Tuesday was the deadline for hedge funds, private equity funds and other large investors to file their Form 13-Fs with the Securities and Exchange Commission. These forms list ownership and changes in ownership of equities in the various funds’ portfolios. Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-B) gets a lot of attention, but other fund managers also come in for scrutiny.
According to the filing, as of the end of March, Buffett no longer owns shares of Bank of New York Mellon, U.S. Bancorp, Taiwan Semiconductor or RH. He opened a new position in Capital One Financial with a purchase of some $900 million in the bank’s stock.
Due to a change in the way Buffett reported holdings of its General Re insurance unit, Berkshire Hathaway’s positions in Apple, BofA, Chevron and HP appear to be higher but are, in fact, unchanged from the previous quarter. Apple stock now accounts for nearly 45% of Berkshire’s portfolio. Sugar, indeed. Berkshire Hathaway’s portfolio is valued at around $325.1 billion.
Dan Loeb’s Third Point opened a new position in Alphabet with the purchase of 4.75 million shares for around $473 million. Alphabet is now the fifth largest holding in Third Point’s portfolio. Loeb also opened new positions in Salesforce, HCA, Alibaba, Micron and AMD, among others. Third Point closed its positions in 11 companies, including Disney, TJX and SentinelOne. The fund has $6.1 billion in assets under management (AUM). Its largest holding (about 15.7% of the portfolio) is Pacific Gas & Electric.
Tiger Global has $10.99 billion in AUM and added to its holdings in Alphabet (up about 3.9% to 7.9% of the fund’s total), Meta Platforms (up 2.7% to 14.4% of the portfolio) and Intuit (up 1.8% to 1.8% of the portfolio total). Tiger’s biggest reductions came in its holdings of JD.com (down about 5.4% to 9.6% of the portfolio total) and Snowflake (down 1.89% to 2.6% of the portfolio).
Fintel maintains an up-to-date list of the changes to fund holdings.
Here is a look at how the markets fared on Monday.
Six of 11 market sectors closed higher on Monday. Materials (0.85%) and financials (0.82%) had the day’s largest gains. Utilities (−1.24%) and consumer staples (−0.27%) posted the day’s worst losses. The Dow closed up 0.14%, the S&P 500 up 0.30% and the Nasdaq up 0.66% on Monday.
Two-year Treasuries added one basis point to end Monday at 3.99%, and 10-year notes also rose by four basis points to close at 3.50%. In Tuesday’s premarket, two-year notes were trading at around 3.97% and 10-year notes at about 3.47%.
Before U.S. markets open on Tuesday, the U.S. Census Bureau will release its April report on retail sales. Economists are looking for an increase of 0.7% for the total index and 0.3% for the index excluding auto sales. In March, the total index declined by 1% and the index excluding auto sales dipped by 0.8%.
Originally published at 24/7 Wall St.
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