John Hussman (Trades, Portfolio) is the president and principal shareholder of Hussman Strategic Advisors, the investment advisory firm that manages the Hussman Funds. During the third quarter the guru’s largest trades were the following:
He raised his stake in Intel Corp. (INTC) by 7,755.56% with an impact of 2.17% on the portfolio.
The company is a semiconductor chip-maker. It develops integrated digital technology products like integrated circuits for industries such as computing and communications. During the third quarter the company generated approximately $5.8 billion in cash from operations, paid dividends of $1.2 billion and used $457 million to repurchase 13 million shares of stock.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 17.06% and ROA of 9.83% that are outperforming 85% of the companies in the Global Semiconductors industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.64 that is below the industry median of 1.62.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.68% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.42%, Barrow, Hanley, Mewhinney & Strauss with 0.39%, Bill Nygren (Trades, Portfolio) with 0.23%, Richard Pzena (Trades, Portfolio) with 0.2% and Jeremy Grantham (Trades, Portfolio) with 0.16%.
The guru exited his stake in NVIDIA Corp. (NVDA) with an impact of -1.98% on the portfolio.
It is a visual computing company, connecting people through the powerful medium of computer graphics. The company's reporting segments include GPU and Tegra Processor. During the second quarter revenue grew 24% from the same quarter of a year before and GAAP earnings per diluted share for the quarter were 40 cents compared with 5 cents a year ago and up 21% from 33 cents in the previous quarter.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 20.72% and ROA of 12.51% that are outperforming 90% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 3.40 that is above the industry median of 1.62.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 4.75% of outstanding shares followed by Spiros Segalas (Trades, Portfolio) with 0.93%, Jim Simons (Trades, Portfolio) with 0.77%, Pioneer Investments (Trades, Portfolio) with 0.28%, Joel Greenblatt (Trades, Portfolio) with 0.14%, Meridian Funds (Trades, Portfolio) with 0.1% and Stanley Druckenmiller (Trades, Portfolio) with 0.06%.
The investor closed his stake in General Electric Co. (GE) with an impact of -1.78% on the portfolio.
It is a diversified company with products and services that range from aircraft engines, power generation, oil and gas production equipment, household appliances, medical imaging, business and consumer financing and industrial products.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 11.69% that is outperforming and ROA of 2.45% that is underperforming 57% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.66 that is below the industry median of 1.13.
The largest shareholder among the gurus is Fisher with 0.35% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%, Nygren 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% and Steven Romick (Trades, Portfolio) with 0.08%.
The guru closed his stake in Kellogg Co. (K) with an impact of -1.87% on the portfolio.
Kellogg and its subsidiaries are involved in the manufacture and marketing of ready-to-eat cereal and convenience foods. During the third quarter earnings per share grew 41% from the prior-year quarter and non-GAAP comparable earnings per share increased 13% from the year-earlier quarter.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 32.10% and ROA of 4.60% that are outperforming 54% of the companies in the Global Packaged Foods industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.04 that is below the industry median of 0.65.
T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest shareholder among the gurus with 0.43% of outstanding shares followed by HOTCHKIS & WILEY with 0.29%, Pzena with 0.28%, Mario Gabelli (Trades, Portfolio) with 0.22%, Simons with 0.15%, Pioneer Investments (Trades, Portfolio) with 0.12% and PRIMECAP Management (Trades, Portfolio) with 0.02%.
The investor exited his stake in Amazon.com Inc. (AMZN) with an impact of -1.64% on the portfolio.
The company sells its products through the website which provides services such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets. Third-quarter operating cash flow increased 49% and free cash flow increased to $8.6 billion compared with $5.4 billion for the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 14.05% and ROA of 3.31% that are outperforming 56% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 6 out of 10 with cash to debt of 2.24 that is above the industry median of 0.92.
The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 0.69% of outstanding shares followed by Frank Sands (Trades, Portfolio) with 0.5%, Chris Davis (Trades, Portfolio) with 0.47%, Segalas with 0.44%, Fisher with 0.42%, Steve Mandel (Trades, Portfolio) with 0.35%, Chase Coleman (Trades, Portfolio) with 0.31% and Steven Cohen (Trades, Portfolio) with 0.14%.
The investor acquired 127,00 shares in Qualcomm Inc. (QCOM) with an impact of 1.44% on the portfolio.
The company develops digital communication technology called CDMA (Code Division Multiple Access) and owns intellectual property applicable to products that implement any version of CDMA including patents, patent applications and trade secrets. Fourth-quarter revenues grew 13% year over year, and operating income had a 58% year-over-year increase. The company reported 60% growth for diluted earnings per share and a 24% increase for operating cash flow.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 16.65% and ROA of 10.17% that are outperforming 85% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.45 that is below the industry median of 1.62.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus, with 1.47% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 1.18%, Fisher with 0.66%, Grantham with 0.62%, Segalas with 0.38%, Manning & Napier Advisors Inc. with 0.32% and Nygren with 0.32%.
The guru almost closed his stake in PPL Corp. (PPL) with a decrease of 99.60% and an impact of -1.44% on the portfolio.
It is an energy and utility holding company that through its subsidiaries is engaged in the generation and marketing of electricity in the Northeastern and Western U.S. and in the delivery of electricity in Pennsylvania and the U.K. Third-quarter GAAP earnings were $473 million, or 69 cents per share, an increase from $393 million, or 58 cents per share, in the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 17.49% and ROA of 4.50% that are outperforming 70% of the companies in the Global Utilities - Regulated Electric industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.03 that is below the industry median of 0.27.
The largest shareholder among the gurus is HOTCHKIS & WILEY with 0.34% of outstanding shares followed by Simons with 0.04%, Grantham with 0.01% and Keeley Asset Management Corp (Trades, Portfolio) with 0.01%.
The investor exited his stake in McDonald's Corp. (MCD) with an impact of -1.38% on the portfolio.
McDonald's franchises and operates McDonald's restaurants in the food service industry. Its geographic segments include the U.S., Europe and Asia-Pacific, the Middle East and Africa.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 76.70% and ROA of 13.52% that are outperforming 90% of the companies in the Global Restaurants industry.
Segalas is the largest shareholder among the gurus with 0.29% of outstanding shares followed by Grantham with 0.17%, Simons with 0.06%, PRIMECAP Management (Trades, Portfolio) with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free seven-day trial of Premium Membership to GuruFocus.
