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.
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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