Ken Fisher (Trades, Portfolio)’s Fisher Investments sold shares of the following stocks in the second quarter.
The guru trimmed 21.22% off his Total SA TOT stake. The trade had an impact of -0.25% on the portfolio.
The integrated oil and gas company has a market cap of $131 billion and an enterprise value of $165.51 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 9.29% and return on assets of 4.20% are underperforming 59% of companies in the Oil and Gas – Integrated industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.49 is above the industry median of 0.35.
The largest guru shareholder of the company is Fisher with 0.54% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.29% and Pioneer Investments (Trades, Portfolio) with 0.05%.
Fisher curbed his ING Groep NV ING holding by 22.25%. The portfolio was impacted by -0.15%.
The financial institution has a market cap of $41.55 billion and an enterprise value of $101.62 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. While the return on equity of 9.82% is outperforming the sector, the return on assets of 0.54% is underperforming 80% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.60 is below the industry median of 1.12.
The largest guru shareholder of the company is Fisher with 0.93% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 0.10%, Sarah Ketterer (Trades, Portfolio) with 0.03% and Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.01%.
The investor cut his Intesa Sanpaolo ISNPY position by 32.04%. The portfolio was impacted by -0.13%.
The Italian bank has a market cap of $38.20 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 7.20% is underperforming the sector, the return on assets of 2.48% is outperforming 91% of companies in the Banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.09 is below the industry median of 1.12.
The company's largest guru shareholder is Fisher with 0.56% of outstanding shares.
The guru reduced his Banco Bilbao Vizcaya Argentaria SA BBVA stake by 32.87%, impacting the portfolio by -0.11%.
The financial institution has a market cap of $33.17 billion and an enterprise value of $53.27 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 13.08% is outperforming the sector, the return on assets of 0.95% is underperforming 55% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.80 is below the industry median of 1.12.
The company's largest guru shareholder is Fisher with 0.48% of outstanding shares.
Fisher reduced his Banco Santander SA SAN position by 17.06%, impacting the portfolio by -0.10%.
The company which operates in the retail and commercial banking has a market cap of $68.73 billion.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of -7.39% and return on assets of 0.50% are underperforming 81% of companies in the Banks industry. Its financial strength is rated 6 out of 10 with no debt.
The BNP Paribas BNPQY holding was reduced by 16.03%, impacting the portfolio by -0.08%.
The company has a market cap of $58.17 billion and an enterprise value of $50.16 billion.
GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of 7.51% and return on assets of 0.36% are underperforming 86% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.06 is below the industry median of 1.12.
Fisher is the company’s largest guru shareholder with 0.64% of outstanding shares.
The investor reduced his Freeport-McMoRan Inc. FCX position by 14.33%. The portfolio was impacted by -0.07%.
The copper and gold miner has a market cap of $15.52 billion and an enterprise value of $30.92 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.26% is outperforming the sector, the return on assets of 2.51% is underperforming 76% of companies in the Metals and Mining industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 10.
The largest guru shareholder of the company is Carl Icahn (Trades, Portfolio) with 3.05% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.27%, Mario Gabelli (Trades, Portfolio) with 0.18%, Louis Moore Bacon (Trades, Portfolio) with 0.13% and Pioneer Investments with 0.06%.
Disclosure: I do not own any stocks mentioned.
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