One Stock Superinvestors Are Selling

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:

American Express Company (NYSE: AXP)

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company operates a highly profitable merchant payment network. Since 2018, the company has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company’s commercial business offers expense management tools, consulting services, and business loans.

A quick look at the price chart below for American Express shows us that the stock is up 78% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of American Express stock include:

(Remaining Shares)

Andreas Halvorsen – 5,224,231

Chris Davis – 5,091,902

Jeremy Grantham – 2,588,715

Mario Gabelli – 1,070,255

Lee Ainslie – 1,035,389

Tweedy Browne – 295,796

Cliff Asness – 78,697

Tom Russo – 65,966

Rob Olstein – 50,000

Paul Tudor Jones – 13,378

Joel Greenblatt – 3,386