David Einhorn (Trades, Portfolio) is president of Greenlight Capital (a value-oriented investment adviser). He manages a portfolio composed of 37 stocks with a total value of $7.195 billion. During the first quarter the guru sold shares in the following stocks:
The investor reduced his Apple Inc. (AAPL) position by 31.63% with an impact of -3.66% on the portfolio.
The company designs, manufactures and markets mobile communication and media devices, personal computers and 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 return on equity (ROE) of 35.08% and return on assets (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 1.51.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 2.48% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.22%, Spiros Segalas (Trades, Portfolio) with 0.19%, Pioneer Investments (Trades, Portfolio) with 0.18%, Jeremy Grantham (Trades, Portfolio) with 0.08%, Einhorn with 0.08%, Bill Nygren (Trades, Portfolio) with 0.06% and Larry Robbins (Trades, Portfolio) with 0.06%.
The stake in Time Warner Inc. (TWX) was reduced by 37.76%. The transaction had an impact of -2.07% on the portfolio.
It is a media and entertainment company that operates its business in three segments including Turner, Home Box Office and Warner Bros.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 16.98% and ROA of 6.37% are outperforming 71% of the companies in the Global Media – Diversified industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 1.52.
Dodge & Cox is the largest shareholder among the gurus with 4.09% of outstanding shares followed by Pioneer Investments with 0.49%, Daniel Loeb (Trades, Portfolio) with 0.45%, David Abrams (Trades, Portfolio) with 0.39%, John Paulson (Trades, Portfolio) with 0.39% and First Eagle Investment (Trades, Portfolio) with 0.39%.
The investor reduced his holding of The Chemours Co. (CC) by 44.10% impacting the portfolio by -1.5%.
The company is the world's largest and one of the lowest-cost producers of titanium dioxide, a white pigment used in paint. The company also produces fluoroproducts including refrigerants and industrial resins.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. While the ROE of 44.80% is outperforming the sector, the ROA of 1.70% is underperforming 71% of the companies in the Global Specialty Chemicals industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.25 is below the industry median of 0.90.
Einhorn is the largest shareholder among the gurus with 2.71% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 1.64%, Steven Cohen (Trades, Portfolio) with 0.45%, Joel Greenblatt (Trades, Portfolio) with 0.12% and Caxton Associates (Trades, Portfolio) with 0.09%.
The guru closed his position in Avangrid Inc. (AGR) with an impact of -1.02% on the portfolio.
It is an energy services holding company that through its subsidiaries is engaged in the regulated energy distribution, renewable energy generation (renewables) and gas businesses (gas).
GuruFocus gives the stock a profitability and growth rating of 4 out of 10. The ROE of 4.35% and ROA of 2.13% are outperforming 72% of the companies in the Global Utilities - Regulated Electric industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.01 is far below the industry median of 0.27.
The largest shareholder among the gurus is Richard Pzena (Trades, Portfolio) with 0.56% of outstanding shares followed by Simons with 0.03% and First Eagle Investment with 0.02%.
The guru sold out his shares in Yelp Inc. Class AĂ‚ (YELP) with an impact of -0.57% on the portfolio.
The company provides a platform for consumers to get connected with various businesses such as restaurants, shopping, beauty and fitness, arts, entertainment and events. It offers free and paid listings to the businesses on Web site and mobile application.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 0.78% and the ROA of 0.71% are underperforming 64% of the companies in the Global Internet Content and Information industry. Financial strength has a rating of 9 out of 10 with no debts.
Cohen is the largest shareholder among the gurus with 3.3% of outstanding shares followed by Fisher with 0.4%, John Hussman (Trades, Portfolio) with 0.12% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.
The investor reduced his shares in Rite Aid Corp. (RAD) by 18.00%. The trade had an impact of -0.52% on the portfolio.
The company operates retail drugstore chains in the U.S. It operates an estimated 4,536 stores in 31 states across the country and in the District of Columbia.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 0.66% is outperforming and the ROA of 0.04% is underperforming 77% of the companies in the Global Pharmaceutical Retailers industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.53.
The largest shareholder among the gurus is Einhorn with 1.59% of outstanding shares followed by Grantham with 0.34%, Paul Singer (Trades, Portfolio) with 0.33%, Mario Gabelli (Trades, Portfolio) with 0.12% and Pioneer Investments with 0.07%.
Einhorn reduced his stake in FMC Corp. (FMC) by 53.73% with an impact of -0.38% on the portfolio.
It is a diversified chemical company serving agricultural, consumer and industrial markets internationally with solutions, applications and products. Its business segments are FMC Agricultural Solutions, FMC Health & Nutrition and FMC Lithium.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 1.81% and ROA of 0.59% are underperforming 81% of the companies in the Global Chemicals industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.05 is below the industry median 0.90.
Robbins is the largest shareholder among the gurus with 7.89% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 3.62%, Richard Snow (Trades, Portfolio) with 0.34%, Westport Asset Management (Trades, Portfolio) with 0.27% and Einhorn with 0.25%.
The stake in AerCap Holdings NVĂ‚ (AER) was reduced by 1.27% with an impact of -0.12% on the portfolio.
It is an aircraft leasing company. Its major activities include leasing, financing, sales and management of commercial aircrafts and engines. It operates in mainland China, Hong Kong, Macau, the U.S., the Netherlands and a few other countries.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. While the ROE of 12.86% is outperforming the sector, the ROA of 2.56% is underperforming 51% of the companies in the Global Airports & Air Services industry. Financial strength has a rating of 7 out of 10 with a cash-debt ratio of 1.12 that is above the industry median of 0.98.
The largest shareholder among the gurus is Einhorn with 7.34% of outstanding shares followed by Donald Smith (Trades, Portfolio) with 5.26%, Leon Cooperman (Trades, Portfolio) with 1.26%, Mohnish Pabrai (Trades, Portfolio) with 0.48% and Louis Moore Bacon (Trades, Portfolio) with 0.22%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
