Wallace Weitz (Trades, Portfolio) established Weitz Investment Management in 1983. During the fourth quarter, he sold out many of his holdings.
The guru exited his positon in Valeant Pharmaceuticals International Inc. (VRX) and the deal had an impact of -3.52% on the portfolio.
It is a multinational, specialty pharmaceutical and medical device company that develops, manufactures, and markets a range of branded, generic and branded generic pharmaceuticals, over-the-counter products OTC, and medical devices. During the third quarter, despite negative foreign exchange impact of $172 million, total revenues had an increase of 36% and same store sales organic growth of 13%, which is the fifth consecutive quarter of more than 10% organic growth.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.05 that is far below the industry median of 1.80.
The company’s largest shareholder among the gurus is Ruane Cunniff (Trades, Portfolio) with 10.31% of outstanding shares, followed by Bill Ackman (Trades, Portfolio) with 8.95%, Jeff Ubben (Trades, Portfolio) with 4.37%, John Paulson (Trades, Portfolio) with 3.87%, Andreas Halvorsen (Trades, Portfolio) with 2.27% and Glenn Greenberg (Trades, Portfolio) with 1.82%.
The investor reduced his stake in Oracle Corp. (ORCL) by 69.93% and the deal had an impact of -1.13% on the portfolio.
The company develops and manufactures application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services that are engineered to work together in cloud-based and on-premise information technology environments.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 19.37% and ROA of 8.77% that are over performing 76% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 1.25 that is below the industry median of 9.50.
First Eagle Investment (Trades, Portfolio) is the largest shareholder among the gurus with 0.94% of outstanding shares, followed by James Barrow (Trades, Portfolio) with 0.88%, First Pacific Advisors (Trades, Portfolio) with 0.58%, Donald Yacktman (Trades, Portfolio) with 0.54%, Steven Romick (Trades, Portfolio) with 0.49%, Jeremy Grantham (Trades, Portfolio) with 0.42%, HOTCHKIS & WILEY with 0.4%, Yacktman Fund (Trades, Portfolio) with 0.29%, Ken Fisher (Trades, Portfolio) with 0.27% and Richard Pzena (Trades, Portfolio) with 0.26%.
Weitz almost closed his stake in Alphabet Inc. (GOOGL) with a decrease of 99.58%, and the deal had an impact of -0.97% on the portfolio.
The company operates through subsidiaries including Google, which is engaged in improving the ways people connect with information. Very strong revenue growth in the fourth reflects the vibrancy of its business, driven by mobile search as well as YouTube and programmatic advertising, all areas in which it has been investing for many years.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 14.18% and ROA of 11.84% that are over performing 66% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 9 out of 10, with a cash-to-debt of 14.
The company’s largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.37% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.29%, Andreas Halvorsen (Trades, Portfolio) with 0.27%, Dodge & Cox with 0.16%, Ken Fisher (Trades, Portfolio) with 0.14%, Chris Davis (Trades, Portfolio) with 0.14%, Pioneer Investments (Trades, Portfolio) with 0.11% and Jeremy Grantham (Trades, Portfolio) with 0.09%.
The investor reduced his stake in TransDigm Group Inc. (TDG) by 21.50%, and the deal had an impact of -0.69% on the portfolio.
The company is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. Fourth quarter EBITDA grew 24.7%, net sales grew by 26.1% and adjusted earnings per share raised 28.1% year over year.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with strong ROA of 5.94% that are over performing 76% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.10 that is below the industry median of 0.40.
Steve Mandel (Trades, Portfolio) is the largest shareholder of the company among the gurus with 4.06% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 2.99%, Lee Ainslie (Trades, Portfolio) with 2.47%, Chase Coleman (Trades, Portfolio) with 2.28% John Griffin (Trades, Portfolio) with 1.8%, Alan Fournier (Trades, Portfolio) with 1.64% and Ron Baron (Trades, Portfolio) with 1.4%.
The guru almost closed his position in Core Laboratories NVÂ (CLB) with a decrease of 95.64% and the deal had an impact of -0.69% on the portfolio.
The company is engaged in providing proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry. During the fourth quarter, revenue declined 7% from the third quarter.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 777.38% and ROA of 17.82% that are over performing 96% of the companies in the industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.05 that is below the industry median of 0.44.
The company’s largest shareholder among the gurus is David Rolfe (Trades, Portfolio) with 4.57% of outstanding shares, followed by Columbia Wanger (Trades, Portfolio) with 1.94%, Ron Baron (Trades, Portfolio) with 0.68%, John Rogers (Trades, Portfolio) with 0.67%, Meridian Funds (Trades, Portfolio) with 0.54%, Tom Gayner (Trades, Portfolio) with 0.26% and Pioneer Investments (Trades, Portfolio) with 0.08%.
Weitz reduced his stake in Endo International PLCÂ (ENDP) by 29.57% and the deal had an impact of -0.62% on the portfolio.
It is a specialty healthcare company engaged in developing, manufacturing, marketing and distributing branded pharmaceutical and generic products as well as medical devices.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with negative returns of ROE of -33.18% and ROA of -9.76% that are under performing 84% of the companies in the industry. Financial strength has a rating of 5 out of 10, with a cash-to-debt of 0.09 that is far below the industry median of 1.80.
Andreas Halvorsen (Trades, Portfolio) is the largest shareholder among the gurus with 2% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 1.46%, George Soros (Trades, Portfolio) with 0.96% and John Griffin (Trades, Portfolio) with 0.91%.
Discovery Communications Inc. (DISCA) saw a decrease of 23.73% and the deal had an impact of -0.56% on the portfolio.
It is a nonfiction media company that provides original and purchased content to more than 2.2 billion cumulative viewers worldwide through networks that are wholly or partially own. During the third quarter, revenue decreased 1% but adjusted EPS increased 2%.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with strong returns of ROE of 17.02% and ROA of 6.67% that are over performing 72% of the companies in the Global Media - Diversified industry. Financial strength has a rating of 7 out of 10, with a cash-to-debt of 0.04 that is below the industry median of 1.32.
The company’s largest shareholder among the gurus is HOTCHKIS & WILEY with 2.29% of outstanding shares, followed by Manning & Napier Advisors with 1.81%, Wallace Weitz (Trades, Portfolio) with 0.51%, Mario Gabelli (Trades, Portfolio) with 0.47%, Joel Greenblatt (Trades, Portfolio) with 0.21% and Murray Stahl (Trades, Portfolio) with 0.16%.
The investor reduced his stake in Motorola Solutions Inc. (MSI) by 23.34% and the deal had an impact of -0.55% on the portfolio.
The company is a provider of mission-critical communication infrastructure, devices, software and services. Its communication products and services help government and enterprise customers improve their operations through increased effectiveness and efficiency of their mobile workforces.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10, but it has strong returns of ROE of 27.88% and ROA of 5.40% that are over performing 71% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10, with a cash-to-debt of 0.50 that is below the industry median of 2.15.
Jeff Ubben (Trades, Portfolio) is the largest shareholder of the company among the gurus with 9.96% of outstanding shares, followed by Leon Cooperman (Trades, Portfolio) with 1.08%, George Soros (Trades, Portfolio) with 0.29% and Joel Greenblatt (Trades, Portfolio) with 0.04%.
