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:
JPMorgan Chase & Co. (NYSE: JPM)
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments–consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
A quick look at the price chart below for JPMorgan Chase shows us that the stock is down 21% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of JPMorgan Chase stock in their portfolios include:
(Remaining shares held)
Warren Buffett – 22,208,427 shares
Tom Russo – 3,619,116 shares
Cliff Asness – 2,740,701 shares
Rich Pzena – 1,835,506 shares
Bill Miller – 397,705 shares
Wally Weitz – 262,000 shares
Joel Greenblatt – 52,630 shares
Charles Brandes – 47,580 shares
Kahn Brothers – 3,888 shares
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