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 third quarter of 2020 was an overall solid quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the holiday shopping season.
Fund managers were dumping FANG stocks in the first quarter with a handful of exceptions. For example, Cooperman bought Alphabet.
PG&E was one stock several fund managers were playing in the quarter. Tepper and Klarman were buying while Soros was selling.
Buffett was aggressively buying health care stocks ahead of Joe Biden’s election victory.
Bank stocks were popular among fund managers in the quarter, with most managers selling rather than buying. Cooperman sold JPMorgan, Buffett sold JPMorgan and Wells Fargo and bought Bank of America, and Soros sold Bank of America, Citigroup, JPMorgan and Wells Fargo.
Several fund managers traded ETFs to play particular themes. Eingorn sold the GDX gold miners ETF and bought the GLD gold ETF. Soros made a big bet on tech stocks by buying the QQQ ETF and dumping the IGSB corporate bond fund.
Here’s a rundown of how the smart money was playing some of the most popular stocks last quarter.
Related Link: Why It's Unlikely Warren Buffett Is Actually Investing In Snowflake
David Einhorn’s Greenlight Capital
Notable Q3 Buys/Increases:
Notable Q3 Sells/Reductions:
David Tepper’s Appaloosa Management
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Leon Cooperman’s Omega Advisors
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Barry Rosenstein’s Jana Partners
Notable Q3 Buys/Increases:
- SPDR S&P 500 ETF Trust (NYSE:SPY)
Notable Q3 Sells/Reductions:
Jeff Smith’s Starboard Value
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Warren Buffett’s Berkshire Hathaway
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George Soros’ Soros Fund Management
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Carl Icahn’s Icahn Capital
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Bill Ackman’s Pershing Square Capital
Notable Q3 Buys/Increases:
(none)
Notable Q3 Sells/Reductions:
- Lowe’s Companies Inc (NYSE:LOW)
- Agilent Technologies Inc (NYSE:A)
- Hilton Hotels Corporation (NYSE:HLT)
Seth Klarman’s Baupost Group
Notable Q3 Buys/Increases:
Notable Q3 Sells/Reductions:
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