Baupost Group's Seth Klarman (Trades, Portfolio) increased many holdings and established several positions in the fourth quarter.
The guru started a position in Time Warner Inc. (TWX, Financial), buying 8,100,000 shares. The trade expanded the portfolio by 7.35%.
The entertainment company has a market cap of $74.39 billion and an enterprise value of $95.51 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 19.97% and return on assets (ROA) of 7.83% are outperforming 80% of companies in the Global Media - Diversified industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of -0.11 is below the industry median of 0.90.
The company's largest shareholder among the gurus is Dodge & Cox with 2.68% of outstanding shares, followed by Klarman with 1.04% and Steven Cohen (Trades, Portfolio) with 0.79%.
Klarman boosted his Pioneer Natural Resources Co. (PXD, Financial) position by 6,821%, impacting the portfolio by 3.38%.
The independent oil and gas producer has a market cap of $30.42 billion and an enterprise value of $31.04 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 7.81% and ROA of 5.08% are outperforming 76% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.77 is above the industry median of 0.49.
Klarman is the company's largest guru shareholder with 1.18% of outstanding shares, followed by John Griffin (Trades, Portfolio) with 0.5% and John Rogers (Trades, Portfolio) with 0.18%.
The investor added 51.81% to his Allergan PLC (AGN, Financial) stake. The transaction had an impact of 2.49% on the portfolio.
The specialty pharmaceutical company has a market cap of $54.56 billion and an enterprise value of $78.18 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -5.93% and ROA of -3.34% are underperforming 73% of companies in the Global Drug Manufacturers - Specialty and Generic industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.21 is above the industry median of 2.31.
With 3.97% of outstanding shares, The Vanguard Health Care Fund (Trades, Portfolio) is the company's largest guru shareholder, followed by Klarman with 1.35%, David Tepper (Trades, Portfolio) with 1.04% and Mason Hawkins (Trades, Portfolio) with 0.69%.
Klarman increased his stake in Cardinal Health Inc. (CAH, Financial) by 101.58%, expanding the portfolio 1.56%.
The health care services company has a market cap of $21.82 billion and an enterprise value of $30.35 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 26.77% and ROA of 4.69% are outperforming 61% of companies in the Global Medical Distribution industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.13 is below the industry median of 0.69.
The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 5.68% of outstanding shares, followed by the Vanguard Health Care Fund with 2.41% and Richard Pzena (Trades, Portfolio) with 0.62%.
The McKesson Corp. (MCK) holding was boosted 172%. The trade had an impact of 1.33% on the portfolio.
The company, which distributes medicine, pharmaceutical supplies, information and care management products and services, has a market cap of $31.05 billion and an enterprise value of $37.47 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 45.32% and ROA of 7.78% are outperforming 86% of companies in the Global Medical Distribution industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.30 is below the industry median of 0.69.
The Vanguard Health Care Fund is the company's largest guru shareholder with 3.6% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 1.84%, Pzena with 1.26% and Charles Brandes (Trades, Portfolio) with 0.35%.
The Qorvo Inc. (QRVO, Financial) position was increased by 22.22%, expanding the portfolio by 1.32%.
The semiconductor manufacturer has a market cap of $9.78 billion and an enterprise value of $10.03 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 0.58% and ROA of 0.43% are underperforming 67% of companies in the Global Semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.77 is below the industry median of 1.48.
Another notable guru shareholder of the company is Manning & Napier Advisors Inc. with 1.93% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.8% and NWQ Managers (Trades, Portfolio) with 0.12%.
Klarman boosted his AmerisourceBergen Corp. (ABC, Financial) holding by 659.63%, expanding the portfolio 1.14%.
The drug wholesale company has a market cap of $21.84 billion and an enterprise value of $23.43 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. While the ROE of 40.33% is outperforming the sector, the ROA of 2.80% is underperforming 69% of companies in the Global Medical Distribution industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.66 is below the industry median 0.69.
Cohen is another notable guru shareholder of the company with 0.14% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio) with 0.13%, Pioneer Investments (Trades, Portfolio) with 0.08% and Arnold Van Den Berg (Trades, Portfolio) with 0.04%.
The guru boosted his Twenty-First Century Fox Inc. (FOXA, Financial) stake by 16.47%, impacting the portfolio by 1.08%.
The diversified media and entertainment company has a market cap of $69.06 billion and an enterprise value of $84.29 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 24.78% and ROA of 7.75% are outperforming 79% of companies in the Global Media - Diversified industry. Financial strength is rated 5 out of 10. The cash-debt ratio of 0.29 is below the industry median of 0.99.
The company's largest guru shareholder is Dodge & Cox with 3.84% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.06% and Donald Yacktman (Trades, Portfolio) with 1.79%.
Disclosure: I do not own any stocks mentioned in this article.
