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:

Baidu Inc ADR Class A (NASDAQ: BIDU)

Baidu is the largest Internet search engine in China with a 75% share of the search engine market in March 2021 as per Statcounter. The firm generated 68% of revenue from online marketing services and the rest from other segments in 2020. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.

A quick look at the price chart below for Baidu shows us that the stock is up 39% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of Baidu include:

Jim Simons – 3,204,791

John Rogers – 2,443,141

Tweedy Browne – 978,153

Rich Pzena – 805,965

Mason Hawkins – 759,328

Steve Romick – 518,161

Cliff Asness – 497,067

Ray Dalio – 360,827

Jeremy Hosking – 37,517

Charles Brandes – SOLD OUT

Lee Ainslie – SOLD OUT