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Chase Coleman Exits Apple, Cuts MasterCard, Alphabet

- By Tiziano Frateschi

Chase Coleman (Trades, Portfolio) is the founder of Tiger Global Management. He manages a portfolio composed of 37 stocks with a total value of $8.031 billion. During the fourth quarter the guru sold shares in the following stocks.


The investor closed his stake in Apple Inc. (AAPL) with an impact of -5.87% on the portfolio.

The company designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content. First-quarter revenue was $78.4 billion compared to revenue of $75.9 billion in the same quarter of a year before and quarterly earnings per diluted share was $3.36 compared to earnings per diluted share of $3.28 in the year-ago quarter.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 35.00% and return on assets (ROA) of 14.52% are outperforming 95% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10. The cash to debt of 0.69 is below the industry median of 1.43.

The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 1.09% of outstanding shares followed by Ken Fisher (Trades, Portfolio) with 0.22%, Spiros Segalas (Trades, Portfolio) with 0.21%, Pioneer Investments (Trades, Portfolio) with 0.18%, David Einhorn (Trades, Portfolio) with 0.11% and Jeremy Grantham (Trades, Portfolio) with 0.1%.

The guru reduced his shares in Charter Communications Inc. Class A (CHTR) by 29.88% with an impact of -3.86% on the portfolio.

The company is a cable operator providing services in the U.S. It offers cable video programming, internet services and voice services as well as video services such as video on demand, HD television and DVR service. Fourth quarter total customer relationships increased 287,000, compared to 394,000 on a pro forma basis during the fourth quarter of a year before, and revenue grew 7.2% year over year. The company reported an increase of 12.7% for adjusted EBITDA.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 14.63% and ROA of 3.34% are outperforming 58% of the companies in the Global Pay TV industry. Financial strength has a rating of 4 out of 10. The cash to debt of 0.03 is below the industry median of 0.42.

Dodge & Cox is the largest shareholder among the gurus with 3.85% of outstanding shares followed by Buffett with 3.51%, Steve Mandel ( Trades , Portfolio ) with 1.75%, Coleman with 0.87%, John Griffin ( Trades , Portfolio ) with 0.56%, Daniel Loeb ( Trades , Portfolio ) with 0.32% and Larry Robbins ( Trades , Portfolio ) with 0.29%.

The guru reduced his position in MasterCard Inc. Class A (MA) by 44.69% with an impact of 1.25% on the portfolio.

It is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks. During the fourth quarter net income grew 5% and earnings per diluted share, EPS, increased 9% versus the year-ago period.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 69.46% and ROA of 24.04% are outperforming 96% of the companies in the Global Credit Services industry. Financial strength has a rating of 7 out of 10. The cash to debt of 1.61 is below the industry median of 3.69.

The largest shareholder among the gurus is Tom Russo (Trades, Portfolio) with 0.89% of outstanding shares followed by Segalas with 0.81%, Simons with 0.52%, Buffett with 0.46%, Ruane Cunniff (Trades, Portfolio) with 0.46%, Chuck Akre (Trades, Portfolio) with 0.44%, Andreas Halvorsen (Trades, Portfolio) with 0.4% and Bill Nygren (Trades, Portfolio) with 0.38%.

The guru reduced his holding in Alphabet Inc. Class C (GOOG) by 32.89% with an impact of -1.05% on the portfolio.

The company through its subsidiary Google Inc. is engaged in improving the ways people connect with information and products including Search, Android, YouTube, Apps, Maps and Ads. It also produces internet-connected home devices and provides internet services. Fourth quarter revenue grew 22% year on year and 24% on a constant currency basis, and GAAP operating margin increased 25%. The company reported 33% increase for non-GAAP operating margin.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 15.10% and ROA of 12.50% are outperforming 72% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 9 out of 10. The cash to debt of 21.94 is above the industry median of 4.48.

Dodge & Cox is the largest shareholder among the gurus with 0.45% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.35%, Chris Davis (Trades, Portfolio) with 0.19%, Halvorsen with 0.16%, Mason Hawkins (Trades, Portfolio) with 0.14% and Frank Sands (Trades, Portfolio) with 0.12%.

The guru reduced his shares in Vipshop Holdings Ltd. ADR A (VIPS) by 31.26% with an impact of -0.48% on the portfolio.

The company through its subsidiaries operates an online platform that offers products to consumers in the People's Republic of China through flash sales on its vipshop.com and vip.com websites. Total net revenue grew 36.5% in the fourth quarter, and total orders grew 33.4%. The company reported an increase of 33.4% for gross profit and 51.7% for net income.

GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 43.84% and ROA of 9.57% are outperforming 84% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash to debt of 1.09 is above the industry median of 0.84.

Another notable shareholder among the gurus is Davis with 0.57% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.35%, Matthews China Fund (Trades, Portfolio) with 0.16%, Hawkins with 0.13%, Fisher with 0.04% and Columbia Wanger (Trades, Portfolio) with 0.01%.

The investor reduced his stake Alibaba Group Holding Ltd. ADR (BABA) by 1.67% with an impact of -0.14% on the portfolio.

It is an online and mobile commerce company and through its subsidiaries provides retail and wholesale marketplaces available through personal computer and mobile interfaces. Fourth quarter revenue increased 45% year over year, and the company generated $4.9 billion in free cash flow on a non-GAAP basis.

GuruFocus gives the stock a profitability and growth rating of 8 out of 10. Its ROE of 16.18% and its ROA of 9.06% are outperforming 80% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10. The cash to debt of 1.56 is above the industry median of 0.84.

The largest shareholder among the gurus is Sands with 0.71% of outstanding shares followed by PRIMECAP Management with 0.62%, Mandel with 0.3%, Segalas with 0.21%, Coleman with 0.21%, Fisher with 0.13%, Sarah Ketterer (Trades, Portfolio) with 0.07% and Manning & Napier Advisors Inc. with 0.06%.

The guru reduced his shares in Comcast Corp. Class A (CMCSA) by 1.33% with an impact of -0.03% on the portfolio.

It is a media and technology company, and its business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

GuruFocus gives the stock a profitability and growth rating of 9 out of 10. The ROE of 16.38% and ROA of 5.01% are outperforming 68% of the companies in the Global Pay TV industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.08 that is far below the industry median of 0.42.

The largest shareholder among the gurus is Dodge & Cox with 1.62% of outstanding shares followed by First Eagle Investment (Trades, Portfolio) with 0.94%, Fisher with 0.53%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.16%, Diamond Hill Capital (Trades, Portfolio) with 0.16%, Russo with 0.15% and Nygren with 0.12%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

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This article first appeared on GuruFocus.