Q1 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 first quarter of 2022 was a brutal quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the second quarter.
- Google parent Alphabet has the attention of fund managers, with Tepper and Loeb selling and Soros and Klarman buying.
- Occidental Petroleum and other energy stocks were also popular trades among fund managers as energy prices soared. Tepper and Icahn sold Occidental shares, while Buffett aggressively increased his stake.
- Buffett was buying energy and financial sector stocks in an environment of elevated inflation and rising interest rates.
- Several fund managers traded ETFs to play particular themes. Einhorn bought the GLD ETF to hedge against inflation, while Tepper took some profits on the red-hot energy sector by selling the XLE fund.
Here’s a rundown of how the smart money was playing some of the most popular stocks last quarter.
Related Link: What Is The Buffett Indicator?
David Einhorn’s Greenlight Capital
Notable Q1 Buys/Increases:
- Southwestern Energy Company (NYSE:SWN)
- Warner Bros Discovery Inc (NASDAQ:WBD)
- Weatherford International plc (NASDAQ:WFRD)
- Kyndryl Holdings Inc (NYSE:KD)
- SPDR Gold Trust (NYSE:GLD)
Notable Q1 Sells/Reductions:
David Tepper’s Appaloosa Management
Notable Q1 Buys/Increases:
- Uber Technologies Inc (NYSE:UBER)
- Amazon.com, Inc. (NASDAQ:AMZN)
- Microsoft Corporation (NASDAQ:MSFT)
Notable Q1 Sells/Reductions:
- T-Mobile Us Inc (NASDAQ:TMUS)
- General Motors Company (NYSE:GM)
- D R Horton Inc (NYSE:DHI)
- Occidental Petroleum Corporation (NYSE:OXY)
- Energy Select Sector SPDR Fund (NYSE:XLE)
- Meta Platforms Inc (NASDAQ:FB)
- Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)
Dan Loeb's Third Point
Notable Q1 Buys/Increases:
- CSX Corporation (NASDAQ:CSX)
Notable Q1 Sells/Reductions:
- Amazon.com, Inc. (NASDAQ:AMZN)
- Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)
- Upstart Holdings Inc (NASDAQ:UPST)
- Microsoft Corporation (NASDAQ:MSFT)
- Walt Disney Co (NYSE:DIS)
Barry Rosenstein’s Jana Partners
Notable Q1 Buys/Increases:
- Zendesk Inc (NYSE:ZEN)
Notable Q1 Sells/Reductions:
- Macy's Inc (NYSE:M)
- Mercury Systems Inc (NASDAQ:MRCY)
- LivePerson, Inc. (NASDAQ:LPSN)
- SPDR S&P 500 ETF Trust (NYSE:SPY)
- Encompass Health Corp (NYSE:EHC)
- Laboratory Corp. of America Holdings (NYSE:LH)
- TreeHouse Foods Inc. (NYSE:THS)
Jeff Smith’s Starboard Value
Notable Q1 Buys/Increases:
- Humana Inc (NYSE:HUM)
- Mercury Systems Inc (NASDAQ:MRCY)
- Kohl's Corporation (NYSE:KSS)
- LivePerson, Inc. (NASDAQ:LPSN)
- Godaddy Inc (NYSE:GDDY)
Notable Q1 Sells/Reductions:
Warren Buffett’s Berkshire Hathaway
Notable Q1 Buys/Increases:
- Chevron Corporation (NYSE:CVX)
- Occidental Petroleum Corporation (NYSE:OXY)
- Activision Blizzard, Inc. (NASDAQ:ATVI)
- HP Inc (NYSE:HPQ)
- Citigroup Inc (NYSE:C)
- Paramount Global (NASDAQ:PARA)
- Celanese Corporation (NYSE:CE)
- McKesson Corporation (NYSE:MCK)
- Markel Corporation (NYSE:MKL)
- Ally Financial Inc (NYSE:ALLY)
Notable Q1 Sells/Reductions:
- Verizon Communications Inc. (NYSE:VZ)
George Soros’ Soros Fund Management
Notable Q1 Buys/Increases:
- Cerner Corporation (NASDAQ:CERN)
- Zynga Inc (NASDAQ:ZNGA)
- Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)
- Nike Inc (NYSE:NKE)
Notable Q1 Sells/Reductions:
- Liberty Broadband (NASDAQ:LBRDK)
- Activision Blizzard, Inc. (NASDAQ:ATVI)
- Amazon.com, Inc. (NASDAQ:AMZN)
- General Motors Company (NYSE:GM)
Carl Icahn’s Icahn Capital
Notable Q1 Buys/Increases:
- Icahn Enterprises LP (NASDAQ:IEP)
- International Flavors & Fragrances Inc (NYSE:IFF)
- Xerox Holdings Corp (NASDAQ:XRX)
Notable Q1 Sells/Reductions:
- Occidental Petroleum Corporation (NYSE:OXY)
- Cheniere Energy, Inc. (NYSE:LNG)
- Newell Brands Inc (NASDAQ:NWL)
- Delek US Holdings Inc (NYSE:DK)
Bill Ackman’s Pershing Square Capital
Notable Q1 Buys/Increases:
Notable Q1 Sells/Reductions:
- Hilton Hotels Corporation (NYSE:HLT)
- Domino's Pizza, Inc. (NYSE:DPZ)
- Lowe's Companies Inc (NYSE:LOW)
- Restaurant Brands International Inc (NYSE:QSR)
Seth Klarman’s Baupost Group
Notable Q1 Buys/Increases:
- Encompass Health Corp (NYSE:EHC)
- Fiserv Inc (NASDAQ:FISV)
- Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)
- Dropbox Inc (NASDAQ:DBX)
Notable Q1 Sells/Reductions: