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’ve also uncovered a number of stocks that superinvestors have sold, or reduced in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling‘. This week we’ll take a look at:
Cisco Systems, Inc. (NASDAQ: CSCO)
Cisco Systems, Inc. is the world’s largest hardware and software supplier within the networking solutions sector. The infrastructure platforms group includes hardware and software products for switching, routing, data center, and wireless applications. Its applications portfolio contains collaboration, analytics, and Internet of Things products. The security segment contains Cisco’s firewall and software-defined security products. Services are Cisco’s technical support and advanced services offerings. The company’s wide array of hardware is complemented with solutions for software-defined networking, analytics, and intent-based networking. In collaboration with Cisco’s initiative on growing software and services, its revenue model is focused on increasing subscriptions and recurring sales.
A quick look at the price chart below for Cisco Systems shows us that the stock is down 23% in the past twelve months.
(Source: Morningstar)
Superinvestors who sold, or reduced Cisco Systems stock in their portfolios include:
(Superinvestor – remaining shares)
Ken Fisher – 20,441,192 shares
Cliff Asness – 7,408,000 shares
Tweedy Browne – 5,425,411 shares
Donald Yacktman – 3,065,488 shares
Ken Griffin – 573,886 shares
Rich Pzena – 573,181 shares
Jim O’Shaughnessy – 502,165 shares
Joel Greenblatt – 491,824 shares
Mario Gabelli – 59,101 shares
Murray Stahl – 55,334 shares
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