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Tiziano Frateschi
Tiziano Frateschi
Articles (2650)  | Author's Website |

John Hussman Sells Baidu, Syntel

Guru's largest sales of the 3rd quarter

John Hussman (Trades, Portfolio) is an American investor who is well known for his quantitative approach to macro investing. During the third quarter he sold shares in the following stocks.

The guru almost closed his Corning Inc. (GLW) position after a reduction of 98.04%. The trade had an impact of -1.11% on the portfolio.

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The company, which manufactures specialty glass and ceramics, has a market cap of $25.57 billion and an enterprise value of $31.37 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of -4.73% and the return on assets of -2.36% are underperforming 82% of companies in the Global Electronic Components industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.36 is below the industry median of 1.32.

The company's largest shareholder among the gurus is Mairs and Power (Trades, Portfolio) with 0.29% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.07% and Mario Gabelli (Trades, Portfolio) with 0.04%.

The investor trimmed his position in Fastenal Co. (FAST) by 98.43%. The trade had an impact of -0.97% on the portfolio.

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The industrial supplies company has a market cap of $14.76 billion and an enterprise value of $15.02 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 33.30% and return on assets of 24.30% are outperforming 95% of companies in the Global Industrial Distribution industry. Its financial strength is rated of 8 out of 10. The cash-debt ratio of 0.33 is above the industry median of 0.78.

The largest shareholder of the company is Mairs and Power (Trades, Portfolio) with 1.03% of outstanding shares, followed by the David Rolfe (Trades, Portfolio) with 0.54%, Ron Baron (Trades, Portfolio) with 0.46% and Pioneer Investments (Trades, Portfolio) with 0.43%.

Hussman cut his Express Scripts Holding Co. (ESRX) position by 97.77%. The trade had an impact of -0.97% on the portfolio.

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The pharmacy benefit manager has a market cap of $54.68 billion and an enterprise value of $65.97 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 26.51% and return on assets of 9.11% are outperforming 75% of companies in the Global Health Care Plans industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.25 is below the industry median of 1.15.

Dodge & Cox is the largest guru shareholder of the company with 2.45% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 2.45%, Larry Robbins (Trades, Portfolio) with 1.24% and Glenn Greenberg (Trades, Portfolio) with 0.22%.

The guru exited his Southwest Airlines Co. (LUV) stake. The trade impacted the portfolio by -0.68%.

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The company, which operates an all-Boeing fleet, has a market cap of $28.65 billion and an enterprise value of $28.28 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 37.64% and return on assets of 14.39% are outperforming 84% of companies in the Global Airlines industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.11 is above the industry median of 0.54.

The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 12.86% of outstanding shares, followed by the Warren Buffett (Trades, Portfolio) with 9.87%, Barrow, Hanley, Mewhinney & Strauss with 0.38% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.19%.

The Five Below Inc. (FIVE) stake was closed, impacting the portfolio by -0.66%.

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The company, which operates stores in the discount and variety sector of retail, has a market cap of $6.7 billion and an enterprise value of $6.44 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 28.31% and return on assets of 18.21% are outperforming 91% of companies in the Global Specialty Retail industry. Its financial strength is rated 9 out of 10 with no debt.

Simons’ firm is the company's largest shareholder among the gurus with 2.48% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.04%.

The guru's Baidu Inc. ADR (BIDU) position was closed. This trade impacted the portfolio by -0.65%.

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The company, which operates an internet search engine in China, has a market cap of $66.54 billion and an enterprise value of $58.67 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 21.30% and return on assets of 9.97% are outperforming 72% of companies in the Global Internet Content and Information industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 2.35 is below the industry median of 7.46.

The largest guru shareholder of the company is Frank Sands (Trades, Portfolio) with 0.78% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 0.59% and Matthews Pacific Tiger Fund (Trades, Portfolio) with 0.34%.

The Syntel Inc. (SYNT) stake was closed, impacting the portfolio by -0.65%.

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The company, which provides digital transformation and knowledge process outsourcing services, has a market cap of $3.4 billion and an enterprise value of $3.54 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on assets of 38.39% is outperforming 98% of companies in the Global Information Technology Services industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.48 is below the industry median of 4.27.

Simons’ firm is the company's largest shareholder among the gurus with 0.55% of outstanding shares, followed by Hotchkis & Wiley with 0.13%, Murray Stahl (Trades, Portfolio) with 0.01% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

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

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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