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:

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 64% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of Bank of America include:

(Remaining shares)

Rich Pzena – 10,152,918

Andreas Halvorsen – 7,174,216

Ken Griffin – 6,563,473

Jeremy Hosking – 5,908,775

Chris Davis – 3,520,291

Israel Englander – 2,912,996

Tweedy Browne – 1,933,102

Bill Miller – 1,749,538

Jim O’Shaughnessy – 1,599,574

Ken Fisher – 1,482,364

Cliff Asness – 793,131

Murray Stahl – 33,226

Jeremy Grantham – SOLD OUT

Lee Ainslie – SOLD OUT

Steve Cohen – SOLD OUT

Jim Simons – SOLD OUT

Paul Tudor Jones – SOLD OUT

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