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
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