Image Source: PixabayAs 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:
Wells Fargo & Co (WFC)
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.A quick look at the price chart below for the company shows us that the stock is up 39.73% in the past twelve months.
Source: Google FinanceSuperinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:(Remaining shares)Rich Pzena – 17,129,130Israel Englander – 2,808,799Donald Yacktman – 2,540,840Mario Gabelli – 898,244Tom Russo – 674,969Cliff Asness – 658,179Jean-Marie Eveillard – 22,691More By This Author:Why Home Depot Inc. Stock Is A Buy
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