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 230% in the past twelve months.
Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:
(Remaining shares)
Jean-Marie Eveillard – 5,665,496
Terry Smith – 5,653,137
Ken Fisher – 4,883,808
Israel Englander – 2,767,363
Andreas Halvorsen – 2,594,548
Ken Griffin – 2,338,869
Cliff Asness – 1,928,099
Steve Romick – 1,353,975
David Abrams – 1,138,126
Steve Cohen – 837,427
Lee Ainslie – 568,158
Ray Dalio – 537,637
Joel Greenblatt – 115,791
Stenley Druckenmiller – 54,665
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