QUARTERLY 13-F FILINGS: Berkshire buys CVX and cuts AMZN; Pershing square exits CMG

Appaloosa

• New Buy: Ball Corporation (BALL).
• Raised: Micron (MU), Alphabet (GOOG), Meta (META), American Air (AAL), Owens Corning (OC).
• Cut: Alibaba (BABA), Whirlpool (WHR), JD.com (JD), Vistra (VST)
• Exited: Fiserv (FISV), Truist Financial (TFC), Caesars Entertainment (CZR), KeyCorp (KEY), Citizens Financial (CFG).
• Top Holdings: Alibaba (BABA), Alphabet (GOOGL), Amazon (AMZN), Micron (MU), Meta (META).

Berkshire Hathaway

• New: New York Times (NYT).
• Raised: Chubb (CB), Chevron (CVX), Domino's Pizza (DPZ), Lamar (LAMR).
• Cut: Amazon (AMZN), Bank of America (BAC), DaVita (DVA), Pool Corp (POOL),  Aon PLC (AON).
• Exited: N/A.
• Top:  Apple (AAPL), American Express (AXP), Bank of America (BAC), Coca-Cola (KO), Chevron (CVX).

Icahn Capital

• New: N/A.
• Raised: Centuri Holdings (CTRI), Monro (MNRO), SandRidge Energy (SD), Icahn Enterprises (IEP)
• Cut: International Flavors (IFF), EchoStar (SATS).
• Exited: N/A.
• Top: Icahn Enterprises (IEP), CVR Energy (CVI), Southwest Gas (SWX), CVR Partners (UAN), EchoStar (SATS)

Jana Partners

• New: Fiserv (FISV).
• Raised: Cooper Companies (COO), Alkami Technology (ALKT), Rapid7 (RPD), Six Flags (FUN).
• Cut: Markel Group (MKL), Mercury Systems (MRCY), Freshpet (FRPT), Enhabit (EHAB).
• Exited: Trimble (TRMB).
• Top: Mercury Systems (MRCY), Cooper Companies (COO), Lamb Weston (LW), Markel Group (MKL).

Lone Pine Capital

• New: ASML (ASML), DoorDash (DASH), Carpenter Technology (CRS), Tenet (THC), Clean Harbors (CLH)
• Raised: KKR (KKR), Nubank (NU), Broadcom (AVGO), Carvana (CVNA), Vulcan Materials (VMC).
• Cut: Philip Morris (PM), AppLovin (APP), Booking (BKNG), Amazon (AMZN), LPL Financial (LPLA).
• Exited: Meta (META), Starbucks (SBUX), EQT Corp (EQT), Flutter (FLUT), Sea Ltd (SE)
• Top: TSMC (TSM), Vistra (VST), Carvana (CVNA), LPL Financial (LPLA), Brookfield (BAM).

Paulson & Co.

• New: Solstice Advanced Materials (SOLS).
• Raised: Bausch Health (BHC), Thryv (THRY).
• Cut: Madrigal Pharma (MDGL).
• Exited: Honeywell (HON), Trilogy Metals (TMQ).
• Top: Madrigal (MDGL), Perpetua Resources (PPTA), Bausch Health (BHC), Acadian Asset Management (AAMI), Novagold Resources (NG).

Pershing Square

• New: Meta Platforms (META).
• Raised: Amazon (AMZN).
• Cut: Alphabet Class A (GOOGL), Uber (UBER), Brookfield (BAM), Hilton Worldwide (HLT), Restaurant Brands (QSR).
• Exited: Chipotle (CMG).
• Top: Brookfield (BAM), Uber (UBER), Amazon (AMZN), Alphabet Class C (GOOG), Meta (META).

Point72

• New: Akamai (AKAM), Visa (V), Micron (MU), Lululemon (LULU), Paylocity (PCTY).
• Raised: TSMC (TSM), Amazon (AMZN), Nvidia (NVDA), Equinix (EQIX), Broadcom (AVGO).
• Cut: Meta (META), Airbnb (ABNB), Microsoft (MSFT), T-Mobile (TMUS), S&P Global (SPGI).
• Exited: Confluent (CFLT), HP Enterprise (HPE), Walmart (WMT), TransUnion (TRU), Church & Dwight (CHD).
• Top: Nvidia (NVDA), TSMC (TSM), Amazon (AMZN), Microsoft (MSFT), Arista Networks (ANET).

Starboard Value

• New: Clearwater Analytics (CWAN), Fluor (FLR)
• Raised: Kenvue (KVUE), Riot Platforms (RIOT), TripAdvisor (TRIP), Match Group (MTCH).
• Cut: Autodesk (ADSK), News Corp. (NWSA), Gen Digital (GEN), Healthcare Realty Trust (HR), Salesforce (CRM).
• Exited: Alight (ALIT)
• Top: Qorvo (QRVO), Kenvue (KVUE), Algonquin Power (AQN), Bill (BILL), Match Group (MTCH).

Third Point

• New: Progressive (PGR), Chipotle (CMG), ARS Pharmaceutical (SPRY)
• Raised: NVIDIA (NVDA), Constellation Energy (CEG)
• Cut: Microsoft (MSFT), Capital One Financial (COF), Kenvue (KVUE), PG&E (PCG)
• Exited: N/A
• Top: N/A

Trian Fund Management

• New: N/A
• Raised: General Electric Aerospace (GE), GE Healthcare (GEHC), Wendy's (WEN)
• Cut: Invesco (IVZ), Solventum (SOLV).
• Exited: N/A
• Top: Janus Henderson (JHG), General Electric Aerospace, Solventum, Wendy's, Ferguson (FERG).