Steven Romick (Trades, Portfolio) sold shares of the following holdings during the fourth quarter.
Mylan
The investor sold out of Mylan NV (MYL). The portfolio was impacted by -1.42%.
The generic pharmaceutical manufacturer has a market cap of $11.18 billion and an enterprise value of $23.97 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 0.4% and return on assets of 0.15% are underperforming 55% of companies in the drug manufacturers industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.93.
The largest guru shareholder of the company is Vanguard Health Care Fund (Trades, Portfolio) with 8.85% of outstanding shares, followed by Richard Pzena (Trades, Portfolio)’s Pzena Investment Management with 3.76% and John Paulson (Trades, Portfolio) with 2.33%.
Bank of America
The guru trimmed his Bank of America Corp. (BAC) position by 36.21%. The portfolio was impacted by -1.28%.
The American financial institution has a market cap of $306.70 billion and an enterprise value of $439.74 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.72% and return on assets of 1.14% are outperforming 53% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.64 is below the industry median of 1.12.
The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway with 10.31% of outstanding shares, followed by Dodge & Cox with 1.29%, PRIMECAP Management (Trades, Portfolio) with 0.42% and Bill Nygren (Trades, Portfolio)’s Oakmark Fund with 0.20%.
LPL Financial Holdings
Romick reduced the LPL Financial Holdings Inc. (LPLA) holding by 26.81%, impacting the portfolio by -0.58%.
The company, which provides proprietary technology, brokerage and investment advisor services, has a market cap of $7.93 billion and an enterprise value of $9.09 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 55.26% and return on assets of 10.11% are outperforming 86% of companies in the capital markets industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.56 is below the industry median of 2.26.
The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 3.23% of outstanding shares, followed by Romick with 2.11%, George Soros (Trades, Portfolio) with 0.63% and Steven Cohen (Trades, Portfolio)’s Point72 Asset Management with 0.18%.
United Technologies
Romick trimmed his United Technologies Corp. (UTX) position by 16.71%. The trade had an impact of -0.58% on the portfolio.
The company, which provides aerospace and building components and systems, has a market cap of $133.29 billion and an enterprise value of $175.01 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 13.26% and return on assets of 3.82% are outperforming 59% of companies in the aerospace and defense industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.16.
The company's largest guru shareholders include Dodge & Cox with 1.97% of outstanding shares, Barrow, Hanley, Mewhinney & Strauss with 0.98%, Chris Davis (Trades, Portfolio) with 0.91% and Daniel Loeb (Trades, Portfolio) with 0.70%.
Arconic
The guru trimmed his Arconic Inc. (ARNC) position by 10.45%. The portfolio was impacted by -0.56%.
The company, which produces aluminum and specialty metals products, has a market cap of $12.69 billion and an enterprise value of $17.78 billion.
While the return on equity of 7.35% is outperforming the sector, return on assets of 2.09% is underperforming 60% of companies in the industrial products industry. The cash-debt ratio of 0.21 is below the industry median of 0.87.
The largest guru shareholder of the company is Paul Singer (Trades, Portfolio) with 9.60% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 5.77% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.34%.
Baidu
The investor curbed his position in Baidu Inc. (BIDU) by 24.33%. The portfolio was impacted by -0.51%.
The Chinese Internet search engine has a market cap of $48.27 billion and an enterprise value of $41.44 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 10.18% and return on assets of 5.51% are underperforming 55% of companies in the Interactive Media industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 1.86 is below the industry median of 4.81.
The largest guru shareholder of the company is Dodge & Cox with 2.39% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 1.57% and David Herro (Trades, Portfolio) with 1.08%.
Mohawk Industries
The guru trimmed his position in Mohawk Industries Inc. (MHK) by 41.73%. The portfolio was impacted by -0.41%.
The company, which provides a wide range of flooring products, has a market cap of $10.01 billion and an enterprise value of $13.00 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 9.29% and return on assets of 5.3% are underperforming 58% of companies in the furnishings, fixtures and appliances industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.04.
Pzena is the largest guru shareholder of the company with 2.64% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 1.96%.
Disclosure: I do not own any stocks mentioned.
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