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:

Citigroup Inc (NYSE: C)

Citigroup is a global financial services company doing business in more than 100 countries and jurisdictions. Citigroup’s operations are organized into two primary segments: the global consumer banking segment, which provides basic branch banking around the world, and the institutional clients group, which provides large customers around the globe with investment banking, cash management, and other products and services.

A quick look at the price chart below for Citigroup shows us that the stock is up 61% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of Citigroup include:

(Remaining shares)

Jeffrey Ubben – 20,745,704

Steve Romick – 5,088,721

Cliff Asness – 1,819,776

Jeremy Grantham – 1,731,660

Ken Griffin – 1,057,684

Israel Englander – 542,029

Jim O’Shaughnessy – 482,344

Mario Gabelli – 300,905

Francis Chou – 57,695

Joel Greenblatt – 21,845

Lee Ainslie – 2,729

Stan Druckenmiller – SOLD OUT

Louis Bacon – SOLD OUT

Steve Cohen – SOLD OUT