Warren Buffett, Michael Berry, and others made amazing changes to their portfolios last quarter.
Buffett’s Berkshire Hathaway invested in homebuilders, while Perry established short-term positions.
Companies associated with Dan Loeb, David Tepper, and Stanley Druckenmiller have acquired Nvidia shares.
Warren Buffett, Michael Berry and other prominent investors posted eye-catching updates to their stock portfolios this week. Their holdings were disclosed in Securities and Exchange Commission filings.
Buffett’s Berkshire Hathaway unexpectedly bet on a trio of homebuilders, while Bury revealed short positions against the S&P 500 and Nasdaq in true “Big Short” fashion. Billionaire investor Bill Ackman consolidated his holdings in Alphabet, and a group of top money managers including Dan Loeb, David Tepper and Stanley Druckenmiller loaded on Nvidia shares last quarter.
Here’s a roundup of 4 key trades from the second quarter:
Warren Buffett Berkshire Hathaway Fixed shares in a A trio of home builders Final Quarter: Lennar, NVR, and DR Horton. The combined positions were worth $814 million — a small bet in the context of Berkshire’s roughly $350 billion stock portfolio.
Buffett’s portfolio managers, Todd Combs and Ted Wechsler, are likely behind the buys given their size. Their picks suggest they are bullish on the US housing market, despite a historic lack of affordability right now as mortgage rates are near multi-decade highs.
The famous investor also raised its stakes in Capital One and Occidental Petroleum. On the other hand, it exited its bets on McKesson, Marsh & McLennan and Vitesse Energy in that period.
Buffett and his team have also reduced positions at Activision Blizzard, Chevron, Celanese, General Motors, and Globe Life.
Michael Bury Bearish put options contract This week, he revealed S&P 500 and Nasdaq 100 index funds with a face value of $1.6 billion at the end of June.
But they can also point to it A stock market crash is expectedin light of his repeated warnings about a historic bubble in asset prices and expectations of a broad sell-off.
Bill Ackman boosted Exposure to artificial intelligence in the second quarter. His Pershing Square fund acquired 1.3 million Class C shares of Alphabet in the period, valuing his position to $1.1 billion at the end of June. She also owns $262 million worth of Alphabet’s Class A shares.
Moreover, Ackman and his team added to their stakes in Hilton Worldwide and Howard Hughes. On the other hand, they cut their bets on the Canadian Pacific Railway, Chipotle, Lowe’s and Restaurant Brands.
Alphabet is one of the major players in the field of artificial intelligence, as it continues to invest in its Bard chatbot and makes its search engine and advertising services smarter.
Dan Loeb’s Third Point, Soros Fund Management, and Jeremy Grantham’s GMO GMO all built stakes in Nvidia last quarter.
Meanwhile, Appaloosa Management by David Tepper, Renaissance Technologies by Jim Simmons, Tudor Investments by Paul Tudor Jones, Point72 Asset Management by Steve Cohen, Stanley Druckenmiller Family Office and the investment arm of The Church of Jesus Christ of Latter-day Saints. Their positions at Nvidia in that period.
RenTech, for example, raised its bet nearly 600-fold, securing a stake worth nearly $800 million at the end of June. Appaloosa has also grown its location by nearly 600%. As for Tudor, it quadrupled the size of its Nvidia stake and held bullish call options on nearly 600,000 shares of the chipmaker at the close of the quarter.
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