Lee Ainslie (Trades, Portfolio) of Maverick Capital sold shares of the following stocks during the fourth quarter of 2019.
Owens-Corning
The guru trimmed the Owens-Corning Inc. (OC) position by 98.93%. The portfolio was impacted by -2.97%.
The glass fiber manufacturer has a market cap of $6.85 billion and an enterprise value of $10.18 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.64% and return on assets of 5.01% are outperforming 67% of companies in the construction industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.59.
Barrow, Hanley, Mewhinney & Strauss is the largest guru shareholder with 1.15% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.55% and Chris Davis (Trades, Portfolio) with 0.29%.
Centene
The investor curbed his Centene Corp. (CNC) position by 56.33%. The portfolio was impacted by -2.6%.
The healthcare plans provider has a market cap of $39.04 billion and an enterprise value of $39.88 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 11.11% and return on assets of 3.79% are underperforming 75% of companies in the healthcare plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.95 is above the industry median of 0.82.
Andreas Halvorsen (Trades, Portfolio)’s Viking Global Investors is the largest guru shareholder with 1.86% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 1.48% and Ainslie with 0.54%.
Graphic Packaging Holding
Ainslie closed his Graphic Packaging Holding Co. (GPK) holding. The portfolio was impacted by -2.03%.
The manufacturer of paper-based packaging products has a market cap of $4.75 billion and enterprise value of $8.15 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 13.17% and the return on assets of 2.86% are outperforming 54% of companies in the packaging and containers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.05 is below the industry median of 0.29.
The largest guru shareholder of the company is the Steven Cohen (Trades, Portfolio)’s Point72 Asset Management with 1.01% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.60% and Joel Greenblatt (Trades, Portfolio)’s Gotham Asset Management with 0.17%.
KAR Auction Services
The guru curbed his KAR Auction Services Inc. (KAR) position by 96.15%. The trade had an impact of -1.97% on the portfolio.
The provider of services for wholesale-used cars has a market cap of $2.85 billion and an enterprise value of $6.02 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 14.91% and return on assets of 3.3% are outperforming 58% of companies in the retail industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.14.
The company's largest guru shareholders include Simons with 0.58% of outstanding shares, Mario Gabelli (Trades, Portfolio)’s GAMCO Investors with 0.34% and Ainslie with 0.16%.
Booking Holdings
The investor cut his Booking Holdings Inc. (BKNG) position by 96.42%. The portfolio was impacted by -1.86%.
The online travel agency has a market cap of $82.72 billion and an enterprise value of $84.24 billion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 58.79% and return on assets of 19.31% are outperforming 95% of companies in the travel and leisure industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.83.
The largest guru shareholders of the company are Dodge & Cox with 3.40% of outstanding shares, Pioneer Investments (Trades, Portfolio) with 0.74% and Yacktman Asset Management (Trades, Portfolio) with 0.51%.
Humana
Ainslie trimmed the Humana Inc. (HUM) position by 45.88%. The portfolio was impacted by -1.48%.
The provider of Medicare Advantage plans has a market cap of $49.16 billion and an enterprise value of $40.02 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.95% and return on assets of 9.6% are outperforming 70% of companies in the healthcare plans industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.69 is below the industry median of 0.82.
Other guru shareholders of the company include Simons with 2.23% of outstanding shares, Steve Mandel (Trades, Portfolio)’s Lone Pine Capital with 1.11% and Vanguard Health Care Fund (Trades, Portfolio) with 0.96%.
Microsoft
The investor reduced the Microsoft Corp. (MSFT) position by 53.19%. The portfolio was impacted by -1.43%.
The software and hardware provider has a market cap of $1.42 trillion and an enterprise value of $1.37 trillion.
GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 43.84% and return on assets of 16.17% are outperforming 92% of companies in the software industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 1.75.
PRIMECAP Management (Trades, Portfolio) is the largest guru shareholder of the company with 0.41% of outstanding shares, followed by Dodge & Cox with 0.34% and Pioneer Investments (Trades, Portfolio) with 0.29%.
Disclosure: I do not own any stocks mentioned.
Read more here:
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- Pioneer Investments Buys Microsoft, Amazon, Apple
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