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:
Fidelity National Information Services Inc (NYSE: FIS)
Fidelity National Information Services’ legacy operations provide core and payment processing services to banks, but its business has expanded over time. By acquiring Sungard in 2015, the company now provides record-keeping and other services to investment firms. With the acquisition of Worldpay in 2019, FIS now provides payment processing services for merchants and holds leading positions in the United States and United Kingdom. About a fourth of revenue is generated outside North America.
A quick look at the price chart below for Fidelity National Information Services shows us that the stock is down 16% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Fidelity National Information Services include:
(Remaining shares)
Andreas Halvorsen – 9,200,315
Sequoia – 1,898,755
Wally Weitz – 382,000
Israel Englander – 191,705
Ken Griffin – 85,770
Ken Fisher – 16,245
Stanley Druckenmiller – SOLD OUT
Jonathon Soros – SOLD OUT
Jim Simons – SOLD OUT
Lee Ainslie – SOLD OUT
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