Berkshire Hathaway (BRKB) recorded RH (RH) and Occidental Petroleum (OXY) in the third quarter, but Warren Buffett cut his Apple (AAPL), the latest quarterly 13F applications at the SEC show. Hedge Funds bought Facebook (FB) and Amazon (AMZN) as shares sold in a volatile quarter.
Individual investors use the regulatory data to assess where the "smart money" is putting on something. The 13F deposits show holdings at the end of each quarter, so hedge funds may have made changes to equity positions.
Warren Buffett buys RH Stock, Occidental Stock
Berkshire Hathaway sold more than 750,000 shares of Apple and more in the third quarter more than 31 million shares of Wells Fargo (WFC), with existing holdings remained unchanged on other top 10 stocks in the portfolio.
Meanwhile, the Warren Buffett-managed company took over new positions in RH and Occidental bought 1.2 million shares of the $ 206 million high-end Restoration Hardware furniture chain and 7.5 million shares of the oil giant worth about $ 332 million. Each of the shares represents approximately 0.1% of Berkshire's portfolio assets.
Earlier this year, Berkshire Hathaway invested $ 10 billion in Occidental to secure the $ 38 billion acquisition of Andarko Petroleum.
The 13F records showed that Berkshire Hathaway had dropped its stake in Wells Fargo by 7%, at Phillips 66 (PSX) by 6%, and at Sirius XM (SIRI ) at 1%. In the second quarter, Berkshire had left the company unchanged its position in the Apple stock, which is the # 1 in Buffett's portfolio with 26% of assets, according to 13F data from Whalewisdom.com.
The RH share rose 5.8% to 185.35 today, falling apart above its 50-day line but coming from intraday highs. Occidental gained 2.5%, Apple 0.7% and Wells Fargo 0.1%.
David Tepper's Appaloosa Management expanded its three largest positions: Alphabet (phonetic) by 106%, Facebook by 52%, and Amazon (AMZN ) by 43%. The fund increased its Micron Technology (MU) position by 566% and completely lost Centene (CNC) after absorbing shares in the previous quarter.
Bill Ackman's Pershing Square Capital Management Dumped ADP (ADP), which first began in the second quarter of 2017 and most recently accounted for 10% of the portfolio. Berkshire Hathaway's share in the second quarter increased 14%. The fund purchased approximately half a million Berkshire Class B shares in the third quarter, representing a total of over 4 million shares. The best performing positions in the portfolio – Brands (QSR) and Chipotle Mexican Grill (CMG) – achieved a haircut of 3% each.
Activist Third Point Management's investor Dan Loeb was active in the third quarter, adding and dropping several shares. The biggest new purchase of the fund in the quarter was Allergan (AGN), which bought 3.6 million shares worth $ 605.8 million. It sold from Netflix (NFLX).
Among the top 3 titles in the portfolio, Third Point maintained its stake in United Technologies (UTX), but lowered Baxter International (BAX) by 26% and Campbell Soup (CPB) by 8%. Loeb filed for the liquidation of industrial giant United Technologies and opposed the proposed merger of the company with defense company Raytheon (RTN). Elliott Management (19659005) Paul Singers Elliott Management assumed a new position at AT & T (T) and closed FirstEnergy (FE). The Fund's Share at the Top of the Portfolio Dell Technologies (DELL) rose 1% to a total of 13 million shares. Marathon Petroleum (MPC), the # 2 stock-by-portfolio weighting, grew 86% to a total of 8.6 million shares.
The activist fund led by Barry Rosenstein got out. Falcon Minerals (FLMN) in the third quarter following a cut in its stake in the Eagle Ford Shale drilling company in the previous quarter. Rosenstein's fund invested heavily in the food chain with 12% of its portfolio assets Bloomin & # 39; Brands (BLMN).
Jana Partners held its shares in Callaway Golf (ELY) and ConAgra (CAG) unchanged. The ConAgra share is Janas No. 1, measured by market value. This year, Jana Partners liquidated two stock picking funds to focus on activism and social impact investing. Outback steakhouse owner Bloomin & # 39; s Brands is considering strategic options, including a sale after Jana pushed for changes, according to Reuters. Tiger Global Management Chase Coleman's Tiger Global Management hedge fund is being charged with software stock and IPO stock including New Relic (NEWR), Wayfair (W), Anaplan [PLAN] Slack Technologies (WORK), Beyond Meat (BYND) and Workday (WDAY).
The New York-based group has small shares of Pivotal Software (PVTL), [19459003abgeladen] Luckin Coffee (LK) and Eventbrite (EB) , Portfolio Participation # 1 Microsoft (MSFT) remained unchanged at 11% of assets.
Among the top ten stocks in the portfolio, the fund held shares in Amazon and Netflix . (NFLX) in the growth of Facebook and Alibaba (BABA) for millions of shares each.
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