13F seasons · Q1 2026
Q1 2026 13F season: what concentrated managers added and dropped
Summary of the Mar 31, 2026 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
- Lumentum HoldingsLITE+18 (17→35)
19 opened · 1 exited = +18 · already held it: 3 added, 13 trimmed · net flow −$567M
- NVIDIANVDA+15 (182→197)
21 opened · 6 exited = +15 · already held it: 65 added, 74 trimmed · net flow +$1.7 bn
- SandiskSNDK+13 (14→27)
14 opened · 1 exited = +13 · already held it: 0 added, 12 trimmed · net flow −$1.1 bn
- Applied MaterialsAMAT+12 (42→54)
16 opened · 4 exited = +12 · already held it: 5 added, 27 trimmed · net flow −$1.5 bn
- WatersWAT+12 (14→26)
13 opened · 1 exited = +12 · already held it: 2 added, 11 trimmed · net flow −$1.2 bn
- Micron TechnologyMU+11 (34→45)
15 opened · 4 exited = +11 · already held it: 12 added, 14 trimmed · net flow +$104M
- Akamai TechnologiesAKAM+11 (4→15)
12 opened · 1 exited = +11 · already held it: 2 added, 1 trimmed · net flow +$483M
- GE VernovaGEV+9 (53→62)
12 opened · 3 exited = +9 · already held it: 9 added, 23 trimmed · net flow −$980M
- Taiwan Semiconductor ManufacturingTSM+8 (150→158)
12 opened · 4 exited = +8 · already held it: 36 added, 78 trimmed · net flow −$3.6 bn
- S&P GlobalSPGI+8 (57→65)
15 opened · 7 exited = +8 · already held it: 20 added, 20 trimmed · net flow +$1.8 bn
- CorningGLW+8 (28→36)
10 opened · 3 exited · 1 more with no comparable data = +8 · already held it: 1 added, 15 trimmed · net flow +$801M
- Relmada TherapeuticsRLMD+8 (2→10)
8 opened · 0 exited = +8 · already held it: 0 added, 1 trimmed · net flow +$84.3M
- ASML HoldingASML+7 (49→56)
12 opened · 5 exited = +7 · already held it: 11 added, 27 trimmed · net flow −$399M
- KLAKLAC+7 (16→23)
9 opened · 2 exited = +7 · already held it: 3 added, 5 trimmed · net flow +$159M
- MKSMKSI+7 (8→15)
9 opened · 2 exited = +7 · already held it: 3 added, 3 trimmed · net flow +$790M
- Zura BioZURA+7 (2→9)
7 opened · 0 exited = +7 · already held it: 2 added, 0 trimmed · net flow +$63.9M
- Venture GlobalVG+7 (1→8)
7 opened · 0 exited = +7 · already held it: 0 added, 0 trimmed · net flow +$132M
- Johnson & JohnsonJNJ+6 (105→111)
6 opened · 0 exited = +6 · already held it: 11 added, 42 trimmed · net flow −$570M
- ServiceNowNOW+6 (54→60)
16 opened · 11 exited · 1 more with no comparable data = +6 · already held it: 16 added, 17 trimmed · net flow −$901M
- AmphenolAPH+6 (44→50)
6 opened · 0 exited = +6 · already held it: 6 added, 28 trimmed · net flow −$756M
- IntelINTC+6 (30→36)
10 opened · 4 exited = +6 · already held it: 7 added, 7 trimmed · net flow +$813M
- Lam ResearchLRCX+6 (30→36)
8 opened · 2 exited = +6 · already held it: 6 added, 13 trimmed · net flow +$166M
- Dianthus TherapeuticsDNTH+6 (19→25)
7 opened · 1 exited = +6 · already held it: 7 added, 8 trimmed · net flow +$431M
- CrowdStrike HoldingsCRWD+6 (17→23)
8 opened · 2 exited = +6 · already held it: 8 added, 4 trimmed · net flow +$47.6M
- ToastTOST+6 (14→20)
8 opened · 2 exited = +6 · already held it: 7 added, 4 trimmed · net flow +$173M
Stocks most managers dropped
- SalesforceCRM-15 (63→48)
7 opened · 22 exited = −15 · already held it: 18 added, 13 trimmed · net flow −$836M
- OracleORCL-14 (67→53)
4 opened · 18 exited = −14 · already held it: 16 added, 17 trimmed · net flow −$1.0 bn
- FiservFISV-14 (36→22)
2 opened · 16 exited = −14 · already held it: 10 added, 7 trimmed · net flow −$75.6M
- MicrosoftMSFT-13 (277→264)
12 opened · 25 exited = −13 · already held it: 88 added, 106 trimmed · net flow −$10.2 bn
- AdobeADBE-12 (56→44)
7 opened · 18 exited · 1 fewer with no comparable data = −12 · already held it: 9 added, 16 trimmed · net flow −$565M
- SeaSE-12 (47→35)
4 opened · 16 exited = −12 · already held it: 16 added, 8 trimmed · net flow −$42.0M
- TeslaTSLA-10 (62→52)
4 opened · 14 exited = −10 · already held it: 17 added, 9 trimmed · net flow +$719M
- NikeNKE-10 (44→34)
2 opened · 12 exited = −10 · already held it: 8 added, 13 trimmed · net flow −$704M
- AccentureACN-9 (53→44)
2 opened · 11 exited = −9 · already held it: 10 added, 21 trimmed · net flow −$778M
- PayPal HoldingsPYPL-8 (32→24)
4 opened · 11 exited · 1 fewer with no comparable data = −8 · already held it: 5 added, 9 trimmed · net flow +$118M
- Flutter EntertainmentFLUT-8 (26→18)
2 opened · 10 exited = −8 · already held it: 7 added, 7 trimmed · net flow −$525M
- CoStar GroupCSGP-8 (24→16)
4 opened · 12 exited = −8 · already held it: 3 added, 7 trimmed · net flow −$253M
- InfosysINFY-8 (14→6)
0 opened · 8 exited = −8 · already held it: 2 added, 2 trimmed · net flow −$447M
- SynopsysSNPS-7 (35→28)
5 opened · 12 exited = −7 · already held it: 7 added, 13 trimmed · net flow −$732M
- AutodeskADSK-7 (23→16)
3 opened · 10 exited = −7 · already held it: 1 added, 7 trimmed · net flow −$407M
- DuolingoDUOL-7 (10→3)
0 opened · 7 exited = −7 · already held it: 1 added, 2 trimmed · net flow −$291M
- Meta PlatformsMETA-6 (199→193)
12 opened · 18 exited = −6 · already held it: 55 added, 80 trimmed · net flow −$789M
- Alibaba Group HoldingBABA-6 (46→40)
3 opened · 9 exited = −6 · already held it: 7 added, 19 trimmed · net flow −$1.2 bn
- CarvanaCVNA-6 (34→28)
1 opened · 7 exited = −6 · already held it: 16 added, 8 trimmed · net flow +$55.6M
- Novo Nordisk A/sNVO-6 (24→18)
1 opened · 7 exited = −6 · already held it: 6 added, 4 trimmed · net flow +$57.1M
- LPL Financial HoldingsLPLA-6 (22→16)
0 opened · 6 exited = −6 · already held it: 8 added, 6 trimmed · net flow −$229M
- Dollar GeneralDG-6 (21→15)
0 opened · 6 exited = −6 · already held it: 2 added, 8 trimmed · net flow −$492M
- Unity SoftwareU-6 (20→14)
5 opened · 11 exited = −6 · already held it: 6 added, 1 trimmed · net flow +$179M
- WorkdayWDAY-6 (18→12)
3 opened · 9 exited = −6 · already held it: 3 added, 2 trimmed · net flow −$296M
- UnitedHealth GroupUNH-5 (78→73)
9 opened · 14 exited = −5 · already held it: 16 added, 27 trimmed · net flow −$2.0 bn
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: Bill Ackman, David Tepper, Seth Klarman and 1 more
▼ selling: Stanley Druckenmiller, Coatue, Viking Global and 4 more · 1 full exit
- MicrosoftMSFT
▲ buying: Bill Ackman, Jeremy Grantham · 1 new position
▼ selling: David Tepper, Dan Loeb, Tiger Global and 6 more · 3 full exits
- VisaV
▲ buying: Seth Klarman, Coatue, Viking Global and 2 more · 2 new positions
▼ selling: Berkshire Hathaway, Akre Capital, Terry Smith and 3 more · 1 full exit
- AlphabetGOOGL
▲ buying: Berkshire Hathaway, Seth Klarman, Dan Loeb and 1 more · 2 new positions
▼ selling: Bill Ackman, Stanley Druckenmiller, Coatue and 3 more · 1 full exit
- Meta PlatformsMETA
▲ buying: Dan Loeb, Tiger Global, Viking Global and 2 more · 3 new positions
▼ selling: David Tepper, Coatue, ValueAct and 2 more · 1 full exit
- NVIDIANVDA
▲ buying: Tiger Global, Soros Fund, Dragoneer and 2 more
▼ selling: Dan Loeb, Coatue, Steve Cohen
▲ buying: David Tepper, Tiger Global, Coatue and 2 more · 1 new position
▼ selling: Lone Pine, Steve Cohen
- BroadcomAVGO
▲ buying: Stanley Druckenmiller, Tiger Global, Cathie Wood and 2 more · 2 new positions
▼ selling: Lone Pine · 1 full exit
- CarvanaCVNA
▲ buying: Viking Global, Dragoneer, Dan Sundheim · 1 new position
▼ selling: Coatue
- CoupangCPNG
▲ buying: Tiger Global, Dragoneer, Dan Sundheim · 1 new position
▼ selling: Stanley Druckenmiller
▲ buying: Jeremy Grantham
▼ selling: Berkshire Hathaway, Akre Capital, Ray Dalio · 1 full exit
- MercadoLibreMELI
▲ buying: Tiger Global, Dan Sundheim · 1 new position
▼ selling: Stanley Druckenmiller, Dragoneer · 1 full exit
- SalesforceCRM
▲ buying: Akre Capital, Bill Nygren · 1 new position
▼ selling: Starboard Value, Ray Dalio · 2 full exits
- Berkshire HathawayBRK/B
▲ buying: Soros Fund · 1 new position
▼ selling: Gates Foundation Trust, Giverny Capital
- DoorDashDASH
▲ buying: Dan Sundheim · 1 new position
▼ selling: Coatue, Lone Pine · 1 full exit
- KKRKKR
▲ buying: ValueAct · 1 new position
▼ selling: Akre Capital, Lone Pine
- Moody'sMCO
▲ buying: Li Lu, Chris Hohn · 1 new position
▼ selling: Akre Capital
▲ buying: Tiger Global, ValueAct · 1 new position
▼ selling: Coatue
▲ buying: Joel Greenblatt
▼ selling: Soros Fund, Ken Griffin
▲ buying: Viking Global, Dan Sundheim · 1 new position
▼ selling: Nick Train
- AdobeADBE
▲ buying: Bill Nygren · 1 new position
▼ selling: Ray Dalio
▲ buying: Lone Pine
▼ selling: Dan Loeb
- DanaherDHR
▲ buying: Dan Sundheim
▼ selling: Steve Cohen · 1 full exit
- FedExFDX
▲ buying: Viking Global · 1 new position
▼ selling: Mason Hawkins
- IntuitINTU
▲ buying: Nick Train
▼ selling: Terry Smith · 1 full exit
Agree on buying
Two or more bought it and none sold.
- NetflixNFLX
▲ buying: Tom Russo, Bill Nygren, Jeremy Grantham
- Hut 8HUT
▲ buying: Dan Loeb, Lone Pine · 2 new positions
▲ buying: Seth Klarman, Paul Singer · 2 new positions
- SandiskSNDK
▲ buying: David Tepper, Stanley Druckenmiller · 2 new positions
- ASML HoldingASML
▲ buying: Coatue, Dev Kantesaria · 1 new position
- AppleAAPL
▲ buying: Viking Global, Joel Greenblatt · 1 new position
- CrocsCROX
▲ buying: Li Lu, David Einhorn · 1 new position
▲ buying: Akre Capital, Bill Nygren · 1 new position
- S&P GlobalSPGI
▲ buying: Li Lu, Chris Hohn · 1 new position
▲ buying: Stanley Druckenmiller, Howard Marks · 1 new position
▲ buying: Tiger Global, Steve Cohen
- Fair IsaacFICO
▲ buying: Akre Capital, Nick Train
▲ buying: David Tepper, Ray Dalio
Agree on selling
Two or more sold it and none bought.
- Walt DisneyDIS
▼ selling: Soros Fund, ValueAct, Nick Train and 1 more · 1 full exit
▼ selling: Dan Loeb, Akre Capital, Lone Pine · 1 full exit
- EntegrisENTG
▼ selling: Stanley Druckenmiller, Dan Sundheim · 2 full exits
- GRAB HoldingsGRAB
▼ selling: Tiger Global, Howard Marks · 2 full exits
▼ selling: Berkshire Hathaway, Viking Global · 2 full exits
- WorkdayWDAY
▼ selling: Tiger Global, Ray Dalio · 2 full exits
▼ selling: Seth Klarman, Semper Augustus · 1 full exit
- EchoStarECHO
▼ selling: Carl Icahn, Dan Sundheim · 1 full exit
- PDD HoldingsPDD
▼ selling: David Tepper, Dragoneer · 1 full exit
- PepsicoPEP
▼ selling: Nick Train, Steve Cohen · 1 full exit
- Pg&ePCG
▼ selling: Dan Loeb, David Einhorn · 1 full exit
▼ selling: Lone Pine, Terry Smith · 1 full exit
▼ selling: Dan Loeb, ValueAct · 1 full exit
▼ selling: David Einhorn, Bill Nygren · 1 full exit
- AirbnbABNB
▼ selling: Akre Capital, Cathie Wood
- FluorFLR
▼ selling: David Einhorn, Starboard Value
- GE VernovaGEV
▼ selling: Coatue, Ray Dalio
- Lam ResearchLRCX
▼ selling: Ray Dalio, Jeremy Grantham
- PayPal HoldingsPYPL
▼ selling: Ray Dalio, Mason Hawkins
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.
- Brilliance Asset ManagementopenedKanzhun19.7%
- Condire ManagementopenedCoeur Mining18.0%
- Gate City Capital ManagementopenedHarley-Davidson17.9%
- RWC Asset Advisors (us)openedPetrobras - Petroleo Brasileiro17.8%
- Ma Investment PartnershipopenedNVIDIA16.8%
- Brilliance Asset ManagementopenedFull Truck Alliance16.0%
- Pershing Square Capital ManagementopenedMicrosoft15.3%
- FifthdeltaopenedTE Connectivity14.8%
- Linonia PartnershipopenedNew York Times14.1%
- Highland Peak CapitalopenedChemours14.0%
- Khrom Capital ManagementopenedCapital One Financial13.7%
- Dragoneer Investment GroupopenedMeta Platforms13.6%
- Angelo GordonopenedJackson Financial13.6%
- Owls Nest Partners IAopenedTimken13.2%
- HoldCo Asset ManagementopenedFifth Third Bancorp13.1%
- Praetorian PRopenedUniversal Technical Institute13.1%
- Alfreton Capital LLPopenedS&P Global13.1%
- SW Investment ManagementopenedExpeditors International of Washington12.7%
- Ancient ArtopenedMercadoLibre12.0%
- Broad Peak Investment Advisers PteopenedBroadcom11.6%
- Wolf Hill Capital ManagementopenedChemours11.5%
- Hyperion Asset ManagementopenedAlphabet11.3%
- Parsifal Capital ManagementopenedCompass11.2%
- BlueSpruce InvestmentsopenedAlphabet11.1%
- Keenan CapitalopenedAppFolio11.1%
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.