Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.

Takeaways From 13F Season: Investors who follow particular fund managers can easily look up what each was buying and selling in the quarter, but other investors may be more interested in overall themes from 13F filings. The first quarter of 2022 was a brutal quarter for the S&P 500, and investors were likely interested in what top managers were buying and selling heading into the second quarter.

• Google parent Alphabet has the attention of fund managers, with Tepper and Loeb selling and Soros and Klarman buying.
• Occidental Petroleum and other energy stocks were also popular trades among fund managers as energy prices soared. Tepper and Icahn sold Occidental shares, while Buffett aggressively increased his stake.
• Buffett was buying energy and financial sector stocks in an environment of elevated inflation and rising interest rates.
• Several fund managers traded ETFs to play particular themes. Einhorn bought the GLD ETF to hedge against inflation, while Tepper took some profits on the red-hot energy sector by selling the XLE fund.

Here's a rundown of how the smart money was playing some of the most popular stocks last quarter.

Related Link: What Is The Buffett Indicator?

David Einhorn's Greenlight Capital

Notable Q1 Buys/Increases:

• Southwestern Energy Company NYSE:SWN
• Warner Bros Discovery Inc NASDAQ:WBD
• Weatherford International plc NASDAQ:WFRD
• Kyndryl Holdings Inc NYSE:KD
• SPDR Gold Trust NYSE:GLD

Notable Q1 Sells/Reductions:

• Jack in the Box Inc. NASDAQ:JACK
• Twitter Inc NYSE:TWTR
• GoPro Inc NASDAQ:GPRO

David Tepper's Appaloosa Management

Notable Q1 Buys/Increases:

• Uber Technologies Inc NYSE:UBER
• Amazon.com, Inc. NASDAQ:AMZN
• Microsoft Corporation NASDAQ:MSFT

Notable Q1 Sells/Reductions:

• T-Mobile Us Inc NASDAQ:TMUS
• General Motors Company NYSE:GM
• D R Horton Inc NYSE:DHI
• Occidental Petroleum Corporation NYSE:OXY
• Energy Select Sector SPDR Fund NYSE:XLE
• Meta Platforms Inc NASDAQ:FB
• Alphabet, Inc. NASDAQ:GOOG NASDAQ:GOOGL

Dan Loeb's Third Point

Notable Q1 Buys/Increases:

• CSX Corporation NASDAQ:CSX

Notable Q1 Sells/Reductions:

• Amazon.com, Inc. NASDAQ:AMZN
• Alphabet, Inc. NASDAQ:GOOG NASDAQ:GOOGL
• Upstart Holdings Inc NASDAQ:UPST
• Microsoft Corporation NASDAQ:MSFT
• Walt Disney Co NYSE:DIS

Barry Rosenstein's Jana Partners

Notable Q1 Buys/Increases:

• Zendesk Inc NYSE:ZEN

Notable Q1 Sells/Reductions:

• Macy's Inc NYSE:M
• Mercury Systems Inc NASDAQ:MRCY
• LivePerson, Inc. NASDAQ:LPSN
• SPDR S&P 500 ETF Trust NYSE:SPY
• Encompass Health Corp NYSE:EHC
• Laboratory Corp. of America Holdings NYSE:LH
• TreeHouse Foods Inc. NYSE:THS

Jeff Smith's Starboard Value

Notable Q1 Buys/Increases:

• Humana Inc NYSE:HUM
• Mercury Systems Inc NASDAQ:MRCY
• Kohl's Corporation NYSE:KSS
• LivePerson, Inc. NASDAQ:LPSN
• Godaddy Inc NYSE:GDDY

Notable Q1 Sells/Reductions:

• Huntsman Corporation NYSE:HUN
• Corteva Inc NYSE:CTVA
• Cerner Corporation NASDAQ:CERN

Warren Buffett's Berkshire Hathaway

Notable Q1 Buys/Increases:

• Chevron Corporation NYSE:CVX
• Occidental Petroleum Corporation NYSE:OXY
• Activision Blizzard, Inc. NASDAQ:ATVI
• HP Inc NYSE:HPQ
• Citigroup Inc NYSE:C
• Paramount Global NASDAQ:PARA
• Celanese Corporation NYSE:CE
• McKesson Corporation NYSE:MCK
• Markel Corporation NYSE:MKL
• Ally Financial Inc NYSE:ALLY

Notable Q1 Sells/Reductions:

• Verizon Communications Inc. NYSE:VZ

George Soros' Soros Fund Management

Notable Q1 Buys/Increases:

• Cerner Corporation NASDAQ:CERN
• Zynga Inc NASDAQ:ZNGA
• Alphabet, Inc. NASDAQ:GOOG NASDAQ:GOOGL
• Nike Inc NYSE:NKE

Notable Q1 Sells/Reductions:

• Liberty Broadband NASDAQ:LBRDK
• Activision Blizzard, Inc. NASDAQ:ATVI
• Amazon.com, Inc. NASDAQ:AMZN
• General Motors Company NYSE:GM

Carl Icahn's Icahn Capital

Notable Q1 Buys/Increases:

• Icahn Enterprises LP NASDAQ:IEP
• International Flavors & Fragrances Inc NYSE:IFF
• Xerox Holdings Corp NASDAQ:XRX

Notable Q1 Sells/Reductions:

• Occidental Petroleum Corporation NYSE:OXY
• Cheniere Energy, Inc. NYSE:LNG
• Newell Brands Inc NASDAQ:NWL
• Delek US Holdings Inc NYSE:DK

Bill Ackman's Pershing Square Capital

Notable Q1 Buys/Increases:

• Netflix Inc NASDAQ:NFLX
• Canadian Pacific Railway Ltd NYSE:CP

Notable Q1 Sells/Reductions:

• Hilton Hotels Corporation NYSE:HLT
• Domino's Pizza, Inc. NYSE:DPZ
• Lowe's Companies Inc NYSE:LOW
• Restaurant Brands International Inc NYSE:QSR

Seth Klarman's Baupost Group

Notable Q1 Buys/Increases:

• Encompass Health Corp NYSE:EHC
• Fiserv Inc NASDAQ:FISV
• Alphabet, Inc. NASDAQ:GOOG NASDAQ:GOOGL
• Dropbox Inc NASDAQ:DBX

Notable Q1 Sells/Reductions:

• Pershing Square Tontine Holdings Ltd NYSE:PSTH
• NortonLifeLock Inc NASDAQ:NLOK
• Meta Platforms Inc NASDAQ:FB
• Intel Corporation NASDAQ:INTC