Diamond Hill Sells Apple, IBM, Cisco

The company's largest 1st-quarter sales

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May 15, 2017
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Diamond Hill Capital (Trades, Portfolio) is a registered investment adviser based in Columbus, Ohio. It manages a portfolio composed of 166 stocks with a total value of $17.860 billion. During the first quarter the guru bought shares in the following stocks:

The firm closed its position of Progressive Corp. (PGR) with an impact of -1.02% on the portfolio.

It is an insurance holding company that provides personal and commercial auto insurance, residential property insurance and other specialty property-casualty insurance and related services.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The return on equity (ROE) of 14.97% and return on assets (ROA) of 3.64% are outperforming 65% of the companies in the Global Insurance - Property & Casualty industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.07 is below the industry median of 2.41.

The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 1.66% of outstanding shares followed by RS Investment Management (Trades, Portfolio) with 0.79%, Jim Simons (Trades, Portfolio) with 0.47%, Andreas Halvorsen (Trades, Portfolio) with 0.3%, John Rogers (Trades, Portfolio) with 0.26%, Jerome Dodson (Trades, Portfolio) with 0.15%, Richard Pzena (Trades, Portfolio) with 0.09% and Steven Cohen (Trades, Portfolio) with 0.05%.

The guru exited its position of EOG Resources Inc. (EOG) with an impact of -0.74% on the portfolio.

The company explores for, develops, produces and markets crude oil and natural gas in the U.S., Trinidad & Tobago, United Kingdom, China, Argentina and, from time to time, select other international areas.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of -4.65% and ROA of -2.19% are outperforming 59% of the companies in the Global Oil & Gas E&P industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.22 is below the industry median of 0.72.

Spiros Segalas (Trades, Portfolio) is the largest shareholder among the gurus with 0.4% of outstanding shares followed by PRIMECAP Management with 0.38%, Pioneer Investments (Trades, Portfolio) with 0.38%, Simons with 0.11%, Cohen with 0.1%, RS Investment Management with 0.1% and Stanley Druckenmiller (Trades, Portfolio) with 0.07%.

The firm closed its position of Endurance Specialty Holdings Ltd. (ENH) with an impact of -0.55% on the portfolio.

The company underwrites specialty lines of personal and commercial property and casualty insurance and reinsurance.

GuruFocus gives the stock a profitability and growth rating of 3 out of 10. While the ROE of 4.84% is underperforming the sector, the ROA of 1.78% is outperforming 55% of the companies in the Global Insurance - Property & Casualty industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.89 is below the industry median of 2.41.

The largest shareholder among the gurus is RS Investment Management with 1.13% of outstanding shares followed by Paul Tudor Jones (Trades, Portfolio) with 0.52%.

The firm reduced its shares of Cisco Systems Inc. (CSCO) by 28.80% with an impact of -0.52% on the portfolio.

The company is engaged in designing, manufacturing and sale of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 15.65% and ROA of 8.12% are outperforming 81% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 2.06 is below the industry median of 2.61.

Dodge & Cox is the largest shareholder among the gurus with 1.29% of outstanding shares followed by PRIMECAP Management with 0.54%, Donald Yacktman (Trades, Portfolio) with 0.46%, Jeremy Grantham (Trades, Portfolio) with 0.35%, Ken Fisher (Trades, Portfolio) with 0.31% and First Pacific Advisors (Trades, Portfolio) with 0.25%.

The firm sold out its shares of United Parcel Service Inc. Class BĂ‚ (UPS) with an impact of -0.48% on the portfolio.

The company is a package delivery organization less-than-truckload industry and provider of supply chain management solutions. It operates in three segments; U.S. Domestic Package, International Package and Supply Chain and Freight.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 197.24% and ROA of 8.88% are outperforming 87% of the companies in the Global Integrated Shipping & Logistics industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.22 is below the industry median of 0.34.

The largest shareholder among the gurus is Bill Gates (Trades, Portfolio) with 0.52% of outstanding shares followed by PRIMECAP Management with 0.46%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.27%, Simons with 0.15%, Mairs and Power (Trades, Portfolio) with 0.14% and Pioneer Investments with 0.09%.

The guru reduced its shares of Anixter International Inc. (AXE) by 79.67%. The transaction had an impact of -0.15% on the portfolio.

The company is a supplier of communications and security products, fasteners and other small components. Its segment includes Enterprise Cabling and Security Solutions, Electrical and Electronic Wire and Cable and OEM Supply.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 10.06% and ROA of 3.14% are outperforming 53% of the companies in the Global Industrial Distribution industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.09 is below the industry median of 0.90.

Rogers is the largest shareholder among the gurus with 4.38% of outstanding shares followed by Fisher with 2%, Pzena with 1.42%, Chuck Royce (Trades, Portfolio) with 1.22%, Third Avenue Management (Trades, Portfolio) with 1.06% and Martin Whitman (Trades, Portfolio) with 0.8%.

The firm reduced its holding of Apple Inc. (AAPL) by 6.06%. The trade had an impact of -0.11% on the portfolio.

The company designs, manufactures and markets mobile communication and media devices, personal computers, portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 35.08% and ROA of 14.31% are outperforming 94% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.68 is below the industry median of 1.55.

The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 1.09% of outstanding shares followed by Fisher with 0.22%, Segalas with 0.18%, Pioneer Investments with 0.18% and David Einhorn (Trades, Portfolio) with 0.11%.

The guru closed its position of International Business Machines Corp. (IBM) with an impact of -0.11% on the portfolio.

It is an IT products and services company. It offers consulting and IT implementation services, cloud, cognitive offerings, enterprise systems and software.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 68.90% and ROA of 9.88% are outperforming 80% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.25 is below the industry median of 10.13.

Buffett is the largest shareholder among the gurus with 8.65% of outstanding shares followed by Simons with 0.22%, Prem Watsa (Trades, Portfolio) with 0.14%, Grantham with 0.05% and Tweedy Browne (Trades, Portfolio) with 0.03%.

The firm reduced its shares of Pfizer Inc. (PFE) by 4.62% with an impact of -0.11% on the portfolio.

It is a research-based biopharmaceutical company. Its portfolio includes medicines and vaccines as well as many consumer health care products.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 11.68% and ROA of 4.30% are outperforming 54% of the companies in the Global Drug Manufacturers Major industry.

The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.72% of outstanding shares followed by Fisher with 0.55%, Lee Ainslie (Trades, Portfolio) with 0.38% and Diamond Hill Capital with 0.21%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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