One Stock Superinvestors Are Buying Or Holding (11)

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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, or holding it. This week we’ll take a look at:

Bank of America Corp (NYSE: BAC)

Bank of America is one of the largest financial institutions in the United States, with more than $2.3 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.

A quick look at the price chart below for Bank of America shows us that the stock is down 26% in the past twelve months.

(Source: Morningstar)

Superinvestors who currently hold positions in Bank of America include:

Warren Buffett – 925,008,600 shares

Rich Pzena – 13,242,708 shares

Charles De Vaulx – 5,131,142 shares

Charles Brandes – 2,821,233 shares

Chris Davis – 2,497,058 shares

Charles Munger – 2,300,000 shares

Ray Dalio – 1,877,448 shares

Bill Miller – 1,796,954 shares

Cliff Asness – 1,715,437 shares

Mario Gabelli – 975,224 shares

Francois Rochon – 964,147 shares

Guy Spier – 767,845 shares

Stanley Druckenmiller – 759,700 shares

George Soros – 643,968 shares

Joe Huber – 520,964 shares

Joel Greenblatt – 276,514 shares

Ken Fisher – 242,324 shares

Louis Bacon – 120,000 shares

Ken Griffin – 92,232 shares

Murray Stahl – 55,625 shares

Tom Russo – 48,975 shares

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