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. The fourth quarter of 2020 was a big quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into 2021.

Google parent Alphabet has the attention of fund managers in Q4, with Tepper and Klarman selling and Soros buying.

Auto stocks have been hot in the market, and Cooperman was buying General Motors on the strength while Soros was taking profits.

Buffett took huge new positions in Verizon and Chevron, both of which pay dividend yields above 4.4%. Buffett also reduced exposure to bank stocks in the quarter, selling Wells Fargo, JPMorgan, M&T and PNC.

Several fund managers traded ETFs to play particular themes. Tepper bet on the Energy Sector by buying the XLE fund while Soros made a big bet on emerging markets by buying the EEM fund.

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

Related Link: What Warren Buffett Says About High-Profile IPOs Like Airbnb, DoorDash

David Einhorn’s Greenlight Capital
Notable Q4 Buys/Increases:

• Danimer Scientific Inc DNMR
• Fubotv Inc FUBO
• Concentrix Corp CNXC
• Dillard's, Inc. DDS
• Sonos Inc SONO
• Consol Energy Inc CEIX

Notable Q4 Sells/Reductions:

• Intel Corporation INTC
• Jack in the Box Inc. JACK
• AerCap Holdings N.V. AER

David Tepper’s Appaloosa Management
Notable Q4 Buys/Increases:

• Amazon.com, Inc. AMZN
• Occidental Petroleum Corporation OXY
• Energy Select Sector SPDR Fund XLE
• QUALCOMM, Inc. QCOM
• Facebook, Inc. FB
• Microsoft Corporation MSFT
• Twitter Inc TWTR

Notable Q4 Sells/Reductions:

• PG&E Corporation PCG
• Micron Technology, Inc. MU
• AT&T Inc. T
• Alibaba Group Holding Ltd - ADR BABA
• Alphabet, Inc. GOOG GOOGL
• Netflix Inc NFLX

Leon Cooperman’s Omega Advisors
Notable Q4 Buys/Increases:

• Mp Materials Corp MP
• General Motors Company GM
• Barings BDC Inc BBDC
• Energy Transfer LP Unit ET
• Comcast Corporation CMCSA

Notable Q4 Sells/Reductions:

• AMC NETWORKS INC AMCX

Barry Rosenstein’s Jana Partners
Notable Q4 Buys/Increases:

• Laboratory Corp. of America Holdings LH
• W R Grace & Co GRA
• Tegna Inc. TGNA
• TreeHouse Foods Inc. THS

Notable Q4 Sells/Reductions:

• Callaway Golf Co ELY

Jeff Smith’s Starboard Value
Notable Q4 Buys/Increases:

• ON Semiconductor ON
• ACI Worldwide ACIW
• Corteva CTVA
• NortonLifeLock NLOK

Notable Q4 Sells/Reductions:

• Advance Auto Parts AAP
• ComScore SCOR

Warren Buffett’s Berkshire Hathaway
Notable Q4 Buys/Increases:

• Verizon Communications Inc. VZ
• Merck & Co., Inc. MRK
• AbbVie Inc ABBV
• T-Mobile Us Inc TMUS
• Chevron Corporation CVX

Notable Q4 Sells/Reductions:

• Apple Inc AAPL
• Wells Fargo & Co WFC
• Barrick Gold Corp GOLD
• M&T Bank Corporation MTB
• PNC Financial Services Group Inc PNC
• Pfizer Inc. PFE
• JPMorgan Chase & Co. JPM

George Soros’ Soros Fund Management
Notable Q4 Buys/Increases:

• Quantumscape Corp QS
• iShares MSCI Emerging Markets ETF EEM
• Walt Disney Co DIS
• Amazon.com, Inc. AMZN
• Nike Inc NKE
• Uber Technologies Inc UBER
• Alphabet Inc GOOG GOOGL

Notable Q4 Sells/Reductions:

• Draftkings Inc DKNG
• General Motors Company GM

Carl Icahn’s Icahn Capital
Notable Q4 Buys/Increases:

• Icahn Enterprises LP Common Stock IEP
• Bausch Health Companies Inc BHC
• Dana Inc DAN
• Xerox Holdings Corp XRX

Notable Q4 Sells/Reductions:

• Cheniere Energy, Inc. LNG
• Tenneco Inc TEN

Bill Ackman’s Pershing Square Capital
Notable Q4 Buys/Increases:
(none)
Notable Q4 Sells/Reductions:

• Starbucks Corporation SBUX
• Restaurant Brands International Inc QSR
• Lowe’s Companies Inc LOW
• Agilent Technologies Inc A
• Hilton Hotels Corporation HLT

Seth Klarman’s Baupost Group
Notable Q4 Buys/Increases:

• Intel Corporation INTC
• Marathon Petroleum Corp MPC
• Facebook, Inc. FB
• eBay Inc EBAY

Notable Q4 Sells/Reductions:

• CBS Corporation VIAC
• HP Inc HPQ
• Fox Corp FOXA
• Alphabet, Inc. GOOG GOOGL