Seth Klarman (Trades, Portfolio)'s The Baupost Group manages a $7.98 billion equity portfolio composed of 30 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.
Cheniere Energy
The fund closed its position in Cheniere Energy Inc. (LNG). The trade had an impact of -4.03% on the portfolio.
The company has a market cap of $13.34 billion and an enterprise value of $45.50 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on assets of 3.38% is outperforming 77% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.06 is far below the industry median of 0.37.
The largest guru shareholder of the company is Carl Icahn (Trades, Portfolio) 8.25% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 0.12% and Pioneer Investments (Trades, Portfolio) with 0.03%.
The investment fund trimmed its holding in Facebook Inc. (FB) by 57.08%. The trade had an impact of -2.80% on the portfolio.
The social media company has a market cap of $747 billion and an enterprise value of $699 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 23.54% and return on assets of 18.01% are outperforming 88% of companies in the interactive media industry. Its financial strength is rated 8 out of 10 with a cash-debt ratio of 5.53.
The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio)'s Tiger Global Management with 0.31% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.20%, Steve Mandel (Trades, Portfolio) with 0.18% and Segalas with 0.17%.
Alphabet
The investment fund reduced its Alphabet Inc. (GOOG) position by 28.56%. The trade had an impact of -1.48% on the portfolio.
The holding company has a market cap of $1.06 trillion and an enterprise value of $954.19 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.77% and return on assets of 11.7% are outperforming 78% of companies in the interactive media industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 7.5 is above the industry median of 4.73.
The largest guru shareholder is Dodge & Cox with 0.39% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.21%.
Energy Transfer
The fund closed its Energy Transfer LP (ET) holding. The portfolio was impacted by -0.83%.
The company, which owns crude oil platforms, natural gas and natural gas liquid assets, has a market cap of $17.50 billion and an enterprise value of $82.66 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 6.52% and return on assets of 1.42% are outperforming 67% of companies in the oil and gas industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.44.
The largest guru shareholder of the company is David Tepper (Trades, Portfolio) with 0.56% of outstanding shares, followed by David Abrams (Trades, Portfolio) with 0.50% and Louis Moore Bacon (Trades, Portfolio) with 0.36%.
ViacomCBS
The fund curbed its position in ViacomCBS Inc. (VIAC) by 16.28%. The portfolio was impacted by -0.76%.
The company has a market cap of $16.78 billion and an enterprise value of $37.05 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 22.67 % and return on assets of 9.5.67% are outperforming 80% of companies in the media, diversified industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.11 is below the industry median of 0.88.
The largest guru shareholder is Klarman with 3.06% of outstanding shares, followed by John Rogers (Trades, Portfolio) with 0.98% and Larry Robbins (Trades, Portfolio)' Glenview Capital with 0.93%.
Univar Solutions
The fund reduced its Univar Solutions Inc. (UNVR) holding by 76.67%, impacting the portfolio by -0.67%.
The company, which manufactures a variety of specialty chemicals and chemical-based products, has a market cap of $3.05 billion and an enterprise value of $5.55 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 0.3% and return on assets of 0.08% are underperforming 78% of companies in the chemicals industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.18 is below the industry median of 0.66.
The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 5.63% of outstanding shares, followed by Steven Romick (Trades, Portfolio)'s FPA Crescent Fund with 4.52%.
PG&E
The investment fund curbed its holding in PG&E Corp. (PCG) by 51.53%, impacting the portfolio by -0.66%.
The holding company has a market cap of $18.59 billion and an enterprise value of $57.67 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -102.74% and return on assets of -7.56% are underperforming 98% of companies in the utilities - regulated industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.02 is far below the industry median of 0.26.
The largest guru shareholder is David Abrams (Trades, Portfolio) with 1.26% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 1.13% and George Soros (Trades, Portfolio) with 0.59%.
Disclosure: I do not own any stocks mentioned.
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