Q1 13F Roundup: How Buffett, Einhorn, Ackman 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 buying than selling of popular tickers.

• Altaba, the holding company with stakes in Alibaba and Yahoo Japan, fell out of favor with institutional investors, with Einhorn, Loeb and Tepper all selling in Q1.
• Fund managers were mostly buying Apple in Q1, led by Warren Buffett.
• Loeb and Coleman were both buying cloud plays Salesforce and Microsoft.
• Among the FANG stocks, managers were most bullish on Facebook, but Loeb and Coleman were selling Alphabet.
• Big bank stocks were a hit in Q1, with a number of fund managers, led by George Soros, buying or adjusting positions in the 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 Q1 Buys/Increases:

• Paypal Holdings, Inc. PYPL

Notable Q1 Sells/Decreases:

• Under Armour Inc UAA
• General Motors GM
• Altaba Inc AABA
• Twitter, Inc. TWTR
• J C Penney JCP
• Lowe’s Companies, Inc. LOW
• Apple, Inc. AAPL

Dan Loeb’s Third Point

Notable Q1 Buys/Increases:

• Microsoft Corporation MSFT
• Salesforce.com, Inc. CRM
• Facebook, Inc. FB
• Wynn Resorts, Limited WYNN
• Adobe Systems Incorporated ADBE

Notable Q1 Sells/Reductions:

• Alphabet Inc GOOGL
• Alibaba Group Holding Ltd BABA
• Altaba

Nelson Peltz’s Trian Partners

Notable Q1 Buys/Increases:

• Bank of New York Mellon Corp BK

Notable Q1 Sells/Reductions:

• Mondelez International MDLZ
• Wendys Co WEN

Chase Coleman’s Tiger Global

Notable Q1 Buys/Increases:

• Sunrun, Inc RUN
• Salesforce.com
• Netflix, Inc. NFLX
• Microsoft
• Fiat Chrysler Automobiles NV FCAU
• Facebook

Notable Q1 Sells/Reductions:

• Comcast Corporation CMCSA
• Alphabet

Warren Buffett’s Berkshire Hathaway

Notable Q1 Buys/Increases:

• Apple
• Monsanto Company MON
• Teva Pharmaceutical Industries Ltd (ADR) TEVA
• U.S. Bancorp USB
• Bank of New York Mellon
• Delta Air Lines, Inc. DAL

Notable Q1 Sells/Reductions:

• International Business Machines Corp. IBM
• Graham Holdings Co GHC
• Wells Fargo & Co WFC
• Phillips 66 PSX
• Charter Communications Inc CHTR
• Liberty Global PLC LBTYA
• United Continental Holdings Inc UAL

George Soros’ Soros Fund Management

Notable Q1 Buys/Increases:

• Bank of America Corp BAC
• American Express Company AXP
• Goldman Sachs Group, Inc. GS
• JPMorgan Chase & Co. JPM
• Citigroup Inc C
• Wells Fargo
• Morgan Stanley MS
• Metlife Inc MET
• American International Group Inc AIG

Notable Q1 Sells/Reductions:

• Overstock.com Inc OSTK
• 3M Co MMM
• QUALCOMM, Inc. QCOM
• Twitter
• General Electric Company GE
• Southwest Airlines Co LUV

Carl Icahn’s Icahn Capital

Notable Q1 Buys/Increases:

• Newell Brands Inc NWL

Notable Q1 Sells/Reductions:

• Xerox Corp XRX
• Manitowoc Company Inc MTW
• Freeport-McMoRan Inc FCX
• American International Group

Bill Ackman’s Pershing Square Capital

Notable Q1 Buys/Increases:

• United Technologies Corporation UTX

Notable Q1 Sells/Reductions:

• Nike Inc NKE
• Restaurant Brands International Inc QSR
• Automatic Data Processing ADP
• Mondelez International
• Howard Hughes Corp HHC

Leon Cooperman’s Omega Advisors

Notable Q1 Buys/Increases:

• Discovery Communications DISCA
• DISH Network Corp DISH
• Citigroup
• Bristol-Myers Squibb Co BMY

Notable Q1 Sells/Decreases:

• Expedia Group Inc EXPE
• Wells Fargo
• Facebook
• CBS Corporation CBS

David Tepper’s Appaloosa Management

Notable Q1 Buys/Increases:

• Facebook
• NVIDIA Corporation NVDA
• Wells Fargo
• Alphabet

Notable Q1 Sells/Decreases:

• Bank of America
• Apple
• Altaba
• Alibaba

Related Links:

Form 13F: What It Is And Why It's Important

Buffett Still Bearish On Bitcoin: 'The Asset Itself Is Creating Nothing'