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, 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 Dumping: Is It Time to Sell?’. This week we’ll take a look at:
Wells Fargo & Company (WFC)
Wells Fargo is one of the largest financial institutions in the United States, offering a wide range of services including consumer banking, commercial lending, wealth management, and investment banking. The company has a strong national footprint with thousands of branches and ATMs, and it serves millions of customers across retail and business segments. Following a series of regulatory issues and restructuring efforts over the past decade, Wells Fargo has focused on rebuilding its brand, improving operational efficiency, and regaining investor confidence.
A quick look at the price chart below for the company shows us that the stock is up 7.82% 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)
Rich Pzena – 13,824,242
Steve Romick – 3,769,719
Steve Cohen – 1,216,078
Cliff Asness – 1,510,192
Donald Yacktman – 1,062,647
Mario Gabelli – 759,734
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