Ninety-nine fourth-quarter 13-Fs – and my comments on nine of them
As the late Steve Jobs – one of the founders of Apple (AAPL) – once said:
Picasso had a saying – he said, "Good artists copy, great artists steal." And we have always been shameless about stealing great ideas.
Considering that one of the world's greatest entrepreneurs felt this way, I've long thought that investors would be wise to adopt the same approach. As such, every quarter, I like to take a look at the latest moves by some of the world's smartest investors...
Just last week, my friend Scott Tashman of Outset Global sent me a summary of the fourth-quarter 13-F filings for 99 of the largest, best-known investors and money managers. Institutional investment managers with at least $100 million in assets under management have to file a 13-F every quarter, which discloses their equity holdings.
For regular folks, it's a good way to see what the "smart money" is up to.
I've included the rest of it at the end of this e-mail, but below are screenshots from Scott's list for the famous investors that I follow most closely (and know personally):
Bill Ackman:
Anthony Bozza:
Warren Buffett (and Ted Weschler and Todd Combs):
Michael Burry:
Carlo Cannell:
David Einhorn:
Seth Klarman:
Philippe Laffont:
Dan Loeb:
Larry Robbins:
Ricky Sandler:
Here are some standout stocks that I noticed among these managers' moves:
- Bill Ackman added to his Howard Hughes (HHH) position... It's a stock I owned for many years, very profitably, roughly a decade ago in my hedge funds.
- Anthony Bozza added Liberty Global (LBTYK) to his portfolio – a popular buy during the quarter, as Seth Klarman and Larry Robbins (via a different tracking stock) also initiated new positions.
- Warren Buffett continues to be bullish on energy, adding to his two main holdings: Occidental Petroleum (OXY) and Chevron (CVX).
- Michael Burry is bottom-fishing Qurate Retail (QRTEA), Warner Bros. Discovery (WBD) (one of NYU marketing professor Scott Galloway's top picks for 2024), Citigroup (C), and Chinese Internet giants Alibaba (BABA) and JD.com (JD).
- Seth Klarman trimmed his Herbalife (HLF) position.
- Philippe Laffont (wisely) threw in the towel on Lucid Group (LCID), Peloton (PTON), and multidecade stock promotion, Plug Power (PLUG) – about which I've written many times and included on my Dirty Dozen list of stocks to avoid.
- Dan Loeb took profits in Uber Technologies (UBER), Amazon (AMZN), and Microsoft (MSFT), while smartly adding to Meta Platforms (META) in front of its blowout earnings report. Damn, he's good!
- Larry Robbins also bought Liberty Global – via a different tracking stock (which trades under the ticker LBTYA) than Bozza and Klarman – and took profits in Uber and Amazon.
- Ricky Sandler also dumped Peloton and took profits in Uber and Amazon.
Best regards,
Whitney
P.S. I welcome your feedback – send me an e-mail by clicking here.
P.P.S. Here's the rest of Scott's list of the other fourth-quarter 13-Fs:
