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 (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 down 21% in the past twelve months.

WFC data by YCharts

Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:

(Remaining shares)

Chris Davis – 30,812,906

Jeremy Grantham – 7,473,513

Steve Romick – 6,079,373

Cliff Asness – 4,102,044

Charles Brandes – 2,833,167

Israel Englander – 2,710,064

Mario Gabelli – 1,311,537

Tom Russo – 766,181

Joel Greenblatt – 35,399

Ken Fisher – 21,949

Paul Tudor Jones – SOLD OUT