The One Stock That Superinvestors Are Dumping: Is It Time to Sell?

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:

Meta Platforms Inc (META)

Meta is the world’s largest online social network, with 3.8 billion family of apps monthly active users. Users engage with each other in different ways, exchanging messages and sharing news events, photos, and videos. The firm’s ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm’s total revenue, with more than 45% coming from the U.S. and Canada and over 20% from Europe.

A quick look at the price chart below for the company shows us that the stock is up 230% in the past twelve months.

META 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 – 5,665,496

Terry Smith – 5,653,137

Ken Fisher – 4,883,808

Israel Englander – 2,767,363

Andreas Halvorsen – 2,594,548

Ken Griffin – 2,338,869

Cliff Asness – 1,928,099

Steve Romick – 1,353,975

David Abrams – 1,138,126

Steve Cohen – 837,427

Lee Ainslie – 568,158

Ray Dalio – 537,637

Joel Greenblatt – 115,791

Stenley Druckenmiller – 54,665