Paul Singer (Trades, Portfolio)’s Elliott Management sold shares of the following stocks during the fourth quarter.
The investor's holding of Dell-VMWare Tracking Stock (DVMT, Financial) was dissolved after Dell Technologies (DELL) bought back the shares and began trading again. The transaction had an impact of -4.23% on the portfolio.
The NXP Semiconductors NV (NXPI, Financial) stake was closed. The trade had an impact of -4% on the equity portfolio.
The semiconductor company has a market cap of $27.49 billion and an enterprise value of $32.24 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 17.78% and return on assets of 9.73% are outperforming 51% of companies in the Global Semiconductors industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.38 is below the industry median of 1.69.
The company's largest guru shareholder is John Paulson (Trades, Portfolio) with 0.79% of outstanding shares, followed by Charles Brandes (Trades, Portfolio) with 0.57% and Pioneer Investments (Trades, Portfolio) with 0.43%.
The guru sold out of Ocean Rig UDW Inc. (ORIG, Financial), impacting the equity portfolio by -2.85%.
The offshore drilling contractor has a market cap of $2.54 billion and an enterprise value of $2.22 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 3.79% and return on assets of 3.05% are outperforming 64% of companies in the Global Oil and Gas Drilling industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.93 is above the industry median of 0.40.
The company's largest guru shareholder is the Third Avenue Value Fund (Trades, Portfolio) with 0.95% of outstanding shares.
Singer trimmed 11.52% off his Altaba Inc. (AABA) stake, impacting the portfolio by -0.88%.
The independent investment management company has a market cap of $40.89 billion and an enterprise value of $45.34 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 41.01% and return on assets of 28.83% are outperforming 97% of companies in the Global Asset Management industry. Its financial strength is rated 3 out of 10. The debt-equity ratio of 0.07 is below the industry median of 0.33.
The largest guru shareholder is Singer with 3.68% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 1.21%, PRIMECAP Management (Trades, Portfolio) with 0.97% and Steven Romick (Trades, Portfolio)Ă‚ with 0.79%.
The guru exited his position in Micro Focus International PLC (MFGP, Financial). The trade had an impact of -0.51% on the equity portfolio.
The software company has a market cap of $9.44 billion and an enterprise value of $12.88 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 12.17% and return on assets of 5.34% are outperforming 61% of companies in the Global Software - Application industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.12 is below the industry median of 5.23.
The largest guru shareholder is Dodge & Cox with 8.7% of outstanding shares, followed by PRIMECAP Management with 3.72% and Sarah Ketterer (Trades, Portfolio) with 0.22%.
Singer curbed his Citrix Systems Inc. (CTXS, Financial) stake by 14.1%. The trade impacted the equity portfolio by -0.49%.
The provider of networking and cloud infrastructure solutions has a market cap of $14.35 billion and an enterprise value of $15.05 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 81.95% and return on assets of 10.70% are outperforming 81% of companies in the Global Software - Infrastructure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.63 is below the industry median of 5.23.
The company's largest guru shareholder is Singer’s firm with 4.52% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.95%, Pioneer Investments with 0.17%, Joel Greenblatt (Trades, Portfolio) with 0.09% and Jeremy Grantham (Trades, Portfolio) with 0.04%.
The guru exited VMware Inc. (VMW, Financial). The trade had an impact of -0.37% on the portfolio.
The company, which supplies server and desktop virtualization software, has a market cap of $69.55 billion and an enterprise value of $60.26 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 15.75% and return on assets of 6.75% are outperforming 68% of companies in the Global Software - Infrastructure industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 3.19 is below the industry median of 5.23.
The largest guru shareholder is Simons’ firm with 1.23% of outstanding shares, followed by PRIMECAP Management with 0.32% and Steven Cohen (Trades, Portfolio) with 0.02%.
Disclosure: I do not own any stocks mentioned.
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