Billionaire Rob Citrone Is Selling These 5 Stocks

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Below is the list of 5 stocks billionaire Rob Citrone is selling. For a detailed discussion about Rob Citrone’s investment philosophy and portfolio management strategies please see Billionaire Rob Citrone Is Selling These 10 Stocks.

5. ACV Auctions Inc. (NASDAQ:ACVA)

Number of Hedge Fund Holders: 22

Discovery Capital Management sold out its entire stake in ACV Auctions Inc. (NASDA:ACVA) during the September quarter. The share price of the company is down almost 20% since its debut on NASDAQ in April 2021. ACV Auctions is an online marketplace for wholesale vehicles. Concerns over lower interest in online platforms in the post-pandemic situation negatively impacted ACV Auctions’ share price in the past few months. 

Of the 867 elite funds tracked by Insider Monkey, 22 were bullish about the company as of September. Eric Bannasch’s Cadian Capital was the leading stakeholder in the company.

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