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Ruane Cunniff Cuts Alphabet, Fiat

Ruane, Cunniff & Goldfarb LP sold shares of the following stocks in the second quarter.

The firm trimmed its Alphabet Inc. (GOOGL) position by 66.06%. The portfolio was impacted by -6.51%.

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The internet media giant has a market cap of $822.69 billion and an enterprise value of $714.79 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 19.63% and return on assets of 14.87% are outperforming 69% of companies in the Online Media industry. Its financial strength is rated 8.6 out of 10. The cash-debt ratio of 9.20 is above the industry median of 3.91.

The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.30% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.21% and the Sands Capital Management's Frank Sands (Trades, Portfolio) with 0.16%.

The guru curbed its Fiat Chrysler Automobiles NV (FCAU) stake by 99.86%. The portfolio was impacted by -4.24%.

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The passenger vehicles producer has a market cap of $25.14 billion and enterprise value of $24.12 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 28.65% and return on assets of 7.13% are outperforming 70% of companies in the Autos industry. Its financial strength is rated 5.4 out of 10. The cash-debt ratio of 1.07 is above the industry median of 0.49.

Chase Coleman (Trades, Portfolio)'s Tiger Global Management is the company's largest guru shareholder with 7.75% of outstanding shares, followed by Bill Nygren (Trades, Portfolio)'s Oakmark Fund with 2.32%, Pioneer Investments (Trades, Portfolio) with 1.10% and Mohnish Pabrai (Trades, Portfolio)'s Dalal Street with 1.06%.

The Altaba Inc. (AABA) holding was reduced by 99.62%, impacting the portfolio by -3.03%.

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The closed-end management company has a market cap of $36.14 billion and enterprise value of $39.14 billion

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of -16.89% and return on assets of -12.67% are underperforming 100% of companies in the Asset Management industry. Its financial strength is rated 4.8 out of 10. The cash-debt ratio of 0.74 is above the industry median of 0.71.

The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 0.76% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 0.56% and Steven Romick (Trades, Portfolio)'s FPA Crescent Fund with 0.50%.

The firm trimmed its JD.com Inc. (JD) stake by 99.84%. The trade had an impact of -2.53% on the portfolio.

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The e-commerce company has a market cap of $42.97 billion and an enterprise value of $37.42 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.77% and return on assets of 2.83% are underperforming 68% of companies in the Retail - Apparel and Specialty industry. Its financial strength is rated 5.7 out of 10. The cash-debt ratio of 3.41 is above the industry median of 0.56.

Coleman is the company's largest guru shareholder with 3.64% of outstanding shares, followed by Andreas Halvorsen (Trades, Portfolio)'s Viking Global Investors with 2.19% and Dodge & Cox with 1.74%.

The guru exited its Alibaba Group Holding Ltd. (BABA) position. The portfolio was impacted by -2.22%.

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The online and mobile commerce company has a market cap of $456.25 billion and an enterprise value of $462.45 billion.


GuruFocus gives the company a profitability and growth rating of 6 out of 10. The return on equity of 21.67% and return on assets of 11.01% are outperforming 79% of companies in the Retail - Apparel and Specialty industry. Its financial strength is rated 6.8 out of 10. The cash-debt ratio of 1.58 is above the industry median of 0.56.

The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.58% of outstanding shares, followed by Sands' firm with 0.55% and Fisher with 0.44%.

The firm curbed its Amazon.com Inc. (AMZN) holding by 32.74%. The portfolio was impacted by -1.92%.

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The online retailer has a market cap of $904.16 billion and an enterprise value of $921.16 billion.


GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 27.60% and return on assets of 7.47% are outperforming 67% of companies in the Retail - Apparel and Specialty industry. Its financial strength is rated 6.2 out of 10. The cash-debt ratio of 0.71 is above the industry median of 0.56

Fisher is the company's largest guru shareholder with 0.35% of outstanding shares, followed by Sands with 0.26% and Spiros Segalas (Trades, Portfolio) with 0.19%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.