The founder, executive chairman and co-chief investment officer of Fisher Investments, Ken Fisher (Trades, Portfolio), sold shares in the following stocks during the third quarter.
The guru almost closed his Berkshire Hathaway Inc. Class B (BRK.B) position after a reduction of 91.08%. The trade had an impact of -0.73% on the portfolio.
The company, which operates in the financial services domain, has a market cap of $544.46 billion and an enterprise value of $542.27 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 17.83% and the return on assets of 8.77% are outperforming 66% of companies in the Global Insurance - Diversified industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.42.
The company's largest shareholder among the gurus is Bill Gates (Trades, Portfolio) with 2.16% of outstanding shares, followed by Tom Russo (Trades, Portfolio) with 0.1%, Diamond Hill Capital (Trades, Portfolio) with 0.09% and Chris Davis' (Trades, Portfolio) Davis Selected Advisers with 0.07%.
The investor sold 96.04% of his position in Bayer AG ADR (BAYRY). The trade had an impact of -0.71% on the portfolio.
The company, which operates in the German health care sector, has a market cap of $71.34 billion and an enterprise value of $123.38 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 17.65% and return on assets of 7.60% are outperforming 78% of companies in the Global Drug Manufacturers - Major industry. Its financial strength is rated of 5 out of 10. The cash-debt ratio of 0.13 is below the industry median of 2.03.
The largest shareholder of the company is Fisher with 0.02% of outstanding shares.
The guru cut his Roche Holding AG ADR (RHHBY) holding by 99.41%. The trade had an impact of -0.62% on the portfolio.
The pharmaceutical and diagnostic company has a market cap of $212.48 billion and an enterprise value of $227.05 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 40.98% and return on assets of 13.85% are outperforming 88% of companies in the Global Drug Manufacturers - Major industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.43 is below the industry median of 2.03.
Mairs and Power (Trades, Portfolio) is the largest guru shareholder of the company with 0.08% of outstanding shares.
The guru sold 14.17% of his Johnson & Johnson (JNJ) stake. The trade impacted the portfolio by -0.29%.
The company, which operates in the research and development of products in the health care field, has a market cap of $389.69 billion and an enterprise value of $401.58 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 2.37% and return on assets of 0.99% are underperforming 61% of companies in the Global Drug Manufacturers - Major industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.62 is below the industry median of 2.03.
The largest guru shareholder of the company is Fisher with 0.42% of outstanding shares, followed by the Barrow, Hanley, Mewhinney & Strauss with 0.33%, Yacktman Asset Management (Trades, Portfolio) with 0.18% and Pioneer Investments (Trades, Portfolio) with 0.17%.
The iShares iBoxx $ Investment Grade Corporate Bond (LQD) stake was cut by 7%, impacting the portfolio by -0.25%.
The Daimler AG ADR (DMLRY) position was almost closed with a reduction of 95.26%, impacting the portfolio by -0.22%.
The automotive manufacturer has a market cap of $63.99 billion and an enterprise value of $131.17 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the return on equity of 14.24% is outperforming the sector, the return on assets of 3.43% is underperforming 54% of companies in the Global Auto Manufacturers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.32 is below the industry median of 0.53.
The guru's Vodafone Group PLC ADR (VOD) position was trimmed by 24.98%. This trade impacted the portfolio by -0.22%.
The wireless phone company has a market cap of $51.8 billion and an enterprise value of $89.18 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 3.55% and return on assets of 1.65% are underperforming 64% of companies in the Global Telecom Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.28 is below the industry median of 0.30.
The largest guru shareholder of the company is Fisher with 0.79% of outstanding shares, followed by Hotchkis & Wiley with 0.74%, Jim Simons' (Trades, Portfolio) Renaissance Technologies with 0.24% and Sarah Ketterer (Trades, Portfolio) with 0.03%.
Disclosure: I do not own any stocks mentioned in this article.
