This week, as Berkshire, Qiaoshui and others updated the 13F report one after another, the positions of top institutions in US stocks in the third quarter finally surfaced.

In the third quarter of this year, the overall market trend was relatively weak, with both the Nasdaq and the Dow falling, while the S & P 500 rose only slightly. But at the beginning of November, U. S. stocks gradually stabilized and rebounded.

The adjustment of institutional positions in the third quarter can be better reflected in the recent rally. Let's take a look at what adjustments have been made to institutional funds that are regarded as "smart money".

BerkshireThe 13F report released on Monday showed that Berkshire built a long position in the third quarter.$Taiwan Semiconductor Manufacturing (TSM.US)$Increase holdings$Occidental Petroleum (OXY.US)$和$Chevron (CVX.US)$Reduction of holdings$General Motors (GM.US)$等。

Still have a big position in the third quarter.$Apple (AAPL.US)$、$Bank of America (BAC.US)$、$Chevron (CVX.US)$、$Coca-Cola (KO.US)$、$American Express (AXP.US)$。

In the third quarter, Berkshire spent $9 billion on shares. In the first nine months of this year, Berkshire spent nearly $66 billion on the stock market, 13 times what it spent on the stock market for the whole of last year.

Bridge waterOn November 10, local time, Bridge Water Fund submitted its position report 13F for the third quarter of this year to the Securities and Exchange Commission (SEC). It is worth noting thatThis is the last adjustment of Qiaoshui under the control of founder Redalio.

In the top five heavy stocks$Procter & Gamble (PG.US)$Although it has been reduced, it still holds the position of the largest heavy stock in Qiaoshui, with a position of about 6.6155 million shares and a market capitalization of about $835 million. And$Johnson & Johnson (JNJ.US)$、$PepsiCo (PEP.US)$、$Coca-Cola (KO.US)$Is followed by.

In terms of increasing its holdings of individual stocks, the Bridge Water Fund has also increased its holdings.$McDonald's (MCD.US)$, medical giant$Abbott Laboratories (ABT.US)$和$Colgate-Palmolive (CL.US)$Wait for individual stocks. What is noteworthy is thatIncrease your holdings of hot Chinese stocks in the third quarter$Pinduoduo (PDD.US)$The number of shares increased by 5% month-on-month, ranking 12th among the heavy stocks of the Qiaoshui Fund.

Statistics show that by the end of the third quarter, the market value of US stock positions in the Bridge Water Fund reached $19.755 billion, down 16% from $23.598 billion in the previous quarter.

JinglinFrom the perspective of position preference, information technology, optional consumption and communications stocks rank in the top three.$KE Holdings (BEKE.US)$、 Pinduoduo 、$NetEase (NTES.US)$、$Sea (SE.US)$、$JD.com (JD.US)$For its position in the top five.

The top five buying targets are Pinduoduo, NetEase, Inc,$DoorDash (DASH.US)$, Sea and$Full Truck Alliance (YMM.US)$. And build a new warehouse.$New Oriental (EDU.US)$等。

Tiger around the worldJD.com and Sea were also among the top five positions in the third quarter, while the other positions were$Microsoft (MSFT.US)$、$ServiceNow (NOW.US)$、$Meta Platforms (META.US)$。

Judging from the change in the proportion of positions, the top five buying targets are:$Datadog (DDOG.US)$、$Workday (WDAY.US)$、$Alphabet-A (GOOGL.US)$、$Uber Technologies (UBER.US)$And Microsoft Corp. Among them, the number of positions held by UBER TECHNOLOGIES INC increased by 150.1 per cent compared with the previous quarter.