Portfolio changes
Activity
Meaningful New / Add / Reduce / Exit moves from each manager’s latest two report periods
(top changes across recently active managers).
Add/Reduce shown when share change is ≥ 5.0% or portfolio weight moves ≥ 0.25 pp.
| Manager |
Period |
Action |
Issuer |
Δ Shares |
Δ Shares % |
Δ Port % |
Filed |
|
Conifer Management, L.L.C.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
LITHIA MTRS INC
|
-188,000
|
-47.0%
|
-11.92 pp
|
5/15/2026
|
|
Dorsey Asset Management, LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
DANAHER CORP DEL
|
-247,280
|
-29.9%
|
-7.71 pp
|
5/15/2026
|
|
ABRAMS BISON INVESTMENTS, LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
HCA HEALTHCARE INC
|
-165,000
|
Exit
|
-5.71 pp
|
5/15/2026
|
|
Giverny Capital Inc.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
BERKSHIRE HATHAWAY INC DEL
|
-127,359
|
-25.2%
|
-1.84 pp
|
5/15/2026
|
|
Giverny Capital Inc.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
AMETEK INC
|
-367,400
|
-37.5%
|
-1.90 pp
|
5/15/2026
|
|
COOPERMAN LEON G
|
2026 Q1 vs 2025 Q4
|
New
|
CAPITAL ONE FINANCIAL CORP
|
+370,000
|
New
|
+2.21 pp
|
5/15/2026
|
|
Brave Warrior Advisors, LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
CAPITAL ONE FINL CORP
|
-4,558
|
-0.5%
|
-1.19 pp
|
5/15/2026
|
|
COOPERMAN LEON G
|
2026 Q1 vs 2025 Q4
|
Add
|
ONEMAIN HOLDINGS INC
|
+1,305,000
|
+186.4%
|
+1.95 pp
|
5/15/2026
|
|
Brave Warrior Advisors, LLC
|
2026 Q1 vs 2025 Q4
|
Add
|
SLM CORP
|
+752,403
|
+5.9%
|
-0.94 pp
|
5/15/2026
|
|
COOPERMAN LEON G
|
2026 Q1 vs 2025 Q4
|
Reduce
|
ELEVANCE HEALTH INC
|
-113,000
|
-33.1%
|
-1.78 pp
|
5/15/2026
|
|
COOPERMAN LEON G
|
2026 Q1 vs 2025 Q4
|
New
|
AMRIZE LTD
|
+880,000
|
New
|
+1.62 pp
|
5/15/2026
|
|
ABRAMS BISON INVESTMENTS, LLC
|
2026 Q1 vs 2025 Q4
|
Add
|
TD SYNNEX CORPORATION
|
+15,357
|
+0.6%
|
-9.39 pp
|
5/15/2026
|
|
ALTAROCK PARTNERS LP
|
2026 Q1 vs 2025 Q4
|
Reduce
|
MASTERCARD INC-CLASS A
|
-19,000
|
-3.5%
|
+0.27 pp
|
5/15/2026
|
|
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
|
2026 Q1 vs 2025 Q4
|
Add
|
UNDER ARMOUR INC
|
+1,041,949
|
+2.5%
|
+3.05 pp
|
5/15/2026
|
|
TRIAN FUND MANAGEMENT, L.P.
|
2026 Q1 vs 2025 Q4
|
Add
|
Wendys Co.
|
+5,704
|
0.0%
|
-0.88 pp
|
5/15/2026
|
|
ABRAMS BISON INVESTMENTS, LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
CAPITAL ONE FINL CORP
|
-54,000
|
-11.3%
|
-5.25 pp
|
5/15/2026
|
|
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
|
2026 Q1 vs 2025 Q4
|
Exit
|
VANGUARD INDEX FUNDS
|
-58,248
|
Exit
|
-1.75 pp
|
5/15/2026
|
|
Giverny Capital Inc.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
HEICO CORP NEW
|
-16,050
|
-2.1%
|
-0.65 pp
|
5/15/2026
|
|
Makaira Partners LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
CHARTER COMMUNICATIONS INC N
|
-164,000
|
Exit
|
-26.77 pp
|
5/15/2026
|
|
Giverny Capital Inc.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
META PLATFORMS INC
|
-5,628
|
-1.8%
|
-0.45 pp
|
5/15/2026
|
|
Conifer Management, L.L.C.
|
2026 Q1 vs 2025 Q4
|
New
|
MONDAY COM LTD
|
+400,000
|
New
|
+5.28 pp
|
5/15/2026
|
|
Conifer Management, L.L.C.
|
2026 Q1 vs 2025 Q4
|
Add
|
GROUP 1 AUTOMOTIVE INC
|
+186,608
|
+32.8%
|
+10.62 pp
|
5/15/2026
|
|
Engaged Capital LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
YETI HLDGS INC
|
-248,600
|
-12.2%
|
-1.39 pp
|
5/15/2026
|
|
Engaged Capital LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
FRESHPET INC
|
-401,130
|
Exit
|
-6.23 pp
|
5/15/2026
|
|
FAIRFAX FINANCIAL HOLDINGS LTD/ CAN
|
2026 Q1 vs 2025 Q4
|
New
|
WENDYS CO
|
+3,268,902
|
New
|
+1.17 pp
|
5/15/2026
|
|
WEDGEWOOD PARTNERS INC
|
2026 Q1 vs 2025 Q4
|
New
|
PROGRESSIVE CORP
|
+83,352
|
New
|
+3.41 pp
|
5/15/2026
|
|
Engaged Capital LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
V F CORP
|
-627,559
|
-11.8%
|
+1.73 pp
|
5/15/2026
|
|
Makaira Partners LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
DOMINOS PIZZA INC
|
-37,000
|
Exit
|
-12.06 pp
|
5/15/2026
|
|
Makaira Partners LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
LAMAR ADVERTISING CO NEW
|
-120,000
|
Exit
|
-11.88 pp
|
5/15/2026
|
|
Makaira Partners LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
BATH & BODY WORKS INC
|
-734,355
|
Exit
|
-11.53 pp
|
5/15/2026
|
|
Makaira Partners LLC
|
2026 Q1 vs 2025 Q4
|
Exit
|
CDW CORP
|
-100,000
|
Exit
|
-10.65 pp
|
5/15/2026
|
|
WEDGEWOOD PARTNERS INC
|
2026 Q1 vs 2025 Q4
|
Exit
|
PAYPAL HLDGS INC
|
-215,900
|
Exit
|
-2.35 pp
|
5/15/2026
|
|
WEDGEWOOD PARTNERS INC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
TAIWAN SEMICONDUCTOR MANUFAC
|
-55,308
|
-30.0%
|
-1.45 pp
|
5/15/2026
|
|
WEDGEWOOD PARTNERS INC
|
2026 Q1 vs 2025 Q4
|
New
|
TOLL BROTHERS INC
|
+88,275
|
New
|
+2.49 pp
|
5/15/2026
|
|
Engaged Capital LLC
|
2026 Q1 vs 2025 Q4
|
Add
|
PORTILLOS INC
|
+1,908,000
|
+124.3%
|
+4.23 pp
|
5/15/2026
|
|
Punch Card Management L.P.
|
2026 Q1 vs 2025 Q4
|
Reduce
|
ISHARES TR
|
-106,000
|
-18.7%
|
-1.77 pp
|
5/15/2026
|
|
WEDGEWOOD PARTNERS INC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
MICROSOFT CORP
|
-3,577
|
-4.6%
|
-1.35 pp
|
5/15/2026
|
|
Engaged Capital LLC
|
2026 Q1 vs 2025 Q4
|
Reduce
|
COGNEX CORP
|
-449,000
|
-48.1%
|
-0.75 pp
|
5/15/2026
|
|
Hillman Capital Management, Inc.
|
2026 Q1 vs 2025 Q4
|
Exit
|
ASML HOLDING N V
|
-5,510
|
Exit
|
-3.71 pp
|
5/15/2026
|
|
Hillman Capital Management, Inc.
|
2026 Q1 vs 2025 Q4
|
Exit
|
ANHEUSER BUSCH INBEV SA/NV
|
-82,631
|
Exit
|
-3.33 pp
|
5/15/2026
|
Activity is derived from processed Form 13F aggregate holdings. Values and portfolio weights use as-filed data ($000).
Open a period link for the full side-by-side comparison.