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:
Facebook, Inc. Common Stock (NASDAQ: FB)
Facebook is the world’s largest online social network, with more than 2 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktop. Advertising revenue represents more than 90% of the firm’s total revenue, with 50% coming from the U.S. and Canada, and 25% from Europe. With gross margins above 80%, Facebook operates at a 40%-plus margin.
A quick look at the price chart below for Facebook shows us that the stock is up 12% in the past twelve months.
(Source: Morningstar)
Superinvestors who currently hold positions in Facebook include:
Terry Smith – 6,588,286 shares
Cliff Asness – 5,523,077 shares
Chris Davis – 4,324,023 shares
Stephen Mandel – 3,425,898 shares
Jim Simons – 3,159,939 shares
David Tepper – 2,825,000 shares
Sequoia – 2,273,800 shares
Steve Romick – 2,224,265 shares
Jean-Marie Eveillard – 2,179,569 shares
Ken Griffin – 1,290,255 shares
Jeremy Grantham – 1,233,873 shares
David Abrams – 1,019,712 shares
Pat Dorsey – 448,037 shares
Bill Miller – 373,710 shares
Ken Fisher – 310,230 shares
Mario Gabelli – 290,600 shares
Tom Gayner – 143,190 shares
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