Harbor Capital Appreciation Fund leader Spiros Segalas (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.
Tencent Holdings
Segalas exited his position in Chinese conglomerate Tencent Holdings Ltd. (HKSE:00700, Financial). The portfolio was impacted by -2.08%.
SAP SE
The investor sold out of SAP SE (SAP, Financial). The portfolio was impacted by -0.89%.
The company, which provides solutions for enterprise resource planning, database management and business intelligence, has a market cap of $167.69 billion and an enterprise value of $179.55 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 11.87% and return on assets of 6.15% are outperforming 67% of companies in the software industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.36 is below the industry median of 2.21.
The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.62% of outstanding shares, followed by Paul Singer (Trades, Portfolio) with 0.06% and Sarah Ketterer (Trades, Portfolio) with 0.02%.
PayPal Holdings
The guru reduced his PayPal Holdings Inc. (PYPL, Financial) position by 46.3%. The portfolio was impacted by -0.75%.
The electronic payment solutions provider has a market cap of $132.94 billion and an enterprise value of $127.44 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 16.2% and return on assets of 5.47% are outperforming 74% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 2.11 is above the industry median of 0.23.
The largest guru shareholder of the company is Fisher with 0.37% of outstanding shares, followed by Philippe Laffont (Trades, Portfolio) with 0.26% and PRIMECAP Management (Trades, Portfolio) with 0.24%.
Alexion Pharmaceuticals
The investor closed the Alexion Pharmaceuticals Inc. (ALXN, Financial) holding, impacting the portfolio by -0.73%.
The company, which develops drugs for life-threatening medical conditions, has a market cap of $24.03 billion and an enterprise value of $24.51 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.14% and return on assets of 10.33% are outperforming 92% of companies in the biotechnology industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.82 is far below the industry median of 8.76.
The largest guru shareholder of the company is Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 1.29% of outstanding shares, followed by David Carlson (Trades, Portfolio) with 0.28%, Pioneer Investments (Trades, Portfolio) with 0.22% and Ray Dalio (Trades, Portfolio)’s Bridgewater Associates with 0.21%.
Netflix
Segalas trimmed his Netflix Inc. (NFLX, Financial) position by 17.96%. The trade had an impact of -0.62% on the portfolio.
Netflix has a market cap of $149.88 billion and an enterprise value of $157.87 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 24.45% and return on assets of 5.13% are outperforming 71% of companies in the media – diversified industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.36.
The company's largest guru shareholders include Frank Sands (Trades, Portfolio) with 1.10% of outstanding shares, Steve Mandel (Trades, Portfolio) with 0.54% and Andreas Halvorsen (Trades, Portfolio) with 0.99%.
Microsoft
The guru trimmed the Microsoft Corp. (MSFT, Financial) position by 9.05%. The portfolio was impacted by -0.48%.
The company, which provides software, hardware and services, has a market cap of $1.23 trillion and an enterprise value of $1.17 trillion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 42.69% and return on assets of 15.27% are outperforming 90% of companies in the software industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.79 is below the industry median of 2.21.
The largest guru shareholder of the company is PRIMECAP Management with 0.42% of outstanding shares, followed by Dodge & Cox with 0.34%, Fisher with 0.28% and Pioneer Investments with 0.24%.
Uber Technologies
The investor exited his position in Uber Technologies Inc. (UBER, Financial). The portfolio was impacted by -0.48%.
The ride-hailing company has a market cap of $58.46 billion and an enterprise value of $53.99 billion. The return on equity of -87.15% and return on assets of -37.16% are underperforming 89% of companies in the software industry. The cash-debt ratio of 1.69 is below the industry median of 2.21.
Halvorsen’s Viking Global Investors is the largest guru shareholder of the company with 0.85% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.61%, Laffont with 0.61%, Chase Coleman (Trades, Portfolio) with 0.39% and Mandel with 0.18%.
Disclosure: I do not own any stocks mentioned.
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