As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
While doing this research we also uncovered a number of superinvestors that currently hold stocks that don’t appear in our screens at the moment. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Buying‘ which features one stock that appears in a number of superinvestor portfolos, and who’s buying it. This week we’ll take a look at:
Wells Fargo & Co (NYSE: WFC)
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management. The community banking segment serves consumers and small businesses with products including deposit accounts, credit and debit cards, and student, mortgage, and home equity loans. Wholesale banking includes corporate and commercial real estate lending, asset-based lending and trade financing, merchant services, and capital markets businesses. Wealth and investment management includes advisory, brokerage, retirement, and trust services. The bulk of Wells’ lending takes place in the U.S.
A quick look at the price chart below for Wells Fargo shows us that the stock is down 18% in the past twelve months.
(Source: Morningstar)
Superinvestors who currently hold positions in Wells Fargo include:
Warren Buffett – 323,212,918 shares
Chris Davis – 26,485,994 shares
Tom Russo – 12,639,980 shares
Rich Pzena – 9,917,574 shares
Cliff Asness – 7,948,698 shares
Steve Romick – 6,947,996 shares
Jeremy Grantham – 6,338,638 shares
Tweedy Brown – 2,553,906 shares
Donald Yacktman – 2,017,531 shares
Jim O’Shaughnessy – 1,957,203 shares
Charles Munger – 1,591,800 shares
Mario Gabelli – 1,526,500 shares
Ray Dalio – 883,420 shares
Leon Cooperman – 393,600 shares
Francis Chou – 339,542 shares
George Soros – 285,630 shares
Jim Simons – 184,758 shares
Tom Gayner – 175,000 shares
Robert Olstein – 152,000 shares
Guy Spier – 151,741 shares
Related articles: One Stock Superinvestors Are Buying (1)
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