Q2 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

Q2 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 second quarter of 2021 was another big quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the second half of 2021.

  • Google parent Alphabet has the attention of fund managers, with Tepper selling and Soros buying.
  • Alibaba had a brutal quarter in part due to a regulatory crackdown on big tech stocks in China, and fund managers took notice. Tepper was selling while Cooperman was buying the dip.
  • Buffett continued accumulating Kroger shares while selling off health care investments.
  • Several fund managers traded ETFs to play particular themes. Despite a booming U.S. Market, Cooperman invested in developed markets outside of the U.S. & Canada by buying the EFA ETF, while Smith made big bets on small and mid-cap stocks by buying the IWR and IWM funds.

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

Related Link: The Case For A Stock Market Bubble: 'Speculation Pervading Society'

David Einhorn’s Greenlight Capital

Notable Q2 Buys/Increases:

  • GoPro Inc GPRO
  • Teck Resources Ltd TECK
  • ODP Corp ODP
  • SPDR S&P 500 ETF Trust SPY
  • Expedia Group Inc EXPE

Notable Q2 Sells/Reductions:

  • ADT Inc ADT
  • APi Group Corp APG
  • CNX Resources Corp CNX

David Tepper’s Appaloosa Management

Notable Q2 Buys/Increases:

  • Uber Technologies Inc UBER

Notable Q2 Sells/Reductions:

  • T-Mobile Us Inc TMUS
  • Amazon.com, Inc. AMZN
  • Alibaba Group Holding Ltd - ADR BABA
  • Facebook, Inc. FB
  • Microsoft Corporation MSFT
  • Twitter Inc TWTR
  • Alphabet, Inc. GOOG GOOGL
  • Netflix Inc NFLX
  • Walt Disney Co DIS

Leon Cooperman’s Omega Advisors

Notable Q2 Buys/Increases:

  • Lithia Motors Inc LAD
  • Finance of America Companies Inc FOA
  • Alibaba Group Holding Ltd - ADR BABA
  • Bausch Health Companies Inc BHC
  • Vanguard 500 Index Fund ETF VOO
  • iShares MSCI EAFE ETF EFA

Notable Q2 Sells/Reductions:

  • Ferro Corporation FOE
  • Comcast Corporation CMCSA

Barry Rosenstein’s Jana Partners

Notable Q2 Buys/Increases:

  • Encompass Health Corp EHC
  • Vonage Holdings Corp. VG
  • SPDR S&P 500 ETF Trust SPY
  • CyrusOne Inc CONE
  • Cornerstone OnDemand, Inc. CSOD

Notable Q2 Sells/Reductions:

  • Conagra Brands Inc CAG
  • TreeHouse Foods Inc. THS
  • Laboratory Corp. of America Holdings LH

Jeff Smith’s Starboard Value

Notable Q2 Buys/Increases:

  • Papa John's Int'l, Inc. PZZA
  • ON Semiconductor Corp ON
  • iShares Russell 2000 ETF IWM
  • iShares Russell Mid-Cap ETF IWR

Notable Q2 Sells/Reductions:

  • Aecom ACM
  • NortonLifeLock Inc NLOK
  • Corteva Inc CTVA
  • CommVault Systems, Inc. CVLT

Warren Buffett’s Berkshire Hathaway

Notable Q2 Buys/Increases:

  • Kroger Co KR
  • Organon & Co OGN
  • Notable Q2 Sells/Reductions:
  • Merck & Co., Inc. MRK
  • General Motors Company GM
  • Axalta Coating Systems Ltd AXTA
  • AbbVie Inc (NYSE: ABBV)
  • Chevron Corporation CVX
  • Bristol-Myers Squibb Co BMY
  • Biogen Inc BIIB

George Soros’ Soros Fund Management

Notable Q2 Buys/Increases:

  • Amazon.com, Inc. AMZN
  • Walt Disney Co DIS
  • Airbnb Inc ABNB
  • MGM Resorts International MGM
  • Alphabet Inc GOOG GOOGL

Notable Q2 Sells/Reductions:

  • ViacomCBS Inc. VIAC
  • iShares iBoxx $ Inv Grade Corporate Bond ETF LQD
  • T-Mobile Us Inc TMUS
  • Nike Inc NKE
  • General Motors Company GM

Carl Icahn’s Icahn Capital

Notable Q2 Buys/Increases:

  • Icahn Enterprises LP IEP
  • Xerox Holdings Corp XRX
  • Notable Q2 Sells/Reductions:
  • Herbalife Nutrition Ltd HLF
  • Occidental Petroleum Corporation OXY
  • Tenneco Inc TEN
  • Delek US Holdings Inc DK
  • Welbilt Inc WBT

Bill Ackman’s Pershing Square Capital

Notable Q2 Buys/Increases:

  • Domino's Pizza, Inc. DPZ

Notable Q2 Sells/Reductions:

  • Restaurant Brands International Inc QSR
  • Lowe’s Companies Inc LOW
  • Agilent Technologies Inc A
  • Hilton Hotels Corporation HLT

Seth Klarman’s Baupost Group

Notable Q2 Buys/Increases:

  • Shaw Communications Inc SJR
  • Micron Technology, Inc. MU
  • Facebook, Inc. FB

Notable Q2 Sells/Reductions:

  • eBay Inc EBAY
  • Fox Corp FOXA FOX
  • Intel Corporation INTC
  • Healthpeak Properties Inc PEAK
Posted In: Appaloosa ManagementBarry RosensteinBaupost GroupBerkshire HathawayBill AckmanCarl IcahnDavid EinhornDavid TepperGeorge SorosGreenlight CapitalIcahn CapitalJana PartnersJeff SmithLeon CoopermanOmega AdvisorsPershing Square CapitalSeth KlarmanSoros Fund ManagementStarboard ValueWarren BuffettNewsHedge FundsSmall CapTop StoriesTrading IdeasGeneral