David Swensen (Trades, Portfolio) has been the chief investment officer at Yale University since 1985. The following are the largest trades by the university during the second quarter:
The guru closed its stake in Salesforce.com Inc. (CRM) with an impact of -0.95% on the portfolio.
The company provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions. First quarter revenue grew 28% year-over-year and operating cash flow increased 43% year-over-year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with ROE of -0.26% and ROA of -0.11%, which are underperforming 66% of the companies in the Global Software - Application industry. Financial strength has a rating of 6 out of 10, with a cash to debt ratio of 1.34, below the industry median of 10.50.
The largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 3.38% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 1.1%, Jim Simons (Trades, Portfolio) with 0.27% and Steven Cohen (Trades, Portfolio) with 0.12%.
The firm increased shares in Antero Resources Corp. (AR) by 1.52%, with an impact of 0.9% on the portfolio.
The company is engaged in the exploration, development and acquisition of natural gas, NGLs, and oil properties located in the Appalachian Basin. GAAP net loss was $2.12 per share, compared to a GAAP net loss of 52 cents per share in the prior year quarter and the company reported 24% increase for adjusted EBITDAX.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, with ROE of 1.56% and ROA of 0.67%, which are outperforming 84% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.01, below the industry median of 0.45.
Seth Klarman (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 5.23% of outstanding shares, followed by Glenn Greenberg (Trades, Portfolio) with 3.35% and David Swensen (Trades, Portfolio) with 3.2%.
The investor exited his stake in Avista Corp. (AVA) with an impact of -0.48% on the portfolio.
The company generates, transmits and distributes electricity and natural gas, serving electric and gas customers in eastern Washington and northern Idaho and gas customers in parts of Oregon. Second quarter net income was 43 cents per diluted share compared to 40 cents per diluted share for the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10, with ROE of 8.69%, which is outperforming and ROA of 2.77%, which is underperforming 54% of the companies in the Global Utilities - Diversified industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.01, below the industry median of 0.29.
The largest shareholder among the gurus is Ken Fisher (Trades, Portfolio) with 1.18% of outstanding shares, followed by RS Investment Management (Trades, Portfolio) with 1.03%, Robert Bruce (Trades, Portfolio) with 0.41%, Jeremy Grantham (Trades, Portfolio) with 0.13% and Mario Gabelli (Trades, Portfolio) with 0.05%.
The guru bought 71,458 shares in Turning Point Brands Inc. (TPB), with an impact of 0.19% on the portfolio.
The company, along with its subsidiaries, is engaged in providing Other Tobacco Products (OTP) in the U.S. During the second quarter, net sales grew 7.5% and gross profit grew 10%. Net income increased to $0.8 million, versus a net loss of ($1.4) million
GuruFocus gives the stock a profitability and growth rating of 5 out of 10, with ROA of 5.12%, which is underperforming and ROC of 108.17%, which is performing 62% of the companies in the Global Tobacco industry. Financial strength has a rating of 3 out of 10, with a cash to debt ratio of 0.02, below the industry median of 0.18.
David Swensen (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.4%.
The investor acquired 11,663 shares in Douglas Emmett Inc. (DEI), with an impact of 0.11% on the portfolio.
It is a self-administered real estate investment trust. It owns and operates office and multifamily properties located in California and Hawaii. It has two segments, Office Properties and Multifamily Properties.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10, with ROE of 3.14% and ROA of 0.92%, which are underperforming 77% of the companies in the Global REIT - Office industry. Financial strength has a rating of 4 out of 10, with a cash to debt ratio of 0.02, below the industry median of 0.06.
The largest shareholder among the gurus is Ron Baron (Trades, Portfolio) with 4.58% of outstanding shares, followed by Manning & Napier Advisors, Inc with 0.16%, Jim Simons (Trades, Portfolio) with 0.12%, Pioneer Investments (Trades, Portfolio) with 0.05% and David Swensen (Trades, Portfolio) with 0.01%.
The investor closed his stake Teladoc Inc. (TDOC) with an impact of -0.05% on the portfolio.
The company provides a telehealth platform, delivering on-demand healthcare anytime, anywhere, via mobile devices, the internet, video and phone.
Second quarter revenue grew 45% and total visits had an increase of 59%. Net loss was $14.9 million, compared to a net loss of $17.1 million.
GuruFocus gives the stock a profitability and growth rating of 1 out of 10, with ROE of -47.96% and ROA of -29.30%, which are underperforming 87% of the companies in the Global Health Information Services industry. Financial strength has a rating of 6 out of 10, with a cash to debt ratio of 3.58, below the industry median of 10.15.
The largest shareholder among the gurus is Steven Cohen (Trades, Portfolio) with 0.23% of outstanding shares.
The guru bought 46,200 shares in Sunrun Inc. (RUN), with an impact of 0.07% on the portfolio.
The company provides clean, solar energy to homeowners. Its core solar product offerings are provided through a lease or a power purchase agreement, which are substantially similar to one another. Total deployments of 65 MW, an increase of 54% year-over-year and Sunrun-built deployments grew 128% year-over-year. Total revenue grew 69% from the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 2 out of 10, with ROE of -4.71% and ROA of 0.12%, which are underperforming 76% of the companies in the Global Solar industry. Financial strength has a rating of 3 out of 10, with a cash to debt ratio of 0.26, below the industry median of 1.67.
Seth Klarman (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 2.76% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 1.73%, Steven Cohen (Trades, Portfolio) with 0.04% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free 7-day trial of Premium Membership to GuruFocus.
