One Stock Superinvestors Are Buying

Johnny HopkinsStock ScreenerLeave a Comment

As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus 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 common stocks that investing gurus have recently bought, or continuing to hold in their portfolios, according to their latest 13f’s. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Buying’. This week we’ll take a look at:

Meta Platforms Inc (META)

Meta is the world’s largest online social network, with over 3.6 billion monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Meta refers to this as Facebook Watch. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Meta operates at a 30%-plus margin.

A quick look at the price chart below for the company shows us that the stock is down 53% in the past twelve months.

META Chart

META data by YCharts

Superinvestors who recently bought, or continue to hold the stock in their portfolios include:

(Shares)

David Polen – 13,165,612

Steve Mandel – 3,662,065

David Abrams – 1,205,043

Sequoia Fund – 976,009

Li Lu – 876,200

Pat Dorsey – 755,957

Bill Miller – 344,047

Francois Rochon – 257,017

David Rolfe – 219,070

Chris Davis – 217,750

Wally Weitz – 185,000

Michael Burry – 80,000

Rob Olstein – 54,500

David Katz – 9,600

Prem Watsa – 7,000

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