Ken Heebner (Trades, Portfolio) sold shares of the following stocks during the third quarter.
Itau Unibanco Holding SA
During the quarter, the guru trimmed his Itau Unibanco Holding SA (ITUB) stake by 41.62%. The portfolio was impacted by -3.77%.
The Brazilian bank has a market cap of $84.58 billion and an enterprise value of $102.55 billion.
GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 16.74% and return on assets of 1.61% are outperforming 83% of companies in the Banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.56 is below the industry median of 1.16.
The largest guru shareholder of the company is Ken Fisher (Trades, Portfolio) with 0.55% of outstanding shares, followed by Howard Marks (Trades, Portfolio) with 0.12% and Dodge & Cox (Trades, Portfolio) with 0.09%.
NVR Inc.
Heebner almost closed its NVR Inc. (NVR) holding, reducing the position by 93.24%. The portfolio was impacted by -3.26%.
The American homebuilder has a market cap of $12.65 billion and an enterprise value of $12.24 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 43.24% and return on assets of 25.04% are outperforming 97% of companies in the Homebuilding and Construction industry. Its financial strength is rated 8 out of 10 with a cash-debt ratio of 1.6.
The largest guru shareholder of the company is Diamond Hill Capital (Trades, Portfolio) with 2.60% of outstanding shares, followed by Jim Simons (Trades, Portfolio)’ Renaissance Technologies with 0.88% and Smead Value Fund (Trades, Portfolio) with 0.69%.
Oracle Corp
The Oracle Corp. (ORCL) position was closed, impacting the portfolio by -3.0%.
The IT solutions provider has a market cap of $185.43 billion and an enterprise value of $204.75 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 41.32% and return on assets of 9.59% are outperforming 80% of companies in the Software industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.66 is below the industry median of 2.36.
The largest guru shareholder of the company is First Eagle Investment (Trades, Portfolio) with 0.96% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.77%, Fisher with 0.49% and HOTCHKIS & WILEY with 0.31%.
Turquoise Hill Resources Ltd.
The guru closed his Turquoise Hill Resources Ltd. (TRQ) position. The trade had an impact of -2.61% on the portfolio.
The mining company has a market cap and an enterprise value of $943 million.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -3.31% and return on assets of -2.31% are outperforming 71% of companies in the Metals and Mining industry. Its financial strength is rated 5.6 out of 10.
The largest guru shareholder of the company is Louis Moore Bacon (Trades, Portfolio) with 0.05% of outstanding shares, followed by Paul Tudor Jones (Trades, Portfolio) with 0.01% and Ray Dalio (Trades, Portfolio)’s Bridgewater Associates with 0.01%.
Petroleo Brasileiro SA Petrobras
Heebner trimmed the holding of Petroleo Brasileiro SA Petrobras (PBR) by 26.21%. The portfolio was impacted by -2.49%.
The Brazilian integrated energy company has a market cap of $103.18 billion and an enterprise value of $180.31 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 7.11% and return on assets of 2.28% are outperforming 87% of companies in the Oil and Gas industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.16 is below the industry median of 0.38.
The largest guru shareholders of the company is Simons’ firm with 0.62% of outstanding shares, followed by Fisher with 0.60% and Ron Baron (Trades, Portfolio) with 0.11%.
Retail Opportunity Investments Corp
The Retail Opportunity Investments Corp. (ROIC) stake was closed. The portfolio was impacted by -2.48%.
The self-managed real estate investment trust has a market cap of $2.10 billion and an enterprise value of $3.63 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 4.13% and return on assets of 1.65% are underperforming 71% of companies in the REITs industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.06.
Simons’ firm is the largest guru shareholder of the company with 0.90% of outstanding shares, followed by Chris Davis (Trades, Portfolio) with 0.31%, Pioneer Investments (Trades, Portfolio) with 0.05% and Mario Gabelli (Trades, Portfolio)’s GAMCO Investors with 0.03%.
Regency Centers Corp
The Regency Centers Corp. (REG) holding was exited. The portfolio was impacted by -2.46%.
The retail real estate investment trust has a market cap of $10.83 billion and an enterprise value of $14.98 billion.
GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 4.37% and return on assets of 2.52% are underperforming 66% of companies in the REITs industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.01 is below the industry median of 0.06.
The largest guru shareholder of the company is Simons’ firm with 1.20% of outstanding shares, followed by Pioneer Investments with 0.24% and Davis with 0.19%.
Disclosure: I do not own any stocks mentioned.
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