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Newsquawk Quarterly 13-F filing summary

Newsquawk Staff ·

Appaloosa Management

  • New: SNDK, giving the fund fresh exposure to storage/semiconductor hardware.
  • Raised: AMZN, UBER, VST, MU, showing added conviction in mega-cap tech, platform growth, power/AI infrastructure, and semiconductors.
  • Cut: BABA, MSFT, WHR, META, and QCOM, reducing exposure across China tech, US mega-cap tech, consumer durables, and chips.
  • Exited: AAL, OC, MHK, IQV, and UAL, removing airlines, building products, and healthcare services exposure.
  • Top holdings: Portfolio remains led by AMZN, MU, GOOG, UBER, and TSM, keeping a clear tech/AI and platform-growth bias.

Berkshire Hathaway

  • New: DAL and M, marking new exposure to airlines and department-store retail.
  • Raised: GOOGL, NYT, and LEN, adding to internet/media and housing exposure.
  • Cut: BAC, CVX, STZ, and NUE, trimming financials, energy, beverages, and steel.
  • Exited: V, MA, UNH, DPZ, and AON, removing payments, healthcare, restaurants, and insurance brokerage exposure.
  • Top holdings: Remains concentrated in AAPL, AXP, KO, BAC, and CVX, keeping the portfolio anchored in large-cap quality, consumer franchises, financials, and energy.

Elliott Management

  • New: NCLH and RIG, giving the fund new exposure to travel/leisure and offshore drilling.
  • Raised: HPE, SDRL, and HDB, adding to enterprise tech, offshore energy, and Indian financials.
  • Cut: LUV and TFPM, reducing exposure to airlines and precious metals royalties.
  • Exited: HYG, BILL, ST, and FSK, removing high-yield credit ETF, fintech, industrial sensor, and BDC exposure.
  • Top holdings: TFPM, PSX, SU, LUV, and HPE, with additional activist focus on BIO and SOAGY.

Icahn Enterprises

  • Raised: CVI and SD, adding further to energy exposure.
  • Cut: SATS, reducing satellite/communications exposure.
  • Exited: SWX, removing utility exposure.
  • Top holdings: Icahn remains concentrated in IEP, CVI, UAN, CTRI, and IFF, with the portfolio still heavily exposed to energy and controlled/strategic holdings.

JANA Partners

  • Raised: FISV, ALKT, and COO, adding to payments, digital banking software, and healthcare products.
  • Cut: MRCY and MKL, reducing aerospace/defence tech and insurance exposure.
  • Exited: FRPT, removing pet-food exposure.
  • Top holdings: Portfolio is led by MRCY, COO, FISV, and LW, keeping a mix of activist-style industrial/tech, healthcare, financial technology, and consumer exposure.

Lone Pine Capital

  • New: TER, GLW, MTZ, USFD, and PFGC, expanding into semiconductor testing, glass/optical components, infrastructure services, and food distribution.
  • Raised: CRS, ASML, CLH, ENTG, and TLN, adding to aerospace/materials, semiconductor equipment, environmental services, chip supply chain, and power generation.
  • Cut: KKR, TSM, VMC, APH, and BAM, trimming private markets, semis, aggregates, connectors, and infrastructure/asset management exposure.
  • Exited: AVGO, MSFT, DASH, AMZN, and PM, removing major chip, software, platform, delivery, and tobacco names.
  • Top holdings: VST, ASML, CRS, LPLA, and APP, pointing to a portfolio tilted toward AI power, semicap equipment, specialist materials, financial platforms, and ad-tech.

Omega Advisors

  • New: COF and AMZN, adding financials and mega-cap internet exposure.
  • Raised: OMF, PLGO, TDAY, and MANU, adding to consumer finance, insurance, media, and sports/franchise exposure.
  • Cut: ELV and AESI, reducing healthcare insurance and energy services exposure.
  • Exited: RRX and OXY, removing industrial machinery and oil exposure.
  • Top holdings: VRT, RKT, ET, MIR, and PLGO, with exposure spread across AI infrastructure, mortgage/consumer finance, energy midstream, nuclear/radiation technology, and insurance.

Paulson & Co.

  • New: FOLD, giving the fund new biotech exposure.
  • Raised: THM and THRY, adding to mining and small-business software/services.
  • Cut: MDGL, reducing biotech exposure while still keeping it as a top holding.
  • Exited: SOLS, removing specialty materials exposure.
  • Top holdings: PPTA, MDGL, AAMI, BHC, and NG, leaving the portfolio focused on resources, healthcare/biotech, and select financial exposure.

Pershing Square

  • New: MSFT, introducing a major mega-cap software/AI position.
  • Raised: AMZN, adding further to large-cap internet and cloud exposure.
  • Cut: GOOGL, BN, UBER, QSR, and META, reducing exposure across mega-cap internet, asset management, mobility, restaurants, and social media.
  • Exited: HLT, removing hotel/lodging exposure.
  • Top holdings: No top-holdings list was provided, but the activity points to increased emphasis on Microsoft and Amazon while reducing several existing platform and consumer-facing holdings.

Soros Fund Management

  • New: LIN, HTO, PEN, BRK.B, and WBS, adding exposure to industrial gases, water utilities, medical devices, diversified conglomerates, and regional banking.
  • Raised: EA, SEE, TSM, HON, and NVDA, adding to gaming, packaging, semiconductors, industrials, and AI chips.
  • Cut: AMZN, SPY, DIS, CRM, and FIGR, reducing broad market, consumer/media, cloud software, fintech, and mega-cap internet exposure.
  • Exited: XHB, TTWO, RDN, ADI, and VVX, removing homebuilders, gaming, mortgage insurance, analog semis, and defence services exposure.
  • Top holdings: AMZN, EA, NVDA, TSM, and GOOGL, leaving Soros still heavily exposed to mega-cap tech, AI, semiconductors, and gaming.

Starboard Value

  • New: LW, KMX, and GPGI, adding exposure to packaged food/agriculture, used autos, and GPGI.
  • Raised: RIOT and TRIP, adding to crypto mining and online travel.
  • Cut: GEN, CWAN, HR, BDX, and FLR, reducing exposure to cybersecurity, SaaS, healthcare real estate, medical devices, and engineering/construction.
  • Exited: ADSK and CRM, removing design software and enterprise software exposure.
  • Top holdings: QRVO, KVUE, MTCH, and AQN, showing a mix of semis, consumer health, internet, and utility/infrastructure exposure.

Third Point

  • New: META, GOOGL, GLD, HUT, and TDG, adding mega-cap internet, gold, crypto mining, and aerospace exposure.
  • Raised: SPRY, adding to biotech/pharma exposure.
  • Cut: NVDA, UNP, NSC, COF, and LYV, reducing AI chips, railroads, financials, and entertainment exposure.
  • Exited: PCG, MSFT, BAM, CASY, and CSGP, removing utilities, software, asset management, convenience retail, and real estate data exposure.
  • Top holdings: AMZN, TDS, CRH, SGI, and CRS, giving the portfolio a mix of internet, telecom, building materials, consumer, and specialist materials exposure.

Tiger Global

  • New: MELI, LITE, EQPT, and INTC, adding e-commerce/fintech, optical components, private equipment rental exposure, and semiconductors.
  • Raised: TSM, AMAT, AVGO, NVDA, and SPOT, adding heavily to semiconductors, AI hardware, chip equipment, and digital media.
  • Cut: MSFT, TTWO, RDDT, APO, and APP, reducing software, gaming, social media, alternative asset management, and ad-tech exposure.
  • Exited: FLUT, VEEV, GRAB, WDAY, and ESTC, removing online gambling, life-sciences software, Southeast Asian internet, HR software, and search/data software exposure.
  • Top holdings: GOOGL, NVDA, AMZN, TSM, and META, leaving the portfolio heavily concentrated in mega-cap tech, AI, semiconductors, and platform internet names.

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