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Parnassus Endeavor Fund Exits Biogen, Trims Regeneron

The Parnassus Endeavor Fund (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.

Biogen


The fund exited its Biogen Inc. (NASDAQ:BIIB) position. The portfolio was impacted by -3.79%.

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The biopharmaceutical company has a market cap of $50.88 billion and an enterprise value of $52.80 billion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 39.92% and return on assets of 20.59% are outperforming 95% of companies in the drug manufacturers industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.7 is below the industry median of 0.93.

The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 7.23% of outstanding shares, followed by Jim Simons (Trades, Portfolio)' Renaissance Technologies with 2.14% and the Vanguard Health Care Fund (Trades, Portfolio) with 1.38%.

Regeneron Pharmaceuticals

Parnassus reduced its Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) position by 76.8%. The portfolio was impacted by -3.77%.

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The company, which provides products that fight eye disease, cardiovascular disease, cancer and inflammation, has a market cap of $37.78 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 23.14% and return on assets of 17.15% are outperforming 95% of companies in the biotechnology industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 4.04 is below the industry median of 8.91.

The largest guru shareholder of the company is the Vanguard Health Care Fund with 1.57% of outstanding shares, followed by Bill Nygren (Trades, Portfolio) with 1.21%, Frank Sands (Trades, Portfolio) with 0.81% and Steven Cohen (Trades, Portfolio) with 0.40%.

Nvidia

The Endeavor Fund reduced the Nvidia Corp. (NASDAQ:NVDA) stake by 63.64%, impacting the portfolio by -3.45%.

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The company, which designs and manufactures graphics chips, has a market cap of $151.76 billion and an enterprise value of $144.54 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 24.08% and return on assets of 16.85% are outperforming 95% of companies in the semiconductors industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 3.83 is above the industry median of 1.31.

The largest guru shareholder of the company is PRIMECAP Management with 0.59% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio) with 0.59% and Ken Fisher (Trades, Portfolio) with 0.17%.

Alliance Data Systems

The fund trimmed its Alliance Data Systems Corp. (NYSE:ADS) position by 86.16%. The trade had an impact of -3.39% on the portfolio.

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The company has a market cap of $5.04 billion and an enterprise value of $10.48 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. While the return on equity of 21.64% is outperforming the sector, the return on assets of 1.58% is underperforming 54% of companies in the credit services industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.45.

The company's largest guru shareholders include Jeff Ubben (Trades, Portfolio) with 6.94% of outstanding shares, Ray Dalio (Trades, Portfolio) with 1.06% and Jerome Dodson (Trades, Portfolio) with 0.52%.

IPG Photonics

Parnassus trimmed its IPG Photonics Corp. (NASDAQ:IPGP) position by 88.71%. The portfolio was impacted by -2.11%.

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The company, which manufactures high-performance fiber lasers, fiber amplifiers and diode lasers, has a market cap of $7.25 billion and an enterprise value of $6.22 billion.

GuruFocus gives the company a profitability and growth rating of 10 out of 10. The return on equity of 11.39% and return on assets of 9.83% are outperforming 70% of companies in the semiconductors industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 25.31 is far above the industry median of 1.31.

The largest guru shareholder of the company is First Eagle Investment (Trades, Portfolio) with 3.10% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 0.39%.

Autodesk

The fund curbed its position in Autodesk Inc. (NASDAQ:ADSK) by 90%. The portfolio was impacted by -1.88%.

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The computer-aided design software company has a market cap of $44.01 billion and an enterprise value of $45.03 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on assets of 3.17% is outperforming 55% of companies in the software industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.50 is below the industry median of 2.19.

The largest guru shareholder of the company is Steve Mandel (Trades, Portfolio) with 2.05% of outstanding shares, followed by Fisher with 0.16% and Pioneer Investments (Trades, Portfolio) with 0.08%.

Arista Networks

The fund trimmed its position in Arista Networks Inc. (NYSE:ANET) by 86.42%. The portfolio was impacted by -1.62%.

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The computer networking company has a market cap of $18.09 billion and an enterprise value of $15.73 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 32.95% and return on assets of 23.64% are outperforming 96% of companies in the hardware industry. Its financial strength is rated 9 out of 10 with a cash-debt ratio of 28.1.

Pioneer Investments is the largest guru shareholder of the company with 0.59% of outstanding shares, followed by Simons' firm with 0.43% and the Parnassus Endeavor Fund with 0.05%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.