QUARTERLY 13-F FILINGS: Berkshire buys STZ and exits ULTA; Starboard raises stake in KVUE but reduced CRM

Berkshire Hathaway:

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  New Buys: Constellation Brands (STZ).


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  Increased: Domino's Pizza (DPZ), VeriSign (VRSN), SiriusXM (SIRI), Pool (POOL), Occidental (OXY).


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  Reduced: Citigroup (C), Bank of America (BAC), Nubank (NU), Charter Communications (CHTR), Louisiana-Pacific (LPX).


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  Exited: Vanguard S&P 500 ETF (VOO), SPDR S&P 500 ETF Trust (SPY), Ulta Beauty (ULTA).


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  Top Holdings: Apple (AAPL), American Express (AXP), Bank of America, Coca-Cola (KO), Chevron (CVX).

Elliott Investment Management:

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  Increased: CorMedix (CRMD), HDFC Bank (HDB)


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  Reduced: NRG Energy (NRG), Southwest Air (LUV).


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  Exited: Cardinal Health (CAH), Utilities Select Sector SPDR Fund (XLU).


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  Top Holdings: Triple Flag (TFPM), Southwest, Suncor (SU), Pinterest (PINS), NRG Energy (NRG).

Icahn Capital:

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  Increased: CVR Partners (UAN), Icahn Enterprises (IEP).


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  Reduced: Southwest Gas (SWX), Illumina (ILMN), Centuri Holdings (CTRI).


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  Top Holdings: Icahn Enterprises (IEP), CVR Energy (CVI), Southwest Gas (SWX), International Flavors (IFF), CVR Partners (UAN).

Jana Partners:

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  New Buys: Markel Group (MKL).


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  Increased: Lamb Weston (LW), Rapid7 (RPD).


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  Reduced: Fidelity National (FIS), Wolfspeed (WOLF), Trimble (TRMB).


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  Exited: Frontier Communications (FYBR), Fortrea Holdings (FTRE).


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  Top Holdings: Lamb Weston (LW), Trimble (TRMB), Mercury Systems (MRCY).

Lone Pine Capital:

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  New Buy: Eli Lilly (LLY), Capital One (COF), Flutter (FLUT), Cipher Mining (CIFR).


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  Increased: Philip Morris (PM), Starbucks (SBUX), Intuit (INTU), Meta (META), Talen Energy (TLN).


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  Reduced: Lennar (LEN), Constellation Energy (CEG), Block (XYZ), Amazon (AMZN), Spotify (SPOT).


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  Exited: UnitedHealth (UNH), Booking Holdings (BKNG), GE Vernova (GEV).


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  Top Holdings: Meta (META), Amazon (AMZN), Philip Morris (PM), TSMC (TSM), and Vistra (VST).

Paulson & Co:

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  New Buys: Alphabet Class A (GOOGL).


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  Increased: Thryv (THRY).


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  Exited: Altice USA (ATUS).


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  Top Holdings: Madrigal (MDGL), Perpetua (PPTA), Acadian Asset Management (AAMI), Bausch Health (BHC), Novagold (NG).

Pershing Square:

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  New Buys: Brookfield (BAM), Seaport Entertainment (SEG), Nike (NKE).


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  Reduced: Hilton Worldwide (HLT), Chipotle (CMG).


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  Top Holdings: Brookfield (BAM), Restaurant Brands (QSR), Chipotle (CMG), Howard Hughes (HHC), Alphabet Class C (GOOG).

Soros Fund Management:

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  New Buys: iShares Russell 2000 ETF (IWM), Arthur J. Gallagher (AJG), SPDR S&P 500 ETF Trust (SPY), iShares iBoxx $ Investment Grand Corporate Bond ETF (LQD), KraneShares CSI China Internet ETF (KWEB).


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  Increased: Alphabet Class A (GOOGL), Salesforce (CRM), Smurfit WestRock (SW), Accenture (ACN), Amazon (AMZN).


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  Reduced: Financial Select Sector SPDR Fund (XLF), Alibaba (BABA), Jacobs (J), iShares MSCI Emerging Markets ex China ETF (EMXC), Aurora Innovation (AUR)


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  Exited: iShares Core S&P 500 ETF (IVV), EchoStar (SATS), Global Payments (GPN), Merck (MRK), Vulcan Materials (VMC).


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  Top Holdings: Smurfit Westrock (SW), Alphabet Class A (GOOGL), AstraZeneca (AZN), iShares Russell 2000 ETF (IWM), GFL Environmental (GFL).

Starboard:

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  New Buys: Kenvue (KVUE), Pfizer (PFE), Healthcare Realty Trust (HR), iShares Core S&P Mid-Cap ETF (IJH), Riot Platforms (RIOT).


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  Increased: Match Group (MTCH), Alight (ALIT), Algonquin Power (AQN).


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  Reduced: Salesforce (CRM), Autodesk (ADSK), Wix.com (WIX), Fortrea (FTRE), Green Dot (GDOT).


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  Exited: iShares Russell 2000 Value ETF (IWM), Humana (HUM).


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  Top Holdings: GoDaddy (GDDY), Gen Digital (GEN), Match Group (MTCH), Kenvue (KVUE), Pfizer (PFE).

Third Point:

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  New Buys: Thermo Fisher (TMO), Capital One (COF), Fortive (FTV), Workday (WDAY), Discover (DFS)


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  Increased: Telephone and Data Systems (TDS), Flutter (FLUT), LPL Financial (LPL), Tesla (TSLA), Meta (META).


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  Reduced: Vistra (VST), Microsoft (MSFT), Danaher (DHR), Cinemark (CNK), Apollo Global (APO).


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  Exited: Bath & Body Works (BBWI), Apple (AAPL), Roper (ROP), Amphenol (APH), CVS (CVS).


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  Top Holdings: PG&E (PCG), Amazon (AMZN), Danaher (DHR), Meta (META), TSMC (TSM).

Trian Fund Management:

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  Increased: Solventum (SOLV), U-Haul (UHAL), Wendy's (WEN)


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  Reduced: Allstate (ALL), Ferguson (FERG).


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  Top Holdings: Janus Henderson (JHG), GE Aerospace (GE), Solventum (SOLV), Wendy's (WEN), Invesco (IVZ).

18 Feb 2025 - 12:10- Research Sheet- Source: Newsquawk