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George Soros Sells Spotify, Netflix, JPMorgan

Guru's largest sales of 3rd quarter

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Tiziano Frateschi
Nov 23, 2018
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George Soros (Trades, Portfolio), the founder of Soros Fund Management, sold shares of the following stocks during the third quarter.

The guru closed the holding of NXP Semiconductors NV (

NXPI, Financial). The trade had an impact of -3.71% on the portfolio.

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The semiconductor manufacturer has a market cap of $24.06 billion and an enterprise value of $29.71 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 20.85% and return on assets of 11.61% are outperforming 51% of companies in the Global Semiconductors industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.31 is below the industry median of 1.69.

The company's largest shareholder among the gurus is

Paul Singer (Trades, Portfolio) with 3.55% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 0.87%, Larry Robbins (Trades, Portfolio) with 0.69% and Pioneer Investments (Trades, Portfolio) with 0.5%.

Soros exited his Rockwell Collins Inc. (

COL, Financial) stake. The trade had an impact of -1.51% on the portfolio.

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The aviation and high-integrity solutions company has a market cap of $21.34 billion and an enterprise value of $27.91 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 15.99% and return on assets of 5.52% are outperforming 72% of companies in the Global Aerospace and Defense industry. Its financial strength is rated of 5 out of 10. The cash-debt ratio of 0.09 is below the industry median of 0.53.

The largest shareholder of the company is

Jeremy Grantham (Trades, Portfolio) with 0.25% of outstanding shares, followed by John Paulson (Trades, Portfolio) with 0.21%, Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.17% and Paul Tudor Jones (Trades, Portfolio) with 0.15%.

The guru trimmed his Spotify Technology SA (

SPOT, Financial) position by 62.52%. The trade had an impact of -1.36% on the portfolio.

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The music streaming subscription service has a market cap of $23.32 billion and an enterprise value of $22.64 billion.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of -143.13% and return on assets of -40.43% are underperforming 99.99% of companies in the Global Internet Content and Information industry. Its financial strength is rated 8 out of 10 with no debt.

Chase Coleman (Trades, Portfolio) is the company's largest shareholder among the gurus with 7.12% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 0.57%, Lee Ainslie (Trades, Portfolio) with 0.21% and Louis Moore Bacon (Trades, Portfolio) with 0.15%.

The guru sold out of XL Group Ltd. (

XL, Financial). The trade impacted the portfolio by -1.27%.

The provider of insurance and reinsurance products has a market cap of $14.85 billion and an enterprise value of $16.13 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -5.42% and return on assets of -0.85% are underperforming 92% of companies in the Global Insurance - Property and Casualty industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.90 is below the industry median of 2.82.

The Netflix Inc. (

NFLX, Financial) holding was trimmed by 88.52%, impacting the portfolio by -0.73%.

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The video and TV streaming platform has a market cap of $116.43 billion and an enterprise value of $128.41 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 30.90% and return on assets of 6.18% are outperforming 67% of companies in the Global Media - Diversified industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.37 is below the industry median of 0.82.

Frank Sands (Trades, Portfolio) is the company's largest shareholder among the gurus with 1.21% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.72%, Coleman with 0.49% and Bill Nygren (Trades, Portfolio) with 0.3%.

The JPMorgan Chase & Co. (

JPM, Financial) position was cut by 59.22%, impacting the portfolio by -0.72%.

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The financial institution has a market cap of $55 billion and an enterprise value of $304 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 10.82% and return on assets of 1.15% are outperforming 62% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.25 is below the industry median of 1.22.

The largest guru shareholder of the company is

Warren Buffett (Trades, Portfolio) with 1.07% of outstanding shares, followed by Dodge & Cox with 0.75%, PRIMECAP Management (Trades, Portfolio) with 0.7% and Barrow, Hanley, Mewhinney & Strauss with 0.36%.

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

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