A raft of the biggest US investors, like Warren Buffett , the Big Short’s Michael Burry, and Bill Ackman have disclosed which stocks they’ve bought and sold over the last three months. The holdings were revealed in 13-F filings last night, which all US funds worth over $100m have to file with the Securities and Exchange Commission every quarter. Most notably from the filings, Warren Buffett’s Berkshire Hathaway sold more than 389 million Apple shares, hinting that tax planning was behind the sale.
Buffett started buying into Apple in 2016 , and still owns 400 million of the iPhone maker’s shares. Berkshire Hathaway also cut its investments in a variety of companies, including Bank of America, T Mobile, and Chevron, as well as unloading its nearly $1bn investment in cloud company Snowflake. This massive sale has ballooned Berkshire Hathaway’s cash pile to a record level of $277bn.
However, Buffett did pump more money into the insurer Chubb after revealing its position in the company last quarter , as well initiating new positions in cosmetics company Ulta Beauty and aerospace manufacturer Heico. Michael Burry, the hedge fund manager made famous in The Big Short, now runs money through his Scion Asset Management fund, and continued to double down on his Chinese holdings throughout the quarter. Burry added 30,000 shares to his position in Alibaba, bringing it to $11.
2m, as well buying more Baidu, the dominant search engine in China. The hedge fund manager, who famously.