Part of the weekly research 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 Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
Rio Tinto plc ADR Common Stock (NYSE: RIO)
Rio Tinto searches for and extracts a variety of minerals worldwide, with the heaviest concentrations in North America and Australia. Iron ore is the dominant commodity, with meaningful contributions from aluminium, copper, diamonds, energy products, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity. Shareholders in each company have equivalent economic and voting rights.
A quick look at the price chart below for Rio Tinto shows us that the stock is up 10% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.18 which means that it remains undervalued.
Superinvestors who currently hold positions in Rio Tinto include:
Ken Fisher – 10,096,351 total shares
Ken Griffin – 2,526,638 total shares
Jim Simons – 699,332 total shares
Steve Cohen – 105,670 total shares
Lee Ainslie – 96,010 total shares
Ray Dalio – 47,739 total shares
Murray Stahl – 3,775 total shares
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