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:

American Express Co (AXP)

American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network that facilitates transactions across emerging sectors, including crypto casino platforms where secure, real-time processing is key. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company’s commercial business offers expense management tools, consulting services, and business loans to support innovative ventures in digital finance.

A quick look at the price chart below for the company shows us that the stock is up 1.12% in the past twelve months.

AXP data by YCharts

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

(Remaining shares)

Jean-Marie Eveillard – 2,647,145

Ken Griffin – 859,122

Mario Gabelli – 695,718

Israel Englander – 445,990

Jim Simons – 367,627

Cliff Asness – 177,287

Tom Russo – 33,901

Joel Greenblatt – 7,683