Value investor Chris Davis (Trades, Portfolio) sold shares of the following stocks in the first quarter.
The guru shaved 23.34% off his Amazon.com Inc. (AMZN, Financial) position, impacting the portfolio by -1.73%.
The e-commerce company has a market cap of $764.78 billion and an enterprise value of $764.45 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. Its return on equity of 15.30% and return on assets of 3.64% are outperforming 54% of companies in the Global Specialty Retail industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.01 is near the industry median of 1.02.
Ken Fisher (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.38% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.38% and Chase Coleman (Trades, Portfolio) with 0.25%.
The Cabot Oil & Gas Corp. (COG, Financial) holding was reduced by 85.39%. The trade had an impact of -1.49% on the portfolio.
The oil and gas producer has a market cap of $10.47 billion and an enterprise value of $11.03 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 4.33% and ROA of 2.25% are outperforming 64% of companies in the Global Oil and Gas E&P industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.63 is above the industry median of 0.51.
The company's largest shareholder among the gurus is Pioneer Investments (Trades, Portfolio) with 1.47% of outstanding shares, followed by Davis with 0.47% and Steven Cohen (Trades, Portfolio) with 0.41%.
Davis trimmed his Express Scripts Holding Co. (ESRX, Financial) position by 90.16%. The transaction had an impact of -1.12% on the portfolio.
The pharmacy benefits manager has a market cap of $41.14 billion and an enterprise value of $53.81 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 27.30% and ROA of 8.82% are outperforming 72% of companies in the Global Health Care Plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.16 is below the industry median of 1.15.
Dodge & Cox is the largest guru shareholder of the company with 6.23% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.56% and Richard Pzena (Trades, Portfolio) with 0.55%.
The guru curbed his Aptiv PLC (APTV, Financial) stake by 27.12%, impacting the portfolio by -0.24%.
The company, which supplies components and systems that are used to build a vehicle's electrical system, has a market cap of $25.42 billion and an enterprise value of $28.53 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 42.96% and ROA of 10.30% are outperforming 84% of companies in the Global Auto Parts industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.32 is below the industry median of 0.74.
With 0.83% of outstanding shares, Bill Nygren (Trades, Portfolio) is the company's largest guru shareholder, followed by Davis with 0.69%, Pioneer Investments with 0.43% and Joel Greenblatt (Trades, Portfolio) with 0.22%.
Davis reduced his Berkshire Hathaway Inc. (BRK.A, Financial) holding by 4.19%. The trade had an impact of -0.22% on the portfolio.
The conglomerate, whose primary business is insurance, has a market cap of $487.12 billion and an enterprise value of $481.3 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 12.44% and ROA of 5.83% are outperforming 66% of companies in the Global Insurance – Diversified industry. Its financial strength is rated 5 out of 10. It has a cash-debt ratio of 0.58.
Tom Russo (Trades, Portfolio) is the company's largest shareholder among the gurus with 0.28% of outstanding shares, followed by Davis with 0.24% and Ruane Cunniff (Trades, Portfolio) with 0.2%.
The JPMorgan Chase & Co. (JPM, Financial) holding was reduced by 3.60%, impacting the portfolio by -0.21%.
The bank has a market cap of $384.84 billion and an enterprise value of $298.03 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROA of 9.67% and ROA of 1.04% are outperforming 53% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.37 is above the industry median of 2.12.
The company's largest guru shareholder is Dodge & Cox with 0.74% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.5% and Davis with 0.36%.
The Liberty Global PLC (LBTYK, Financial) position was trimmed by 12.31%. The trade had an impact of -0.18% on the portfolio.
The company, which invests in international television and broadband companies, has a market cap of $23.38 billion and an enterprise value of $65 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of -50.47% and ROA of -6.49% are underperforming 89% of companies in the Global Pay TV industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.42.
Dodge & Cox is the company's largest shareholder among the gurus with 4.82% of outstanding shares, followed by David Herro (Trades, Portfolio) with 2.93% and Lou Simpson (Trades, Portfolio) with 1.2%.
Davis closed his Delphi Technologies PLC (DLPH, Financial) holding, impacting the portfolio by -0.16%.
The company develops, designs and manufactures integrated powertrain technologies. It has a market cap of $4.49 billion and an enterprise value of $5.87 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The ROE of 39.13% and ROA of 7.92% are outperforming 77% of companies in the Global Auto Parts industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.74.
The company's largest guru shareholder is Nygren with 0.83% of outstanding shares, followed by Robert Olstein (Trades, Portfolio) with 0.08% and Pioneer Investments with 0.03%.
Disclosure: I do not own any stocks mentioned in this article.
