As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus 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 common stocks that investing gurus have recently bought, or continuing to hold in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Buying Or Holding’. 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 58% in the past twelve months.
(Source: Morningstar)
Superinvestors who recently bought, or continue to hold Wells Fargo stock in their portfolios include:
Warren Buffett – 137,557,312 shares
Chris Davis – 28,566,052 shares
Rich Pzena – 18,439,768 shares
Jeremy Grantham – 8,545,319 shares
Cliff Asness – 6,574,637 shares
Jim Simons – 4,916,926 shares
Ken Griffin – 4,736,600 shares
Donald Yacktman – 4,573,103 shares
Charles Brandes – 2,386,231 shares
David Tepper – 1,900,000 shares
Tom Russo – 1,595,655 shares
George Soros – 762,819 shares
Rob Olstein – 292,000 shares
Joel Greenblatt – 262,725 shares
Paul Tudor Jones – 128,832 shares
Steve Cohen – 75,013 shares
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