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 shows us that the stock is down 8.39% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of JPMorgan stock in their portfolios include:
(Shares sold)
Warren Buffett – 21,241,160 shares
Israel Englander – 2,829,764 shares
Stanley Druckenmiller – 1,513,775 shares
Cliff Asness – 1,058,116 shares
Ken Griffin – 469,317 shares
Rich Pzena – 218,550 shares
Chris Davis – 205,285 shares
Ken Fisher – 135,393 shares
Mario Gabelli – 42,622 shares
Bill Miller – 2,773 shares
Jim Simons – Sold Out
Leon Cooperman – Sold Out
George Soros – Sold Out
Steve Romick – Sold Out
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