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 nearly 4 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 US 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 80.69% in the past twelve months.
Source: Google Finance
Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:
(Remaining shares)
Terry Smith – 4,969,549
Jean-Marie Eveillard – 3,554,783
Steve Mandell – 2,137,817
Cliff Asness – 1,775,413
Ken Griffin – 1,290,970
David Tepper – 1,122,500
Steve Romick – 1,026,316
David Abrams – 620,547
Steve Cohen – 211,513
Wally Weitz – 201,275
Lee Ainslie – 152,689
Joel Greenblatt – 98,431
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