One Stock Superinvestors Are Selling

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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

For more articles like this, check out our value investing news here.

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