Appaloosa Management’s David Tepper (Trades, Portfolio) sold shares of the following stocks during the second quarter.
The guru trimmed 34.78% off his Alibaba Group Holding Ltd. (BABA) stake, impacting the portfolio by -2.69%.
The e-commerce company has a market cap of $464.62 billion and an enterprise value of $469.64 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 16.78% and return on assets of 8.68% are outperforming 83% of companies in the Global Specialty Retail industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.34 is above the industry median of 0.99.
PRIMECAP Management (Trades, Portfolio) is the largest guru shareholder of the company with 0.59% of outstanding shares, followed by Frank Sands (Trades, Portfolio) with 0.57%.
The Facebook Inc. (FB) holding was reduced by 18.28%. The trade had an impact of -1.88% on the portfolio.
The world's largest social network has a market cap of $512.35 billion and an enterprise value of $470.04 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 25.83% and return on assets of 22.89% are outperforming 85% of companies in the Global Internet Content and Information industry. Its financial strength is rated 10 out of 10 with no debts.
Sands is the largest guru shareholder of the company with 0.3% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio) with 0.21%.
The guru cut his position in NRG Energy Inc. (NRG) by 61.80%. The transaction had an impact of -1.32% on the portfolio.
The largest independent power producer in the U.S. has a market cap of $10.36 billion and an enterprise value of $27.59 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -372.61% and return on assets of -4.19% are underperforming 98% of companies in the Global Utilities - Independent Power Producers industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.06 is below the industry median of 0.17.
Jim Simons (Trades, Portfolio) is the largest guru shareholder of the company with 1.84% of outstanding shares, followed by Tepper with 0.85%.
The Altaba Inc. (AABA) stake was reduced by 20.05%. The trade had an impact of -1.24% on the portfolio.
The investment company has a market cap of $56.71 billion and an enterprise value of $61.16 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 4.94% and return on assets of 3.31% are underperforming 74% of companies in the Global Asset Management industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.74 is below the industry median of 0.76.
Paul Singer (Trades, Portfolio) is the company's largest guru shareholder with 2.77% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 0.86% and Tepper with 0.8%.
The guru trimmed his MGM Resorts International (MGM) holding by 80.50%, impacting the portfolio by -1.19%.
The owner and operator of casinos, hotels and other entertainment resorts has a market cap of $15.72 billion and an enterprise value of $31.96 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 26.86% and return on assets of 6.51% are outperforming 72% of companies in the Global Resorts and Casinos industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.09 is well below the industry median of 0.71.
Bill Nygren (Trades, Portfolio) is the largest guru shareholder of the company with 1.75% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.8% and Mario Gabelli (Trades, Portfolio) with 0.37%.
The Bank of America Corp. (BAC) position was reduced by 33.94%, impacting the portfolio by -1.16%.
The bank holding and financial holding company has a market cap of $312.66 billion and an enterprise value of $423.64 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on assets of 0.95% and return on equity of 7.57% are underperforming 5% of companies in the Global Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.67 is below the industry median of 1.22.
Warren Buffett (Trades, Portfolio) is the company's largest guru shareholder with 6.8% of outstanding shares, followed by Dodge & Cox with 1.33% and Barrow, Hanley, Mewhinney & Strauss with 0.23%
Disclosure: I do not own any stocks mentioned in this article.
