One Stock Superinvestors Are Selling (NYSE: WFC)

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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:

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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