One of the new weekly additions here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, and Howard Marks.
The top investor data is provided from the latest 13F’s over at WhaleWisdom (dated 2017-09-30/2017-12-31). This week we’ll take a look at pick #7 in our Large Cap Stock Screener:
Fiat Chrysler Automobiles NV (NYSE:FCAU)
A quick look at the price chart for Fiat Chrysler shows us that the stock is up 106% in the past twelve months. We currently have the stock trading at an Acquirer’s Multiple of 6.86 which means that it remains undervalued.
Top investors who currently hold positions in FCAU include:
Ruane Cunnif (Founded by Bill Ruane) – 25,061,340 total shares
Chase Coleman (Julian Robertson Tiger Cub) – 24,820,000 total shares
Bill Nygren – 23,160,000 total shares
Mohnish Pabrai – 13,109,310 total shares
Jeremy Grantham – 6,532,843 total shares
Jim Simons – 4,607,400 total shares
George Soros – 737,697 total shares
Joel Greenblatt – 51,146 total shares
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2 Comments on “Acquirer’s Multiple Stocks Featuring In Soros, Pabrai, Greenblatt Portfolios”
Hard to buy after such a big run up
I own FCAU, but I wouldn’t recommend it at this point. The auto business is highly cyclical and the cycle is toward it’s end. Specifically, auto stocks are highly inversely correlated to the price and availability of used cars. The off lease car volume has increased to the levels seen before the Great Recession, used car prices are cratering making them a cheaper option than new cars. New car sales are following suit. Just look at fiat’s sales numbers. In January Chrysler brand sales fell 21%, Dodge fell 31%, Ram trucks fell 16% and Fiat sales fell an amazing 43%. The only bright spot was Jeep that slightly increased 2%.