Steven Cohen (Trades, Portfolio)'s Point72 Asset Management manages a $15.33 billion equity portfolio composed of 778 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.
Micron Technology
The firm's Micron Technology Inc. (MU, Financial) position was trimmed by 98.19% The portfolio was impacted by -2.08%.
The company, which provides DRAM for PCs and servers, has a market cap of $49.57 billion and an enterprise value of $48.14 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 6.19% and return on assets of 4.58% are outperforming 53% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.2 is below the industry median of 1.5.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 4.63% of outstanding shares, followed by David Tepper (Trades, Portfolio)'s Appaloosa with 0.84% and the Parnassus Endeavor Fund (Trades, Portfolio) with 0.58%.
JD.com
The firm reduced its position in JD.com Inc. (JD, Financial) by 60.06%. The trade had an impact of -1.09% on the portfolio.
The Chinese e-commerce company has a market cap of $115.28 billion and an enterprise value of $104.12 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 24.08% and return on assets of 7.87% are outperforming 85% of companies in the cyclical retail industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 3.21 is below the industry median of 0.46.
The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio) with 3.32% of outstanding shares, followed by Dodge & Cox with 0.58% and Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors with 0.53%.
CSX
The firm exited its position in CSX Corp. (CSX, Financial).The portfolio was impacted by -0.90%.
The company, which is focused on rail transportation and real estate in the U.S., has a market cap of $58.29 billion and an enterprise value of $72.70 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 24.13% and return on assets of 7.52% are outperforming 88% of companies in the transportation industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.15 is below the industry median of 0.29.
The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.58% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.17% and PRIMECAP Management with 0.16%.
Bank of New York Mellon
The firm curbed its Bank of New York Mellon Corp. (BK, Financial) holding by 89.68%, impacting the portfolio by -0.87%.
The investment company has a market cap of $33.26 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.11% is outperforming the sector, the return on assets of 1.08% is underperforming 51% of companies in the asset management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 4.54 is far below the industry median of 21.
The largest guru shareholder is Warren Buffett (Trades, Portfolio) with 8.17% of outstanding shares, followed by Dodge & Cox with 6.11% and First Eagle Investment (Trades, Portfolio) with 2.09%.
Take-Two Interactive
The firm trimmed its holding of Take-Two Interactive Software Inc. (TTWO, Financial) by 85.01%. The portfolio was impacted by -0.87%.
The independent video game publisher has a market cap of $19.74 billion and an enterprise value of $17.64 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 18.83% and return on assets of 9.16% are outperforming 73% of companies in the interactive media industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 12.62 is above the industry median of 4.56.
The largest guru shareholder is Simons' firm with 1.18% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.53% and Daniel Loeb (Trades, Portfolio) 0.44%.
Baidu
The firm trimmed its Baidu Inc. (BIDU, Financial) position by 88.41%. The trade had an impact of -0.83% on the portfolio.
The Chinese internet search engine has a market cap of $43.86 billion and an enterprise value of $34.08 billion.
While the return on equity of 2.24% is underperforming the sector, the return on assets of 1.2% is outperforming 51% of companies in the interactive media industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 1.98.
The largest guru shareholder of the company is Simons' firm with 2.90% of outstanding shares, followed by PRIMECAP Management with 2.35% and Dodge & Cox with 1.97%.
Applied Materials
The investment firm trimmed its position in Applied Materials Inc. (AMAT, Financial) by 86.22%. The portfolio was impacted by -0.78%.
The semiconductor company has a market cap of $56.65 billion and an enterprise value of $57.60 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 36.55% and return on assets of 15.84% are outperforming 92% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.83 is below the industry median of 1.5.
The largest guru shareholder of the company is Chris Davis (Trades, Portfolio) with 1.78% of outstanding shares, followed by PRIMECAP Management with 0.59% and the Parnassus Endeavor Fund with 0.58%.
Disclosure: I do not own any stocks mentioned.
Read more here:
- Generation Investment Cuts Charles Schawab, MercadoLibre
- MFP Investors Cuts AT&T, Exits WABCO
- Tiger Management Exits Alibaba, Cuts Amazon
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
