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:
Alibaba Group Holding Ltd – ADR (NYSE: BABA)
Alibaba is the world’s largest online and mobile commerce company, measured by GMV (CNY 6.6 trillion/USD 1 trillion for the fiscal year ended March 2020). It operates China’s most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). Alibaba’s China commerce retail division accounted for 69% of revenue in the December 2020 quarter, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees. Additional revenue sources include China commerce wholesales (2%), international retail/wholesale marketplaces (5%/2%), cloud computing (7%), digital media and entertainment platforms (4%), Cainiao logistics services (5%), and innovation initiatives/other (2%).
A quick look at the price chart below for the company shows us that the stock is down 55% in the past twelve months.
Superinvestors who reduced, or sold out of the company’s stocks include:
Ken Fisher – 14,188,423
Ken Griffin – 2,871,651
Tom Russo – 1,562,502
Israel Englander – 1,225,761
Tweedy Browne – 59,810
Bruce Berkowitz – 8,190
Sequoia Fund – 3,415
David Polen – 2,244
Mohnish Pabrai – SOLD OUT
Leon Cooperman – SOLD OUT
David Tepper – SOLD OUT
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