Lee Ainslie Trims Microsoft Position, Exits Anthem

Guru's largest sales of the 2nd quarter Continue reading... Read More...

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Lee Ainslie (Trades, Portfolio), head of hedge fund Maverick Capital, sold shares of the following stocks in the second quarter.” data-reactid=”11″>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. (NASDAQ:MSFT) 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.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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%.” data-reactid=”28″>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. (NYSE:ANTM) position. The portfolio was impacted by -2.81%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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.” data-reactid=”41″>The health insurance provider has a market cap of $69.56 billion and an enterprise value of $64.15 billion.

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. (NASDAQ:FISV) holding by 60.1%. The portfolio was impacted by -2.30%.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="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.” data-reactid=”55″>The company, which supplies financial services technology, has a market cap of $72.96 billion and an enterprise value of $78.35 billion.

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. (NASDAQ:SSNC), 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. (NYSE:USFD) 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. (NYSE:EXP) 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.