Investment management firm Donald Smith & Co. Inc. was founded by Donald Smith (Trades, Portfolio), who now serves as president and chief investment officer. He sold shares of the following stocks during the fourth quarter.
The guru reduced his KB Home (KBH, Financial) stake by 63.68%, impacting the portfolio by -2.21%.
The home builder has a market cap of $2.7 billion and an enterprise value of $4.3 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its return on equity (ROE) of 10.04% and return assets (ROA) of 3.59% are outperforming 60% of companies in the Global Residential Construction industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 0.56.
Ken Fisher (Trades, Portfolio) is the company's largest shareholder among the gurus with 3.89% of outstanding shares, followed by Donald Smith (Trades, Portfolio) with 2.49%, Jim Simons (Trades, Portfolio) with 2.09% and John Hussman (Trades, Portfolio) with 0.18%.
Smith closed his position in CalAtlantic Group Inc. (CAA, Financial). The trade had an impact of -1.54% on the portfolio.
The residential construction company has a market cap of $6.17 billion and an enterprise value of $10.03 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its ROE of 10.39% and ROA of 5.02% are outperforming 65% of companies in the Global Residential Construction industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.56.
The company's largest guru shareholder is Fisher with 1.88% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.4% and John Paulson (Trades, Portfolio) with 0.04%.
The guru exited his Axcelis Technologies Inc. (ACLS, Financial) holding. The transaction had an impact of -1.5% on the portfolio.
The company, which manufactures ion implantation and other processing equipment, has a market cap of $807.61 million and an enterprise value of $741.44 million.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. Its ROE of 50.22% and ROA of 34.30% are outperforming 98% of companies in the Global Semiconductor Equipment and Materials industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 2.80 is above the industry median of 1.48.
PRIMECAP Management (Trades, Portfolio) is the company's largest shareholder among the gurus with 9.48% of outstanding shares, followed by Joel Greenblatt (Trades, Portfolio) with 0.36.
The Micron Technology Inc. (MU, Financial) position was cut by 10.74%, impacting the portfolio by -1.23%.
The company, which provides memory and storage solutions, has a market cap of $51.92 billion and an enterprise value of $55.66 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. Its ROE of 45.20% and ROA of 22.85% are outperforming 96% of companies in the Global Semiconductor Memory industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.68 is below the industry median of 1.48.
With 5.05% of outstanding shares, PRIMECAP is the company's largest guru shareholder, followed by David Tepper (Trades, Portfolio) with 2.38% and Smith with 0.93%.
Smith also reduced his JetBlue Airways Corp. (JBLU, Financial) stake by 34.55%. The trade had an impact of -0.1% on the portfolio.
The airline has a market cap of $6.44 billion and an enterprise value of $6.93 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. Its ROE of 27.23% and ROA of 11.99% are outperforming 72% of companies in the Global Airlines industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.58 is above the industry median of 0.55.
Pioneer Investments (Trades, Portfolio) is another notable guru shareholder of the company with 0.16% of outstanding shares, followed by Robert Olstein (Trades, Portfolio) with 0.1%, Richard Snow (Trades, Portfolio) with 0.09% and Louis Moore Bacon (Trades, Portfolio) with 0.02%.
The Unum Group (UNM, Financial) position was reduced by 21.49%, impacting the portfolio by -0.41%.
The insurance company has a market cap of $11.65 billion and an enterprise value of $13.49 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 10.71% and ROA of 1.57% are outperforming 60% of companies in the Global Insurance - Life industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.03 is below the industry median of 7.09.
The company's largest guru shareholder is Smith with 1.2% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 0.55%.
Smith trimmed his Goldman Sachs Group Inc. (GS, Financial) holding by 54.17%. The transaction had an impact of -0.76% on the portfolio.
The investment banking company has a market cap of $99.55 billion and enterprise value of $274.1 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 4.30% and ROA of 0.48% are underperforming 68% of companies in the Global Capital Markets industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.42 is below the industry median of 12.29.
With 3.06% of outstanding shares, Dodge & Cox is the company's largest guru shareholder, followed by Warren Buffett (Trades, Portfolio) with 2.91% and Spiros Segalas (Trades, Portfolio) with 0.49%.
The Kinross Gold Corp. (KGC) position was reduced by 10.91%, impacting the portfolio by -0.69%.
The gold miner has a market cap of $4.91 billion and an enterprise value of $5.37 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 10.19% and ROA of 5.50% are outperforming 72% of companies in the Global Gold industry. Its financial strength is rated 5 out of 10. The cash-debt ratio is 0.59.
The company's largest shareholder among the gurus is Smith with 4.45% of outstanding shares, followed by Simons with 3.36%, Pioneer Investments with 0.38% and Ray Dalio (Trades, Portfolio) with 0.03%.
Disclosure: I do not own any stocks mentioned in this article.
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