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:
JPMorgan Chase & Co (JPM)
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments–consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
A quick look at the price chart below for the company shows us that the stock is up 52.45% 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)
Chris Davis – 1,849,353
Ken Griffin – 1,005,180
Rich Pzena – 960,532
Cliff Asness – 608,086
Mario Gabelli – 237,740
Bernard Horn – 217,251
Glenn Greenberg – 5,643
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One Comment on “The One Stock That Superinvestors Are Dumping: Is It Time to Sell?”
Isn’t this just, it’s a good stock to sell, because they see a better growth opportunity on a new up and comer and the “money” has to come from somewhere? What’s the “red flag”, I don’t see even a “yellow flag”?
For me, if I have lost faith in a company, I usually sell all. I am a predominantly a “modern Buffet” fan. I buy companies.