13F seasons · Q4 2024
Q4 2024 13F season: what concentrated managers added and dropped
Summary of the Dec 31, 2024 portfolios of concentrated managers: a group defined by the shape of the portfolio (5 to 100 stocks, at least 45% in the top 10 and low turnover), not by size or fame. It includes small firms and filers with an unverified type, and each one counts the same. Further down, separately, the 47 hand-picked well-known investors. Definition.
Stocks most managers added
- AlphabetGOOGL+16 (232→248)
20 opened · 4 exited = +16 · already held it: 51 added, 82 trimmed · net flow −$733M
- Capital One FinancialCOF+16 (22→38)
17 opened · 1 exited = +16 · already held it: 5 added, 7 trimmed · net flow +$1.5 bn
- Nebius GroupNBIS+16 (3→19)
17 opened · 1 exited = +16 · already held it: 1 added, 1 trimmed · net flow +$768M
- RedditRDDT+14 (12→26)
16 opened · 2 exited = +14 · already held it: 3 added, 7 trimmed · net flow +$1.9 bn
- BroadcomAVGO+11 (84→95)
19 opened · 8 exited = +11 · already held it: 16 added, 35 trimmed · net flow +$1.2 bn
- Robinhood MarketsHOOD+11 (8→19)
12 opened · 1 exited = +11 · already held it: 3 added, 4 trimmed · net flow +$475M
- TeslaTSLA+9 (62→71)
14 opened · 5 exited = +9 · already held it: 18 added, 23 trimmed · net flow −$262M
- Ishares Bitcoin Trust ETFIBIT+9 (9→18)
9 opened · 0 exited = +9 · already held it: 4 added, 3 trimmed · net flow +$443M
- Eli LillyLLY+8 (90→98)
14 opened · 6 exited = +8 · already held it: 28 added, 25 trimmed · net flow +$1.1 bn
- SalesforceCRM+8 (77→85)
13 opened · 5 exited = +8 · already held it: 17 added, 37 trimmed · net flow −$2.3 bn
- Spotify TechnologySPOT+8 (33→41)
8 opened · 0 exited = +8 · already held it: 9 added, 15 trimmed · net flow +$1.4 bn
- BoeingBA+8 (22→30)
12 opened · 4 exited = +8 · already held it: 7 added, 7 trimmed · net flow +$226M
- United Airlines HoldingsUAL+8 (13→21)
9 opened · 1 exited = +8 · already held it: 6 added, 5 trimmed · net flow +$458M
- Amazon.comAMZN+7 (266→273)
13 opened · 6 exited = +7 · already held it: 60 added, 130 trimmed · net flow −$3.6 bn
- Taiwan Semiconductor ManufacturingTSM+7 (124→131)
11 opened · 4 exited = +7 · already held it: 39 added, 50 trimmed · net flow +$23.2M
Stocks most managers dropped
- IntelINTC-12 (39→27)
0 opened · 12 exited = −12 · already held it: 4 added, 13 trimmed · net flow −$384M
- AdobeADBE-11 (96→85)
5 opened · 16 exited = −11 · already held it: 31 added, 31 trimmed · net flow +$303M
- Alibaba Group HoldingBABA-11 (62→51)
4 opened · 16 exited · 1 more with no comparable data = −11 · already held it: 11 added, 22 trimmed · net flow −$1.6 bn
- StarbucksSBUX-10 (50→40)
0 opened · 10 exited = −10 · already held it: 8 added, 20 trimmed · net flow −$674M
- Vertex PharmaceuticalsVRTX-9 (26→17)
0 opened · 9 exited = −9 · already held it: 2 added, 6 trimmed · net flow +$402M
- BaiduBIDU-9 (20→11)
0 opened · 9 exited = −9 · already held it: 6 added, 3 trimmed · net flow −$263M
- Coca-ColaKO-8 (78→70)
0 opened · 8 exited = −8 · already held it: 16 added, 17 trimmed · net flow −$2.0 bn
- AmgenAMGN-8 (51→43)
2 opened · 10 exited = −8 · already held it: 10 added, 9 trimmed · net flow −$229M
- Capri HoldingsCPRI-8 (10→2)
0 opened · 8 exited = −8 · already held it: 0 added, 2 trimmed · net flow −$89.9M
- Union PacificUNP-7 (70→63)
0 opened · 7 exited = −7 · already held it: 15 added, 12 trimmed · net flow −$376M
Ordered by the net change in the number of managers holding the stock (those who opened minus those who exited), not by dollars or shares: a stock can rank first with more new holders while most of those who already held it are trimming. “Already held it” shows that on each row. “No comparable data”: managers whose previous-quarter portfolio we cannot compare (first 13F, or they did not file that quarter), plus spin-offs and corporate exits (mergers, delistings). They change the count without being a clean buy or sale. It is a net figure: “more” when more of them enter the count than leave it, “fewer” when it is the other way round.
“Net flow”: shares added minus shares cut, in dollars, at the 13F quarter-end implied price, not each trade's price. It can have the opposite sign to the change in managers.
Well-known investors: where they agree and where they don't
A different group from the one above: the 47 investors with their own page on the site, hand-picked. Their moves of 0.5 points of the portfolio or more this quarter, grouped by stock. They appear under the person's name when the page carries it and under the firm's name otherwise; the 13F is always the firm's.
Split
Some bought what others sold: the same stock, two opposite reads.
- Amazon.comAMZN
▲ buying: Stanley Druckenmiller, ValueAct, Cathie Wood and 2 more · 3 new positions
▼ selling: David Tepper, Dan Loeb, Viking Global and 2 more
- SalesforceCRM
▲ buying: Soros Fund, Ken Griffin, Steve Cohen · 1 new position
▼ selling: Lone Pine, Starboard Value, ValueAct and 1 more
- AlphabetGOOGL
▲ buying: Viking Global, Soros Fund
▼ selling: Ray Dalio, Prem Watsa, Tom Russo and 1 more · 2 full exits
▲ buying: Viking Global, Soros Fund, Ken Griffin and 1 more · 2 new positions
▼ selling: Tiger Global, Lone Pine · 1 full exit
- IntuitINTU
▲ buying: Viking Global, Lone Pine, Steve Cohen
▼ selling: Nick Train, Dev Kantesaria
- MicrosoftMSFT
▲ buying: Chris Hohn, Steve Cohen
▼ selling: Stanley Druckenmiller, Dan Loeb, Terry Smith · 1 full exit
▲ buying: Tiger Global, Coatue
▼ selling: Viking Global, Lone Pine, Dan Sundheim
▲ buying: David Tepper
▼ selling: Michael Burry, Coatue, Soros Fund
- BlockXYZ
▲ buying: Dragoneer
▼ selling: Lone Pine, Cathie Wood, Dan Sundheim · 1 full exit
- Meta PlatformsMETA
▲ buying: Dan Loeb, Lone Pine
▼ selling: David Tepper, Terry Smith
Agree on buying
Two or more bought it and none sold.
- Eli LillyLLY
▲ buying: Stanley Druckenmiller, Tiger Global, Lone Pine · 2 new positions
▲ buying: Dan Loeb, Nick Train, Jeremy Grantham · 2 new positions
▲ buying: Dan Sundheim, Bill Nygren · 2 new positions
▲ buying: Soros Fund, Ken Griffin · 1 new position
- At&tT
▲ buying: Ray Dalio, Steve Cohen · 1 new position
- BoeingBA
▲ buying: Viking Global, Ken Griffin · 1 new position
▲ buying: Bill Ackman, Stanley Druckenmiller · 1 new position
- Charles SchwabSCHW
▲ buying: Coatue, Viking Global · 1 new position
- DanaherDHR
▲ buying: Soros Fund, Steve Cohen · 1 new position
- EquifaxEFX
▲ buying: Dev Kantesaria, Bill Nygren · 1 new position
Agree on selling
Two or more sold it and none bought.
- Lam ResearchLRCX
▼ selling: David Tepper, Tiger Global, Coatue and 3 more
- AppleAAPL
▼ selling: Dan Loeb, Viking Global, Terry Smith · 3 full exits
- Berkshire HathawayBRK/B
▼ selling: Gates Foundation Trust, Semper Augustus, Tom Russo
▼ selling: Dan Loeb, Dan Sundheim, Mason Hawkins
- AdobeADBE
▼ selling: David Tepper, Viking Global · 1 full exit
▼ selling: Dan Loeb, Glenn Greenberg · 1 full exit
- BroadcomAVGO
▼ selling: Stanley Druckenmiller, Coatue · 1 full exit
▼ selling: Bill Ackman, Coatue · 1 full exit
▼ selling: Seth Klarman, Soros Fund · 1 full exit
▼ selling: Coatue, Viking Global · 1 full exit
New positions worth 5% or more of the portfolio
Positions a concentrated manager did not hold the previous quarter that are already 5% or more of its portfolio. Stocks with fewer than three quarters in 13F filings are left out (recent IPOs and mergers, where the “purchase” may have been earlier and private), as are transfers between entities of the same manager.
- Blacksheep Fund ManagementopenedLiberty Media44.1%
- Alpine Investment ManagementopenedPDD Holdings24.8%
- Alfreton Capital LLPopenedVisa20.4%
- Long Corridor Asset ManagementopenedIncyte19.8%
- Alpine Investment ManagementopenedTaiwan Semiconductor Manufacturing19.0%
- Kadensa CapitalopenedAmazon.com18.1%
- Theleme Partners LLPopenedBank of America17.7%
- TB Alternative AssetsopenedBoeing17.5%
- Wolf Hill Capital ManagementopenedGEO Group15.1%
- Browning WestopenedCAE15.1%
- Webs Creek Capital ManagementopenedOvintiv13.0%
- Cape Ann Asset ManagementopenedMacro Bank12.7%
- Cape Ann Asset ManagementopenedCopa Holdings12.7%
- Theleme Partners LLPopenedWells Fargo12.5%
- Trybe Capital ManagementopenedSalesforce12.2%
The Q3 2026 season builds itself in your account
Follow the managers you care about and see their new 13F filings in Following as they come in.
Source: 13F filings with the SEC, filed up to 45 days after quarter end. Not investment advice.