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:
Amazon.com, Inc. (NASDAQ: AMZN)
Amazon is among the world’s highest-grossing online retailers, with $281 billion in net sales and approximately $365 billion in estimated physical/digital gross merchandise volume (GMV) in 2019. Online product and digital media sales comprised 50% of net revenue in 2019, followed by commissions, related fulfillment and shipping fees, and other third-party seller services (19%), Amazon Web Services’ cloud computing, storage, database, and other offerings (13%), Prime membership fees and other subscription-based services (7%), product sales at Whole Foods and other physical store retail formats (6%), and advertising services and cobranded credit cards (5%). International segments constituted 27% of Amazon’s non-AWS sales in 2019, led by Germany, the United Kingdom, and Japan.
A quick look at the price chart below for Amazon shows us that the stock is up 66% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Amazon stock in their portfolios include:
(Remaining shares)
Cliff Asness – 533,097 shares
Stephen Mandel – 337,308 shares
Andreas Halvorsen – 272,272 shares
Dan Loeb – 205,000 shares
David Tepper – 141,500 shares
Lee Ainslie – 72,101 shares
Bill Miller – 49,141 shares
Joel Greenblatt – 19,013 shares
James Dinan – 7,247 shares
Paul Tudor Jones – 3,217 shares
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