Al Gore (Trades, Portfolio)'s Generation Investment Management LLP manages a $17.34 billion equity portfolio composed of 39 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.
Charles Schwab
The fund reduced its position in Charles Schwab Corp. (SCHW) by 18.08%. The trade had an impact of -1.40% on the portfolio.
The company, which operates in the brokerage, banking and asset-management businesses, has a market cap of $45.64 billion and an enterprise value of $25.86 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 12.72% is outperforming the sector, return on assets of 1.01% is underperforming 51% of companies in the capital markets industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 3.94 is above the industry median of 2.53.
The largest guru shareholder of the company is the Dodge & Cox with 7.43% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 2.23%.
MercadoLibre
The fund's MercadoLibre Inc. (MELI) position was cut by 46.29%. The portfolio was impacted by -1.06%.
The company has a market cap of $60.44 billion and an enterprise value of $58.64 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of -8.14% and return on assets of -3.48% are underperforming 74% of companies in the retail, cyclical industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 2.36 is below the industry median of 0.46.
The largest guru shareholder of the company is Frank Sands (Trades, Portfolio) with 0.80% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.45% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.45%.
Illumina
The fund trimmed its position in Illumina Inc. (ILMN) by 29.17%. The portfolio was impacted by -0.95%.
The company, which provides tools and services to analyze genetic material with life science and clinical lab applications, has a market cap of $51.62 billion and an enterprise value of $50.24 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.34% and return on assets of 9.66% are outperforming 82% of companies in the medical diagnostics and research industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.73 is above the industry median of 1.42.
The largest guru shareholder is Sands with 2.18% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.81%.
Twilio
The fund trimmed its Twilio Inc. (TWLO) holding by 58.28%, impacting the portfolio by -0.85%.
The communication platform-as-a-service company has a market cap of $37.93 billion and an enterprise value of $36.73 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -8.69% and return on assets of -7.22% are underperforming 73% of companies in the interactive media industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of below is above the industry median of 4.56.
The largest guru shareholder of the company is Sands with 2.12% of outstanding shares, followed by Chase Coleman (Trades, Portfolio) with 1.33% and Spiros Segalas (Trades, Portfolio) with 0.67%.
Alphabet
The investment fund trimmed its holding of Alphabet Inc. (GOOG) by 9.96%. The portfolio was impacted by -0.82%.
The holding company has a market cap of $1.12 trillion and an enterprise value of $1.02 trillion.
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 75% 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 4.56.
The largest guru shareholder is Dodge & Cox with 0.39% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.21% and Pioneer Investments (Trades, Portfolio) with 0.14%.
Salesforce.com
The investment fund curbed its Salesforce.com Inc. (CRM) position by 33.09%. The trade had an impact of -0.64% on the portfolio.
The company, which provides enterprise cloud computing solutions, has a market cap of $245.36 billion and an enterprise value of $241.92 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -0.62% and return on assets of -0.37% are underperforming 62% of companies in the software industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.68 is above the industry median of 2.14.
The largest guru shareholder is Fisher with 1.28% of outstanding shares, followed by Segalas with 0.80% and Pioneer Investments (Trades, Portfolio) with 0.44%.
Thermo Fisher Scientific
The investment fund reduced its holding in Thermo Fisher Scientific Inc. (TMO) by 13.99%. The portfolio was impacted by -0.54%.
The company, which provides scientific instruments, laboratory equipment, diagnostics consumables and life science reagents, has a market cap of $168.38 billion and enterprise value of $183.88 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 12.68% and return on assets of 6.32% are outperforming 75% of companies in the medical diagnostics and research industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.27 is above the industry median of 1.42.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 1.20% of outstanding shares, followed by Vanguard Health Care Fund (Trades, Portfolio) with 0.85%.
Disclosure: I do not own any stocks mentioned.
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