At the end of the second quarter of 2015, the hedge fund One Capital Management reported a total value of its portfolio of $348,999,000 with an increase of 4.90% over the previous quarter.
During Q2 2015, the hedge-fund sold out 12 stocks and reduced 31 stakes, and the following are the most heavily weighted sales.
It sold out its stake of Allergan PLC (AGN), which is an integrated specialty pharmaceutical company. The Company is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. It also develops and out-license generic pharmaceutical products in Europe through its Medis third-party business.
Before the sale, the stake amounted to 1.35% of total value of its portfolio.
The stock is trading with a forward P/E ratio of 17.76 and the price has risen by 25% (year-to date) and by 680% over the last 5 years.
During the second quarter of 2015, two gurus increased their stakes in AGN: Ken Fisher (Trades, Portfolio) by 10.73% and Mario Gabelli by 6.07%.
The main hedge fund holding shares of the company is now Vanguard Health Care Fund (Trades, Portfolio) which holds 2.30% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 1.56%, and John Paulson (Trades, Portfolio) with 1.44%.
It reduced its stake in General Electric Co (GE) by 89.78%. It is a diversified infrastructure and financial services company. Its products and services range from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products.
The stock is trading with a forward P/E ratio of 16.86 and the price has risen by 4% (year-to date) and by 59% over the last 5 years.
During the second quarter of 2015, GE has been sold out by guru Ronald Muhlenkamp (Trades, Portfolio), while Ken Fisher (Trades, Portfolio) increased his stake, and Mario Gabelli (Trades, Portfolio), and Manning & Napier Advisors Inc reduced their stakes.
At the end of the second quarter, Dodge & Cox was the main guru holding shares of the company (0.38% of shares outstanding), followed by Brian Rogers (Trades, Portfolio) with 0.31% and Ken Fisher (Trades, Portfolio) with 0.30%.
It reduced its stake in Wells Fargo & Co. (WFC) by 49.93%. It is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries.
The stock is trading with a forward P/E ratio of 13.07 and the price has risen by 5% (year-to date) and by 104% over the last 5 years.
During the last quarter (Q2 2015), five gurus reduced their stakes in WFC: John Hussman (Trades, Portfolio), Arnold Van Den Berg (Trades, Portfolio), Brian Rogers (Trades, Portfolio), Yacktman Fund (Trades, Portfolio) and Mario Gabelli (Trades, Portfolio). Two gurus increased their stakes: Manning & Napier Advisors, Inc by 719% and Ken Fisher (Trades, Portfolio) by 0.90%.
Warren Buffett (Trades, Portfolio) is the main guru who holds shares of the company, with 9.13% of outstanding shares, followed by Dodge & Cox with 1.40%, and James Barrow (Trades, Portfolio) with 0.84%.
The fund reduced its stake in Intel Corp (INTC) by 16.91%. The Company designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset, and may be enhanced by additional hardware, software, and services.
The stock is trading with a forward P/E ratio of 12.06 and the price has dropped by 20% (year-to-date) and by 40% over the last 5 years.
During the second quarter of 2015, John Hussman (Trades, Portfolio), reduced his stake by 69.38%. Steven Romick (Trades, Portfolio) sold out his stake that was 0.55% of his total assets), Ken Fisher (Trades, Portfolio) increased his stake by 1.01%, and Mario Gabelli (Trades, Portfolio)  increased his stake by 31.23%. Manning & Napier Advisors reduced its stake by 7.86%.
Currently, the main hedge fund holding shares of the company is PRIMECAP Management (Trades, Portfolio) with 0.68% of outstanding shares, followed by First Eagle Investment (Trades, Portfolio) with 0.61%, and James Barrow (Trades, Portfolio) with 0.60%.
It sold out its stake of Sempra Energy (SRE) and before this sale, the stake amounted to 0.26% of total value of its portfolio. It is an energy services holding company, whose operating units develop energy infrastructure, operate utilities and provide related services.
The stock is trading with a forward P/E ratio of 19.53 and the price has dropped by 12% (year-to-date) but has risen by 91% over the last 5 years.
During the first quarter of 2015, the Signature Select Canadian Fund (Trades, Portfolio) reduced its stake by 10.65%, while the hedge fund of Jim Simons (Trades, Portfolio) increased its stake by 11.92%. Paul Tudor Jones (Trades, Portfolio) also reduced his stake by 59.56%.
Jim Simons (Trades, Portfolio) is the main shareholder with 0.41% of outstanding shares, followed by Signature Select Canadian Fund (Trades, Portfolio) which holds 0.02% of outstanding shares of the company.
It sold out its stake of General Motors Co (GM) and before the sale, the stake amounted to 0.21% of the total value of its portfolio. The Company designs, builds and sell cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc. Its four automotive segments include GM North America (GMNA), GM Europe (GME), GM International Operations (GMIO) and GM South America (GMSA).
The stock is trading with a forward P/E ratio of 5.98 and the price has dropped by 10% (year-to date) and is almost flat over the last 5 years, since it has decreased by 8%.
During the second quarter of 2015, Arnold Van Den Berg (Trades, Portfolio bought 478,985 shares with an impact of 2.42% on his portfolio, while Mario Gabelli (Trades, Portfolio) increased his stake by 10.70%. Ronald Muhlenkamp (Trades, Portfolio) reduced his stake by 0.05% and Ken Fisher (Trades, Portfolio) reduced his stake by 10.71%.
Warren Buffet is the main shareholder with 2.59% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.97%, and HOTCHKIS & WILEY with 0.85% of outstanding shares.
