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 2021 was a big quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling to kick off 2021.

• Google parent Alphabet has the attention of fund managers, with Tepper selling and Soros and Klarman buying.
• ViacomCBS had a volatile quarter in part due to the unwinding of Archegos Capital, and fund managers took notice. Tepper and Soros were buying, while Klarman was selling.
• Buffett continued selling financial stocks and drug stocks and reversed course by selling Chevron just one quarter after taking a stake in the oil giant.
• Several fund managers traded ETFs to play particular themes. Despite inflation fears, Einhorn sold the GLD gold fund while Soros reduced his exposure to emerging markets by selling the EEM fund.

Here’s a rundown of how the smart money was playing some of the most popular stocks last quarter.

Related Link: Why Stocks Could Be 'Dead Money' For The Next Few Months

David Einhorn’s Greenlight Capital

Notable Q1 Buys/Increases:

• GoPro Inc GPRO

Notable Q1 Sells/Reductions:

• Green Brick Partners Inc GRBK
• AerCap Holdings N.V. AER
• SPDR Gold Trust GLD
• NCR Corporation NCR
• VanEck Vectors Gold Miners Etf GDX
• Fubotv Inc FUBO
• Dillard's, Inc. DDS

David Tepper’s Appaloosa Management

Notable Q1 Buys/Increases:

• Energy Select Sector SPDR Fund XLE
• Chesapeake Energy Ord Shs CHK
• QUALCOMM, Inc. QCOM
• ViacomCBS Inc. VIAC

Notable Q1 Sells/Reductions:

• PG&E Corporation PCG
• Amazon.com, Inc. AMZN
• Alibaba Group Holding Ltd - ADR BABA
• Facebook, Inc. FB
• Microsoft Corporation MSFT
• Twitter Inc TWTR
• Micron Technology, Inc. MU
• Alphabet, Inc. GOOG GOOGL
• Netflix Inc NFLX

Leon Cooperman’s Omega Advisors

Notable Q1 Buys/Increases:

• Devon Energy Corp DVN
• Athene Holding Ltd ATH
• Alibaba Group Holding Ltd - ADR BABA
• Citigroup Inc C

Notable Q1 Sells/Reductions:

• AMC NETWORKS INC AMCX
• Amazon.com, Inc. AMZN

Barry Rosenstein’s Jana Partners

Notable Q1 Buys/Increases:

• Laboratory Corp. of America Holdings LH
• TreeHouse Foods Inc. THS
• Vonage Holdings Corp. VH

Notable Q1 Sells/Reductions:

• Bloomin' Brands Inc BLMN
• Encompass Health Corp EHC

Jeff Smith’s Starboard Value

Notable Q1 Buys/Increases:

• Elanco Animal Health Inc ELAN
• eHealth, Inc. EHTH
• Box Inc BOX

Notable Q1 Sells/Reductions:

• Advance Auto Parts AAP
• ACI Worldwide Inc ACIW
• Corteva Inc CTVA

Warren Buffett’s Berkshire Hathaway

Notable Q1 Buys/Increases:

• Verizon Communications Inc. VZ
• Aon PLC AON
• Kroger Co KR

Notable Q1 Sells/Reductions:

• Merck & Co., Inc. MRK
• AbbVie Inc ABBV
• Chevron Corporation CVX
• Wells Fargo & Co WFC
• Synchrony Financial SYF
• Liberty Global PLC LBTYA
• StoneCo Ltd STNE
• General Motors Company GM
• Bristol-Myers Squibb Co BMY

George Soros’ Soros Fund Management

Notable Q1 Buys/Increases:

• Amazon.com, Inc. AMZN
• ViacomCBS Inc. VIAC
• Alphabet Inc GOOG GOOGL

Notable Q1 Sells/Reductions:

• Walt Disney Co DIS
• Nike Inc NKE
• Palantir Technologies Inc PLTR
• iShares MSCI Emerging Markets ETF EEM
• Liberty Broadband Corp LBRDK
• Uber Technologies Inc UBER

Carl Icahn’s Icahn Capital

Notable Q1 Buys/Increases:

• Bausch Health Companies Inc BHC
• Dana Inc DAN
• Xerox Holdings Corp XRX
• Tenneco Inc TEN
• FirstEnergy Corp. FE

Notable Q1 Sells/Reductions:

• Herbalife Nutrition Ltd HLF
• Occidental Petroleum Corporation OXY

Bill Ackman’s Pershing Square Capital

Notable Q1 Buys/Increases:

• Domino's Pizza, Inc. DPZ
• Howard Hughes Corp HHC

Notable Q1 Sells/Reductions:

• Starbucks Corporation SBUX
• Restaurant Brands International Inc QSR
• Lowe’s Companies Inc LOW
• Agilent Technologies Inc A
• Hilton Hotels Corporation HLT
• Chipotle Mexican Grill, Inc. CMG

Seth Klarman’s Baupost Group

Notable Q1 Buys/Increases:

• Intel Corporation INTC
• Facebook, Inc. FB
• Willis Towers Watson PLC WLTW
• Alphabet, Inc. GOOG GOOGL

Notable Q1 Sells/Reductions:

• ViacomCBS Inc. VIAC
• Marathon Petroleum Corp MPC
• eBay Inc EBAY
• Fox Corp FOXA