Q3 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 selling than buying of many popular tickers.

• Surprisingly, no major fund manager mentioned below was buying or selling Amazon.com, Inc. AMZN in the third quarter, despite the stock dropping 18.4 percent in the past three months.
• Apple recieved three high-profile downgrades in the past couple of weeks, but fund managers were mostly indifferent about the stock in the third quarter. Coleman added to his stake while Einhorn reduced his.
• Micron was an unpopular stock in the third quarter, with Einhorn, Tepper and Cooperman reducing their positions and nobody stepping in to buy the dip.
• Among the FANG stocks, managers were most bearish on Facebook, with Tepper, Cooperman, Rosenstein, Coleman and Soros all reducing their stakes.
• Warren Buffett went all-in on banks, buying JPMorgan, Goldman Sachs, PNC Financial, Bank of America and U.S. Bancorp.

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 Q3 Buys/Increases:

• Michael Kors Holdings Ltd KORS
• Tractor Supply Company TSCO
• Seadrill Ltd SDRL

Notable Q3 Sells/Decreases:

• Twitter, Inc. TWTR
• Apple, Inc. AAPL
• Micron Technology, Inc. MU
• TJX Companies Inc TJX
• AutoZone, Inc. AZO

David Tepper’s Appaloosa Management

Notable Q3 Buys/Increases:

• PG&E Corporation PCG

Notable Q3 Sells/Reductions:

• Wells Fargo & Co WFC
• Bank of America Corp BAC
• Altaba Inc AABA
• Alibaba Group Holding Ltd BABA
• Facebook, Inc. FB
• Dollar General Corp. DG
• Micron

Leon Cooperman’s Omega Advisors

Notable Q3 Buys/Increases:

• CIGNA Corporation CI

Notable Q3 Sells/Decreases:

• DISH Network Corp DISH
• Box, Inc. BOX
• Humana Inc HUM
• Ally Financial Inc ALLY
• Microsoft Corporation MSFT
• Paypal Holdings Inc PYPL
• Facebook
• Micron

Barry Rosenstein’s Jana Partners

Notable Q3 Buys/Increases:

• United States Steel Corporation X

Notable Q3 Sells/Reductions:

• General Motors Company GM
• Tiffany & Co. TIF
• Alphabet, Inc GOOG GOOGL
• GrubHub Inc GRUB
• Facebook
• Microsoft
• Wells Fargo

Chase Coleman’s Tiger Global

Notable Q3 Buys/Increases:

• Twilio Inc TWLO
• JD.Com Inc JD
• Adobe Inc ADBE
• Apple
• Alibaba

Notable Q3 Sells/Reductions:

• Twitter
• Facebook

Warren Buffett’s Berkshire Hathaway

Notable Q3 Buys/Increases:

• Goldman Sachs Group Inc GS
• JPMorgan Chase & Co. JPM
• Oracle Corporation ORCL
• PNC Financial Services Group Inc PNC
• Travelers Companies Inc TRV
• U.S. Bancorp USB
• Bank of America

Notable Q3 Sells/Reductions:

• Walmart Inc WMT

George Soros’ Soros Fund Management

Notable Q3 Buys/Increases:

• Kraft Heinz Co KHC
• Kellogg Company K
• Alibaba
• Microsoft

Notable Q3 Sells/Reductions:

• Chevron Corporation CVX
• Intel Corporation INTC
• Facebook

Carl Icahn’s Icahn Capital

Notable Q3 Buys/Increases:

• Dell Technologies Inc DVMT
• Energen Corporation EGN
• Newell Brands Inc NWL

Notable Q3 Sells/Reductions:

• VMware, Inc. VMW
• Cigna

Bill Ackman’s Pershing Square Capital

Notable Q3 Buys/Increases:

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

Notable Q3 Sells/Reductions:

• Automatic Data Processing ADP
• Mondelez International MDLZ
• Chipotle Mexican Grill, Inc. CMG
• Howard Hughes Corp HHC

Nelson Peltz’s Trian Partners

Notable Q3 Buys/Increases:

• PPG Industries, Inc. PPG

Notable Q3 Sells/Decreases:

• SYSCO Corporation SYY
• Pentair PLC PNR

Related Links:

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