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Maverick Capital Trims Fleetcor, Alibaba

GuruFocus.com
·5 mins read

- By Tiziano Frateschi

Lee Ainslie (Trades, Portfolio)'s Maverick Capital Ltd. manages a $4.76 billion equity portfolio composed of 563 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter.


Fleetcor

The fund trimmed its position in Fleetcor Technologies Inc. (FLT) by 82.08%. The trade had an impact of -4.01% on the portfolio.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The provider of payment products has a market cap of $20.06 billion and an enterprise value of $23.74 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 22.27% and return on assets of 6.6% are outperforming 71% of companies in the software industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.17 is below the industry median of 2.14.

The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio)'s Tiger Global Management with 1.54% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio)' Harbor Capital with 1.04% and Ron Baron (Trades, Portfolio) with 0.29%.

Restaurant Brands

The fund's Restaurant Brands International Inc. (QSR) position was closed. The portfolio was impacted by -3.9%.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The restaurants chain has a market cap of $16.34 billion and an enterprise value of $30.64 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 27.57% and return on assets of 2.78% are outperforming 73% of companies in the restaurants industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.11 is below the industry median of 0.36.

The largest guru shareholder of the company is Bill Ackman (Trades, Portfolio)'s Pershing Square with 8.29% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.46% and First Eagle Investment (Trades, Portfolio) with 0.15%.

CommScope

The fund exited its position in CommScope Holding Co. Inc. (COMM). The portfolio was impacted by -3.72%.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The provider of infrastructure services has a market cap of $2.04 billion and an enterprise value of $12.29 billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -60.16% and return on assets of -7.3% are underperforming 94% of companies in the hardware industry. Its financial strength is rated 2 out of 10. The cash-debt ratio of 0.08 is below the industry median of 1.36.


The largest guru shareholder is HOTCHKIS & WILEY with 0.90% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.34%.


DuPont

The fund cut its DuPont de Nemours Inc. (DD) holding by 48.3%, impacting the portfolio by -3.54%.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The chemical company has a market cap of $40.46 billion and an enterprise value of $56.47 billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of -6.34% and return on assets of -3.69% are underperforming 86% of companies in the chemicals industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.2 is below the industry median of 0.67.

The largest guru shareholder is Barrow, Hanley, Mewhinney & Strauss with 0.92% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.82% and Maverick Capital with 0.72%.


Alibaba

The investment fund trimmed its holding of Alibaba Group Holding Ltd. (BABA) by 43.42%. The portfolio was impacted by -2.67%.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The online and mobile commerce company has a market cap of $718 billion and an enterprise value of $697 billion.


GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 25.43% and return on assets of 14.11% are outperforming 92% of companies in the retail, cyclical industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 3.08 is above the industry median of 0.46.


The largest guru shareholder is Ken Fisher (Trades, Portfolio) with 0.50% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.49%.

Crown Holdings

The investment fund trimmed its Crown Holdings Inc. (CCK) position by 34.5%. The trade had an impact of -1.47% on the portfolio.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The producer of metal packaging has a market cap of $10.10 billion and an enterprise value of $18.55 billion.

The return on equity of 29.86% and return on assets of 3.13% are outperforming 51% of companies in the packaging and containers industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.31.

The largest guru shareholder of the company is Maverick Capital with 1.69% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.28%.

StoneCo

The investment fund reduced its position in StoneCo Ltd. (STNE). The portfolio was impacted by -0.02%.

Maverick Capital Trims Fleetcor, Alibaba
Maverick Capital Trims Fleetcor, Alibaba

The provider of financial technology solutions has a market cap of $15.39 billion and an enterprise value of $15.18 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 12.42% and return on assets of 4.04% are outperforming 60% of companies in the software industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 1.47 is below the industry median of 2.14.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 5.11% of outstanding shares, followed by Baron with 0.7% and Simons' firm with 0.32%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.