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Tiziano Frateschi
Tiziano Frateschi
Articles (2713)  | Author's Website |

GMO LLC Trims Cognizant, Wayfair

Firm's largest sales of the 2nd quarter

Jeremy Grantham (Trades, Portfolio)'s GMO LLC manages a $13.46 billion equity portfolio composed of 736 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.

Cognizant

The fund closed its position in Cognizant Technology Solutions Corp. (CTSH). The trade had an impact of -1.25% on the portfolio.

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The provider of IT services has a market cap of $36.62 billion and an enterprise value of $35.51 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.04% and return on assets of 9.73% are outperforming 76% of companies in the software industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 1.32 is below the industry median of 2.15.

The largest guru shareholder of the company is Dodge & Cox with 4.37% of outstanding shares, followed by Al Gore (Trades, Portfolio) with 2.97% and Richard Pzena (Trades, Portfolio) with 1.62%.

Allergan

The fund's Allergan PLC holding was closed due to being delisted following its merger with AbbVie (ABBV). The portfolio was impacted by -0.68%.

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ISHARES

The fund's ISHARES Inc. (IEMG) ETF stake was cut by 46.69%. The portfolio was impacted by -0.66%.

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The Stars

The fund's The Stars Group Inc. (TSG) position was closed. The portfolio was impacted by -0.54%.

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The online and mobile gaming company has a market cap of $7.91 billion and an enterprise value of $12.17 billion.

The return on equity of 1.46% and return on assets of 0.56% are above the industry medians of 0.86% and 0.25%, respectively. The cash-debt ratio of 0.15 is below the industry median of 0.44.

Tech Data

The fund exited its position in Tech Data Corp. (TECD). The portfolio was impacted by -0.46%.

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The wholesale distributor of technology products has a market cap of $5.17 billion and an enterprise value of $5.78 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 12.24% and return on assets of 2.93% are outperforming 54% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.57 is below the industry median of 1.33.

The largest guru shareholder is Mario Gabelli (Trades, Portfolio)'s GAMCO Investors with 0.12% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio)'s Gotham Asset Management with 0.03%.

Mellanox

The fund closed its Mellanox Technologies Ltd. (MLNX) holding, impacting the portfolio by -0.45%.

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The provider of IT services has a market cap of $7.02 billion and an enterprise value of $6.09 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 16.67% and return on assets of 13.18% are outperforming 89% of companies in the semiconductors industry. Its financial strength is rated 9 out of 10. The company has no debt.

Wayfair

The investment fund curbed its holding of Wayfair Inc. (W) by 74.71%. The portfolio was impacted by -0.43%.

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The e-commerce company has a market cap of $29.96 billion and an enterprise value of $30.44 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on assets of -20.11% is underperforming 91% of companies in the retail, cyclical industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.83 is above the industry median of 0.46.

The largest guru shareholder is Ruane Cunniff (Trades, Portfolio) with 3.11% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.42% and Grantham with 0.34%.

Cypress Semiconductor

The investment fund closed its Cypress Semiconductor Corp. (CY) position. The trade had an impact of -0.35% on the portfolio.

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The provider of advanced embedded systems has a market cap of $8.93 billion and an enterprise value of $9.29 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 1.92% and return on assets of 1.11% are outperforming 61% of companies in the semiconductors industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.54 is below the industry median of 1.46.

Costco

The investment fund reduced its holding in Costco Wholesale Corp. (COST) by 92.46%. The portfolio was impacted by -0.34%.

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The warehouse club has a market cap and enterprise value of $150 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.48% and return on assets of 7.69% are outperforming 88% of companies in the retail, defensive industry. Its financial strength is rated 7 out of 10 with a cash-debt ratio of 1.01.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 0.98% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.74% and Spiros Segalas (Trades, Portfolio) with 0.44%.

Disclosure: I do not own any stocks mentioned.

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About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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