Sands Capital Trims Alibaba, Facebook, Visa
Frank Sands (Trades, Portfolio)' Sands Capital Management manages a $41.32 billion equity portfolio composed of 77 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter of 2020.
Alibaba
The fund trimmed its position in Alibaba Group Holding Ltd. (BABA) by 20.58%. The trade had an impact of -1.17% on the portfolio.
The Chinese online and mobile commerce company has a market cap of $690.20 billion and an enterprise value of $675.85 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 23.68% and return on assets of 12.78% are outperforming 91% of companies in the retail, cyclical industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 2.47 is above the industry median of 0.46.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.51% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.50%.
Salesforce.com
The fund reduced its Salesforce.com Inc. (CRM) holding by 93.4%. The portfolio was impacted by -1.15%.
The enterprise cloud computing solutions provider has a market cap of $173.55 billion and an enterprise value of $169.59 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of -0.62% and return on assets of -0.37% are underperforming 58% of companies in the software industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 1.68 is above the industry median of 2.2.
The largest guru shareholder of the company is Fisher with 1.28% of outstanding shares, followed by Spiros Segalas (Trades, Portfolio)' Harbor Capital with 0.80% and Pioneer Investments (Trades, Portfolio) with 0.32%.
Activision
The fund curbed its position in Activision Blizzard Inc. (ATVI) by 96.96%. The portfolio was impacted by -0.94%.
The video game publisher has a market cap of $63.07 billion and an enterprise value of $59.41 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 14.23% and return on assets of 9.55% are outperforming 75% of companies in the interactive media industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 2.37 is below the industry median of 4.38.
The largest guru shareholders is PRIMECAP Management (Trades, Portfolio) with 0.95% of outstanding shares, followed by Stanley Druckenmiller (Trades, Portfolio) with 0.20% and George Soros (Trades, Portfolio) with 0.14%.
Visa
The fund reduced its Visa Inc. (V) holding by 6.3%, impacting the portfolio by -0.47%.
The payment processor has a market cap of $463.32 billion and an enterprise value of $445.86 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 33.57% and return on assets of 15.96% are outperforming 96% of companies in the credit services industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.8 is above the industry median of 0.29.
The largest guru shareholder of the company is Fisher with 0.99% of outstanding shares, followed by Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 0.50% and Chuck Akre (Trades, Portfolio) with 0.25%.
Shopify
The investment fund curbed its holding in Shopify Inc. (SHOP) by 25.03%. impacting the portfolio by -0.44%.
The company has a market cap of $118.42 billion and an enterprise value of $114.48 billion.
GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of -2.14% and return on assets of -1.9% are underperforming 63% of companies in the software industry. Its financial strength is rated 8 out of 10. The cash-debt ratio of 26.13 is far above the industry median of 2.2.
The largest guru shareholder is Steve Mandel (Trades, Portfolio)'s Lone Pine Capital with 1.40% of outstanding shares, followed by Segalas' firm with 0.67% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.06%.
Adobe
The investment fund reduced its Adobe Inc. (ADBE) position by 25.03%. The portfolio was impacted by -0.41%.
The company has a market cap of $213.62 billion and an enterprise value of $213.97 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 35.54% and return on assets of 17.91% are outperforming 94% of companies in the software industry. Its financial strength is rated 7 out of 10. The cash-debt ratio of 0.93 is below the industry median of 2.2.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 2.59% of outstanding shares, followed by Fisher with 1.11%.
Alphabet
The investment fund curbed its holding in Alphabet Inc. (GOOGL) by 10.53%.The portfolio was impacted by -0.38%.
The company has a market cap of $1 trillion and an enterprise value of $920 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 15.77% and return on assets of 11.7% are outperforming 77% of companies in the interactive media industry. Its financial strength is rated 9 out of 10. The cash-debt ratio of 7.5 is above the industry median of 4.37.
The largest guru shareholder of the company is PRIMECAP Management (Trades, Portfolio) with 0.25% of outstanding shares, followed by Fisher with 0.23% and Frank Sands (Trades, Portfolio) with 0.14%.
The investment fund trimmed its holding in Facebook Inc. (FB) by 12.91%. The trade had an impact of -0.38% on the portfolio.
The social media company has a market cap of $744 billion and an enterprise value of $696 billion.
GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 23.54% and return on assets of 18.01% are outperforming 88% of companies in the interactive media industry. Its financial strength is rated 8 out of 10 with a cash-debt ratio of 5.53.
The largest guru shareholder of the company is Chase Coleman (Trades, Portfolio)'s Tiger Global Management with 0.31% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.21% and Segalas with 0.17%.
Disclosure: I do not own any stocks mentioned.
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This article first appeared on GuruFocus.
