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:

Philip Morris International Inc (NYSE: PM)

Philip Morris International is a leading international tobacco company engaged in the manufacture and sale of cigarettes and other nicotine-containing products in markets outside the United States. Through multidisciplinary capabilities in product development, state-of-the-art facilities, and scientific substantiation, the company aims to ensure that its smoke-free products meet adult consumer preferences and rigorous regulatory requirements. Management’s vision is that these products ultimately replace cigarettes.

A quick look at the price chart below for Philip Morris shows us that the stock is up 33% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of Philip Morris include:

(Remaining shares)

Terry Smith – 19,353,620

Jean-Marie Eveillard – 10,456,409

Tom Russo – 7,900,711

John Rogers – 3,998,382

Cliff Asness – 923,578

Jeremy Hosking – 141,579

Israel Englander – 82,101

Joel Greenblatt – 66,319

Murray Stahl – 22,953

Jim Simons – 2,400

Steve Cohen – SOLD OUT