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:
Meta Platforms Inc (NASDAQ: FB)
Meta Platforms Inc, formerly Facebook is the world’s largest online social network, with 2.5 billion monthly active users. Users engage with each other by exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. Its ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Facebook operates at a 30%-plus margin.
A quick look at the price chart below for Meta Platforms Inc shows us that the stock is up 25% in the past twelve months.
(Source: Morningstar)
Superinvestors who reduced, or sold out of Meta Platforms Inc include:
(Remaining shares)
Jean-Marie Eveillard – 3,415,252
Steve Mandel – 3,074,926
Cliff Asness – 2,597,868
Andreas Halvorsen – 1,705,703
Steve Romick – 1,360,861
Ken Griffin – 1,217,691
David Tepper – 1,142,500
Israel Englander – 918,709
Lee Ainslie – 522,068
Bill Miller – 299,560
Stan Druckenmiller – 105,883
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