Q4 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

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. Each quarter, WhaleWisdom tracks the stocks that were most bought and sold during the quarter, so here are some of the most popular stocks in the fourth quarter.

• Walt Disney Co DIS was the hottest stock in the quarter, with 12 funds increasing their stakes and six funds selling.
• Paypal Holdings Inc PYPL was another top stock pick among fund managers, with the number of buyers outnumbering the number of sellers four-to-one.
• Alphabet, Inc. GOOG GOOGL was the most popular FANG stock in the quarter, but David Tepper was among the Alphabet sellers.
• Several fund managers made major adjustments to their ETF positions, including Tepper selling the XOP ETF. Smith and Buffett bought the SPY, while Soros sold it.
• Tech stocks remained popular among fund managers, but they were mostly selling Facebook, Inc. FB in the fourth quarter.

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 Q4 Buys/Increases:

• DXC Technology Co DXC
• Chemours Co CC

Notable Q4 Sells/Reductions:

• Altice USA Inc ATUS
• The Medicines Company MDCO
• Dillard's, Inc. DDS
• Voya Financial Inc VOYA
• Tempur Sealy International Inc TPX
• AerCap Holdings N.V. AER