At the end of the second quarter of 2015, the hedge fund BTIM Corp reported a total value of its portfolio of $6.56 billion, with a decrease of 2.65% since the previous quarter. During the same quarter, the fund bought 18 new stocks and increased 112 stakes as I previously reported; it also sold out 11 stocks and decreased its stake in 192 stocks. Listed below are the most heavily-weighted sales.
It reduced its stake in Nike Inc. (NKE) by 3.70%. The Company sells its products to retail accounts, as well as through NIKE-owned in-line and factory retail stores and NIKE-owned internet websites, and through a mix of independent distributors and licensees. Its footwear and apparel products are produced outside the United States, while equipment products are produced both in the United States and abroad
The stock is trading with a P/E(ttm) ratio of 32.25, while other companies in the Global Footwear & Accessories industry have an average P/E(ttm) ratio of 20.50. The price of the stock has risen by 47% during the last 12 months (213% over the last 5 years) and is now hitting its all-time high. The current price is -0.16% from its 52-week high and +49.83% from its 52-week low.
The stock has positive returns (ROA +27.88% and ROE +16.63%) that are outperforming 91% of other companies in the same sector. Earnings per share of the company grew by 13.50% over the last 5 years, and revenue grew by 10.60%.
The main hedge fund holding shares of the company is Frank Sands (Trades, Portfolio) with 1.58% of outstanding shares, followed by the hedge fund of Steven Mandel with 0.66% of shares outstanding of NKE and Jeremy Grantham (Trades, Portfolio) who holds 0.48%.
It reduced its stake in Accenture Plc (ACN) by 3.26%. The Company is engaged in providing management consulting, technology and outsourcing services to clients. The Company operates in five segments including Communications, Media & Technology; Financial Services; Health & Public Service; Products; and Resources.
The stock is trading with a P/E(ttm) ratio of 21.67, while other companies in the Global Information Technology Services industry have an average P/E(ttm) ratio of 25.90. The price of the stock has risen by 26% during the last 12 months (151% over the last 5 years) and is now hitting its all-time high. The current price is -0.15% from its 52-week high and +37.17% from its 52-week low.
The stock has positive returns (ROA +17.37% and ROE +52.53%) that are outperforming 91% of other companies in the same sector. Earnings per share of the company grew by 18.40% over the last 5 years, and revenue grew by 10.10%.
The main hedge fund holding shares of the company is Jeremy Grantham (Trades, Portfolio) with 0.52% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 0.26% of shares outstanding of ACN and First Eagle Management which holds 0.07%.
It reduced its stake in T Rowe Price Group Inc. (TROW) by 3.12%. The Company, through its subsidiaries, provides investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. The Company manages U.S. and international stock, blended asset, bond, money market mutual funds and other investment portfolios that are designed to meet the needs and objectives of individual and institutional investors.
The stock is trading with a P/E(ttm) ratio of 17.49, while other companies in the Global Asset Management industry have an average P/E(ttm) ratio of 13.00. The price of the stock has dropped by 4% during the last 12 months (rose by 65% over the last 5 years) and is now -10.96% from its 52-week high and +9.95% from its 52-week low.
The stock has positive returns (ROA +21.66% and ROE +23.30%) that are outperforming 89% of other companies in the same sector. Earnings per share of the company grew by 20.40% over the last 5 years, and revenue grew by 15.20%.
The main guru holding shares of the company is Bill Nygren with 0.9% of outstanding shares, followed by the hedge fund of Jim Simons with 0.18% of shares outstanding of TROW and John Rogers who holds 0.18%.
It reduced its stake in Costco Wholesale Corp. (COST) by 1.80%. The Company and its subsidiaries operate membership warehouses. It offers its members low prices on a limited selection of nationally branded and select private-label products in merchandise categories.
The stock is trading with a P/E(ttm) ratio of 27.75, while other companies in the Global Discount Stores industry have an average P/E(ttm) ratio of 23.40. The price of the stock has risen by 24% during the last 12 months (161% over the last 5 years) and is now -6.96% from its 52-week high and +24.94% from its 52-week low.
The stock has positive returns (ROA +6.89% and ROE +20.14%) that are outperforming 78% of other companies in the same sector. Earnings per share of the company grew by 14.40% over the last 5 years, and revenue grew by 9.90%.
The main hedge fund holding shares of the company is Warren Buffett (Trades, Portfolio) who holds 0.99% of outstanding shares, followed by the hedge fund of Chris Davis (Trades, Portfolio) with 0.79% of shares outstanding of COST and Jeremy Grantham (Trades, Portfolio) who holds 0.45%.
It reduced its stake in Apple Inc. (AAPL) by 1.37%. The Company designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a variety of related software, services, accessories, networking solutions, and third-party digital content and applications.
The stock is trading with a P/E(ttm) ratio of 16.13, while other companies in the Global Consumer Electronics industry have an average P/E(ttm) ratio of 18.00. The price of the stock has risen by 28% during the last 12 months (234% over the last 5 years) and is now -7.66% from its 52-week high and +33.18% from its 52-week low.
The stock has positive returns (ROA +20.20% and ROE +39.51%) that are outperforming 97% of other companies in the same sector. Earnings per share of the company grew by 38.40% over the last 5 years, and revenue grew by 35.60%.
The main hedge fund holding shares of the company is Carl Icahn with 0.92% of outstanding shares, followed by the hedge fund of Ken Fisher with 0.19% of shares outstanding of AAPL and Jeremy Grantham (Trades, Portfolio) who holds 0.27%.
Other sales
It also sold out its stake in Blackbaud Inc. (BLKB), Commercial Metals Co (CMC), ICU Medical Inc (ICUI), HCC Insurance Holdings (HCC) and The Whitewave Foods Company (WWAV)
