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:
Comcast Corporation (NASDAQ: CMCSA)
Comcast is made up of three parts. The core cable business owns networks capable of providing television, Internet access, and phone services to roughly 59 million U.S. homes and businesses, or nearly half of the country. About half the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in exclusive and proprietary content to build this position. The firm is also the largest pay-television provider in Italy and has a presence in Germany and Austria.
A quick look at the price chart below for Comcast shows us that the stock is up 15% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Comcast stock in their portfolios include:
(Remaining shares)
Jean-Marie Eveillard – 32,419,441 shares
Steven Romick – 10,581,990 shares
Andreas Halvorsen – 10,045,065 shares
Cliff Asness – 1,931,675 shares
Tweedy Browne – 1,128,215 shares
Charles Brandes – 1,116,017 shares
Mario Gabelli – 1,108,970 shares
Wally Weitz – 595,000 shares
Steve Cohen – 189,150 shares
Ken Fisher – 182,588 shares
Jeremy Grantham – 113,428 shares
Ray Dalio – Sold Out
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