Chris Davis (Trades, Portfolio), manager of the Davis Financial Fund, sold shares of the following stocks during the second quarter.
The guru reduced his holding of FedEx Corp. (FDX, Financial) by 99.81%. The trade had an impact of -1.72% on the portfolio.
The world's largest express courier delivery company has a market cap of $63.73 billion and an enterprise value of $77.05 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 25.93% and the return on assets of 9.06% are outperforming 96% of companies in the Global Integrated Shipping and Logistics industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.20 is below the industry median of 0.30.
PRIMECAP Management (Trades, Portfolio) is the largest guru shareholder of the company with 5.75% of outstanding shares, followed by Dodge & Cox with 3.94% and Bill Gates (Trades, Portfolio) with 1.4%.
The Amazon.com Inc. (AMZN, Financial) position was trimmed 20.77%. The trade had an impact of -1.48% on the portfolio.
The online retailer has a market cap of $924.85 billion and an enterprise value of $922.44 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 22.09% and return on assets of 5.28% are outperforming 65% of companies in the Global Specialty Retail industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.10 is above the industry median of 0.99.
The largest shareholder of the company among the gurus is Frank Sands (Trades, Portfolio) with 0.38% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.32% and Chase Coleman (Trades, Portfolio) with 0.25%.
The Axalta Coating Systems Ltd. (AXTA, Financial) position was trimmed by 99.73%. The transaction had an impact of -1.16% on the portfolio.
The company, which manufactures high-performance coatings systems, has a market cap of $7.19 billion and an enterprise value of $10.62 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.51% is outperforming the sector, the return on assets of 2.04% is underperforming 73% of companies in the Global Specialty Chemicals industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.14 is below the industry median of 0.72.
Warren Buffett (Trades, Portfolio) is the company's largest shareholder among the gurus with 10.09% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 4.33% and Barrow, Hanley, Mewhinney & Strauss with 2.91%.
Davis trimmed 86.23% off his Liberty Global PLC (LBTYK, Financial) stake, impacting the portfolio by -0.99%.
The company, which invests in international television and broadband companies, has a market cap of $20.8 billion and an enterprise value of $51.39 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -32.27% and the return on assets of -3.74% are underperforming 91% of companies in the Global Pay TV industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.30.
The largest shareholder of the company among the gurus is Dodge & Cox with 4.99% of outstanding shares, followed by David Herro (Trades, Portfolio) with 3.09%, First Eagle Investment (Trades, Portfolio) with 1.4% and Lou Simpson (Trades, Portfolio) with 1.24%.
The Aptiv PLC (APTV, Financial) holding was reduced by 79.68%. The trade had an impact of -0.53% on the portfolio.
The company provides components and systems that make up a vehicle's electrical system. It has a market cap of $24.56 billion and an enterprise value of $27.91 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return of equity of 38.11% and the return on assets of 9.72% are outperforming 83% of companies in the Global Auto Parts industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.24 is below the industry median of 0.53.
Larry Robbins (Trades, Portfolio) is the largest guru shareholder of the company with 1.01% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 0.83% and Joel Greenblatt (Trades, Portfolio) with 0.22%.
The TAL Education Group (TAK, Financial) holding was closed, impacting the portfolio by -0.23%.
The company provides after-school tutoring programs for primary and secondary school students in China. It has a market cap of $19.14 billion and an enterprise value of $17.47 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 19.89% and the return on assets of 8.46% are outperforming 66% of companies in the Global Education and Training Services industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 8.20 is above the industry median of 2.93.
The largest guru shareholder of the company is Coleman with 1.78% of outstanding shares, followed by Ron Baron (Trades, Portfolio) with 0.42%, Louis Moore Bacon (Trades, Portfolio) with 0.19% and Stanley Druckenmiller (Trades, Portfolio) with 0.12%.
Disclosure: I do not own any stocks mentioned in this article.
