As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus 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 common stocks that investing gurus have recently bought, or continuing to hold in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Buying Or Holding’. This week we’ll take a look at:
Bank of America Corp (NYSE: BAC)
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.
A quick look at the price chart below for Bank of America shows us that the stock is up 99% in the past twelve months.
(Source: Morningstar)
Superinvestors who recently bought, or continue to hold Bank of America stock include:
Warren Buffett – 1,010,100,606
Ken Griffin – 15,501,866
Li Lu – 12,358,987
Rich Pzena – 11,005,795
Israel Englander – 9,290,841
Jim Simons – 5,189,666
Charles Brandes – 2,749,022
Jim O’Shaughnessy – 2,417,812
Charles Munger – 2,300,000
Tweedy Browne – 1,962,127
Bill Miller – 1,842,366
Ray Dalio – 1,399,471
Mario Gabelli – 1,393,886
Francois Rochon – 1,277,648
Cliff Asness – 1,123,457
Guy Spier – 767,845
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