Yesterday's barrage of 13F releases showed that hedge funds like Third Point, Eton Park and Blue Ridge piled into shares of major banks, David Tepper's Appaloosa jumped into the pharma sector starting new positions in Teva, Pfizer and Mylan while Buffett aggressively added to airline steaks and nearly quadrupled his Apple position to $7.
7 billion, making him a Top 10 holder during the fourth quarter.Bank stocks remain near the highest levels since the financial crisis, rallying since President Donald Trump’s election victory on expectations for stimulus and policy changes. Goldman shares closed Tuesday at a record high. According to Bloomberg data, hedge fund managers added more to financials than any other sector last quarter.
Here is a summary of the biggest buys and sells from the latest round of 13F filings, released 45 days after the end of the quarter, which list the U.S. holdings of money managers as of Dec. 31 courtesy of Bloomberg:
ADAGE CAPITAL
- Top new buys: CC, ALB, VVC, DISH, GIS, EXC, COTY, TSN
- Top exits: EMR, LYB, GLD, DOV, BABA, PEGI, USB, WLK, MMM, AXP
- Boosted stakes in WFC, GD, JCI, MOS, DIS, GS, NEE, PKI, LRCX, GE
- Cut stakes in HON, SRE, AGN, PG, HDS, APD, EW, GRA, PVH, BURL, CI
APPALOOSA MANAGEMENT
- Top new buys: TEVA, PFE, MYL, RF, CMA, MU, URI, AAL, CNC, JCP
- Top exits: SYF, HDS, BAC, VMW, USFD, C, GM
- Boosted stakes in AGN, PNC, FB, CFG, LUV, QCOM, WPZ, MHK, GOOG, KMI
- Cut stakes in WHR, AAPL, YHOO, ALL, GT, OC, HCA, DAL, WMIH, HAIN
BAUPOST GROUP
- Top new buys: MCK, CAH, SYT, ABC, SCAC, LEXEA
- Top exits: PYPL, OLN, VMW, KLXI, ODP, KIN
- Boosted stakes in AGN, SYF, FOXA, CLNS, CACC, TBPH, VSAT
- Cut stakes in LNG, CASC
BLUE RIDGE CAPITAL
- Top new buys: BAC, WFC, MIDD
- Top exits: INFO, DLTR, WBA, ALLE, CNX, LNG, FTV, ECA, GCP
- Boosted stakes in WLL, NKE, C, DVN, OAS, AYA, PXD, GS, AGN, GOOGL
- Cut stakes in ULTA, FLT, ADSK, AMZN, CHTR, KHC, GRA, CP, SWN, DHR
BERKSHIRE HATHAWAY
- Top new buys: LUV, MON, SIRI
- Top exits: DE, KMI, DNOW, LEE
- Boosted stakes in AAPL, DAL, UAL, AAL, BK
- Cut stakes in WMT, VZ
BRIDGEWATER ASSOCIATES
- Top new buys: UNH, AET, SPG, KORS, MCO, PPG, MFC, TSN, SLF, JPM
- Top exits: BMY, RCI, TU, ADBE, UPS, KO, MSI, MHK, HD, CAG
- Boosted stakes in TAP, GME, RHT, DKS, BLK, CTL
- Cut stakes in SPY, INTC, GILD, JNPR, AMAT, VFC, PFE, KSS, WHR
CORVEX MANAGEMENT
- Top new buys: YUMC, CRM, GOOGL, MO, BK, AMTD, ETFC
- Top exits: CCE, HAIN, CSOD, BIIB
- Boosted stakes in BAC, TMUS, JPM, MDCO, P, NOMD
- Cut stakes in SIG, WMB, JCI, COMM, BLL, MPC, PAH
DUQUESNE FAMILY OFFICE
- Top new buys: HAL, C, WFC, LYB, AA, JPM, YHOO
- Top exits: BABA, ABT, AVGO, ATVI, ABX, AMZN, AEM, HDB, ZTS, FB
- Boosted stakes in PNC, BAC, EOG, NUE, PXD, WMB, ACIU
- Cut stakes in PSTG, FCX, ABBV
ELLIOTT MANAGMENT
- Top new buys: ARNC, ADNT, NXPI, PAH, HCA, CTSH, NRG, GTYH, CNDT, THC
- Top exits: IPG, GEO, FCB, CXW, RAD, FTNT, HLF, NE, FBIO, VER
- Boosted stakes in MPC, BBL, ABG, SAH, GPI
- Cut stakes in AA, TSU, RYAAY
EMINENCE CAPITAL
- Top new buys: CSOD, LBTYA, TRIP, IMPV, RXN
- Top exits: FCE/A, W, COMM
- Boosted stakes in LEN, VSAT, CBG, LQ, DNKN, STZ, EXPE, FTNT, ARRS, ICE
- Cut stakes in CAA, YHOO, ADSK, SPGI, HUM, CCE, BIDU, TTWO, ZNGA, PTC, ANTM
ETON PARK CAPITAL
- Top new buys: CMA, BAC, MS, V, CMCSA, RSPP, FITB, CHTR
- Top exits: SHW, ADBE, BABA, ORLY, SBAC, TWTR, GOOG, AMZN, CLR, SINA
- Boosted stakes in FANG, PXD, BIIB, SYT, KMI, CIE
- Cut stakes in MSFT, MHK, AWI, CDK, HYG, IMPV, MOMO, GOOGL
GREENLIGHT CAPITAL
- Top new buys: SYT, AA, FRED
- Top exits: KORS, TTWO, ACM, X, ARRS, TERP, GEO, GLBL
- Boosted stakes in MYL, AAPL, VOYA, RAD, PVH
- Cut stakes in GM, AGR, CC, YELP, CNX, GDX, DSW, YHOO, CPN, DDS
HIGHFIELDS CAPITAL MANAGEMENT
- Top new buys: FDX, IVZ, CTSH, SYMC, LOW, KMI, CVS, WMT, ARNC
- Top exits: SU, CF, HTZ, HSY, COST, ITUB, GLD, CERN, PDCE, TRU
- Boosted stakes in TEVA, AMT, BEN, TV, HLT, CCE, VOD, CBS, CVE
- Cut stakes in GOOG, APC, WMB, ABBV, MGM, GOOGL, AER, WBA, ICE, APO
ICAHN ASSOCIATES
- Top exits: VLTC
- Boosted stakes in IEP, HTZ, HLF
- Cut stakes in PYPL, NUAN, FCX
ICONIQ CAPITAL
- Top new buys: BL, COUP, CMG, AAPL, TTWO, ONVO
- Top exits: ADSK
- Boosted stakes in IAU, SPY, XLE, VNQ, OAK
- Cut stakes in BABA, GLD, JD, LLNW
JANA PARTNERS
- Top new buys: BMY, CRM, TDG, AET, CTSH, LW, MCK, PRXL, YUM, ZAYO
- Top exits: JCI, CCE, MPC, HPE, PCLN, GOOG, MDLZ, GPK, CSRA, VIAB
- Boosted stakes in HDS, NUVA, YHOO, UHS, SAGE, SEM, ACAD, VVV, RARE, INCY
- Cut stakes in HRS, WLTW, CSC, LBRDK
LANSDOWNE PARTNERS
- Top new buys: HAS, ADNT, COG, NEE, FSLR, CPS, WBA, ECA, ALGN
- Top exits: AES, BWA, AMD
- Boosted stakes in BAC, JCI, SPWR, CRM, BABA, FB
- Cut stakes in V, AMZN, NKE, CMCSA, LB, GOOGL, DIS, C, IR, CNQ
LONE PINE CAPITAL
- Top new buys: PYPL, PNC, BAC, SYMC, ECA, RICE, VXX
- Top exits: MNST, YUM, HLT, KMI, MHK, HCA
- Boosted stakes in V, WMB, AVGO, BABA, MSFT, STZ, EQIX, ADBE, ALGN, EA
- Cut stakes in EBAY, DLTR, PCLN, EXPE, LNG, ULTA, HDB, NKE, FLT, TV
LONG POND CAPITAL
- Top new buys: QCP, RPAI, AVB, UDR
- Top exits: BYD, GGP, LQ, CAA, MTH, MPW
- Boosted stakes in FCE/A, ESS, LEN, MSG, H, SHW, CZR, PGRE, INXN
- Cut stakes in BXMT, HLT, TCO, EQR, MAR, WFC
MARCATO CAPITAL
- Top new buys: AIR, ERI, BREW
- Top exits: BK, URI, ADS, AIRM, PNK
- Boosted stakes in CSC, IAC
- Cut stakes in BID, LBRDK, M, GT, CBPX, FC
MAVERICK CAPITAL
- Top new buys: FLT, MLM, CNC, RF, NCR, XNCR, HCA, FFIV, CPRT, SC
- Top exits: DG, RDN, ERIC, SPY, KSU, SUM, RTRX, LDOS, ROST, ADI
- Boosted stakes in AET, ADBE, DLTR, VMC, FB, CI, NWL, SHPG, MYL, UHS, CI
- Cut stakes in PM, LRCX, NOC, AAPL, BUD, PCLN, COMM, ORLY, CMCSA, SABR
MELVIN CAPITAL
- Top new buys: HII, FDX, ULTA, THO, MTN, SNA, BC, HDS, DG, KR
- Top exits: AMZN, DPZ, BABA, MHK, COST, CTRP, KATE, EBAY, KAR, AN
- Boosted stakes in V, DE, MCD, MAS, SBUX, BURL, NFLX, CALM, MGM, DLTR
- Cut stakes in FB, LOW, SHW, YY, ZTS, PCLN, EA, AVP, GPRO, MA
MILLENNIUM
- Top new buys: TGT, PEG, FCX, CLX, CRM, MMC, BDX, DLTR, F, UDR
- Top exits: PG, CSCO, WMT, INTC, STX, SEMG, AXP, SYK, CHK, RHT
- Boosted stakes in BK, LOW, AEP, DIS, NEE, QEP, MS, CMCSA, COST, SBUX, TIME, CI
- Cut stakes in COTY, AAPL, FB, AMZN, XEC, MSFT, CCI, FDX, EBAY, FIS, MON
MOORE CAPITAL
- Top new buys: GRUB, SYF, GTYH, EBAY, VOYA, C, ATH
- Top exits: AMZN, V, POST, MA, NWL, PCLN, AMT, HD, CL, ALL
- Boosted stakes in BAC, ORLY, AZO, ZEN, MNST, ULTA, DHR, GLNG, FDC
- Cut stakes in FB, BABA, STZ, APC, GOOGL, ATVI, EA, TMUS, AER
OMEGA ADVISORS
- Top new buys: APC, AMZN, WRD, TSRO, BLUE, ZNGA, OMAM, TUSK, UBSI
- Top exits: MSI, EA, SSNC, EPD, PE, RICE, TSE, CTRP, CLF, PDCE
- Boosted stakes in TIME, GPOR, SHPG, FGL, BLL, PMT, P, MDCA
- Cut stakes in NAVI, OMF, TRCO, AER, AIG, FDC, AGN, CIM, HRG, PVH
PAULSON & CO.
- Top new buys: INSW, TIME, GOOG, WDAY, GSK
- Top exits: TMUS, GRFS, VNDA, HUM, MAR, MCK, CVS, EXPE, JNJ, LLY
- Boosted stakes in DXCM, THM, LOXO, PFE, MELI, OSG, ARDM, STE, LIVN, ETSY
- Cut stakes in AIG, SHPG, TEVA, AGN, GLD, BIIB, HPE, VMW
PERSHING SQUARE
- Top exits: ZTS
- Boosted stakes in CMG
- Cut stakes in VRX, APD, PAH
POINT72 ASSET MANAGEMENT
- Top new buys: VZ, AMAT, DIS, ABBV, VRTX, EXPE, JBLU, CRM, VIAB, AYI
- Top exits: AMZN, NWL, CMCSA, AAPL, VRX, THS, PCLN, PBYI, ACHN, EXEL
- Boosted stakes in TSO, WMB, ULTA, NVDA, V, CNQ, ATHN, WPX, STZ, FMSA
- Cut stakes in FB, GOOGL, ZTS, SRPT, ECA, COP, SHW, APC, FTV, AZO
POINTSTATE CAPITAL
- Top new buys: LYB, KEY, FITB, DVA, PNC, STLD, MS, GS, FE, AET
- Top exits: TEVA, VRX, MRK, AYA, C, BABA, K, SHW, ENDP, BIIB
- Boosted stakes in WFC, CMCSA, HAL, LUV, ALXN, CFG, GD, FANG, APC, URI
- Cut stakes in AMZN, AVGO, MSFT, BAC, UNP, STZ, MPC, ADBE, ATVI, COG, MON
RUANE CUNNIFF & GOLDFARB
- Top new buys: AMZN, COF, TRUP, DHI, TOL, FB, BABA
- Top exits: WMT, FTV, MTCH, VRX, SFUN, VRSK, USB, AGN, LMT, CMCSA
- Boosted stakes in KMX, XRAY, GOOGL, BLDR, W, IRS, IAC, T, AEP, ATHN
- Cut stakes in PX, MHK, BRK/A, TJX, JD, WAT, CMG, FAST, PRGO, MA
SABA CAPITAL
- Top new buys: AGN, OMF, TSLA, HTZ, THS
- Top exits: CRC, MBI, WDC, HES, QEP, SDRL, NE
SANDELL ASSET
- Top new buys: LW
- Top exits: SVU, XLRE, KLAC
- Boosted stakes in CIT
SOROS FUND MANAGEMENT
- Top new buys: KEG, FB, KSS, PNC, DV, GS
- Top exits: ABX, INTC, WUBA, AMAT, CSAL, PANW, ATVI, NVDA, SPLK, VIPS
- Boosted stakes in TMUS, CRC, MDLZ, GOOG, XLE, NFLX, SPY, EXA, ALLT
- Cut stakes in VMW, WMB, LBRDK, AMZN, UBNT, EXAR, EBAY, RLGY, SYMC, HPE
STARBOARD VALUE
- Top new buys: COL, CTSH, TRCO, VIAV, CSOD, TTWO
- Top exits: TRNC, CW, FRGI, IMPV
- Boosted stakes in PRGO, BAX
- Cut stakes in WRK, DEPO, NSP, HPE, QTM, PNK
TIGER GLOBAL
- Top new buys: FCAU, GOOGL, MSFT, TDG, DPZ, TAL, MELI, EDU, SYMC, FB
- Top exits: AAPL, WUBA
- Boosted stakes in PCLN, JD, V, AWI, QSR, FLT, AMZN
- Cut stakes in CHTR, BABA, MA, GOOG, VIPS, ETSY, ONDK, CMCSA
THIRD POINT
- Top new buys: JPM, BAC, ZAYO, HON, ANTM, GS, HDS, RICE
- Top exits: AGN, BABA, BUD, SHPG, V, WMB, LBTYA, AME, YUM
- Boosted stakes in HUM, STZ, MHK, SHW
- Cut stakes in FB, TDG, GOOGL, DHR, SPGI, AAPL, CB, DOW, CAG
TRIAN FUND
- Top new buys: PG
- Boosted stakes in SYY, BK, WEN
- Cut stakes in MDLZ, DD, GE
TUDOR INVESTMENT
- Top new buys: TWX, WHR, HBAN, MS, CBOE
- Top exits: ADS, FB, VIPS, VNTV, IVZ, FLT, WEX, RJF, SRPT, W
- Boosted stakes in SPY, DHR, MTD, TSCO, NDAQ, FIS, STT
- Cut stakes in ZBH, PEP, MRK, BIIB, GOOGL, MA, HOLX, C, MLM
VALUEACT
- Top new buys: NTCT
- Boosted stakes in CBG, FOX, MSFT, TRN, ADS
- Cut stakes in MS, ALSN
VIKING GLOBAL
- Top new buys: DOW, DE, UNH, FOXA, SCHW, DIS, UNP, CHK, WYNN, MMC
- Top exits: TEVA, APD, SWN, APC, LLY, CPN, CRM, SEE, LOW, JCI
- Boosted stakes in MSFT, WBA, NFLX, V, JD, STZ, ETN, ECA, BMRN, XRAY
- Cut stakes in AMZN, MA, COG, RRC, CP, UHS, BAC, GPOR, TMUS, RICE
Source: Bloomberg
