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:
Alibaba Group Holding Ltd – ADR (NYSE: BABA)
Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba’s China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include international retail/wholesale marketplaces (7%), cloud computing (7%), digital media and entertainment platforms (6%), Cainiao logistics services (4%), and innovation initiatives/other (1%). Mobile GMV accounted for roughly 85% of consolidated GMV in fiscal 2019.
A quick look at the price chart below for Alibaba shows us that the stock is up 11% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Alibaba stock in their portfolios include:
(Remaining shares)
Ken Fisher – 13,495,276 shares
Cliff Asness – 3,672,242 shares
David Tepper – 2,220,000 shares
Jeremy Grantham – 1,463,473 shares
Steve Cohen – 1,406,261 shares
Ken Griffin – 817,151 shares
Lee Ainslie – 805,239 shares
Steve Romick – 483,641 shares
Israel Englander – 406,865 shares
Howard Marks – Sold Out
Jim Simons – Sold Out
Andreas Halvorsen – Sold Out
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