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:

Wells Fargo & Co (NYSE: WFC)

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.

A quick look at the price chart below for the company shows us that the stock is up 28% in the past twelve months.

(Source: Morningstar)

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

(Remaining shares)

Dodge & Cox – 133,428,052

Chris Davis – 38,310,651

Rich Pzena – 18,870,433

Jean-Marie Eveillard – 9,300,948

Steve Romick – 7,286,586

Harry Burn – 2,954,471

Tweedy Browne – 2,157,631

Cliff Asness – 1,757,001

Mario Gabelli – 1,420,435

Tom Russo – 1,047,346

David Katz – 250,699

Rob Olstein – 188,000

Francis Chou – 19,542

Bill Miller – SOLD OUT