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.
Superinvestors who reduced, or sold out of Alibaba include:
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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