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:

Adobe Inc (NASDAQ: ADBE)

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

A quick look at the price chart below for the company shows us that the stock is up 36% in the past twelve months.

(Source: Morningstar)

Superinvestors who reduced, or sold out of the company’s stocks include:

(remaining shares)

Steve Mandell – 1,955,187

Chuck Akre – 1,529,985

Cliff Asness – 494,108

Ken Griffin – 270,192

DE Shaw – 204,550

Israel Englander – 53,221

Louis Bacon – 34,740

Mario Gabelli – 14,572

Ray Dalio – 9,851

Steve Romick – 2,835