. He founded Tiger Management in 1980 with $8 million. During the third quarter, the guru increased his position in the following stocks:
Robertson's position in Pandora Media Inc. (P, Financial) was increased by 21.51%. The trade had an impact of 1.06% on the portfolio.
The company provides internet radio services on smartphones, tablets, traditional computers and car audio systems as well as other internet-connected devices. During the third quarter, consolidated revenue grew 13% year over year and advertising revenue increased 7% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10. The return on equity (ROE) of -42.94% and return on assets (ROA) of -24.11% are underperforming 93% of the companies in the Global Broadcasting - Radio industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.76 is below the industry median of 0.93.
The largest shareholder of the company among the gurus is Leon Cooperman (Trades, Portfolio) with 1.17% of outstanding shares, followed by Julian Robertson (Trades, Portfolio) with 0.76%, Jeremy Grantham (Trades, Portfolio) with 0.1% and RS Investment Management (Trades, Portfolio) with 0.04%.
The guru increased his holding of Microsoft Corp. (MSFT, Financial) by 13.72%. The transaction had an impact of 0.75% on the portfolio.
The company is engaged in designing, manufacturing and selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices. Third quarter diluted earnings per share was 60 cents for GAAP and 76 cents for non-GAAP.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 22.30% and ROA of 8.80% are outperforming 77% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.83 is below the industry median of 6.37.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.73% of outstanding shares, followed by Jeff Ubben (Trades, Portfolio) with 0.5%, Barrow, Hanley, Mewhinney & Strauss with 0.3%, Ken Fisher (Trades, Portfolio) with 0.24% and Jeremy Grantham (Trades, Portfolio) with 0.22%.
The guru increased his position in Royal Caribbean Cruises Ltd. (RCL, Financial) by 15.30%. The trade had an impact of 0.65% on the portfolio.
The company owns five cruise brands, Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises and CDF Croisieres de France. Net yields grew 2.9% from the same quarter of a year before. Net income was $693.3 million or $3.21 per share, an increase from $228.8 million or $1.03 per share in 2015.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 14.94% and ROA of 5.71% are outperforming 71% of the companies in the Global Leisure industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.64.
The largest shareholder of the company among the gurus is PRIMECAP Management (Trades, Portfolio) with 4.91% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 1.83%, John Rogers (Trades, Portfolio) with 0.49%, Steven Cohen (Trades, Portfolio) with 0.24%, Meridian Funds (Trades, Portfolio) with 0.21%, Ron Baron (Trades, Portfolio) with 0.08% and John Buckingham (Trades, Portfolio) with 0.04%.
The guru increased his stake in CommScope Holding Co. Inc. (COMM, Financial) by 6.82%. The transaction had an impact of 0.39% on the portfolio.
The company is a provider of connectivity and essential infrastructure solutions for wireless, business enterprise and residential broadband networks. The company's business segments are Wireless, Enterprise and Broadband. Third quarter sales grew 33% year over year and adjusted net income increased 53% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 7.08% and ROA of 1.23% are underperforming 55% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 4 out of 10.The cash-debt ratio of 0.11 is below the industry median of 2.04.
Lee Ainslie (Trades, Portfolio) is the largest shareholder of the company among the gurus with 8.55% of outstanding shares, followed by Steve Mandel (Trades, Portfolio) with 1.97%, John Griffin (Trades, Portfolio) with 1.96%, Diamond Hill Capital (Trades, Portfolio) with 1.29%, Jim Simons (Trades, Portfolio) with 0.51% and Joel Greenblatt (Trades, Portfolio) with 0.34%.
The investor increased his holding of Facebook Inc. Class A (FB, Financial) by 5.90%, with an impact of 0.33% on the portfolio.
The company operates a social networking website. Its products are Facebook, Instagram, Messenger, WhatsApp and Oculus. Daily active users (DAUs) grew 17% from the same quarter of a year before and cash and cash equivalents and marketable securities were $26.14 billion.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 15.76% and ROA of 14.26% are outperforming 72% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 10 out of 10 with no debt.
The largest shareholder of the company among the gurus is Frank Sands (Trades, Portfolio) with 0.74% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 0.65%, Spiros Segalas (Trades, Portfolio) with 0.32%, Steve Mandel (Trades, Portfolio) with 0.22%, Daniel Loeb (Trades, Portfolio) with 0.19%, John Griffin (Trades, Portfolio) with 0.12% and Manning & Napier Advisors Inc. with 0.11%.
Robertson added to his position in Controladora Vuela Compania de Aviacion SAB de CV. (VLRS, Financial) by 34.49%. The trade had an impact of 0.3% on the portfolio.
It is an ultra-low-cost air carrier company. The company provides low-cost air transportation services in Mexico and the United States.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 41.30% and ROA of 19.22% are outperforming 79% of the companies in the Global Airlines industry. Financial strength has a rating of 8 out of 10. The cash-debt ratio of 7.31 is above the industry median of 0.49.
The largest shareholder of the company among the gurus is Jim Simons (Trades, Portfolio) with 0.83% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.12%.
Robertson added to his holding of Enzymotec Ltd. (ENZY, Financial) by 17.34%. The trade had an impact of 0.17% on the portfolio.
The company develops, manufactures, markets and sells innovative bio-functional lipid ingredients. The company's segments include Nutrition and VAYA Pharma. Third quarter gross margins increased 590 basis points to 66% from 60.1% in the third quarter of the prior year and decreased 400 basis points from 70% in the previous quarter.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 1.75% and ROA of 1.61% are outperforming 77% of the companies in the Global Biotechnology industry. Financial strength has a rating of 9 out of 10, with no debt.
The largest shareholder of the company among the gurus is John Paulson (Trades, Portfolio) with 18.51% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 1.14%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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