Recently, institutional investors in the USA have been releasing Form 13F reports one after another, which have become an important channel for understanding investment trends on Wall Street.

According to the requirements of the SEC, institutions managing equity assets exceeding 0.1 billion dollars are required to provide the SEC with information about the US equity they hold and the flow of related funds within 45 days after the end of each quarter, referred to as the Form 13F report.

Among them, the holdings of top investment institutions, including Berkshire, are receiving significant attention. Berkshire did not further reduce its shareholding in Q4. $Apple (AAPL.US)$ Additionally, Bridgewater, ARK, and others showed differentiated attitudes towards technology giants, and both Bridgewater and ARK respectively showed interest in application stocks.$Applovin(APP.US)$、$Tempus AI(TEM.US)$Increased holdings, what signals are hidden behind the operations of these capital giants?

Berkshire added to its Occidental Petroleum position in Q4, did not further reduce its Apple holdings, and the beverage giant Constellation Brands became a new favorite.

Form 13F shows that Berkshire's total market value of holdings in the fourth quarter was 267 billion USD, a slight increase of 1 billion USD from the previous quarter, with the top ten holdings accounting for 89.72% of the total market value.

As of the end of Q4, Berkshire's top five holdings are: $Apple (AAPL.US)$ 、$American Express(AXP.US)$、 $Bank of America (BAC.US)$ 、$Coca-Cola (KO.US)$And$Chevron(CVX.US)$In the fourth quarter, Berkshire did not further reduce its shareholding in Apple. Last year, Apple was always Berkshire's top position, but in the second and third quarters, Berkshire significantly reduced its holdings in Apple by 49% and 25%, respectively. By the end of the third quarter, the number of Apple shares held decreased from 0.906 billion shares at the beginning of the year to 0.3 billion shares, a drop of nearly 67%.

In terms of Shareholding, Buffett's Berkshire increased its position in the fourth quarter for $Occidental Petroleum (OXY.US)$ 、the Stocks of $VeriSign (VRSN.US)$.、$Sirius XM(SIRI.US)$、$Domino's Pizza (DPZ.US)$And $Pool Corp (POOL.US)$ Increased holdings. In addition, Berkshire has invested in the wine industry giant. $Constellation Brands (STZ.US)$ This stock is also the highest valued stock acquired by Berkshire in the current quarter, with over 5.62 million shares purchased, valued at over 1.24 billion dollars.

Additionally, Buffett reduced holdings in several bank stocks in the fourth quarter, of which $Citigroup(C.US)$ more than 70% were cut, with holdings decreasing by approximately 40.605 million shares compared to the third quarter, representing a 73.5% decline in shareholding, and a decrease in value of 2.86 billion dollars; in the fourth quarter $Bank of America (BAC.US)$ The shareholding decreased by approximately 0.117 billion shares compared to the previous period, down 14.72%, with the holding market value plummeting by 5.16 billion USD. At the same time, Berkshire completely exited the new position acquired in the second quarter.$Ulta Beauty(ULTA.US)$In the third quarter, Berkshire has significantly reduced its shareholding in this Cosmetic discount retailer, with the number of shares dropping by 96.49% compared to the second quarter.

Baillie Gifford reduced its holdings in Tesla, NVIDIA, and other Technology stocks in Q4, while Applovin's holdings surged by 54 times.

The total market value of Baillie Gifford, a century-old asset management giant in the United Kingdom, in U.S. stocks for the fourth quarter was 130 billion USD, representing a slight decline compared to the previous period. Among them, the top five holdings are$Amazon (AMZN.US)$、Another important stock to watch is dollar general, of which Amazon holds 17% of the shares. Amazon currently owns 0.015 million electric delivery vehicles and plans to reach 0.1 million by 2030. Since Amazon's last financial report, Rivian has announced a partnership with Volkswagen.、 $NVIDIA(NVDA.US)$ 、$Shopify(SHOP.US)$And$Spotify Technology(SPOT.US)$。

In terms of increased shareholding, the top five stocks added by Baijie Investment are $Applovin(APP.US)$ 、$e.l.f. Beauty(ELF.US)$、$draftkings(dkng.us)$、$Datadog(DDOG.US)$And$PDD Holdings (PDD.US)$Among them, the number of shares held by Applovin surged 54 times compared to the end of the third quarter of 2024. After a significant rise of 148.05% in the fourth quarter of last year, the increase in the stock price reached 57.53% by the close of the US stock market on February 14, 2025.

The top five stocks for Shareholding reduction are respectively $Tesla (TSLA.US)$ 、$Ryanair(RYAAY.US)$、 $NVIDIA(NVDA.US)$ 、 $Spotify Technology(SPOT.US)$ and Another important stock to watch is dollar general, of which Amazon holds 17% of the shares. Amazon currently owns 0.015 million electric delivery vehicles and plans to reach 0.1 million by 2030. Since Amazon's last financial report, Rivian has announced a partnership with Volkswagen. Among them, Bridgewater continued to sell more than 40% of its holding in Tesla, with a reduction amounting to 2.1 billion USD. Additionally, the reduction amount for NVIDIA also reached 1.4 billion USD, with a decrease of 16.7%.

Bridgewater drastically reduced its holdings in the six major Technology companies in Q4, while establishing a position in Tesla, and the holdings in S&P 500 ETF surged more than eight times.

Hedge fund Bridgewater's total market value of U.S. stock holdings in the fourth quarter was 21.8 billion USD, an increase of 4.1 billion USD compared to the previous quarter. Bridgewater established new positions in 83 symbols, increased holdings in 262 symbols, liquidated 165 symbols, and reduced holdings in 343 symbols.

Bridgewater made significant increases in positions in the fourth quarter, $SPDR S&P 500 ETF (SPY.US)$currently holding approximately 8.23 million shares, with a market value of about 4.825 billion USD, accounting for 22.12% of the investment portfolio, a staggering increase of 883.56% compared to the previous quarter. As of the end of the fourth quarter, Bridgewater's top five holdings are respectively $SPDR S&P 500 ETF (SPY.US)$ 、 $iShares Core S&P 500 ETF (IVV.US)$ 、 $iShares Core MSCI Emerging Markets ETF (IEMG.US)$ 、 $Alphabet-A(GOOGL.US)$ and $NVIDIA(NVDA.US)$ 。

It is noteworthy that Bridgewater reduced its holdings in major tech stocks in the fourth quarter, especially among the "Seven Giants" of the US stock market that have garnered much attention in recent years, with significant reductions for all six giants except Tesla. The report shows that in the fourth quarter, Bridgewater... $NVIDIA(NVDA.US)$ 、 $Alphabet-A(GOOGL.US)$ 、 $Meta Platforms (META.US)$ 、$Microsoft (MSFT.US)$、 $Apple (AAPL.US)$ and $Amazon (AMZN.US)$ All have reduced their holdings, with the reductions being 26.44%, 17.31%, 22.58%, 23.34%, 40.19%, and 34.84% respectively. Meanwhile, Bridgewater opened a new position of 0.1536 million shares in the fourth quarter. $Tesla (TSLA.US)$ The current market value of holdings is 62.0254 million USD.

ARK reduced its holdings in its top five stocks in Q4 and saw a significant increase after adding to Tempus AI.

Known as "Cathie Wood" or "Wood, the Queen of Stocks", the ARK Fund led by Cathie Wood had a market value of 12 billion USD in US stocks in the fourth quarter, an increase of 1.1 billion USD compared to the previous quarter. In the fourth quarter, ARK opened 7 new positions, increased positions in 52 stocks, liquidated 11 stocks, and reduced holdings in 123 stocks.

The top five holdings of ARK in the fourth quarter are $Tesla (TSLA.US)$ 、$Roku Inc(ROKU.US)$、$Coinbase(COIN.US)$、$Palantir(PLTR.US)$And$Roblox(RBLX.US)$, however, the five heavily weighted stocks in ARK have all been reduced, with reductions of 28.36%, 4.9%, 6.37%, 29.26%, and 14.35% respectively.

In terms of Shareholding, the top five stocks increased by ARK are as follows: $Amazon (AMZN.US)$ 、 $Tempus AI(TEM.US)$ 、 $illumina(ILMN.US)$ 、$Archer Aviation(ACHR.US)$And$CRISPR Therapeutics(CRSP.US)$Among them, Tempus AI increased their shareholding by over 0.1 billion USD. Since the disclosure of Pelosi's purchase of call options on January 21, 2025, Tempus AI's stock price has continued to rise, with a cumulative increase of 154.45% from January 21 to February 14.

In terms of reducing shareholding, besides the five major holdings mentioned above, ARK also adjusted its positions in other stocks.$Robinhood(HOOD.US)$、 $Block(XYZ.US)$. And$Unity Software(U.US)$Shareholding was reduced for the above stocks.

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Editor/Jeffy