During the third quarter, the following were some of Alan Fournier (Trades, Portfolio)'s largest trades. He manages the Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd., and Pennant General Partner LLC.Â
Workday Inc. (WDAY)
The guru initiated a position in this company in Q3 2013. This quarter Fournier sold his shares and gained 2% on the investment. The deal had an impact of -3.16% on the portfolio.
The company has a market cap of $15.46 billion. It has a P/B of 13.58 and a P/S of 14.10. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 4/10.
The company is a provider of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for the companies, educational institutions, and government agencies.
Steven Cohen (Trades, Portfolio) is another investor who exited his position in WDAY.
General Motors Co. (GM)
The guru initiated a position in this company Q4 2014. In the first quarter of 2015, he increased his stake by 92.79% and in the second quarter, he reduced his stake by 12.56%. This quarter Fournier sold the shares and gained 8% on the investment. The deal had an impact of -2.4% on the portfolio.
The company has a market cap of $52.93 billion. It has a P/E ratio of 12.48, forward P/E ratio of 6.30, a P/B of 1.55 and a P/S of 0.37. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 4/10.
The company designs, builds and sell cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company Inc.
The stock lost its position in the portfolio of many investors like Ronald Muhlenkamp (Trades, Portfolio), Kyle Bass (Trades, Portfolio), Leon Cooperman (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio).
Cheniere Energy Inc. (LNG)
The position was established in Q1 2013. In the third quarter, Fournier sold his shares and had a good gain of 94% on the investment. The deal had an impact of -1.37% on the portfolio.
The company has a market cap of $8.79 billion. It has a P/S of 31.44. GuruFocus has given the stock a financial strength rating of 5/10 and a profitability and growth rating of 2/10.
The company is engaged in LNG-related businesses. The company owns and operates the Sabine Pass LNG terminal in Louisiana through its ownership interest in and management agreements with Cheniere Energy Partners L.P.
Leon Cooperman (Trades, Portfolio) and Richard Perry (Trades, Portfolio) also closed their positions in the company.
Amgen Inc. (AMGN)
The guru acquired a new position in Q2 2013 and last two quarters he increased his stake. Fournier sold the shares and gained 24%. The deal had an impact of -0.4% on the portfolio.
The company has a market cap of $122.45 billion. It has a P/E ratio of 19.35, forward P/E ratio of 15.04, a P/B of 4.39 and a P/S of 5.81. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 9/10.
It is a biotechnology company that discovers, develops, manufactures and delivers human therapeutics. It operates in one business segment being human therapeutics.
Alan Fournier (Trades, Portfolio) was only investor who closed his position, while Paul Tudor Jones (Trades, Portfolio), Dodge & Cox, Ken Fisher (Trades, Portfolio), Jeremy Grantham (Trades, Portfolio), Jim Simons (Trades, Portfolio) and PRIMECAP Management (Trades, Portfolio) reduced their holdings.
Antero Resources Corp. (AR)
Fournier bought 1,685,001 shares in the second quarter of 2015 for an average price of $39.69. In the third quarter, he sold the shares below the purchase price at $26.67 and lost 33% on the investment. The deal had an impact of -1.15% on the portfolio.
The company has a market cap of $6.04 billion. It has a P/E ratio of 4.22, a forward P/E ratio of 43.86, a P/B of 1.03 and a P/S of 1.30. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 7/10.
The company is engaged in the exploration, development and acquisition of natural gas, NGLs, and oil properties located in the Appalachian Basin.
David Swensen (Trades, Portfolio) is another investor who closed his holding in the quarter.
Molson Coors Brewing Co. (TAP)
Fournier acquired a 1,712,650-share stake in Molson Coors at an average price of $72.39 per share. The company is a brewer with a portfolio of owned and partner brands, including core brands Carling, Coors Light, Molson Canadian & Staropramen, as well as craft and specialty beers such as Blue Moon, Creemore Springs, Cobra & Sharp's Doom Bar. The deal had a 3.01% impact on the portfolio, and the stock price went up 30%. Currently it is trading at $93.92.
The company has a market cap of $17.33 billion and an enterprise value of $19.96 billion. It has a P/E of 41.73, a forward P/E of 24.39, a P/B of 2.43 and a P/S of 4.47. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 6/10.
Steve Mandel (Trades, Portfolio) and First Eagle Investment (Trades, Portfolio) also purchased new positions.
LKQ Corp. (LKQ)
Fournier acquired a 4,703,799-share stake in LKQ Corp. at an average price of $30.76 per share. The company provides replacement parts, components and systems needed to repair cars and trucks. The deal had a 2.82% impact on the portfolio, and the stock price dropped 3%. Currently it is trading at $29.63.
The company has a market cap of $9.05 billion and an enterprise value of $10.52 billion. It has a P/E of 22.18, a forward P/E of 18.66, a P/B of 2.99 and a P/S of 1.28. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 7/10.
Jim Simons (Trades, Portfolio), Ray Dalio (Trades, Portfolio) and Paul Tudor Jones (Trades, Portfolio) are other gurus who acquired a new position in the company.
United Continental Holdings Inc. (UAL)
Fournier acquired a 1,444,500-share stake in United Continental Holdings at an average price of $56.42 per share. The company is a holding company and its principal, wholly-owned subsidiary is United Airlines Inc. The deal had a 1.62% impact on the portfolio, and the stock price went up 2%. Currently it is trading at $57.30.
The company has a market cap of $3.21 billion and an enterprise value of $7.42 billion. It has a P/E of 3.29, a forward P/E of 6.77, a P/B of 2.48 and a P/S of 0.57. GuruFocus has given the stock a financial strength rating of 7/10 and a profitability and growth rating of 5/10.
Delta Air Lines Inc. (DAL)
Fournier acquired a 1,371,050-share stake in Delta Air Lines at an average price of $44.9 per share. The company provides scheduled air transportation for passengers and cargo throughout the U.S. and around the world. The deal had a 1.3% impact on the portfolio, and the stock price went up 13%. Currently it is trading at $50.69.
The company has a market cap of $39.87 billion and an enterprise value of $43.15 billion. It has a P/E of 14.46, a forward P/E of 8.20, a P/B of 3.86 and a P/S of 1.01. GuruFocus has given the stock a financial strength rating of 4/10 and a profitability and growth rating of 6/10.
First Pacific Advisors (Trades, Portfolio), Ray Dalio (Trades, Portfolio) also purchased new positions in their portfolios.
NetScout Systems Inc. (NTCT)
Fournier acquired a 1,371,050-share stake in NetScout Systems at an average price of $44.9 per share. The Company designs, develops, manufactures, markets, licenses, sells and supports application and network performance management and service assurance solutions. The deal had a 1.3% impact on the portfolio, and the stock price dropped 19%. Currently it is trading at $30.70.
The company has a market cap of $3.04 billion and an enterprise value of $2.97 billion. It has a P/E of 29.99 a forward P/E of 14.71, a P/B of 1.20 and a P/S of 2.74. GuruFocus has given the stock a financial strength rating of 6/10 and a profitability and growth rating of 8/10.
