One Stock Superinvestors Are Selling

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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:

Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 6.6 trillion/$1 trillion for the fiscal year ended March 2020). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba’s China commerce retail division accounted for 69% of revenue in the December 2020 quarter, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include China commerce wholesales (2%), international retail/wholesale marketplaces (5%/2%), cloud computing (7%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (2%).

A quick look at the price chart below for Alibaba shows us that the stock is down 21% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of Alibaba include:

(Remaining shares)

Israel Englander – 4,030,109

Cliff Asness – 3,433,716

Ray Dalio – 1,402,720

David Tepper – 1,140,000

Jeremy Grantham – 1,106,517

Cath Wood – 462,651

Lee Ainslie – 318,539

Jim Simons – 40,618

Paul Tudor Jones – 13,399

George Soros – SOLD OUT

Dan Loeb – SOLD OUT

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