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, like those stocks and shares junior ISA, 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:
Bank of America Corp (BAC)
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries, but is primarily U.S. focused.
A quick look at the price chart below for the company shows us that the stock is down 35% in the past twelve months.
Superinvestors who recently bought, or continue to hold the stock, according to their latest 13Fs include:
Warren Buffett – 1,010,100,606
Ken Fisher – 22,129,304
Rich Pzena – 9,071,627
Ray Dalio – 3,205,636
Prem Watsa – 3,101,000
Ed Wachenheim – 1,254,500
Francois Rochon – 935,610
Guy Spier – 767,845
Joel Greenblatt – 121,090
John Rogers – 96,039
Lee Ainslie – 7,864
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