Mario Gabelli (Trades, Portfolio)'s GAMCO Investors manages a $8.79 billion equity portfolio composed of 839 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.
Hertz
The fund trimmed its position in Hertz Global Holdings Inc. (HTZ) by 82.84%. The trade had an impact of -0.46% on the portfolio.
The provider of rental service for automobiles has a market cap of $232 billion and an enterprise value of $13.65 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -88.18% and return on assets of -4.59% are underperforming 77% of companies in the business services industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.09 is below the industry median of 0.76.
The largest guru shareholder of the company is GAMCO Investors with 0.83% of outstanding shares, followed by Philippe Laffont (Trades, Portfolio) with 0.71%.
Sony
The fund reduced its Sony Corp. (SNE) holding by 18.26%. The portfolio was impacted by -0.38%.
The developer and marketer of consumer electronics has a market cap of $101 billion and an enterprise value of $93 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 16.23% and return on assets of 2.94% are outperforming 54% of companies in the hardware industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 1.75 is above the industry median of 1.36.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 2.70% of outstanding shares, followed by Gabelli's firm with 0.20% and Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.09%.
Mondelez
The fund sold 30.85% of its position in Mondelez International Inc. (MDLZ). The portfolio was impacted by -0.32%.
The producer of snacks, biscuits and beverages has a market cap of $81.8 billion and an enterprise value of $100.46 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 13.07% and return on assets of 5.39% are outperforming 75% of companies in the consumer packaged goods industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.08 is far below the industry median of 0.43.
The largest guru shareholder is Diamond Hill Capital (Trades, Portfolio) with 0.53% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.23% and HOTCHKIS & WILEY with 0.18%.
American Express
The fund cut its American Express Co. (AXP) holding by 17.11%, impacting the portfolio by -0.25%.
The credit card operator has a market cap of $77 billion and an enterprise value of $86 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 17.77% and return on assets of 2.11% are outperforming 59% of companies in the credit services industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.82 is above the industry median of 0.29.
The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio) with 18.83% of outstanding shares, followed by Dodge & Cox with 2.05% and Ken Fisher (Trades, Portfolio) with 1.81%.
Republic Services
The investment fund trimmed its holding in Republic Services Inc. (RSG) by 20.34%. The trade had an impact of -0.25% on the portfolio.
The company has a market cap of $28.46 billion and an enterprise value of $37.11 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 13.11% and return on assets of 4.7% are outperforming 78% of companies in the waste management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.4.
The largest guru shareholder of the company is GAMCO Investors with 0.35% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.33% and Cohen's firm with 0.13%.
Cypress Semiconductors
The investment fund exited its holding in Cypress Semiconductors Corp. (CY). The trade had an impact of -0.25% on the portfolio.
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 is 1.92% and the return on assets is 1.11%. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.54 is below the industry median of 1.46.
El Paso Electric
The investment fund reduced its El Paso Electric Co. (EE) position by 24.93%. The trade had an impact of -0.23% on the portfolio.
The public utility company has a market cap of $2.79 billion and an enterprise value of $4.36 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 6.88% and return on assets of 2.16% are underperforming 57% of companies in the regulated utilities industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.04.
The largest guru shareholder of the company is GAMCO Investors with 2.10% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio)'s GMO with 1.89%.
Disclosure: I do not own any stocks mentioned.
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