Buffett, Dalio, Einhorn, Ackman: The Masters Of Wall Street Shuffle Their Stock Decks In Q3

Zinger Key Points
  • Berkshire Hathaway's Q3 focus: Liberty Media, Sirius XM buys; sells Activision, GM.
  • Bridgewater boosts consumer stocks, Dalio and Burry make strategic sector investments.

The latest 13F filings for the third quarter reveal significant moves by prominent hedge funds, including notable buys and sells in their portfolios.

Warren Buffett’s Berkshire Hathaway

Berkshire’s biggest holding remains Apple Inc AAPL. Other key portfolio holdings include Bank of America Corp. BAC, American Express Co. AXP, Coca-Cola Company KO and Chevron Corp. CVX.

For the third quarter this year, Berkshire Hathaway‘s BRK BRK top buys included Liberty Media Corp LSXMA and Sirius XM Holdings Inc SIRI, the firm’s top sells were Activision Blizzard ATVI and General Motors GM.

Ray Dalio’s Bridgewater Associates

Bridgewater Associates increased stakes in major consumer brands. The hedge fund has increased its stake in consumer stocks such as Procter & Gamble Co PGCoca-Cola Co KOCostco Wholesale Corp COSTPepsiCo Inc PEPWalmart Inc WMTMcDonald's Corp MCD and CVS Health Corp CVS.

Bridgewater Associates’ top buys over the third quarter were Schlumberger Ltd SLB and Broadcom Ltd AVGO. Their top sells were Johnson & Johnson Co JNJ and Vanguard Emerging Markets ETF VWO.

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David Einhorn’s Greenlight Capital

Meanwhile, David Einhorn of Greenlight Capital is investing in safe-haven gold via SPDR Gold ETF GLD, and stocks from the material and energy sectors. Material sector stocks and ETFs such as Green Brick Partners Inc GRBKTeck Resources Ltd TECK and Graphic Packaging Holding Co GPK feature among his top holdings. Energy stocks such as CONSOL Energy Inc CEIX and Southwestern Energy Co SWN also found a place among Einhorn’s top holdings in Q3 2023.

Michael Burry’s Scion Asset Management

Michael Burry of the "Big Short" fame and Scion Asset Management founder, recently placed his bets against the semiconductor space. Via a strategy involving the purchase of put options, the hedge fund billionaire placed a $47 million wager against the iShares Semiconductor ETF SOXX. These puts are now Scion’s No. 1 holding.

The asset manager’s second-biggest holding is a similar bet against Booking Holdings Inc. BKNG to the tune of $7.7 million.

Bill Ackman’s Pershing Square Capital

Bill Ackman‘s consumer stocks-leaning portfolio bought more of Alphabet Inc. GOOGL GOOG, Hilton Worldwide Holdings HLT and ETFMG Real Estate Tech ETF HHH. The company sold some of its Lowes Companies, Inc LOW holding.

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Posted In: Hedge FundsBill AckmanDavid EinhornMichael BurryRay DalioWarren Buffett
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