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 13Fs. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, 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 13Fs. So we’re now providing a new weekly feature article called ‘One Stock Superinvestors Are Selling.‘ This week we’ll take a look at:
Bank of America Corp (BAC)
Bank of America is one of the largest financial institutions in the United States, providing a wide range of banking, investment, asset management, and other financial and risk management products and services. It operates through segments including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The company has a vast customer base, serving individual consumers, small and middle-market businesses, and large corporations.
A quick look at the price chart below for the company shows us that the stock is up 32.10% 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:
Warren Buffett – 680,233,587
Rich Pzena – 16,612,322
Cliff Asness – 4,875,181
Mario Gabelli – 600,072
John Rogers – 164,820
Joel Greenblatt – 142,174
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