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:
Walt Disney Co (NYSE: DIS)
Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.
A quick look at the price chart below for Disney shows us that the stock is up 17% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Disney stock in their portfolios include:
(Remaining Shares)
Nick Train – 5,884,790 shares
Dan Loeb – 5,300,000 shares
David Tepper – 880,000 shares
Mario Gabelli – 573,784 shares
Francois Rochon – 181,188 shares
Cliff Asness – 169,070 shares
Joel Greenblatt – 107,773 shares
Murray Stahl – 61,982 shares
Rob Olstein – 54,000 shares
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