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:

Charles Schwab Corporation (NYSE: SCHW)

Charles Schwab operates in the brokerage, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $6.5 trillion of client assets at the end of 2020. Nearly all of its revenue is from the United States.

A quick look at the price chart below for the company shows us that the stock is up 70% in the past twelve months.

(Source: Morningstar)

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

(remaining shares)

Jean-Marie Eveillard – 4,951,670

Donald Yacktman – 3,469,928

John Rogers – 913,525

Chris Davis – 855,141

Glenn Greenberg – 707,943

Jeremy Hosking – 534,925

Ken Griffin – 510,208

Brandon Hayley – 168,780

Mario Gabelli – 111,982

Steve Cohen – 85,300

Edgar Wachenheim – 41,987

Joel Greenblatt – 18,638