What the superinvestors bought and sold in 2025 Q3
2025 Q3
136 of 137 filedThe quarter at a glance
78 of 136 managers were net sellers. Setting price aside, they took $38.2B out, led by Information Technology (−$24.3B), while adding to Consumer Staples (+$1.8B). FISV was the most widely bought stock (11 bought, 1 sold); GOOGL / GOOG the most widely sold (35 sold, 14 bought).
Net buyers
48 of 136 managers
78 sold more than they bought · 10 about even
Net bought
−$38.2B
Price moves taken out; prices alone moved the book +$89.2B.
Positions opened
739
681 closed out. IPOs, spin-offs and mergers left out.
Combined book, last quarter
+6.3%
SPY +7.8%,
1.5 pts behind.
Price only.
Most bought and sold
Ranked by net dollars bought or sold, with price moves taken out. Open a stock to see who.
Most bought
-
1 V Visa Inc. 9 bought · 4 sold +$3.6B
Bought by
- Chris Hohn - Tci Fund Management added 13.4% → 18.2%
- Grant Wonders - Voyager Global Management added 8.1% → 11.0%
- Valueact Capital - Valueact Holdings added 7.9% → 9.0%
- John Armitage - Egerton Capital (UK) added 7.0% → 8.6%
- Vulcan Value Partners added 4.3% → 4.7%
- Eric Mandelblatt - Soroban Capital Partners added 4.8% → 4.4%
- Andreas Halvorsen - Viking Global Investors added 1.7% → 2.6%
- Ram Parameswaran - Octahedron Capital Management opened 2.4% of book
and 1 more
Sold by
- Chuck Akre - Akre Capital Management cut 11.0% → 10.1%
- Ako Capital cut 7.4% → 7.7%
- Polen Capital Management cut 6.1% → 4.8%
- Wallace Weitz - Weitz Investment Management cut 5.7% → 5.0%
-
2 AVGO Broadcom Inc. 8 bought · 12 sold +$2B
Bought by
- Mala Gaonkar - Surgocap Partners opened 6.4% of book
- Polen Capital Management opened 4.8% of book
- Stephen Mandel - Lone Pine Capital opened 3.7% of book
- Brad Gerstner - Altimeter Capital Management opened 3.2% of book
- Chase Coleman - Tiger Global Management added 2.2% → 2.9%
- Dan Sundheim - D1 Capital Partners opened 2.5% of book
- Ben Hoskin - Value Aligned Research Advisors added <0.01% → 1.1%
- Mairs & Power added <0.01% → 0.01%
Sold by
- Situational Awareness closed was 15.5%
- William Von Mueffling - Cantillon Capital Management cut 8.7% → 8.5%
- Glen Kacher - Light Street Capital Management cut 6.9% → 5.5%
- Alex Sacerdote - Whale Rock Capital Management cut 6.3% → 5.6%
- Torray Investment Partners cut 5.9% → 4.2%
- Ryan Packard - Hiddenite Capital Partners cut 3.5% → 2.5%
- Senator Investment Group closed was 1.6%
- Stanley Druckenmiller - Duquesne Family Office closed was 0.58%
and 4 more
-
3 AON Aon PLC 3 bought · 1 sold +$1.7B
Bought by
- Farallon Capital Management added 3.1% → 3.3%
- Andreas Halvorsen - Viking Global Investors opened 1.3% of book
- Dodge & Cox opened 0.67% of book
Sold by
- Polen Capital Management cut 3.0% → 2.9%
-
4 SNPS Synopsys Inc. 9 bought · 3 sold +$1.7B
Bought by
- Philippe Laffont - Coatue Management opened 2.2% of book
- Brad Gerstner - Altimeter Capital Management opened 1.7% of book
- Polen Capital Management opened 1.7% of book
- Dan Sundheim - D1 Capital Partners opened 0.89% of book
- Gavin Baker - Atreides Management opened 0.37% of book
- Glenview Capital Management opened 0.23% of book
- Cathie Wood - Ark Investment Management added 0.10% → 0.15%
- Ron Baron - Bamco Inc. (Baron Capital) opened 0.03% of book
and 1 more
Sold by
- Torray Investment Partners closed was 1.3%
- Davidson Kempner Capital Management cut 0.42% → 0.25%
- Glen Kacher - Light Street Capital Management cut 0.39% → 0.29%
-
5 UNP Union Pac Corp. 8 bought · 4 sold +$1.6B
Bought by
- Seth Klarman - Baupost Group opened 7.4% of book
- Corvex Management opened 5.3% of book
- Lee Ainslie - Maverick Capital opened 3.5% of book
- Senator Investment Group opened 2.8% of book
- Dan Loeb - Third Point opened 2.3% of book
- Eric Mandelblatt - Soroban Capital Partners opened 1.8% of book
- Bill Nygren / Oakmark - Harris Associates L P opened 0.56% of book
- Thomas Gayner - Markel Group added 0.19% → 0.24%
Sold by
- David Katz - Matrix Asset Advisors closed was 1.6%
- Davidson Kempner Capital Management cut 0.46% → 0.38%
- Torray Investment Partners cut 0.04% → 0.03%
- Mairs & Power cut 0.01% → 0.01%
-
6 FISV Fiserv, Inc. 11 bought · 1 sold +$1.6B
Bought by
- Claude Leveille - Courant Investment Management opened 8.7% of book
- Dodge & Cox added 2.9% → 2.7%
- Vulcan Value Partners opened 1.9% of book
- Hillman Capital Management opened 1.7% of book
- David Tepper - Appaloosa opened 1.6% of book
- Norbert Lou - Punch Card Management opened 1.5% of book
- Robert Olstein - Olstein Capital Management added 1.0% → 1.4%
- Bill Nygren / Oakmark - Harris Associates L P added 1.5% → 1.4%
and 3 more
Sold by
- Leon Cooperman - Omega Advisors closed was 2.4%
-
7 AMAT Applied Matls Inc. 9 bought · 3 sold +$1.5B
Bought by
- Abrams Bison - Abrams Bison Investments added 14.9% → 17.2%
- Christopher Davis - Davis Selected Advisers added 4.9% → 5.9%
- Lewis Sanders - Sanders Capital added 1.9% → 2.8%
- Harry Burn - Sound Shore Management added 2.3% → 2.7%
- Philippe Laffont - Coatue Management opened 1.7% of book
- David Katz - Matrix Asset Advisors added 0.95% → 1.4%
- Ben Hoskin - Value Aligned Research Advisors added 0.43% → 0.46%
- Thomas Gayner - Markel Group added 0.03% → 0.04%
and 1 more
Sold by
- Kentucky Trust Co. - Kentucky Trust cut 0.94% → 0.93%
- Torray Investment Partners cut 0.84% → 0.03%
- George Soros - Soros Fund Management cut 0.19% → 0.16%
-
8 CB Chubb Limited 2 bought · 0 sold +$1.2B
Bought by
- Warren Buffett - Berkshire Hathaway added 3.0% → 3.3%
- Robert Olstein - Olstein Capital Management added 0.92% → 1.0%
Sold by
No manager sold.
-
9 PNC Pnc Finl Svcs Group Inc. 2 bought · 2 sold +$1.1B
Bought by
- Andreas Halvorsen - Viking Global Investors added 1.3% → 4.2%
- Tweedy, Browne Co. opened 0.09% of book
Sold by
- Murphy Pohlad - Murphy Pohlad Asset Management cut 1.0% → 0.97%
- Thomas Russo - Gardner Russo & Quinn cut <0.01% → <0.01%
-
10 ELV Elevance Health Inc. Formerly 9 bought · 1 sold +$1.1B
Bought by
- Glenn Greenberg - Brave Warrior Advisors added 9.9% → 13.8%
- Seth Klarman - Baupost Group added 5.8% → 8.9%
- Ruane, Cunniff & Goldfarb added 7.3% → 7.8%
- Leon Cooperman - Omega Advisors added 3.8% → 3.4%
- Vulcan Value Partners added 2.2% → 2.5%
- First Eagle Investment Management added 2.4% → 2.4%
- Arnold Van Den Berg - Van Den Berg Management I added 2.0% → 2.3%
- Bill Nygren / Oakmark - Harris Associates L P added 1.4% → 1.7%
and 1 more
Sold by
- Dan Sundheim - D1 Capital Partners closed was 1.8%
Not counted as buying: 185 IPOs, spin-offs and new listings.
Most sold
-
1 AAPL Apple Inc. 4 bought · 9 sold −$11.1B
Sold by
- Duan Yongping - H&H International Investment cut 62.5% → 60.4%
- Warren Buffett - Berkshire Hathaway cut 22.3% → 22.7%
- Lewis Sanders - Sanders Capital cut 3.6% → 3.4%
- Robert Olstein - Olstein Capital Management cut 1.00% → 0.77%
- Murray Stahl - Horizon Kinetics Asset Management cut 0.02% → 0.02%
- Thomas Russo - Gardner Russo & Quinn cut 0.01% → 0.01%
- Ron Baron - Bamco Inc. (Baron Capital) cut <0.01% → <0.01%
- Sarah Ketterer - Causeway Capital Management cut <0.01% → <0.01%
and 1 more
Bought by
- George Soros - Soros Fund Management added 0.05% → 1.3%
- Glen Kacher - Light Street Capital Management added 0.35% → 0.46%
- Polen Capital Management added <0.01% → 0.01%
- Ruane, Cunniff & Goldfarb opened <0.01% of book
-
2 MSFT Microsoft Corp. 13 bought · 25 sold −$9.6B
Sold by
- Robert Karr - Joho Capital cut 39.0% → 37.6%
- Gates Foundation Trust cut 27.3% → 13.0%
- Triple Frond Partners cut 21.2% → 21.7%
- Chris Hohn - Tci Fund Management cut 17.2% → 16.3%
- Vulcan Value Partners cut 11.0% → 11.1%
- Terry Smith - Fundsmith cut 10.7% → 6.8%
- Mairs & Power cut 9.8% → 9.3%
- Jensen Investment Management cut 9.1% → 9.8%
and 17 more
Bought by
- Eric Mandelblatt - Soroban Capital Partners added 19.0% → 15.6%
- Grant Wonders - Voyager Global Management added 8.0% → 12.1%
- Brad Gerstner - Altimeter Capital Management added 7.6% → 7.9%
- Lee Ainslie - Maverick Capital added 5.6% → 6.5%
- Dan Loeb - Third Point added 2.6% → 6.3%
- Philippe Laffont - Coatue Management added 5.4% → 5.9%
- Wallace Weitz - Weitz Investment Management added 3.5% → 4.3%
- Farallon Capital Management added 3.8% → 4.1%
and 5 more
-
3 META Meta Platforms Inc. 18 bought · 18 sold −$4.9B
Sold by
- Robert Vinall - Rv Capital AG cut 19.5% → 18.8%
- Chase Coleman - Tiger Global Management cut 16.3% → 6.4%
- Pat Dorsey - Dorsey Asset Management cut 16.2% → 12.7%
- Triple Frond Partners cut 12.0% → 8.1%
- Terry Smith - Fundsmith cut 11.4% → 5.8%
- Lewis Sanders - Sanders Capital cut 10.1% → 8.6%
- Stephen Mandel - Lone Pine Capital cut 8.7% → 7.1%
- Christopher Davis - Davis Selected Advisers cut 8.3% → 6.6%
and 10 more
Bought by
- Valueact Capital - Valueact Holdings added 8.2% → 9.5%
- David Rolfe - Wedgewood Partners added 10.3% → 9.5%
- Nehal Chopra - Ratan Capital Management added 7.3% → 8.5%
- Philippe Laffont - Coatue Management added 7.6% → 7.3%
- Alex Sacerdote - Whale Rock Capital Management added 6.4% → 6.3%
- Grant Wonders - Voyager Global Management added 1.3% → 5.4%
- Mala Gaonkar - Surgocap Partners added 5.5% → 4.3%
- Eric Mandelblatt - Soroban Capital Partners added 4.1% → 4.0%
and 10 more
-
4 BAC Bank Amer Corp. 3 bought · 9 sold −$3.4B
Sold by
- Warren Buffett - Berkshire Hathaway cut 11.1% → 11.0%
- Dan Sundheim - D1 Capital Partners cut 5.2% → 3.3%
- Andreas Halvorsen - Viking Global Investors cut 4.3% → 1.5%
- Harry Burn - Sound Shore Management cut 3.4% → 3.2%
- Bill Nygren / Oakmark - Harris Associates L P cut 2.3% → 2.2%
- Francois Rochon - Giverny Capital closed was 1.6%
- Dodge & Cox cut 0.47% → 0.43%
- Kahn Brothers Group cut 0.11% → 0.11%
and 1 more
Bought by
- Stanley Druckenmiller - Duquesne Family Office added 0.40% → 1.3%
- John Rogers - Ariel Investments added 0.26% → 0.30%
- Mairs & Power added <0.01% → 0.01%
-
5 C Citigroup Inc. 0 bought · 8 sold −$3.3B
Sold by
- Greenhaven Associates cut 20.5% → 0.13%
- First Pacific Advisors cut 6.4% → 5.3%
- Harry Burn - Sound Shore Management cut 4.1% → 3.3%
- Richard Pzena - Pzena Investment Management cut 3.8% → 4.1%
- Bill Nygren / Oakmark - Harris Associates L P cut 2.2% → 2.2%
- Sarah Ketterer - Causeway Capital Management cut 1.7% → 1.3%
- Stanley Druckenmiller - Duquesne Family Office cut 1.4% → 1.3%
- Lewis Sanders - Sanders Capital cut 1.3% → 0.12%
Bought by
No manager bought.
-
6 SPY Spdr S&P 500 ETF Tr 7 bought · 5 sold −$3B
Sold by
- Jana Partners Management cut 15.9% → 12.5%
- Farallon Capital Management closed was 14.7%
- Chris James - Meritage Group closed was 1.8%
- Bill Nygren / Oakmark - Harris Associates L P cut <0.01% → <0.01%
- Cathie Wood - Ark Investment Management closed was <0.01%
Bought by
- Senator Investment Group added 2.5% → 2.8%
- Lewis Sanders - Sanders Capital added 0.46% → 1.4%
- George Soros - Soros Fund Management added 0.37% → 0.93%
- Don Yacktman - Yacktman Asset Management added 0.03% → 0.04%
- Davidson Kempner Capital Management added 0.02% → 0.03%
- Samantha Mclemore - Patient Capital Management opened 0.01% of book
- Vulcan Value Partners opened <0.01% of book
-
7 TSM Taiwan Semiconductor Mfg Ltd 12 bought · 10 sold −$1.6B
Sold by
- Glen Kacher - Light Street Capital Management cut 16.6% → 13.6%
- Grant Wonders - Voyager Global Management cut 11.8% → 9.6%
- Lewis Sanders - Sanders Capital cut 11.6% → 11.1%
- David Rolfe - Wedgewood Partners cut 9.2% → 9.6%
- Lee Ainslie - Maverick Capital cut 6.0% → 3.8%
- Stephen Mandel - Lone Pine Capital cut 5.5% → 6.2%
- Dan Loeb - Third Point cut 4.3% → 3.4%
- Andreas Halvorsen - Viking Global Investors cut 2.8% → 2.9%
and 2 more
Bought by
- Mala Gaonkar - Surgocap Partners opened 10.0% of book
- Brad Gerstner - Altimeter Capital Management added 2.8% → 3.9%
- Francois Rochon - Giverny Capital added 0.09% → 3.9%
- Alex Sacerdote - Whale Rock Capital Management added 1.9% → 2.4%
- Mairs & Power added 1.00% → 1.3%
- Cathie Wood - Ark Investment Management added 1.2% → 1.2%
- George Soros - Soros Fund Management added 0.36% → 0.54%
- Spencer Waxman - Shannon River Fund Management opened 0.39% of book
and 4 more
-
8 LLY Eli Lilly & Co. 1 bought · 7 sold −$1.6B
Sold by
- Polen Capital Management cut 4.2% → 4.0%
- Chase Coleman - Tiger Global Management closed was 3.5%
- Stanley Druckenmiller - Duquesne Family Office closed was 1.9%
- Andreas Halvorsen - Viking Global Investors closed was 0.94%
- Lee Ainslie - Maverick Capital closed was 0.69%
- Philippe Laffont - Coatue Management closed was 0.25%
- Ron Baron - Bamco Inc. (Baron Capital) cut 0.21% → 0.17%
Bought by
- Jensen Investment Management added 1.9% → 4.4%
-
9 GE Ge Aerospace 1 bought · 6 sold −$1.5B
Sold by
- Ako Capital cut 6.7% → 5.6%
- John Armitage - Egerton Capital (UK) closed was 3.3%
- Senator Investment Group cut 2.3% → 1.9%
- Dodge & Cox cut 1.3% → 1.0%
- Hillman Capital Management cut 0.21% → 0.23%
- Cathie Wood - Ark Investment Management cut <0.01% → <0.01%
Bought by
- Richard Pzena - Pzena Investment Management opened <0.01% of book
-
10 ORCL Oracle Corp. 4 bought · 11 sold −$1.3B
Sold by
- Polen Capital Management cut 8.0% → 8.5%
- First Eagle Investment Management cut 4.8% → 4.5%
- Wallace Weitz - Weitz Investment Management cut 2.0% → 1.1%
- Sarah Ketterer - Causeway Capital Management cut 0.96% → 0.62%
- David Tepper - Appaloosa closed was 0.51%
- Bill Nygren / Oakmark - Harris Associates L P cut 0.36% → 0.36%
- Don Yacktman - Yacktman Asset Management closed was 0.31%
- Kentucky Trust Co. - Kentucky Trust cut 0.30% → 0.34%
and 3 more
Bought by
- Philippe Laffont - Coatue Management added 2.3% → 3.3%
- Corvex Management added 0.92% → 3.3%
- Davidson Kempner Capital Management opened 0.24% of book
- Mairs & Power added 0.03% → 0.05%
Not counted as selling: 168 mergers and delistings.
Ranked by dollars, single large books set the order: 2 of these 20 names were traded by one or two managers.
Opened and closed
New positions started from zero, and positions sold down to zero. IPOs, spin-offs and mergers are left out.
Opened by the most managers
-
SNPS Synopsys Inc. 8 managers avg 0.89% of book · Philippe Laffont - Coatue Management, Brad Gerstner - Altimeter Capital Management and 6 more
Opened by
- Philippe Laffont - Coatue Management opened 2.2% of book
- Brad Gerstner - Altimeter Capital Management opened 1.7% of book
- Polen Capital Management opened 1.7% of book
- Dan Sundheim - D1 Capital Partners opened 0.89% of book
- Gavin Baker - Atreides Management opened 0.37% of book
- Glenview Capital Management opened 0.23% of book
- Ron Baron - Bamco Inc. (Baron Capital) opened 0.03% of book
- Christopher Davis - Davis Selected Advisers opened 0.02% of book
-
UNP Union Pac Corp. 7 managers avg 3.4% of book · Seth Klarman - Baupost Group, Corvex Management and 5 more
Opened by
- Seth Klarman - Baupost Group opened 7.4% of book
- Corvex Management opened 5.3% of book
- Lee Ainslie - Maverick Capital opened 3.5% of book
- Senator Investment Group opened 2.8% of book
- Dan Loeb - Third Point opened 2.3% of book
- Eric Mandelblatt - Soroban Capital Partners opened 1.8% of book
- Bill Nygren / Oakmark - Harris Associates L P opened 0.56% of book
-
KLAC Klarna Group PLC 7 managers avg 1.1% of book · Marc Stad - Dragoneer Investment Group, Ben Jacobs - Anomaly Capital Management and 5 more
Opened by
- Marc Stad - Dragoneer Investment Group opened 6.7% of book
- Ben Jacobs - Anomaly Capital Management opened 0.66% of book
- Cathie Wood - Ark Investment Management opened 0.10% of book
- George Soros - Soros Fund Management opened 0.08% of book
- Davidson Kempner Capital Management opened 0.08% of book
- Philippe Laffont - Coatue Management opened 0.03% of book
- Chase Coleman - Tiger Global Management opened 0.02% of book
-
UNH Unitedhealth Group, Inc. 7 managers avg 0.28% of book · Hillman Capital Management, Sarah Ketterer - Causeway Capital Management and 5 more
Opened by
- Hillman Capital Management opened 1.6% of book
- Sarah Ketterer - Causeway Capital Management opened 0.29% of book
- David Katz - Matrix Asset Advisors opened 0.02% of book
- Steven Check - Check Capital Management opened <0.01% of book
- Murray Stahl - Horizon Kinetics Asset Management opened <0.01% of book
- Ron Baron - Bamco Inc. (Baron Capital) opened <0.01% of book
- Bill Nygren / Oakmark - Harris Associates L P opened <0.01% of book
-
GOOGL / GOOG Alphabet 6 managers avg 2.9% of book · Mala Gaonkar - Surgocap Partners, Glen Kacher - Light Street Capital Management and 4 more
Opened by
- Mala Gaonkar - Surgocap Partners opened 6.0% of book
- Glen Kacher - Light Street Capital Management opened 5.0% of book
- Alex Sacerdote - Whale Rock Capital Management opened 3.4% of book
- Warren Buffett - Berkshire Hathaway opened 1.6% of book
- Brad Gerstner - Altimeter Capital Management opened 1.0% of book
- Stanley Druckenmiller - Duquesne Family Office opened 0.61% of book
-
FISV Fiserv, Inc. 6 managers avg 2.6% of book · Claude Leveille - Courant Investment Management, Vulcan Value Partners and 4 more
Opened by
- Claude Leveille - Courant Investment Management opened 8.7% of book
- Vulcan Value Partners opened 1.9% of book
- Hillman Capital Management opened 1.7% of book
- David Tepper - Appaloosa opened 1.6% of book
- Norbert Lou - Punch Card Management opened 1.5% of book
- Murphy Pohlad - Murphy Pohlad Asset Management opened 0.31% of book
-
MDB Mongodb Inc. 6 managers avg 0.84% of book · Glen Kacher - Light Street Capital Management, Lee Ainslie - Maverick Capital and 4 more
Opened by
- Glen Kacher - Light Street Capital Management opened 3.6% of book
- Lee Ainslie - Maverick Capital opened 0.57% of book
- Chase Coleman - Tiger Global Management opened 0.33% of book
- Davidson Kempner Capital Management opened 0.26% of book
- George Soros - Soros Fund Management opened 0.16% of book
- Stanley Druckenmiller - Duquesne Family Office opened 0.14% of book
-
AVGO Broadcom Inc. 5 managers avg 4.1% of book · Mala Gaonkar - Surgocap Partners, Polen Capital Management and 3 more
Opened by
- Mala Gaonkar - Surgocap Partners opened 6.4% of book
- Polen Capital Management opened 4.8% of book
- Stephen Mandel - Lone Pine Capital opened 3.7% of book
- Brad Gerstner - Altimeter Capital Management opened 3.2% of book
- Dan Sundheim - D1 Capital Partners opened 2.5% of book
-
MELI Mercadolibre Inc. 5 managers avg 1.9% of book · Marc Stad - Dragoneer Investment Group, Dan Sundheim - D1 Capital Partners and 3 more
Opened by
- Marc Stad - Dragoneer Investment Group opened 5.3% of book
- Dan Sundheim - D1 Capital Partners opened 3.5% of book
- Wallace Weitz - Weitz Investment Management opened 0.47% of book
- Davidson Kempner Capital Management opened 0.29% of book
- Dodge & Cox opened <0.01% of book
-
BABA Alibaba Group Holding, Ltd. 5 managers avg 1.5% of book · Glen Kacher - Light Street Capital Management, Brad Gerstner - Altimeter Capital Management and 3 more
Opened by
- Glen Kacher - Light Street Capital Management opened 3.2% of book
- Brad Gerstner - Altimeter Capital Management opened 2.3% of book
- Ben Jacobs - Anomaly Capital Management opened 1.7% of book
- Cathie Wood - Ark Investment Management opened 0.22% of book
- Polen Capital Management opened <0.01% of book
Closed out by the most managers
-
INTU Intuit 5 managers was avg 2.7% of book · Mala Gaonkar - Surgocap Partners, Stephen Mandel - Lone Pine Capital and 3 more
Closed by
- Mala Gaonkar - Surgocap Partners closed was 8.0%
- Stephen Mandel - Lone Pine Capital closed was 4.3%
- Alex Sacerdote - Whale Rock Capital Management closed was 0.95%
- Thomas Gayner - Markel Group closed was 0.02%
- Bill Nygren / Oakmark - Harris Associates L P closed was <0.01%
-
LLY Eli Lilly & Co. 5 managers was avg 1.5% of book · Chase Coleman - Tiger Global Management, Stanley Druckenmiller - Duquesne Family Office and 3 more
Closed by
- Chase Coleman - Tiger Global Management closed was 3.5%
- Stanley Druckenmiller - Duquesne Family Office closed was 1.9%
- Andreas Halvorsen - Viking Global Investors closed was 0.94%
- Lee Ainslie - Maverick Capital closed was 0.69%
- Philippe Laffont - Coatue Management closed was 0.25%
-
AVGO Broadcom Inc. 4 managers was avg 4.5% of book · Situational Awareness, Senator Investment Group and 2 more
Closed by
- Situational Awareness closed was 15.5%
- Senator Investment Group closed was 1.6%
- Stanley Druckenmiller - Duquesne Family Office closed was 0.58%
- Davidson Kempner Capital Management closed was 0.34%
-
LBRDA Liberty Broadband Corp. 4 managers was avg 1.2% of book · Seth Klarman - Baupost Group, George Soros - Soros Fund Management and 2 more
Closed by
- Seth Klarman - Baupost Group closed was 1.8%
- George Soros - Soros Fund Management closed was 1.8%
- Paul Singer - Elliott Investment Management closed was 1.3%
- Lee Ainslie - Maverick Capital closed was 0.01%
-
SU Suncor Energy Inc. New 4 managers was avg 1.2% of book · Lyrical Asset Management, Steven Check - Check Capital Management and 2 more
Closed by
- Lyrical Asset Management closed was 3.4%
- Steven Check - Check Capital Management closed was 1.1%
- Lewis Sanders - Sanders Capital closed was 0.20%
- Lee Ainslie - Maverick Capital closed was <0.01%
-
SPY Spdr S&P 500 ETF Tr 3 managers was avg 5.5% of book · Farallon Capital Management, Chris James - Meritage Group and 1 more
Closed by
- Farallon Capital Management closed was 14.7%
- Chris James - Meritage Group closed was 1.8%
- Cathie Wood - Ark Investment Management closed was <0.01%
-
FLUT Flutter Entmt PLC 3 managers was avg 5.0% of book · Marc Stad - Dragoneer Investment Group, Ben Jacobs - Anomaly Capital Management and 1 more
Closed by
- Marc Stad - Dragoneer Investment Group closed was 9.8%
- Ben Jacobs - Anomaly Capital Management closed was 3.3%
- Andreas Halvorsen - Viking Global Investors closed was 1.9%
-
BLDR Builders Firstsource Inc. 3 managers was avg 2.5% of book · Alex Roepers - Atlantic Investment Management, John Armitage - Egerton Capital (UK) and 1 more
Closed by
- Alex Roepers - Atlantic Investment Management closed was 7.1%
- John Armitage - Egerton Capital (UK) closed was 0.31%
- Stanley Druckenmiller - Duquesne Family Office closed was 0.24%
-
UNH Unitedhealth Group, Inc. 3 managers was avg 1.6% of book · Stephen Mandel - Lone Pine Capital, Lee Ainslie - Maverick Capital and 1 more
Closed by
- Stephen Mandel - Lone Pine Capital closed was 3.8%
- Lee Ainslie - Maverick Capital closed was 1.1%
- Glenn Greenberg - Brave Warrior Advisors closed was 0.01%
-
AMZN Amazon.com, Inc. 3 managers was avg 1.5% of book · Andreas Halvorsen - Viking Global Investors, Dan Sundheim - D1 Capital Partners and 1 more
Closed by
- Andreas Halvorsen - Viking Global Investors closed was 2.5%
- Dan Sundheim - D1 Capital Partners closed was 2.1%
- Francois Rochon - Giverny Capital closed was <0.01%
Where the money went
Net bought by sector, with price moves taken out. Pick a sector to see its names.
- Consumer Staples 5.2% weight · −0.5 pts +$1.8B 25 bought · 15 sold
- Energy 5.4% weight · +0.3 pts +$921M 17 bought · 15 sold
- Materials 2.4% weight · +0.2 pts +$565M 18 bought · 17 sold
- Consumer Discretionary 10.3% weight · +0.4 pts −$358M 45 bought · 40 sold
- Real Estate 1.8% weight · −0.1 pts −$619M 10 bought · 16 sold
- Utilities 1.1% weight · −0.1 pts −$1.5B 9 bought · 14 sold
- Industrials 10.6% weight · +0.1 pts −$1.8B 33 bought · 46 sold
- Health Care 10.3% weight · −0.1 pts −$2B 43 bought · 24 sold
- Financials 22.4% weight · −0.4 pts −$3.5B 32 bought · 58 sold
- Communication Services 9.0% weight · +0.3 pts −$4.1B 25 bought · 51 sold
- Information Technology 21.6% weight · −0.1 pts −$24.3B 40 bought · 58 sold
Consumer Staples lost weight (−0.5 pts) even though managers bought $1.8B of it: weight follows price, not buying. Names without a sector (funds, foreign listings, private shares): −$2.8B.
Who moved the most
The biggest new positions, measured against each manager’s own book, and the managers that traded the most of theirs.
Biggest new bets
- Mohnish Pabrai - Dalal Street opened RIG · Transocean Ltd 22.6% of book
- Situational Awareness opened CRWV · Coreweave Inc. 13.6% of book
- Alex Roepers - Atlantic Investment Management opened AXTA · Axalta Coating Sys Ltd 12.6% of book
- Robert Karr - Joho Capital opened AMZN · Amazon.com, Inc. 10.3% of book
- Mala Gaonkar - Surgocap Partners opened TSM · Taiwan Semiconductor Mfg Ltd 10.0% of book
- Sachem Head Capital Management opened PFGC · Performance Food Group Co. 9.8% of book
Most active managers
- Nehal Chopra - Ratan Capital Management 3 opened · 6 closed · −$88M net 91% of book traded
- David Witzke - Avidity Partners Management 11 opened · 21 closed · −$149M net 91% of book traded
- Glen Kacher - Light Street Capital Management 7 opened · 6 closed · +$39M net 85% of book traded
- Situational Awareness 13 opened · 2 closed · +$649M net 83% of book traded
- Sachem Head Capital Management 5 opened · 5 closed · +$6M net 76% of book traded
- Alex Roepers - Atlantic Investment Management 4 opened · 5 closed · −$62M net 75% of book traded
What they hold
Most owned counts managers, with the change since last quarter. Largest is the share of the combined book, by dollars, so the biggest books lead it. Highest conviction is the average position among holders, three or more.
Most owned
- 1 GOOGL / GOOG Alphabet 70 managers +3
- 2 MSFT Microsoft Corp. 63 managers no change
- 3 AMZN Amazon.com, Inc. 53 managers no change
- 4 META Meta Platforms Inc. 52 managers +2
- 5 TSM Taiwan Semiconductor Mfg Ltd 43 managers +4
- 6 NVDA Nvidia Corporation 37 managers +2
- 7 V Visa Inc. 35 managers +1
- 8 BRK.B / BRK.A Berkshire Hathaway 35 managers −1
- 9 UNH Unitedhealth Group, Inc. 32 managers +4
- 10 DIS Disney Walt Co. 32 managers +4
Largest
- 1 AAPL Apple Inc. 4.9% held by 31
- 2 AXP American Express Co. 3.4% held by 18
- 3 MSFT Microsoft Corp. 3.3% held by 63
- 4 GOOGL / GOOG Alphabet 3.3% held by 70
- 5 BAC Bank Amer Corp. 2.4% held by 25
- 6 AMZN Amazon.com, Inc. 2.1% held by 53
- 7 META Meta Platforms Inc. 1.9% held by 52
- 8 KO Coca Cola Co. 1.8% held by 13
- 9 V Visa Inc. 1.6% held by 35
- 10 TSM Taiwan Semiconductor Mfg Ltd 1.5% held by 43
Highest conviction
- 1 HHH Howard Hughes Holdings Inc. avg 20.4% held by 5
- 2 CVNA Carvana Co. avg 13.1% held by 15
- 3 SNX Td Synnex Corporation avg 11.7% held by 5
- 4 EQH Equitable Hldgs Inc. avg 11.5% held by 3
- 5 MDGL Madrigal Pharmaceuticals Inc. avg 9.8% held by 3
- 6 BRK.B / BRK.A Berkshire Hathaway avg 9.1% held by 35
- 7 IBKR Interactive Brokers Group In avg 8.7% held by 6
- 8 TDG Transdigm Group Inc. avg 8.3% held by 7
- 9 RIG Transocean Ltd avg 7.6% held by 3
- 10 VFC Vf Corp. avg 7.6% held by 3
Did the combined book beat SPY?
Each quarter’s combined book held to the next quarter-end, at the 13Fs’ own prices. Price only, no dividends, and today’s managers throughout. Nobody could have copied it: 13Fs arrive about 45 days after the quarter ends.
Combined book, 8 quarters
+33.3%
SPY
+37.2%
Difference
−3.9 pts
2024 Q2, the start
+0.0% Combined book
+0.0% SPY
2024 Q3, since 2024 Q2
+6.9% Combined book
+5.4% SPY
That quarter: book +6.9%, SPY +5.4%
2024 Q4, since 2024 Q2
+8.1% Combined book
+7.7% SPY
That quarter: book +1.1%, SPY +2.1%
2025 Q1, since 2024 Q2
+6.0% Combined book
+2.8% SPY
That quarter: book −2.0%, SPY −4.6%
2025 Q2, since 2024 Q2
+14.5% Combined book
+13.5% SPY
That quarter: book +8.0%, SPY +10.5%
2025 Q3, since 2024 Q2
+21.7% Combined book
+22.4% SPY
That quarter: book +6.3%, SPY +7.8%
2025 Q4, since 2024 Q2
+24.9% Combined book
+25.3% SPY
That quarter: book +2.6%, SPY +2.4%
2026 Q1, since 2024 Q2
+19.6% Combined book
+19.5% SPY
That quarter: book −4.2%, SPY −4.6%
2026 Q2, since 2024 Q2
+33.3% Combined book
+37.2% SPY
That quarter: book +11.5%, SPY +14.8%
Quarter by quarter
| Quarter | Each manager once | By dollars | SPY | Book − SPY | Managers |
|---|---|---|---|---|---|
| 2026 Q2 | +14.5% | +11.5% | +14.8% | −3.4 pts | 133 |
| 2026 Q1 | −4.4% | −4.2% | −4.6% | +0.4 pts | 136 |
| 2025 Q4 | +2.1% | +2.6% | +2.4% | +0.2 pts | 136 |
| 2025 Q3 | +9.1% | +6.3% | +7.8% | −1.5 pts | 136 |
| 2025 Q2 | +11.6% | +8.0% | +10.5% | −2.4 pts | 136 |
| 2025 Q1 | −3.8% | −2.0% | −4.6% | +2.6 pts | 136 |
| 2024 Q4 | +2.6% | +1.1% | +2.1% | −1.0 pts | 134 |
| 2024 Q3 | +7.5% | +6.9% | +5.4% | +1.5 pts | 133 |
All 2,507 names
Download CSV114 matching names.
| Ticker | Company | Sector | Held by | Weight, $ | Net bought | Bought / sold | Opened / closed |
|---|---|---|---|---|---|---|---|
| XOM | Exxon Mobil Corp. | Energy | 15 −1 | 0.07% | +$550K | 2 / 6 | 1 / 2 |
| CVX | Chevron Corp. New | Energy | 14 +1 | 1.3% | +$7M | 3 / 2 | 1 / 0 |
| OXY | Occidental Pete Corp. | Energy | 11 +1 | 1.2% | −$2M | 1 / 1 | 1 / 0 |
| COP | Conocophillips | Energy | 10 | 0.21% | −$137M | 1 / 2 | 0 / 0 |
| SLB | Schlumberger Ltd | Energy | 10 +1 | 0.09% | −$71M | 2 / 2 | 1 / 0 |
| PSX | Phillips 66 | Energy | 9 +2 | 0.30% | +$27M | 2 / 0 | 2 / 0 |
| EQT | Eqt Corp. | Energy | 8 −1 | 0.05% | +$75M | 3 / 3 | 0 / 1 |
| ET | Energy Transfer LP | Energy | 7 −1 | 0.03% | +$13M | 2 / 3 | 1 / 2 |
| SHEL | Shell PLC | Energy | 6 | 0.02% | −$17M | 1 / 1 | 0 / 0 |
| NOV | Nov Inc. | Energy | 5 | 0.08% | +$19M | 3 / 0 | 0 / 0 |
| EOG | Eog Res Inc. | Energy | 5 | 0.04% | −$15M | 1 / 1 | 0 / 0 |
| BE | Bloom Energy Corp. | Energy | 5 +1 | 0.04% | +$279M | 3 / 1 | 1 / 0 |
| APA | Apa Corporation | Energy | 5 | 0.04% | −$39M | 0 / 2 | 0 / 0 |
| BP | Bp PLC | Energy | 5 +1 | <0.01% | −$3M | 1 / 2 | 1 / 0 |
| DVN | Devon Energy Corp. | Energy | 5 | <0.01% | −$4M | 2 / 1 | 0 / 0 |
| SU | Suncor Energy Inc. New | Energy | 4 −4 | 0.22% | −$394M | 0 / 5 | 0 / 4 |
| MPC | Marathon Pete Corp. | Energy | 4 +1 | 0.05% | −$23M | 1 / 0 | 1 / 0 |
| CTRA | Coterra Energy, Inc. | Energy | 4 | 0.04% | +$246M | 1 / 0 | 0 / 0 |
| NE | Noble Corp. PLC | Energy | 4 | 0.03% | −$31M | 2 / 1 | 0 / 0 |
| SDRL | Seadrill Ltd | Energy | 4 −1 | 0.02% | −$2M | 0 / 2 | 0 / 1 |
| KMI | Kinder Morgan Inc. Del | Energy | 4 −2 | 0.01% | −$28M | 0 / 3 | 0 / 2 |
| SEI | Solaris Energy Infras Inc. | Energy | 4 +3 | <0.01% | +$65M | 3 / 1 | 3 / 0 |
| HAL | Halliburton Co. | Energy | 3 | 0.05% | +$94M | 2 / 1 | 0 / 0 |
| EXE | Expand Energy Corp. | Energy | 3 | 0.04% | −$94K | 1 / 1 | 0 / 0 |
| CNR | Core Natural Resources Inc. | Energy | 3 −1 | 0.01% | −$360K | 1 / 1 | 0 / 1 |
| FANG | Diamondback Energy Inc. | Energy | 3 | 0.01% | −$5M | 0 / 0 | 0 / 0 |
| FTI | Technipfmc PLC | Energy | 3 −1 | <0.01% | +$4M | 0 / 2 | 0 / 1 |
| WMB | The Williams Co., Inc. | Energy | 3 | <0.01% | −$3M | 0 / 1 | 0 / 0 |
| RIG | Transocean Ltd | Energy | 3 | <0.01% | +$73M | 1 / 1 | 1 / 1 |
| TDW | Tidewater Inc. | Energy | 3 | <0.01% | +$361K | 1 / 0 | 0 / 0 |
| AM | Antero Midstream Corp. | Energy | 3 | <0.01% | −$631K | 0 / 0 | 0 / 0 |
| METC | Ramaco Res Inc. | Energy | 3 +2 | <0.01% | +$32M | 3 / 0 | 2 / 0 |
| HP | Helmerich & Payne Inc. | Energy | 3 | <0.01% | +$5M | 2 / 0 | 0 / 0 |
| DINO | Hf Sinclair Corp. | Energy | 3 −1 | <0.01% | −$91M | 1 / 2 | 0 / 1 |
| TTE | Totalenergies Se Adr | Energy | 3 | <0.01% | −$58K | 0 / 0 | 0 / 0 |
| ARLP | Alliance Resource Partners L | Energy | 3 | <0.01% | +$546K | 1 / 0 | 0 / 0 |
| ENB | Enbridge | Energy | 3 −1 | <0.01% | −$743K | 0 / 2 | 0 / 1 |
| BSM | Black Stone Minerals L P | Energy | 3 | <0.01% | −$1M | 2 / 1 | 0 / 0 |
| BKR | Baker Hughes Co. | Energy | 2 | 0.14% | −$26M | 0 / 0 | 0 / 0 |
| IMO | Imperial Oil Ltd | Energy | 2 | 0.12% | −$31M | 0 / 0 | 0 / 0 |
| VNOM | Viper Energy Inc. IPO or spin-off | Energy | 2 +2 | 0.02% | +$306M | 2 / 0 | 2 / 0 |
| MPLX | Mplx LP | Energy | 2 −1 | 0.02% | +$7M | 0 / 2 | 0 / 1 |
| WBI | Waterbridge Infrastructure L IPO or spin-off | Energy | 2 +2 | 0.01% | +$162M | 2 / 0 | 2 / 0 |
| CNX | Cnx Res Corp. | Energy | 2 | 0.01% | +$9M | 1 / 1 | 0 / 0 |
| BTU | Peabody Energy Corp. | Energy | 2 +1 | <0.01% | +$120M | 2 / 0 | 1 / 0 |
| LNG | Cheniere Energy Inc. | Energy | 2 −1 | <0.01% | −$16M | 0 / 1 | 0 / 1 |
| WFRD | Weatherford Intl PLC | Energy | 2 −1 | <0.01% | −$20M | 0 / 2 | 0 / 1 |
| VAL | Valaris Ltd | Energy | 2 −1 | <0.01% | −$46M | 0 / 2 | 0 / 1 |
| VIST | Vista Energy Sab De Cv | Energy | 2 | <0.01% | −$802K | 1 / 1 | 0 / 0 |
| SD | Sandridge Energy, Inc. | Energy | 2 | <0.01% | +$580K | 0 / 0 | 0 / 0 |
| NBR | Nabors Industries Ltd | Energy | 2 +1 | <0.01% | +$32M | 2 / 0 | 1 / 0 |
| VLO | Valero Energy Corp. | Energy | 2 | <0.01% | +$140K | 0 / 0 | 0 / 0 |
| PBF | Pbf Energy Inc. | Energy | 2 | <0.01% | +$1M | 1 / 0 | 0 / 0 |
| NRP | Natural Resource Partners L | Energy | 2 | <0.01% | +$2M | 2 / 0 | 0 / 0 |
| EQNR | Equinor Asa | Energy | 2 | <0.01% | +$2M | 2 / 0 | 0 / 0 |
| MTDR | Matador Res Co. | Energy | 2 | <0.01% | +$1M | 2 / 0 | 0 / 0 |
| Dorian Lpg | Dorian Lpg Ltd | Energy | 2 | <0.01% | +$293K | 1 / 0 | 0 / 0 |
| PR | Permian Resources Corp. | Energy | 2 | <0.01% | −$1M | 1 / 1 | 0 / 0 |
| PTEN | Patterson Uti Energy | Energy | 2 | <0.01% | −$236K | 0 / 0 | 0 / 0 |
| KOS | Kosmos Energy Ltd | Energy | 2 | <0.01% | −$25M | 1 / 1 | 0 / 0 |
| PLUG | Plug Power Inc. | Energy | 2 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| Seacor Marine | Seacor Marine Hldgs Inc. | Energy | 2 | <0.01% | −$18K | 0 / 0 | 0 / 0 |
| PBR | Petroleo Brasileiro SA Petro | Energy | 2 | <0.01% | +$29K | 1 / 0 | 0 / 0 |
| OVV | Ovintiv Inc. | Energy | 2 −1 | <0.01% | −$546K | 0 / 1 | 0 / 1 |
| AR | Antero Res Corp. Com | Energy | 2 −1 | <0.01% | −$850K | 0 / 2 | 0 / 1 |
| IEP | Icahn Enterprises LP | Energy | 1 | 0.29% | +$203M | 1 / 0 | 0 / 0 |
| TPL | Texas Pacific Land Corporati | Energy | 1 | 0.22% | −$68M | 0 / 1 | 0 / 0 |
| CVI | Cvr Energy Inc. | Energy | 1 | 0.17% | $0 | 0 / 0 | 0 / 0 |
| TRGP | Targa Res Corp. | Energy | 1 | 0.05% | +$653M | 1 / 0 | 0 / 0 |
| CNQ | Canadian Natural Resources Ltd | Energy | 1 | 0.04% | −$39M | 0 / 1 | 0 / 0 |
| OKE | Oneok Inc. New | Energy | 1 | 0.04% | +$110M | 1 / 0 | 0 / 0 |
| LB | Landbridge Company LLC | Energy | 1 | 0.02% | +$7M | 0 / 0 | 0 / 0 |
| CLB | Core Laboratories Inc. | Energy | 1 | 0.01% | +$10M | 1 / 0 | 0 / 0 |
| PBT | Permian Basin Rty Tr | Energy | 1 | <0.01% | +$5M | 0 / 0 | 0 / 0 |
| SUN | Sunoco LP | Energy | 1 | <0.01% | +$8M | 1 / 0 | 0 / 0 |
| KNTK | Kinetik Holdings Inc. IPO or spin-off | Energy | 1 +1 | <0.01% | +$69M | 1 / 0 | 1 / 0 |
| AESI | Atlas Energy Solutions Inc. | Energy | 1 | <0.01% | +$2M | 0 / 0 | 0 / 0 |
| CRC | California Resources Corp. | Energy | 1 | <0.01% | −$36M | 0 / 1 | 0 / 0 |
| SJT | San Juan Basin Rty Tr | Energy | 1 | <0.01% | +$6M | 1 / 0 | 0 / 0 |
| GPOR | Gulfport Energy Corp. | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| NESR | National Energy Services Reunited Corp. | Energy | 1 | <0.01% | +$1M | 1 / 0 | 0 / 0 |
| DMLP | Dorchester Minerals LP | Energy | 1 | <0.01% | −$809K | 0 / 0 | 0 / 0 |
| EAF | Graftech International Ltd IPO or spin-off | Energy | 1 +1 | <0.01% | +$14M | 1 / 0 | 1 / 0 |
| Golar Lng | Golar Lng Ltd | Energy | 1 −1 | <0.01% | −$276K | 0 / 1 | 0 / 1 |
| Navigator | Navigator Hldgs Ltd | Energy | 1 | <0.01% | +$117K | 0 / 0 | 0 / 0 |
| WHD | Cactus Cl A Ord | Energy | 1 | <0.01% | −$4M | 0 / 1 | 0 / 0 |
| SM | Sm Energy Co. | Energy | 1 | <0.01% | +$3M | 1 / 0 | 0 / 0 |
| Geospace | Geospace Technologies Corp. | Energy | 1 | <0.01% | +$256K | 0 / 0 | 0 / 0 |
| MUR | Murphy Oil Corp. | Energy | 1 | <0.01% | +$28K | 0 / 0 | 0 / 0 |
| SBR | Sabine Rty Tr | Energy | 1 | <0.01% | −$9K | 0 / 0 | 0 / 0 |
| NGS | Natural Gas Svcs Group Inc. | Energy | 1 | <0.01% | +$14K | 0 / 0 | 0 / 0 |
| CRK | Comstock Res Inc. | Energy | 1 | <0.01% | +$144K | 0 / 0 | 0 / 0 |
| REPX | Riley Exploration Permian In | Energy | 1 | <0.01% | −$11K | 0 / 0 | 0 / 0 |
| CHRD | Chord Energy Corporation | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| METCB | Ramaco Res Inc. IPO or spin-off | Energy | 1 +1 | <0.01% | +$5M | 1 / 0 | 1 / 0 |
| LBRT | Liberty Energy Inc. | Energy | 1 | <0.01% | +$2M | 1 / 0 | 0 / 0 |
| BKV | Bkv Corp. IPO or spin-off | Energy | 1 +1 | <0.01% | +$4M | 1 / 0 | 1 / 0 |
| BATL | Battalion Oil Corp. | Energy | 1 | <0.01% | +$5K | 0 / 0 | 0 / 0 |
| HLX | Helix Energy Solutions Grp I | Energy | 1 | <0.01% | +$1M | 1 / 0 | 0 / 0 |
| YPF | Ypf Sociedad Anonima | Energy | 1 −2 | <0.01% | −$23M | 0 / 3 | 0 / 2 |
| PUMP | Propetro Hldg Corp. | Energy | 1 | <0.01% | −$57K | 0 / 0 | 0 / 0 |
| VTOL | Bristow Group Inc. | Energy | 1 | <0.01% | +$999K | 1 / 0 | 0 / 0 |
| PARR | Par Pac Holdings Inc. | Energy | 1 | <0.01% | −$588K | 0 / 1 | 0 / 0 |
| RES | Rpc Inc. | Energy | 1 | <0.01% | +$29K | 0 / 0 | 0 / 0 |
| AMPY | Amplify Energy Corp. | Energy | 1 | <0.01% | −$53K | 0 / 0 | 0 / 0 |
| CRGY | Crescent Energy Company | Energy | 1 | <0.01% | +$35K | 0 / 0 | 0 / 0 |
| CVE | Cenovus Energy | Energy | 1 −1 | <0.01% | −$154K | 1 / 1 | 0 / 1 |
| BTE | Baytex Energy Corp. | Energy | 1 | <0.01% | +$1K | 0 / 0 | 0 / 0 |
| TALO | Talos Energy Inc. | Energy | 1 | <0.01% | +$17K | 1 / 0 | 0 / 0 |
| RRC | Range Res Corp. | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| TTI | Tetra Technologies Inc. Del | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| ANNA | Aleanna Inc. | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
| REI | Ring Energy Inc. | Energy | 1 | <0.01% | +$16K | 1 / 0 | 0 / 0 |
| VTS | Vitesse Energy Inc. | Energy | 1 | <0.01% | $0 | 0 / 0 | 0 / 0 |
How the numbers work
Same managers in both quarters
Changes compare only managers with a 13F in both 2025 Q2 and 2025 Q3: 136 this time.
Buying versus price
Each holding’s dollar change splits into price (what last quarter’s shares earned by this quarter’s 13F price) and net bought (shares added or cut, times this quarter’s price), using each 13F’s own values. The two add back to the change exactly. Stock splits are adjusted first.
Who counts as a buyer or a seller
A manager bought a stock if it opened a position, or added at least 5% to its shares or a trade worth 0.25% of its book; it sold if it closed the position or cut it by the same amounts. Smaller changes count as holding, and a stock split never counts. A manager was a net buyer for the quarter when its trading added up to at least 0.25% of its book. GOOG and GOOGL count once.
IPOs, spin-offs and mergers
A stock no tracked manager held last quarter (an IPO, a spin-off, a new share class) is not counted as buying, and one nobody holds now (a merger, a delisting) is not counted as selling. Choose them under All names to see them.
Each manager once, or by dollars
By default every manager counts the same, so a list leads with what the most managers did. By dollars ranks by money moved and weighs holdings by size, so the largest books set the order.
Sectors
GICS sectors where the company has one. Funds, foreign listings and private shares have none; their buying is shown on its own, never filed under Other. Sector weights are shares of the names that have a sector.
The combined book against SPY
Each quarter-end’s combined book is held to the next quarter-end at the 13Fs’ own prices: price only, no dividends, and today’s featured managers for every quarter. SPY is the same filings’ price for SPY. It is a record of what the managers held, not something anyone could have copied, because 13Fs arrive about 45 days after the quarter ends.
What a 13F leaves out
Long US-listed stock only: no shorts, cash, bonds or foreign listings, and options are left out here.