One Stock Superinvestors Are Selling

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:

Exxon Mobil Corp (XOM)

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world’s largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world’s largest manufacturers of commodity and specialty chemicals.

A quick look at the price chart below for the company shows us that the stock is up 29% in the past twelve months.

Source: Morningstar

Superinvestors who reduced, or sold out of the company’s stock, according to their latest 13Fs, include:

(Remaining shares)

Jean-Marie Eveillard – 13,483,262

Cliff Asness – 3,901,479

Jim Simons – 3,527,457

Ken Fisher – 1,402,027

Rich Pzena – 905,060

Mario Gabelli – 667,800

Ray Dalio – 570,554

Israel Englander – 388,023

Tom Russo – 176,458

Donald Yacktman – 147,100

Joel Greenblatt – 140,547

Murray Stahl – 45,362