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

Author: Surbhi Jain | November 16, 2023 02:12pm

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 (NASDAQ:AAPL). Other key portfolio holdings include Bank of America Corp. (NYSE:BAC), American Express Co. (NYSE:AXP), Coca-Cola Company (NYSE:KO) and Chevron Corp. (NYSE:CVX).

For the third quarter this year, Berkshire Hathaway‘s (NYSE:BRK) (NYSE:BRK) top buys included Liberty Media Corp (NASDAQ:LSXMA) and Sirius XM Holdings Inc (NASDAQ:SIRI), the firm’s top sells were Activision Blizzard (NASDAQ:ATVI) and General Motors (NYSE: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 (NYSE:PG), Coca-Cola Co (NYSE:KO), Costco Wholesale Corp (NYSE:COST), PepsiCo Inc (NYSE:PEP), Walmart Inc (NYSE:WMT), McDonald's Corp (NYSE:MCD) and CVS Health Corp (NYSE:CVS).

Bridgewater Associates’ top buys over the third quarter were Schlumberger Ltd (NYSE:SLB) and Broadcom Ltd (NASDAQ:AVGO). Their top sells were Johnson & Johnson Co (NYSE:JNJ) and Vanguard Emerging Markets ETF (NYSE: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 (NYSE:GLD), and stocks from the material and energy sectors. Material sector stocks and ETFs such as Green Brick Partners Inc (NYSE:GRBK), Teck Resources Ltd (NYSE:TECK) and Graphic Packaging Holding Co (NYSE:GPK) feature among his top holdings. Energy stocks such as CONSOL Energy Inc (NYSE:CEIX) and Southwestern Energy Co (NYSE: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 (NASDAQ: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. (NASDAQ: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. (NASDAQ:GOOGL) (NASDAQ:GOOG), Hilton Worldwide Holdings (NYSE:HLT) and ETFMG Real Estate Tech ETF (NYSE:HHH). The company sold some of its Lowes Companies, Inc (NYSE:LOW) holding.

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