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:
Meta Platforms Inc (META)
Meta is the world’s largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. 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 more than 45% coming from the U.S. and Canada and over 20% from Europe.
A quick look at the price chart below for the company shows us that the stock is up 79.31% in the past twelve months.
Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:
(Remaining shares)
Chase Coleman – 7,457,081
Jean-Marie Eveillard – 5,729,588
Ken Fisher – 4,883,808
Ken Griffin – 3,887,400
Israel Englander – 2,874,656
Steve Cohen – 2,469,973
David Abrams – 2,151,858
Cliff Asness – 2,106,307
Jim Simons – 1,908,583
Steve Romick – 1,449,881
Lee Ainslie – 798,977
Wally Weitz – 422,800
Francois Rochon – 263,471
Stanley Druckenmiller – 239,615
Joel Greenblatt – 120,986
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