Bill Nygren (Trades, Portfolio) is portfolio manager of the Oakmark Fund, the Oakmark Select Fund and the Oakmark Global Select Fund. The following are his largest second quarter sells.
The investor exited his stake in Franklin Resources Inc. (BEN) with an impact of -1.35% on the portfolio.
Franklin is an investment management company. The company's services include fund administration, sales, distribution, marketing, shareholder servicing, trustee, custody and other fiduciary services. During the third quarter, the company generated almost $600 million in operating income, an 11% increase from the second quarter.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. Its ROE of 13.52% and ROA of 9.95% are outperforming 84% of the companies in the Global Asset Management industry. Financial strength has a rating of 8 out of 10, with a cash to debt ratio of 5.43.
The largest shareholder among the gurus is Richard Pzena (Trades, Portfolio) with 1.85% of outstanding shares, followed by David Abrams (Trades, Portfolio) with 1.38%, Diamond Hill Capital (Trades, Portfolio) with 1.04%, Mason Hawkins (Trades, Portfolio) with 0.44%, John Rogers (Trades, Portfolio) with 0.33% and Jeremy Grantham (Trades, Portfolio) with 0.07%.
The guru reduced his stake in Monsanto Co. (MON) by 42.41%, with an impact of -0.73% on the portfolio.
The company, along with its subsidiaries, provides agricultural products for farmers. Its seeds, biotechnology traits, herbicides and precision agriculture products provide farmers with solutions that improve productivity.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. Its ROE of 18.33% and ROA of 4.90% are out performing 61% of the companies in the Global Agricultural Inputs industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.12 that is below the industry median of 0.58.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 2.6% of outstanding shares, followed by Larry Robbins (Trades, Portfolio) with 2.47%, Frank Sands (Trades, Portfolio) with 2.23%, Chris Davis (Trades, Portfolio) with 1.46%, Manning & Napier Advisors Inc. with 1.01% and Jeremy Grantham (Trades, Portfolio) with 0.67%.
The guru reduced his stake in Whirlpool Corp. (WHR) by 11.28%, with an impact of -0.27% on the portfolio.
The company is a manufacturer and marketer of home appliances. It produces and sells washers, dryers, refrigerators, air conditioners, dishwashers, freezers, microwave ovens, ranges, air purifiers and other typical household appliances. Second quarter net sales grew 3% year-over-year and operating profit had an increase of 19%.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. Its ROE of 18.31% and ROA of 4.53% are outperforming 56% of the companies in the Global Home Furnishings & Fixtures industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.18 that is below the industry median of 1.29.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 2.82% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 2.47%, Bill Nygren (Trades, Portfolio) with 2.29%, David Tepper (Trades, Portfolio) with 1.73%, Ken Heebner (Trades, Portfolio) with 0.95%, Pioneer Investments (Trades, Portfolio) with 0.43% and Caxton Associates (Trades, Portfolio) with 0.32%.
The guru reduced his stake in Alphabet Inc. Class AÂ (GOOGL) by 23.63%, with an impact of -0.22% on the portfolio.
The company, through its subsidiary Google Inc., is engaged in improving the way people connect with information and products, including Search, Android, YouTube, Apps, Maps and Ads. It also produces internet-connected home devices and provides internet services.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10. Its ROE of 14.99% and ROA of 12.24% are outperforming 72% 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 ratio of 18.67 that is below the industry median of 8.46.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 0.37% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.32%, Frank Sands (Trades, Portfolio) with 0.27%, Andreas Halvorsen (Trades, Portfolio) with 0.26%, Ken Fisher (Trades, Portfolio) with 0.14% and Chris Davis (Trades, Portfolio) with 0.13%.
The investor reduced his stake in Bank of America Corp. (BAC) by 5.46%, with an impact of -0.17% on the portfolio.
The company is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in select international markets.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10. Its ROE of 5.02% and ROA of 0.67% Â are underperforming 74% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 0.68 that is below the industry median of 2.13.
The largest shareholder among the gurus is Dodge & Cox with 2.18% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.82%, HOTCHKIS & WILEY with 0.52%, Ken Fisher (Trades, Portfolio) with 0.42%, First Pacific Advisors (Trades, Portfolio) with 0.32%, Richard Pzena (Trades, Portfolio) with 0.29% and Steven Romick (Trades, Portfolio) with 0.24%.
The guru reduced his stake in General Electric Co. (GE) by 4.36%, with an impact of -0.14% on the portfolio.
General Electric is a diversified company with products and services that range from aircraft engines, power generation, oil & gas production equipment, household appliances, medical imaging, business & consumer financing and industrial products.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. Its ROE of 11.55% is outperforming and its ROA of 2.33% is underperforming 54% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 5 out of 10, with a cash to debt ratio of 1.03 that is a few below the industry median of 1.09.
Ken Fisher (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.35% of outstanding shares, followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.23%, Bill Nygren (Trades, Portfolio) with 0.16%, First Pacific Advisors (Trades, Portfolio) with 0.12%, Warren Buffett (Trades, Portfolio) with 0.12%, Pioneer Investments (Trades, Portfolio) with 0.1%, Steven Romick (Trades, Portfolio) with 0.09% and John Burbank (Trades, Portfolio) with 0.06%.
The investor reduced his stake in Visa Inc. Class AÂ (V) by 4.89%, with an impact of -0.13% on the portfolio.
Visa is a payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The company operates a processing networks - VisaNet.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. Its ROE of 18.59% and ROA of 11.02% are outperforming 81% of the companies in the Global Credit Services industry. Financial strength has a rating of 7 out of 10, with a cash to debt ratio of 0.55 that is far below the industry median of 54.32.
The largest shareholder among the gurus is Frank Sands (Trades, Portfolio) with 1.58% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.63%, Spiros Segalas (Trades, Portfolio) with 0.49%, Warren Buffett (Trades, Portfolio) with 0.43%, Steve Mandel (Trades, Portfolio) with 0.31%, PRIMECAP Management (Trades, Portfolio) with 0.29% and Chris Davis (Trades, Portfolio) with 0.21%.
The guru reduced his stake in MasterCard Inc. Class AÂ (MA) by 4.24%, with an impact of -0.11% on the portfolio.
MasterCard is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. Its ROE of 63.45% and ROA of 24.30% are outperforming 98% of the companies in the Global Credit Services industry. Financial strength has a rating of 7 out of 10, with a cash to debt ratio of 1.95 that is below the industry median of 54.34.
Tom Russo (Trades, Portfolio) is the largest shareholder of the company among the gurus, with 0.89% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.8%, Andreas Halvorsen (Trades, Portfolio) with 0.59%, Jim Simons (Trades, Portfolio) with 0.49%, Warren Buffett (Trades, Portfolio) with 0.45%, Steve Mandel (Trades, Portfolio) with 0.45% and Ruane Cunniff (Trades, Portfolio) with 0.43%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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