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Steven Romick Exits Mylan, Cuts Bank of America

Steven Romick (Trades, Portfolio) sold shares of the following holdings during the fourth quarter.

Mylan

The investor sold out of Mylan NV (MYL). The portfolio was impacted by -1.42%.


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The generic pharmaceutical manufacturer has a market cap of $11.18 billion and an enterprise value of $23.97 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 0.4% and return on assets of 0.15% are underperforming 55% of companies in the drug manufacturers industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.04 is below the industry median of 0.93.

The largest guru shareholder of the company is Vanguard Health Care Fund (Trades, Portfolio) with 8.85% of outstanding shares, followed by Richard Pzena (Trades, Portfolio)'s Pzena Investment Management with 3.76% and John Paulson (Trades, Portfolio) with 2.33%.

Bank of America

The guru trimmed his Bank of America Corp. (BAC) position by 36.21%. The portfolio was impacted by -1.28%.

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The American financial institution has a market cap of $306.70 billion and an enterprise value of $439.74 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. The return on equity of 9.72% and return on assets of 1.14% are outperforming 53% of companies in the banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.64 is below the industry median of 1.12.

The largest guru shareholder of the company is Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway with 10.31% of outstanding shares, followed by Dodge & Cox with 1.29%, PRIMECAP Management (Trades, Portfolio) with 0.42% and Bill Nygren (Trades, Portfolio)'s Oakmark Fund with 0.20%.

LPL Financial Holdings

Romick reduced the LPL Financial Holdings Inc. (LPLA) holding by 26.81%, impacting the portfolio by -0.58%.

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The company, which provides proprietary technology, brokerage and investment advisor services, has a market cap of $7.93 billion and an enterprise value of $9.09 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 55.26% and return on assets of 10.11% are outperforming 86% of companies in the capital markets industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.56 is below the industry median of 2.26.

The largest guru shareholder of the company is First Pacific Advisors (Trades, Portfolio) with 3.23% of outstanding shares, followed by Romick with 2.11%, George Soros (Trades, Portfolio) with 0.63% and Steven Cohen (Trades, Portfolio)'s Point72 Asset Management with 0.18%.

United Technologies

Romick trimmed his United Technologies Corp. (UTX) position by 16.71%. The trade had an impact of -0.58% on the portfolio.

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The company, which provides aerospace and building components and systems, has a market cap of $133.29 billion and an enterprise value of $175.01 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity of 13.26% and return on assets of 3.82% are outperforming 59% of companies in the aerospace and defense industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.16.

The company's largest guru shareholders include Dodge & Cox with 1.97% of outstanding shares, Barrow, Hanley, Mewhinney & Strauss with 0.98%, Chris Davis (Trades, Portfolio) with 0.91% and Daniel Loeb (Trades, Portfolio) with 0.70%.

Arconic

The guru trimmed his Arconic Inc. (ARNC) position by 10.45%. The portfolio was impacted by -0.56%.

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The company, which produces aluminum and specialty metals products, has a market cap of $12.69 billion and an enterprise value of $17.78 billion.

While the return on equity of 7.35% is outperforming the sector, return on assets of 2.09% is underperforming 60% of companies in the industrial products industry. The cash-debt ratio of 0.21 is below the industry median of 0.87.

The largest guru shareholder of the company is Paul Singer (Trades, Portfolio) with 9.60% of outstanding shares, followed by First Pacific Advisors (Trades, Portfolio) with 5.77% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.34%.

Baidu

The investor curbed his position in Baidu Inc. (BIDU) by 24.33%. The portfolio was impacted by -0.51%.

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The Chinese Internet search engine has a market cap of $48.27 billion and an enterprise value of $41.44 billion.

GuruFocus gives the company a profitability and growth rating of 9 out of 10. The return on equity of 10.18% and return on assets of 5.51% are underperforming 55% of companies in the Interactive Media industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 1.86 is below the industry median of 4.81.

The largest guru shareholder of the company is Dodge & Cox with 2.39% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 1.57% and David Herro (Trades, Portfolio) with 1.08%.

Mohawk Industries

The guru trimmed his position in Mohawk Industries Inc. (MHK) by 41.73%. The portfolio was impacted by -0.41%.

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The company, which provides a wide range of flooring products, has a market cap of $10.01 billion and an enterprise value of $13.00 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The return on equity of 9.29% and return on assets of 5.3% are underperforming 58% of companies in the furnishings, fixtures and appliances industry. Its financial strength is rated 6 out of 10 with a cash-debt ratio of 0.04.

Pzena is the largest guru shareholder of the company with 2.64% of outstanding shares, followed by Ruane Cunniff (Trades, Portfolio) with 1.96%.

Disclosure: I do not own any stocks mentioned.

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This article first appeared on GuruFocus.