At the end of the second quarter of 2015, the hedge fund Zenit Asset Management Ab reported a total value of its portfolio of $647.56 million, with an increase of 7.46% since the previous quarter.
During the Q2 2015, the hedge fund bought 13 new stocks and increased 12 stakes. In my previous article, I listed the top 5 buys, and here I want to list the top stakes the fund sold out.
The fund sold out its stake in Amazon.com Inc. (AMZN) which is an online retailer. The Company sells its products through its website. It also provides services such as advertising services and co-branded credit card agreements. It operates in two geographical segments: North America and International. The Company serves its consumers through its retail websites with respect to criteria such as selection, price and convenience.
During the last 12 months, the price has risen by 34% and is now trading with a forward P/E ratio of 98.04 that is ranked lower than 97% of the 378{C}{C} companies in the Global Specialty Retail industry, which has an average forward P/E ratio of 15.41.
The company has a profitability and growth rated 7/10 with negative returns (ROE -3.84% and ROA -0.93%) and a financial strength rated 5/10 with a cash to debt ratio of 1.67.
Chris Davis is the main hedge fund holding shares of the company with 0.99% of shares outstanding, followed by Jeremy Grantham (Trades, Portfolio) with 0.81% and Ken Fisher (Trades, Portfolio) with 0.53%.
The fund sold out its stake in Atlas Pipeline Partners LP. (APL) which is a provider of natural gas gathering, processing and treating services primarily in the Anadarko, Arkoma and Permian Basins located in the southwestern and mid-continent regions of the United States. It conducts its business in the midstream segment of the natural gas industry through two reportable segments: Gathering and Processing; and Transportation, Treating and other.
During the last 12 months, the price has dropped by 27% and is now trading with a dividend yield of 9.50 that is ranked higher than 83% of the 115 companies in the Global Oil & Gas Midstream industry, which has an average dividend yield ratio of 6.11.
The company has a profitability and growth rated 2/10 and a financial strength rated 5/10.
APL is not currently held by any guru. The last guru shareholder was Leon Cooperman (Trades, Portfolio) who during the first quarter of 2015, sold out his stake with an impact of 1.5% on his portfolio.
The fund sold out its stake in Talisman Energy Inc. (TLM) which is a Canadian-based independent oil and gas producers company. Its main business activities are exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids. In 2014, the Company's activities were conducted in four geographic segments: North America, the North Sea, Southeast Asia, and Other.
During the last 12 months, the price has dropped by 27% and is now trading with a forward P/E ratio of 454.55 is ranked lower than 97% of the 214 companies in the Global Oil & Gas E&P industry, which has an average forward P/E ratio of 25.13.
The company has a profitability and growth rated 5/10 with negative returns (ROE -11.46% and ROA -5.27%) and a financial strength rated 6/10 with a cash to debt ratio of 0.05.
John Paulson (Trades, Portfolio) is the main hedge fund and he holds 6.76% of outstanding shares of the company, followed by Eric Mindich (Trades, Portfolio) with 1.44% and Mario Gabelli (Trades, Portfolio) with 0.22% of outstanding shares.
The fund sold out its stake in TripAdvisor Inc. (TRIP) which is an online travel company, empowering users to plan the perfect trip. The Company's travel research platform aggregates reviews and opinions from its community about destinations, accommodations, restaurants and related activities through its flagship TripAdvisor brand.
During the last 12 months, the price has dropped by 8% and is now trading with a forward P/E ratio of 31.55 is ranked lower than 71% of the 196 companies in the Global Internet Content & Information industry, which has an average forward P/E ratio of 32.10.
The company has a profitability and growth rated 7/10 with positive returns (ROE 20.62% and ROA 11.69%) and a financial strength rated 9/10 with a cash to debt ratio of 1.89.
Manning & Napier Advisors, Inc is the main hedge fund holding shares of the company, with 2.40% of shares outstanding, or 1.31% of total assets. On second position there is Pioneer Investments (Trades, Portfolio) with 0.09% of outstanding shares.
The fund sold out its stake in Capital One Financial Corp. (COF) which is a diversified financial services company who's banking and non-banking subsidiaries market a variety of financial products and services. The Company offers its products throughout the United States. It also offers its products outside of the United States through Capital One Bank (Europe) plc, an indirect subsidiary of COBNA organized and located in the United Kingdom and through a branch of COBNA in Canada.
During the last 12 months, the price has risen by 10% and is now trading with a forward P/E ratio of 11.17 that is ranked lower than 51% of the 65companies in the Global Credit Services industry, which has an average forward P/E ratio of 11.06.
The company has a profitability and growth rated 7/10 with positive returns (ROE 9.76% and ROA 1.47%) and a financial strength rated 6/10 with a cash to debt ratio of 0.22.
Dodge & Cox is the main hedge fund holding shares of the company with 8.57% of shares outstanding, followed by James Barrow (Trades, Portfolio) with 3.51% and HOTCHKIS & WILEY with 0.97%.
Also check out:
