Q2 13F Roundup: How Buffett, Einhorn, Loeb And Others Adjusted Their Portfolio

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.

Takeaways From 13F Season

Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but other investors may be more interested in overall themes from 13F filings. Overall, it appears fund managers were doing more selling than buying of many popular tickers.

• Surprisingly, no major fund manager mentioned below was buying Amazon in the second quarter.
• Apple recently crossed the $1 trillion mark, but fund managers were mostly indifferent. Buffett added to his stake while Einhorn took profits.
• Wells Fargo was a popular stock in the second quarter, with Rosenstein adding to his position and Buffett and Cooperman reducing their exposure.
• Among the FANG stocks, managers were most bullish on Facebook, with Rosenstein, Soros and Coleman all adding to their stakes.
• George Soros made a semiconductor statement, selling Nvidia and buying Advanced Micro Devices and Intel.

Related Link: The 'Buffett Indicator' Says Stocks Are More Overvalued Now Than Before Dot-Com Bubble Or Great Recession

Here’s a rundown of how the smart money was playing some of the most popular stocks last quarter.

David Einhorn’s Greenlight Capital

Notable Q2 Buys/Increases:

• Best Buy Co Inc BBY
• Gap Inc GPS

Notable Q2 Sells/Decreases:

• Twitter, Inc. TWTR
• Apple, Inc. AAPL
• Abercrombie & Fitch Co. ANF
• Roku Inc ROKU
• Tapestry Inc TPR
• Micron Technology, Inc. MU

Dan Loeb’s Third Point

Notable Q2 Buys/Increases:

• Microsoft Corporation MSFT
• Salesforce.com, Inc. CRM
• Electronic Arts Inc. EA
• Adobe Systems Incorporated ADBE
• Visa Inc V
• PayPal Holdings Inc PYPL

Notable Q2 Sells/Reductions:

• Facebook, Inc. FB
• BlackRock, Inc. BLK

Leon Cooperman’s Omega Advisors

Notable Q2 Buys/Increases:

• Citigroup Inc C
• Box, Inc. BOX

Notable Q2 Sells/Decreases:

• GW Pharmaceuticals PLC-ADR GWPH
• Wells Fargo & Co WFC
• Netflix, Inc. NFLX
• Bristol-Myers Squibb Co BMY
• Discovery Communications DISCA
• DISH Network Corp DISH

Barry Rosenstein’s Jana Partners

Notable Q2 Buys/Increases:

• Alphabet, Inc GOOG GOOGL
• Alibaba Group Holdings, Inc. BABA
• GrubHub Inc GRUB
• Facebook
• Wells Fargo
• Microsoft

Notable Q2 Sells/Reductions:

• General Motors Company GM
• Dropbox Inc DBX
• Tiffany & Co. TIF
• Adobe Systems

Chase Coleman’s Tiger Global

Notable Q2 Buys/Increases:

• Spotify Technology SA SPOT
• Starbucks Corporation SBUX
• Electronic Arts Inc. EA
• Home Depot Inc HD
• Facebook
• Citigroup

Notable Q2 Sells/Reductions:

• eBay, Inc. EBAY
• Chipotle Mexican Grill CMG
• American Express Company AXP
• Domino’s Pizza, Inc. DPZ
• Twitter
• PayPal
• Microsoft

Warren Buffett’s Berkshire Hathaway

Notable Q2 Buys/Increases:

• Teva Pharmaceutical Industries Ltd (ADR) TEVA
• Goldman Sachs Group Inc GS
• Southwest Airlines Co LUV
• Apple
• General Motors

Notable Q2 Sells/Reductions:

• American Airlines Group Inc AAL
• United Continental Holdings Inc UAL
• Wells Fargo

George Soros’ Soros Fund Management

Notable Q2 Buys/Increases:

• Advanced Micro Devices, Inc. AMD
• Intel Corporation INTC
• Facebook

Notable Q2 Sells/Reductions:

• Amazon.com, Inc. AMZN
• NVIDIA Corporation NVDA
• Netflix, Inc. NFLX
• Snap, Inc. SNAP
• Dropbox
• Microsoft
• Alphabet
• General Motors

Carl Icahn’s Icahn Capital

Notable Q2 Buys/Increases:

• VMware, Inc. VMW
• Herbalife Nutrition Ltd HLF
• Amtrust Financial Services Inc AFSI

Notable Q2 Sells/Reductions:

• Cheniere Energy, Inc. LNG

Bill Ackman’s Pershing Square Capital

Notable Q1 Buys/Increases:

• United Technologies Corporation UTX
• Mondelez International MDLZ
• Lowe’s Companies, Inc. LOW

Notable Q2 Sells/Reductions:

• Automatic Data Processing ADP

Paul Tudor Jones’ Tudor Investment

Notable Q2 Buys/Increases:

• General Electric Company GE
• Morgan Stanley MS
• Nike Inc NKE
• Walmart Inc WMT
• Electronic Arts

Notable Q2 Sells/Decreases:

• Hewlett Packard Enterprise Co HPE
• IBM IBM
• AT&T Inc. T
• General Motors