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Tiziano Frateschi
Tiziano Frateschi
Articles (1518)  | Author's Website |

Ken Fisher Exits Parexel and Equifax, Sells Qualcomm

The fund's largest 3rd quarter sales

Ken Fisher (Trades, Portfolio) is the founder, executive chairman and co-chief investment officer of Fisher Asset Management LLC. During the third quarter, the guru sold shares in the following stocks:

The guru exited his holding in Parexel International Corp. (PRXL), impacting the portfolio by -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 company 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 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%.

The investor closed his Dupont Fabros Technology Inc. (DFT) position. The trade had an impact of -0.12% on the portfolio.

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The developer of multi-tenant wholesale data centers has a market cap of $5.22 billion and an enterprise value of $6.92 billion.

GuruFocus gives the company 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.

Jim Simons (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.03% of outstanding shares.

The PNC Financial Services Group Inc. (PNC) position was almost closed with a reduction of 90.57% and an impact of -0.05% on the portfolio.

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The provider of financial services, such as retail, corporate and institutional banking, has a market cap of $63.03 billion and an enterprise value of $91.21 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the ROE of 8.74% is underperforming the sector, ROA of 1.16% is outperforming 57% of the companies in the Global Banks - Regional - US 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 largest shareholder of the company among the gurus, with 0.48% of outstanding shares followed by David Tepper (Trades, Portfolio) with 0.37%, Diamond Hill Capital (Trades, Portfolio) with 0.33% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.33%.

The guru's position in Equifax Inc. (EFX) was exited, impacting the portfolio by -0.04%.

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It is one of the most important credit bureaus in the U.S. It has a market cap of $13.09 billion and an enterprise value of $15.58 billion.

GuruFocus gives the company 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 largest shareholder of the company among the gurus is Manning & Napier Advisors Inc with 0.23% of outstanding shares followed by P.T. Jones with 0.11%, Simons with 0.1% and Greenblatt with 0.03%.

The guru cut his HDFC Bank Ltd. ADR (HDB)’s holding by 3.41%. The trade had an impact of -0.04% on the portfolio.

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The banking and financial services company has a market cap of $71.64 billion and an enterprise value of $80.83 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 16.30% and ROA of 1.75% 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 0.45 is below the industry median of 2.05.

Fisher is the largest shareholder of the company among the gurus with 0.92% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.11% and Andreas Halvorsen (Trades, Portfolio) with 0.05%.

The Qualcomm Inc. (QCOM) stake was reduced by 35.62%, impacting the portfolio by -0.04%.

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The wireless technology licenser and developer has a market cap of $95.19 billion and an enterprise value of $79.77 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 7.88% and ROA of 4.24% 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 1.70 is above industry median of 1.62.

The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.71% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 1.06% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.43%.

The Taiwan Semiconductor Manufacturing Co Ltd (TSM)’s position was cut by 1.63%. The trade had an impact of -0.03% on the portfolio.

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The company that operates in the semiconductors industry has a market cap of $207.31 billion and an enterprise value of $190.1 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 26.25% and ROA of 18.67% are outperforming 92% 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.

Sarah Ketterer (Trades, Portfolio) is another notable shareholder of the company among the gurus with 0.12% of outstanding shares followed by Grantham with 0.1% and Howard Marks (Trades, Portfolio) with 0.07%.

The guru also cut his holding of Wells Fargo & Co. (WFC) by 58.04%, impacting the portfolio by -0.03%.

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It is considered one of the largest banks in the U.S. It has a market cap of $264.97 billion and an enterprise value of $604.94 billion.

GuruFocus gives the company 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 largest shareholder of the company among the gurus is Warren Buffett (Trades, Portfolio) with 9.5% 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.

Visit Tiziano Frateschi's Website


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