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David Carlson's Elfun Trusts Cuts Visa, Apple, Microsoft

Firm's largest sales of the 1st quarter

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Tiziano Frateschi
May 04, 2020
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David Carlson (Trades, Portfolio)'s Elfun Trusts sold shares of the following stocks during the first quarter of 2020.

Allergan

The firm closed the Allergan PLC (AGN) position. The portfolio was impacted by -1.87%.

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The pharmaceutical manufacturer has a market cap of $62.57 billion and an enterprise value of $79.9 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -8.7% and return on assets of -5.44% are outperforming 62% of companies in the drug manufacturer industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.26 is below the industry median of 0.94.

The largest guru shareholder of the company is

Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 1.53% of outstanding shares, followed by Daniel Loeb (Trades, Portfolio)’s Third Point with 1.09% and John Paulson (Trades, Portfolio) with 0.81%.

Gilead

The guru's firm curbed its Gilead Sciences Inc. (GILD) holding by 78.96%. The portfolio was impacted by -1.22%.

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The manufacturer of drugs to treat infectious diseases has a market cap of $100.66 billion and an enterprise value of $101.02 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 24.69% and return on assets of 8.67% are outperforming 80% of companies in the drug manufacturers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.99 is above the industry median of 0.94.

The largest guru shareholder of the company is Dodge & Cox with 1.39% of outstanding shares, followed by Simons’ firm with 1.35% and Pioneer Investments (Trades, Portfolio) with 0.35%.

Charter Communications

The firm slashed its position of Charter Communications Inc. (CHTR) by 32.88%, impacting the portfolio -1.09%.

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The entertainment company has a market cap of $119.36 billion and an enterprise value of $203.51 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 4.86% and return on assets of 1.14% are outperforming 51% of companies in the media, diversified industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.88.

The largest guru shareholder of the company is Dodge & Cox with 3.63% of outstanding shares, followed by

Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway with 2.32% and Bill Nygren (Trades, Portfolio)’s Oakmark Fund with 0.40%.

Apple

The investment firm cut its position in Apple Inc. (AAPL) by 23.68%. The trade had an impact of -1.07% on the portfolio.

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The consumer electronic designer and producer has a market cap of $1.26 trillion and an enterprise value of $1.27 trillion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 57.5% and return on assets of 16.75% are outperforming 97% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.99 is below the industry median of 1.29.

The largest guru shareholder of the company is Buffett’s firm with 5.60% of outstanding shares, followed by

Ken Fisher (Trades, Portfolio) with 0.32% and Pioneer Investments (Trades, Portfolio) with 0.20%.

Visa

The firm cut its Visa Inc. (V) position by 17.58%. The trade had an impact of -0.96% on the portfolio.

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The credit card giant has a market cap of $386.76 billion and an enterprise value of $396.24 billion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 35.7% and return on assets of 17.23% are underperforming 98% of companies in the credit services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.76 outperforms 66% of competitors.

Fisher’s firm is the largest guru shareholder of the company with 0.92% of outstanding shares. Other notable shareholders are

Frank Sands (Trades, Portfolio) with 0.68% and Buffett with 0.48%.

Microsoft

The firm reduced its holding in Microsoft Corp. (MSFT) by 15.31%. The trade had an impact of -0.96% on the portfolio.

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The software and hardware developer has a market cap of $1.32 trillion and an enterprise value of $1.26 trillion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 43.82% and return on assets of 16.56% are outperforming 93% of other companies in the software industry. Its financial strength is rated 10 out of 10. The cash-debt ratio of 1.86 is below the industry median of 2.3.

The largest guru shareholder of the company is

PRIMECAP Management (Trades, Portfolio) 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.

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