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Tiziano Frateschi
Tiziano Frateschi
Articles (1286)  | Author's Website |

Arnold Van Den Berg Reduces, Exits Multiple Holdings

The guru's largest 2nd-quarter sales

Century Management founder Arnold Van Den Berg (Trades, Portfolio) manages a portfolio of 47 stocks. During the second quarter, he sold shares of the following stocks:

Van Den Berg exited his Liberty SiriusXM Group (NASDAQ:LSXMK) stake with an impact of -2.05% on the portfolio.

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Through its subsidiary holding, the company provides a subscription-based satellite radio service. It is a tracking stock.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity (ROE) of 3.90% and return on assets (ROA) of 2.52% are outperforming 50% of the companies in the Global Broadcasting - Radio industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.05 is below the industry median of 1.31.

The largest shareholder among the guru is Warren Buffett (Trades, Portfolio) with 8.92% of outstanding shares, followed by Murray Stahl (Trades, Portfolio) with 1.07%, Jeremy Grantham (Trades, Portfolio) with 0.72% and Wallace Weitz (Trades, Portfolio) with 0.51%.

The guru's holding of Liberty Formula One Group (FWONK) was closed with an impact of -0.76% on the portfolio.

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Like Liberty SiriusXM, it is a tracking stock. The holding company has interests in media, communications and entertainment businesses.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The ROE of -3.12% and ROA of -1.29% are underperforming 73% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.09 is below the industry median of 1.31.

Andreas Halvorsen (Trades, Portfolio) is the largest shareholder of the company among the gurus with 5.58% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 5.56%, Mason Hawkins (Trades, Portfolio) with 3.86%, Jana Partners (Trades, Portfolio) with 1.93%, Ron Baron (Trades, Portfolio) with 0.35%, Stahl with 0.32%, Weitz with 0.16% and Mario Gabelli (Trades, Portfolio) with 0.12%.

The investor sold out of Comstock Mining Inc. (LODE). The transaction had an impact of -0.74% on the portfolio.

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The gold and silver mining company has several projects, including The Lucerne Resource, The Dayton Resource and The Spring Valley exploration.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -70.09% and ROA of -31.84% are underperforming 82% of the companies in the Global Gold industry. Financial strength has a rating of 2 out of 10. The cash-debt ratio of 0.03 is below the industry median of 34.90.

Chuck Royce (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.98% of outstanding shares.

Van Den Berg reduced his Berkshire Hathaway Inc. (NYSE:BRK.B) position by 3.92%, impacting the portfolio by -0.2%.

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The conglomerate owns a wide array of businesses, from candy to railroads and insurance.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 8.25% is underperforming the sector, the ROA of 3.62% is outperforming 66% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 7 out of 10 with a cash-debt ratio of 0.93.

The largest shareholder of the company among the gurus is Bill Gates (Trades, Portfolio) with 2.61% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.12%, Cunniff with 0.11%, Tom Russo (Trades, Portfolio) with 0.1%, David Rolfe (Trades, Portfolio) with 0.09%, Chris Davis (Trades, Portfolio) with 0.07% and Tom Gayner (Trades, Portfolio) with 0.06%.

Van Den Berg also reduced his Colfax Corp. (NYSE:CFX) stake by 4.09%. The trade had an impact of -0.19% on the portfolio.

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The industrial manufacturing and engineering company provides gas and fluid handling and fabrication services. It also produces equipment for welding and cutting applications.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 5.25% and ROA of 2.41% are underperforming 61% of the companies in the Global Diversified Industrials industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 1.01.

Chuck Akre (Trades, Portfolio) is the largest shareholder of the company among the gurus with 3.82% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 2.04%, Barrow, Hanley, Mewhinney & Strauss with 1.46%, Weitz with 1.4%, Gayner with 0.92% and Steven Cohen (Trades, Portfolio) with 0.73%.

The Enstar Group Ltd. (ESGR) stake was reduced by 5.11% with an impact of -0.18% on the portfolio.

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The company acquires and manages insurance and reinsurance companies.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 10.04% is outperforming the sector, the ROA of 2.08% is underperforming 54% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 1.26 is below the industry median of 10,000.

The largest guru shareholder of the company is Akre with 7.45% of outstanding shares, followed by Hotchkis & Wiley with 2.82%, Diamond Hill Capital with 1.69%, Van Den Berg with 0.6%, Jim Simons (Trades, Portfolio) with 0.25% and Arnold Schneider (Trades, Portfolio) with 0.18%.

Van Den Berg's holding of Allegheny Technologies Inc. (NYSE:ATI) was reduced by 3.17% with an impact of -0.16% on the portfolio.

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The diversified specialty metals producer manufactures titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components and zirconium.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of -32.33% and ROA of -9.29% are underperforming 94% of the companies in the Global Metal Fabrication industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.08 is below the industry median 1.01.

With 3.59% of outstanding shares, Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus, followed by Alan Fournier (Trades, Portfolio) with 2.85%, First Eagle Investment (Trades, Portfolio) with 1.84%, Van Den Berg with 1.73%, Royce with 1.38% and Gabelli with 0.76%.

The investor reduced his position in Unit Corp. (NYSE:UNT) by 3.11%. The trade had an impact of -0.14% on the portfolio.

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Unit is an oil and gas drilling company.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -6.45% and ROA of -3.11% are outperforming 50% of the companies in the Global Oil and Gas Drilling industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.01 is above the industry median of 0.38.

Another notable shareholder of the company among the gurus is Royce with 1.49% of outstanding shares, followed by Grantham with 0.19%, Scott Black (Trades, Portfolio) with 0.16%, Joel Greenblatt (Trades, Portfolio) with 0.08% and Paul Tudor Jones (Trades, Portfolio) with 0.03%.

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

About the author:

Tiziano Frateschi
You can read about me on this blog: www.theextraincome.info

It gives suggestions on position trading.

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