Warren Buffett (Berkshire Hathaway) announced that he had sold his shares in General Motors and Procter & Gamble, as well as reducing his stake in Amazon by 5%, in Aon by 5%, in HP by 15% and in Chevron by 10%. Berkshire also appears to have sold its stake in Celanese, a specialty materials company. It bought shares in billionaire John Malone's Liberty Global and Sirius XM companies. The firm acquired a new position with an $8 million stake in Atlanta Braves Holdings, which indirectly controls the Atlanta Braves baseball team and The Battery Atlanta mixed-use real estate complex.

Terry Smith (Fundsmith) trimmed several dozen positions to strengthen his holdings in Marriott (3.5% of his US portfolio) and Fortinet (+112% to 1.3% of his US portfolio). He also opened two small lines on McDonald's and Oddity Tech.

Daniel Loeb (Third Point) strengthened his position in PG&E Corporation, his first long position, as well as Microsoft (+46%), Amazon, Intercontinental Exchange, Jacobs Solutions, Uber Technologies, Option Care Health, Vistra and Hertz Global. He trimmed his positions in Danaher by 5% (his 3rd position), DuPont de Nemours, TSMC and Alphabet. He opened new lines on Meta Platforms (6th position in his long portfolio with a weighting of 5%), United States Steel, T-Mobile and Regal Rexnord.

Chuck Akre (Akre Capital Management) slightly trimmed almost all these lines except American Tower, KKR and CoStar, which he reinforced. No positions were opened.

David Tepper (Appaloosa Management) reduced his investments in semiconductors (Intel, AMD, Qualcomm) and Asian companies (Baidu, Alibaba Group, JD.com and TSMC). It has strengthened its positions in big tech: Meta Platforms (+29%), Microsoft (+31%), Amazon (+18%) and Alphabet (+19%), as well as in Nvidia, Uber Technologies, Pinduoduo and Caesars Entertainment, and has initiated a position in KE Holdings.

Howard Marks (Oaktree Capital Management) still has a substantial initial position in Torm, which has not been reduced. He added to his holdings in Vale, the Brazilian company, Freeport-McMoran, Banco Bradesco, AngloGold Ashanti, Infosys, JD.com and Daqo New Energy. In particular, he lightened Chesapeake Energy, Star Bulk Carriers and Vistra. He also opened smaller lines (Macy's, Biebold Nixdorf, etc.), but for less than 0.25% of his portfolio.

Pat Dorsey (Dorsey Asset Management) reduced his position in Meta Platforms by a quarter, after a fine year-to-date performance. Nevertheless, it remains his top holding, accounting for 18% of his US portfolio. He also trimmed Smartsheet, Wix.com, Walt Disney and Upwork. This enabled him to strengthen Alphabet (+23%), Paypal, HERC Holdings and open a line on Dollar General.

Seth Klarman (Baupost Group) reduced his positions in Liberty Global (-5%), Alphabet, Viasat, SS&C Technologies and Qorvo, and reinforced Willis Towers Watson, CRH and Dollar General. Like Warren Buffett, he initiated new lines on Clarivate, Tower Semiconductor, Jacobs Solutions and Liberty Media.

Bill Ackman (Pershing Square Capital Management) strengthened his position in Hilton Worldwide Holdings, Howard Hughes Holdings and Alphabet (doubling his line). He reduced his position in Lowe's. He did not open any new lines.

Michael Burry (Scion Asset Management) increased his position in Stellantis, his first long position, as well as Nexstar, Media Group, Star Bulk Carriers, Hudson Pacific Properties and Safe Bulkers. It reduced its positions in Crescent Energy and The RealReal. He opened new lines on Booking Holding (4th position in his long portfolio with a weighting of 10.5%), Alibaba Group Holdings and JD.com.