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Bill Nygren Trims General Electric, Baxter International Positions

Bill Nygren (Trades, Portfolio), manager of the Oakmark Fund, sold shares of the following stocks in the second quarter.

The guru closed his Anadarko Petroleum Corp. (NYSE:APC) position when it was acquired by Occidental Petroleum (OXY). The portfolio was impacted by -1.69%.

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On its last trading day, the oil and gas producer had a market cap of $36.56 billion and an enterprise value of $55.51 billion.

The DXC Technology Co. (NYSE:DXC) holding was closed. The portfolio was impacted by -1.47%.

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The company, which provides IT services, has a market cap of $8.80 billion and enterprise value of $18.35 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 10.31% and return on assets of 3.90% are outperforming 74% of companies in the Application Software industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.17 is below the industry median of 2.82

Larry Robbins (Trades, Portfolio) is the company's largest guru shareholder with 4.18% of outstanding shares, followed by Lee Ainslie (Trades, Portfolio) with 2.77% and PRIMECAP Management (Trades, Portfolio) with 1.07%.

Nygren's National Oilwell Varco Inc. (NYSE:NOV) position was closed, impacting the portfolio by -0.92%.

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The company, which provides oil and gas drilling rig equipment, has a market cap of $7.22 billion and enterprise value of $9.47 billion

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of -42.73% and return on assets of -29.07% are underperforming 100% of companies in the Oil and Gas - Services industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.34 is above the industry median of 0.33.

The largest guru shareholder of the company is First Eagle Investment (Trades, Portfolio) with 6.46% of outstanding shares, followed by Richard Pzena (Trades, Portfolio) with 6.28% and Dodge & Cox with 5.79%.

The investor trimmed his News Corp. (NASDAQ:NWSA) stake by 59.98%. The trade had an impact of -0.70% on the portfolio.

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The media company has a market cap of $8.06 billion and an enterprise value of $9.04 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 1.67% and return on assets of 0.96% are underperforming 92% of companies in the Entertainment industry. Its financial strength is rated 6.4 out of 10. The cash-debt ratio of 1.13 is above the industry median of 0.56.

Hotchkis & Wiley is the company's largest guru shareholder with 2.54% of outstanding shares, followed by Dodge & Cox with 2.34% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 2.10%.

The guru reduced his Baxter International Inc. (NYSE:BAX) position by 52.51%. The portfolio was impacted by -0.59%.

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The medical products manufacturer has a market cap of $43.41 billion and an enterprise value of $65.16 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 19.17% and return on assets of 9.53% are outperforming 60% of companies in the Medical Instruments and Equipment industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.52 is below the industry median of 1.21.

The largest guru shareholder of the company is Daniel Loeb (Trades, Portfolio) with 4.50% of outstanding shares, followed by the Vanguard Health Care Fund (Trades, Portfolio) with 1.29% and Pioneer Investments (Trades, Portfolio) with 0.26%.

Nygren curbed his General Electric Co. (NYSE:GE) holding by 17.49%. The portfolio was impacted by -0.53%.

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The industrial conglomerate has a market cap of $69.55 billion and an enterprise value of $128.37billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -49.72% and return on assets of -5.75% are underperforming 100% of companies in the Industrial Products industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.65 is below the industry median of 0.84.

Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 1.29% of outstanding shares, followed by Hotchkis & Wiley with 1.06%, Pzena with 0.68% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.61%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.