Lee Ainslie (Trades, Portfolio), head of hedge fund Maverick Capital, sold shares of the following stocks in the second quarter.
The investor trimmed his Microsoft Corp. (MSFT, Financial) stake by 56.3%. The trade had an impact of -3.12% on the portfolio.
The software company has a market cap of $1.06 trillion and an enterprise value of $1 trillion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 42.84% and return on assets of 14.81% are outperforming 81% of companies in the Application Software industry. Its financial strength is rated 6.2 out of 10. The cash-debt ratio of 1.71 is below the industry median of 2.99.
PRIMECAP Management (Trades, Portfolio) is the company’s largest guru shareholder with 0.46% of outstanding shares, followed by Dodge & Cox with 0.41% and Ken Fisher (Trades, Portfolio) with 0.27%.
The guru exited his Anthem Inc. (ANTM, Financial) position. The portfolio was impacted by -2.81%.
The health insurance provider has a market cap of $69.56 billion and an enterprise value of $64.15 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -13.85% and return on assets of 5.50% are outperforming 57% of companies in the Health Care Plans industry. Its financial strength is rated 4.4 out of 10. The cash-debt ratio of 0.21 is below the industry median of 0.52.
The largest guru shareholder of the company is Andreas Halvorsen (Trades, Portfolio)’s Viking Global Investors with 2.03% of outstanding shares, followed by the Vanguard Health Care Fund (Trades, Portfolio) with 1.59% and First Eagle Investment (Trades, Portfolio) with 0.66%.
Ainslie curbed his Fiserv Inc. (FISV, Financial) holding by 60.1%. The portfolio was impacted by -2.30%.
The company, which supplies financial services technology, has a market cap of $72.96 billion and an enterprise value of $78.35 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of -37.70% and return on assets of 7.56% are outperforming 92% of companies in the Business Services industry. Its financial strength is rated 4.6 out of 10. The cash-debt ratio of 0.61 is below the industry median of 0.73.
Mairs and Power (Trades, Portfolio) is the company’s largest guru shareholder with 0.31% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.22% and Ainslie with 0.19%.
The guru sold out of SS&C Technologies Holdings Inc. (SSNC, Financial), impacting the portfolio by -1.92%.
The company, which supplies software and software-enabled services, has a market cap of $11.34 billion and an enterprise value of $19.39 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 7.03% and return on assets of 2.10% are underperforming 87% of companies in the Application Software industry. Its financial strength is rated 3.6 out of 10. The cash-debt ratio of 0.02 is below the industry median of 2.99.
The largest guru shareholder of the company is Ron Baron (Trades, Portfolio) with 2.50% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.55%, Simons’ firm with 0.12% and Fisher with 0.06%
Ainslie trimmed his US Foods Holding Corp. (USFD, Financial) position by 98.23%. The portfolio was impacted by -1.58%.
The company, which distributes fresh, frozen and dry food and non-food products, has a market cap of $8.71 billion and enterprise value of $11.96 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 12.43% is outperforming the sector, the return on assets of 4.33% is underperforming 51% of companies in the Retail - Defensive industry. Its financial strength is rated 5.3 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.4.
Steven Cohen (Trades, Portfolio)’s Point72 Asset Management is the company’s largest guru shareholder with 0.72% of outstanding shares, followed by Simons’ firm with 0.46% and Mario Cibelli (Trades, Portfolio) with 0.32%.
The Eagle Materials Inc. (EXP, Financial) holding was reduced by 77.08%, impacting the portfolio by -1.57%.
The company, which manufactures building materials, has a market cap of $3.37 billion and an enterprise value of $4.29 billion
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 3.35% and return on assets of 1.89% are outperforming 85% of companies in the Building Materials industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.02 is below the industry median of 0.38.
The largest guru shareholder of the company is Ainslie with 0.98% of outstanding shares, followed by Third Avenue Management (Trades, Portfolio) with 0.42% and Joel Greenblatt (Trades, Portfolio) ’s Gotham Asset Management with 0.41%.
Disclosure: I do not own any stocks mentioned.
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