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, offering a wide range of banking and financial services to individuals, small businesses, and large corporations. The bank operates across multiple segments, including consumer banking, global wealth and investment management, and corporate and investment banking. It has a massive retail footprint, a robust digital platform, and substantial exposure to both U.S. consumer and commercial lending markets.
A quick look at the price chart below shows the stock is up 7.64% over 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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