Columbia Wanger (Trades, Portfolio) manages a portfolio composed of 198 stocks with total value of $8.623 billion. The following are its largest trades of the second quarter:
The guru bought 2,207,192 shares in LivaNova PLCĂ‚ (LIVN) with an impact of 1.29% on the portfolio.
It is a medical technology company formed by the merger of Sorin S.P.A., engaged in the treatment of cardiovascular diseases, and Cyberonics Inc., a medical device company with core expertise in neuromodulation.
Second quarter worldwide sales grew on a 1.3% reported basis as compared to the previous year and on a constant-currency basis, sales increased 0.7% over the previous year. Diluted earnings per share were 18 cents and adjusted diluted earnings per share were 87 cents.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of -8.70% and ROA of -6.29% that are underperforming 60% of the companies in the Global Medical Devices industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.46 that is below the industry median of 2.23.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 5.04% of outstanding shares followed by Columbia Wanger (Trades, Portfolio) with 4.5%, Third Avenue Management (Trades, Portfolio) with 0.55% and John Paulson (Trades, Portfolio) with 0.53%.
The investor reduced its stake in Donaldson Co. Inc. (DCI) by 79.81% with an impact of -1.03% on the portfolio.
The company is a manufacturer of filtration systems and replacement parts. Its product mix includes dust, fume and mist collectors, air filtration systems for gas turbines, PTFE membrane-based products and others.
Third quarter net earnings of $54.8 million, or 41 cents per share, compared with $47.8 million, or 34 cents per share, in 2015, and adjusted EPS was 43 cents compared with 37 cents last year.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 24.32% and ROA of 10.35% that are outperforming 88% of the companies in the Global Diversified Industrials industry.
Mairs and Power (Trades, Portfolio) is the company's largest shareholder among the gurus with 4.26% of outstanding shares followed Mario Gabelli (Trades, Portfolio) with 1.15%, Chuck Royce (Trades, Portfolio) with 0.21%, Joel Greenblatt (Trades, Portfolio) with 0.01% and Jeremy Grantham (Trades, Portfolio) with 0.01%.
The investor closed its stake in Amphenol Corp. Class AĂ‚ (APH) with an impact of -0.87% on the portfolio.
The company designs, manufactures and markets electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable.
Second quarter GAAP-diluted earnings per share of 65 cents compared to 56 cents for the comparable 2015 period and sales for the second quarter were a record $1.548 billion compared to $1.351 billion for the comparable 2015 period.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 23.45% and ROA of 10.08% that are outperforming 88% of the companies in the Global Electronic Components industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.29 that is below the industry median of 1.44.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 1.24% of outstanding shares followed by Grantham with 0.23%, Simons with 0.14%, Westport Asset Management (Trades, Portfolio) with 0.12% and Royce with 0.02%.
The guru closed its stake in Stericycle Inc. (SRCL) with an impact of -0.84% on the portfolio.
The company is engaged in providing regulated and compliance solutions to health care and commercial businesses. This includes the collection and processing of specialized waste for disposal and a variety of training and consulting services.
Second quarter revenue grew 24.6% from the same quarter of a year before and increased 27.4% compared to the prior period. GAAP gross profit as a percentage of revenue was 42.7% compared to 42.6% in the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROA of 8.63% and ROC of 4.09% that are outperforming 68% of the companies in the Global Waste Management industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.01 that is below the industry median of 0.48.
David Rolfe (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.18% followed by Meridian Funds (Trades, Portfolio) with 0.58%, Manning & Napier Advisors Inc. with 0.24%, David Carlson (Trades, Portfolio) with 0.05% and Greenblatt with 0.02%.
The investor bought 1,045,999 shares in ResMed Inc. (RMD) with an impact of 0.77% on the portfolio.
The company is a developer, manufacturer and distributor of medical products for treating, diagnosing and managing sleep breathing disorders and other respiratory disorders.
Fourth quarter revenue increase 14%, GAAP diluted earnings per share were 59 cents, and non-GAAP diluted earnings per share were 74 cents.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 22.19% and ROA of 14.23% that are outperforming 90% of the companies in the Global Medical Instruments & Supplies industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.62 that is below the industry median of 1.75.
The largest shareholder among the gurus is Columbia Wanger (Trades, Portfolio) with 0.74% of outstanding shares followed by Simons with 0.56%, Greenblatt with 0.19%, Ken Fisher (Trades, Portfolio) with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.
The guru acquired 888,393 shares in Centene Corp. (CNC) with an impact of 0.74% on the portfolio.
The company provides programs and services to government-sponsored health care programs, focusing on underinsured and uninsured individuals.
Total revenues had 98% growth compared to the second quarter of 2015 and health benefits ratio of 86.6% for the second quarter compared to 89.1% in the second quarter of 2015. Diluted earnings per share was 98 cents, or $1.29 of adjusted diluted EPS; in comparison, diluted EPS for the second quarter of 2015 was 72 cents, or 76 cents adjusted diluted EPS.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 10.49% that is outperforming and ROA of 2.98% that is underperforming 59% of the companies in the Global Health Care Plans industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.70 that is below the industry median of 1.01.
Andreas Halvorsen (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 0.29% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.12%, Simons with 0.12% and George Soros (Trades, Portfolio) with 0.02%.
The guru reduced its stake Expeditors International of Washington Inc. (EXPD) by 39.71% with an impact of -0.73% on the portfolio.
The company offers its customers a seamless international network supporting the movement and strategic positioning of goods.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 24.82% and ROA of 16.22% that are outperforming 93% of the companies in the Global Integrated Shipping & Logistics industry. Financial strength has a rating of 9 out of 10 with no debt.
The largest shareholder among the gurus is Charles de Vaulx (Trades, Portfolio) with 1.37% of outstanding shares followed by Greenblatt with 0.49%, PRIMECAP Management (Trades, Portfolio) with 0.48%, Chuck Royce (Trades, Portfolio) with 0.38% and Grantham with 0.32%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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