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John Burbank Reduces Parsley Energy, AMD Positions, Exits Facebook

Some of the guru's largest 3rd-quarter sales

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Nov 20, 2017
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John Burbank (Trades, Portfolio) is the founder of Passport Capital LLC, a global investment firm headquartered in San Francisco. During the first six months of the year, the fund had a negative performance of -7.6%. In the third quarter, the investor sold shares of the following stocks.

Burbank's Parsley Energy Inc. (

PE, Financial) stake was reduced by 46.63%, impacting the portfolio by -4.15%.

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The oil and natural gas producer has a market cap of $7.92 billion and an enterprise value of $10.42 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity (ROE) of 0.75% and return on assets (ROA) of 0.43% are outperforming 65% of companies in the Global Oil and Gas Exploration and Production industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.55.

The company's largest shareholder among the gurus is

Andreas Halvorsen (Trades, Portfolio) with 5.66% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 1.82% and Daniel Loeb (Trades, Portfolio) with 1.7%.

The investor trimmed his position in Advanced Micro Devices Inc. (

AMD, Financial) by 75.51%. The trade had an impact of -3.2% on the portfolio.

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The manufacturer of microprocessors has a market cap of $10.68 billion and an enterprise value of $11.23 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of -16.07% and ROA of -2.01% are underperforming 99% of companies in the Global Semiconductors industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.62 is below the industry median of 1.62.

With 0.06% of outstanding shares, Burbank is the only guru invested in the company.

Burbank exited his Facebook Inc. (

FB, Financial) position. The transaction had an impact of -2.32% on the portfolio.

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The social network has a market cap of $517.09 billion and an enterprise value of $478.8 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 24.29% and ROA of 22% are outperforming 83% of companies in the Global Internet Content and Information industry. Financial strength has a rating of 9 out of 10 with no debt.

Frank Sands (Trades, Portfolio) is the company's largest guru shareholder with 0.48% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.28%, Steve Mandel (Trades, Portfolio) with 0.17% and Andreas Halvorsen (Trades, Portfolio) with 0.15%.

The guru closed his Oasis Petroleum Inc. (

OAS, Financial) holding, impacting the portfolio by -2%.

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The oil and gas producer has a market cap of $2.35 billion and an enterprise value of $4.8 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -1.96% and ROA of -0.91% are outperforming 55% of the companies in the Global Oil and Gas Exploration & Production industry. Financial strength has a rating of 3 out of 10. The cash-debt ratio of 0.46 is below the industry median of 0.55.

The company's largest guru shareholder is

John Paulson (Trades, Portfolio) with 2.05% of outstanding shares, followed by John Griffin (Trades, Portfolio) with 1.5%, Jim Simons (Trades, Portfolio) with 1.45% and Arnold Schneider (Trades, Portfolio) with 0.4%.

Burbank sold out of Dollar Tree Inc. (

DLTR, Financial). The trade had an impact of -1.83% on the portfolio.

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The discount retail store operator has a market cap of $22.05 billion and an enterprise value of $27.11 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The ROE of 17.33% and ROA of 5.82% are outperforming 68% of companies in the Global Discount Stores industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 0.51.

Chuck Akre (Trades, Portfolio) is the company's largest shareholder among the gurus with 2.04% of outstanding shares, followed by Louis Moore Bacon (Trades, Portfolio) with 0.22% and Cohen with 0.14%.

The Teradyne Inc. (

TER, Financial) position was closed, impacting the portfolio by -1.19%.

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The semiconductor equipment manufacturer has a market cap of $8.38 billion and an enterprise value of $7.11 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 22.19% and ROA of 15.26% are outperforming 87% of companies in the Global Semiconductor Equipment and Materials industry. Financial strength has a rating of 8 out of 10. The cash-debt ratio of 4.51 is above the industry median of 1.62.

The company's largest guru shareholder is Simons with 0.47% of outstanding shares, followed by

Chuck Royce (Trades, Portfolio) with 1.11%, NWQ Managers (Trades, Portfolio) with 0.93% and PRIMECAP Management (Trades, Portfolio) with 0.89%.

The Vulcan Materials Co. (

VMC, Financial) position was closed. The trade had an impact of -0.9% on the portfolio.

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The producer of building materials has a market cap of $16.08 billion and an enterprise value of $18.19 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 8.44% and ROA of 4.30% are outperforming 79% of companies in the Global Building Materials industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 0.25 is below the industry median of 0.49.

With 1.78% of outstanding shares, Loeb is the company's largest guru shareholder, followed by the 

T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.98%, Cohen with 0.79% and Lee Ainslie (Trades, Portfolio) with 0.54%.

The guru curbed his holding of JD.com Inc. (JD) by 49.25%, impacting the portfolio by -0.75%.

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The e-commerce company has a market cap of $56.2 billion and an enterprise value of $54.65 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of -2.17% and ROA of -0.54% are underperforming 73% of companies in the Global Internet Content and Information industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.37 is below the industry median of 13.55.

The company's largest shareholder among the gurus is

Chase Coleman (Trades, Portfolio) with 3.45% of outstanding shares, followed by Dodge & Cox with 2.08%, Ken Fisher (Trades, Portfolio) with 0.7%, John Griffin (Trades, Portfolio) with 0.36% and Ruane Cunniff (Trades, Portfolio) with 0.28%.

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

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