Recently, the 13F reports of institutional investors in the US stock market have been released one after another, becoming an important channel for outsiders to understand the investment trends on Wall Street.
According to the requirements of the Securities and Exchange Commission (SEC), institutions managing equity assets exceeding 0.1 billion dollars are required to provide the SEC with their holdings of US equities and related fund flows within 45 days after the end of each quarter, namely the 13F report.
Among them, the holdings of top investment institutions including Berkshire have attracted much attention. Berkshire significantly reduced its holdings in Apple and Bank of America in the third quarter, while the attitudes of Berkshire Hathaway, Bridgewater, ARK, and others towards technology stocks have shown differentiation. What signal lies behind the actions of these capital giants?
Berkshire: Significantly reduced holdings in Apple and Bank of America, initiated a position in domino's pizza.
The 13F document shows that Berkshire's total holdings market value in the third quarter was 266 billion dollars, a 5% decrease from the previous quarter's 280 billion dollars, with the top ten holdings accounting for 89.68% of the total market value.
As of the end of the third quarter, the top five holdings of Berkshire Hathaway were $Apple (AAPL.US)$ 、 $American Express (AXP.US)$ 、 $Bank of America (BAC.US)$ 、 coca-cola (KO.US) 、 $Chevron (CVX.US)$ Among them, apple and bank of america have been reduced. Apple's total holding ratio fell from 30.09% in the previous quarter to 26.24%, while bank of america's shareholding ratio has fallen below the key disclosure threshold of 10%.
In addition, berkshire also cut positions. $Ulta Beauty (ULTA.US)$ satellite broadcasting company $Sirius XM (SIRI.US)$ 、 $Charter Communications (CHTR.US)$ Among the stocks, ulta beauty has almost been completely sold off.
On the other hand, berkshire has newly bought in$Domino's Pizza (DPZ.US)$ , swimming pool supplies distributor $Pool Corp (POOL.US)$ company and $Heico (HEI.US)$ , among which pool and domino's pizza are newly bought in for the first time.
Baillie Gifford: Increased shareholding in shopify and pdd holdings, reduced shareholding in nvidia, tesla and other technology stocks.
The century-old asset management giant Baillie Gifford in the united kingdom had a total market value of us stocks of 134 billion dollars in the third quarter, a slight increase from the previous quarter, and the top five holdings are $MercadoLibre (MELI.US)$ 、 $NVIDIA (NVDA.US)$ 、 $Amazon (AMZN.US)$ 、 $Spotify Technology (SPOT.US)$ 、 $Shopify (SHOP.US)$ ；$PDD Holdings (PDD.US)$ It is its sixth largest hold position, with only Shopify and pdd holdings being increased by the institution in Q3.
It is worth noting that the institution reduced its shareholding in several technology stocks in the third quarter, with significant sell-offs in some. $NVIDIA (NVDA.US)$ 、 $Taiwan Semiconductor (TSM.US)$ 、$Tesla (TSLA.US)$ The reduction amounts were 2.25 billion USD, 0.54 billion USD, and 0.428 billion USD respectively.
ARK: Increased shareholding in advanced micro devices and amazon, reduced shareholding in tesla and coinbase.
Known as "Cathie Wood's" ARK fund had a market value of US stocks at 10.9 billion dollars in the third quarter, slightly down from the previous quarter. The top five holdings are roughly the same as the last quarter, still being $Tesla (TSLA.US)$ 、 $Roku Inc (ROKU.US)$ 、 $Coinbase (COIN.US)$ 、 $Roblox (RBLX.US)$ 、 $Block (SQ.US)$ These five symbols.
It is noteworthy that the several heavily held stocks above were reduced by Wood in Q3.
In addition, Wood also increased shareholding in several stocks in Q3, among which the highest amount increased was in the fsg medical serv a company. $Tempus AI (TEM.US)$ , technology leader. $Advanced Micro Devices (AMD.US)$ and $Amazon (AMZN.US)$ 。
Bridgewater: Significantly increased holdings in apple and reduced holdings in nvidia, google, and other technology stocks.
The total market value of the largest global hedge fund Bridgewater's American stock holdings in the third quarter was 17.7 billion USD, a decline of about 8% compared to the previous quarter.
Bridgewater's top five holdings are:$iShares Core S&P 500 ETF (IVV.US)$ 、 $iShares Core MSCI Emerging Markets ETF (IEMG.US)$ 、 $Alphabet-A (GOOGL.US)$ 、 $NVIDIA (NVDA.US)$ 、 $SPDR S&P 500 ETF (SPY.US)$ Among them, in the third quarter, only two s&p 500 etfs, IVV and SPY, were increased by Bridgewater.
In the third quarter, Bridgewater seems to have developed a differentiated attitude towards technology stocks. The fund increased its shareholding in $Super Micro Computer (SMCI.US)$ and $Apple (AAPL.US)$ 、 $Qualcomm (QCOM.US)$ And technology stocks, while its heavily held stocks. $NVIDIA (NVDA.US)$ and $Alphabet-A (GOOGL.US)$ Were sold off, with the number of holdings decreasing by 27.48% and 3.54% respectively compared to the previous quarter.
Additionally, in terms of changes in holding value, Bridgewater also increased its shareholding in semiconductor companies. $Lam Research (LRCX.US)$ And electrical utilities.$Constellation Energy (CEG.US)$ , with the highest shareholding amounts being $Procter & Gamble (PG.US)$ 、 $Walmart (WMT.US)$ 、 $Johnson & Johnson (JNJ.US)$ and other value stocks.
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