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:
Wells Fargo & Co (NYSE: WFC)
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
A quick look at the price chart below for Wells Fargo & Co shows us that the stock is up 81% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Wells Fargo & Co include:
(Remaining shares)
Chris Davis – 40,873,138
Rich Pzena – 19,374,913
Jean-Marie Eveillard – 10,267,197
Jeremy Grantham – 9,715,198
Steven Romick – 7,305,938
Ken Griffin – 5,999,133
Donald Yacktman – 4,581,416
Israel Englander – 3,968,264
Jeremy Hosking – 3,467,912
Tweedy Browne – 2,257,353
Cliff Asness – 1,761,979
Mario Gabelli – 1,424,012
Tom Russo – 1,144,747
Louis Bacon – 891,644
Guy Spier – SOLD OUT
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