Washington-based investment firm Fisher Asset Management LLC was founded by Ken Fisher (Trades, Portfolio), executive chairman and co-chief investment officer. During the second quarter, he sold shares of the following stocks.
PT Bank Central Asia Tbk (PBCRY, Financial)
In the first quarter, the guru boosted his position 120.16% and increased it 14.40% in the second quarter.
With a market cap of $37.7 billion, the Indonesian bank provides loans, accepts deposits and credit facilities. Its revenue of $4.07 billion has increased 14.20% over the past five years.
Sands China Ltd. (SCHYY, Financial)
The investor increased his holding by 39.36% in first quarter and then raised it by 2.95% in the second quarter.
The company, which operates resorts and casinos in Macau, has a market cap of $42.23 billion. Its revenue of $7.71 billion has not changed over the last five years.
Kimberly-Clark Corp. (KMB, Financial)
Fisher boosted his position by 542.79% in the first quarter and added 0.55% in the second quarter.
With a market cap of $36.73 billion, the company manufactures and markets consumer products. Its revenue of $18.50 billion has increased 0.50% over the past five years.
The T Rowe Price Equity Income Fund (Trades, Portfolio) is the largest guru shareholder of the company with 0.68% of outstanding shares, followed by Diamond Hill Capital (Trades, Portfolio) with 0.58%, Pioneer Investments (Trades, Portfolio) with 0.22% and Ray Dalio (Trades, Portfolio) with 0.09%.
TechnipFMC PLC (FTI, Financial)
In the first quarter, Fisher expanded the holding 318.71% and then increased it 75.53% in the second quarter.
The company provides onshore and offshore services to the oil and gas industry. It has a market cap of $13.9 billion. Its revenue of $14.79 billion has declined 12.10% over the past five years.
The company's largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 32.52% of outstanding shares, followed by Pioneer Investments with 12.59% and Richard Pzena (Trades, Portfolio) with 1.93%.
Caterpillar Inc. (CAT, Financial)
The guru added 26.84% to the holding in the first quarter, and then added another 11.14% in the second quarter.
With a market cap of $84.29 billion, the company manufactures specialized heavy construction and mining equipment. Its revenue of $48.49 billion has declined 6% over the last five years.
Bill Gates (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.88% of outstanding shares, followed by PRIMECAP Management (Trades, Portfolio) with 1.59% and Spiros Segalas (Trades, Portfolio) with 0.52%.
Applied Materials Inc. (AMAT, Financial)
The guru increased his stake by 28.45% in the first quarter and then boosted it 23.51% in the second quarter.
With a market cap of $46.89 billion, the company supplies semiconductor manufacturing equipment. Its revenue of $16.48 billion has grown 4.70% over the past five years.
With 0.42% of outstanding shares, PRIMECAP Management is the company's largest guru shareholder, followed by the T Rowe Price Equity Income Fund with 0.28%, David Tepper (Trades, Portfolio) with 0.16% and David Carlson (Trades, Portfolio) with 0.15%.
Public Service Enterprise Group Inc. (PEG, Financial)
In the first quarter, the guru increased the holding 13.61% and then added another 0.42% in the second quarter.
The utility company has a market cap of $25.96 billion. Its revenue of $9.31 billion has declined 2% over the past five years.
Pioneer Investments is the company's largest guru shareholder with 0.4% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 0.17%.
Lowe's Companies Inc. (LOW, Financial)
The guru beefed up the position by 12.24% in the first quarter and then added 5.33% in the second quarter.
The home improvement retailer has a market cap of $79.13 billion. Its revenue of $69.11 billion has grown 13.30% over the past five years.
The company's largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.47% of outstanding shares, followed by Pioneer Investments with 0.42% and Larry Robbins (Trades, Portfolio) with 0.24%.
Disclosure: I do not own any stocks mentioned in this article.
