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Tiziano Frateschi
Tiziano Frateschi
Articles (1437)  | Author's Website |

Ken Fisher's Largest 3rd-Quarter Sales

Parexel, Dupont Fabros among positions guru divested

Ken Fisher (Trades, Portfolio) is the CEO and chief investment officer of Fisher Asset Management LLC. During the third quarter, he sold shares of the following stocks:

The guru closed his Parexel International Corp. (PRXL) position, impacting the portfolio -0.29%.

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The biopharmaceutical services company has a market cap of $4.5 billion and an enterprise value of $4.87 billion.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 17.53% and return on assets (ROA) of 4.92% are outperforming 72% of the companies in the Global Diagnostics and Research industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.45 is below the industry median of 3.13.

The company’s largest shareholder among the gurus is Joel Greenblatt (Trades, Portfolio) with 0.3% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.18% and Mario Gabelli (Trades, Portfolio) with 0.02%.

Fisher also exited his stake in Dupont Fabros Technology Inc. (DFT). The trade had an impact of -0.12% on the portfolio.

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The data center real estate investment trust has a market cap of $5.22 billion and an enterprise value of $6.92 billion.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 13.36% and ROA of 4.66% are outperforming 64% of the companies in the Global REIT – Office industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.06.

Pioneer Investments (Trades, Portfolio) is the company's largest guru shareholder with 0.13% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.03%.

Fisher's PNC Financial Services Group Inc. (NYSE:PNC) stake was reduced 90.57%, impacting the portfolio by 0.05%.

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The bank has a market cap of $65.61 billion and an enterprise value of $94.59 billion.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10. While the ROE of 8.75% is underperforming the sector, the ROA of 1.16% is outperforming 67% of the companies in the Global Banks - Regional - U.S. industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.51 is below the industry median of 2.05.

Barrow, Hanley, Mewhinney & Strauss is the company's largest shareholder among the gurus with 0.48% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.37%, Pioneer Investments with 0.36%, Diamond Hill Capital (Trades, Portfolio) with 0.33% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.33%.

Fisher exited his Equifax Inc. (NYSE:EFX) position with an impact of 0.04% on the portfolio.

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The business services company has a market cap of $13.1 billion and an enterprise value of $15.59 billion.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 20.73% and ROA of 8.46% are outperforming 77% of the companies in the Global Business Services industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.14 is below the industry median of 1.37.

The company's largest guru shareholder is Jones with 0.11% of outstanding shares, followed by Simons with 0.1%.

Fisher's HDFC Bank Ltd. (NYSE:HDB) stake was reduced 3.41%. The trade had an impact of -0.04% on the portfolio.

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The bank has a market cap of $73.54 billion and an enterprise value of $81 billion.

GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 15.67% and ROA of 1.69% are outperforming 83% of the companies in the Global Banks - Regional - Asia industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.66 is below the industry median of 2.05.

With 0.11% of outstanding shares, Jeremy Grantham (Trades, Portfolio) is the company's largest guru shareholder, followed by Andreas Halvorsen (Trades, Portfolio) with 0.05% and Stanley Druckenmiller (Trades, Portfolio) with 0.02%.

The investor reduced his position in Qualcomm Inc. (NASDAQ:QCOM) by 35.62%, impacting the portfolio by -0.04%.

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The chip manufacturer has a market cap of $80.08 billion and an enterprise value of $81.1 billion.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 12.46% and ROA of 7.06% are outperforming 70% of the companies in the Global Semiconductors industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.95 is below the industry median of 1.62.

The company's largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 1.71% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 1.06% and the T. Rowe Price Equity Income Fund with 0.43%.

Fisher curbed his Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) holding by 1.63%. The trade had an impact of -0.03% on the portfolio.

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The semiconductor manufacturer has a market cap of $203.84 billion and an enterprise value of $188.02 billion.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 26.25% and ROA of 18.67% are outperforming 95% of the companies in the Global Semiconductors industry. Financial strength has a rating of 8 out of 10. The cash-debt ratio of 4.29 is above the industry median of 1.62.

Fisher is the company's largest shareholder among the gurus with 0.65% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 0.12%.

The guru reduced his Wells Fargo & Co. (NYSE:WFC) position by 58.04%, with an impact of -0.03% on the portfolio.

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The bank has a market cap of $273.1 billion and an enterprise value of $613.78 billion.

GuruFocus gives the stock a profitability and growth rating of 5 out of 10. The ROE of 9.61% and ROA of 1.09% are outperforming 62% of the companies in the Global Banks – Global industry. Financial strength has a rating of 4 out of 10. The cash-debt ratio of 0.06 is below the industry median of 2.05.

The company's largest guru shareholder is Warren Buffett (Trades, Portfolio) with 9.05% of outstanding shares, followed by Dodge & Cox with 1.44% and Barrow, Hanley, Mewhinney & Strauss with 0.7%.

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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